R2206, Ontario Tower
Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R2206, Ontario Tower
What is R2206 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 791 sqft
- Floor
- 22nd of 25
- Parking
- B1-160
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,100 /yr
- Last sold
- AED 860K · June 2024
- Building
- Ontario Tower
About R2206, Ontario Tower
R2206 is a one-bedroom apartment of 791 sqft on the 22nd floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 14 June 2024 for AED 860,000, or AED 1,087 per sqft, 7% above the AED 1,019 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 July 2024, is AED 125,000 a year: a gross yield of 14.5% on the 2024 price, before the service charge of about AED 14,100 a year.
Sales and rents for R2206 over time
R2206 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ontario Tower, and where R2206 sits
All 100 1-beds →R2206 last sold in June 2024 at AED 1,087 per sqft, 7% above what one-beds in Ontario Tower were fetching at the time (AED 1,019). Over the last 12 months one-beds sold for AED 800,000 to 1,200,000, around AED 1,286 per sqft, and rent for AED 35,000 to 200,000 a year. R2206's AED 125,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 803 sqft | 895,370 | 1,115 | ||
| 8 Sep 20268 September 2026 | 802 sqft | 800,000 | 997 | ||
| 18 Jul 202618 July 2026 | 802 sqft | 1,050,000 | 1,309 | ||
| 16 Jun 202616 June 2026 | 802 sqft | 1,012,692 | 1,262 |
Ontario Tower
Building175 apartments, studios to 2-bed over 25 floors in Business Bay, completed in 2010 by Rose Homes Investment. 28 sold in the last 12 months.
- Typical price per sqft
- AED 1,277 Up 6.6%
- Typical sale
- AED 1.09M
- Typical rent
- AED 75K /yr
- Typical yield
- 8.1%
Other units on the 22nd floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R2201 | Studio | 402 sqft | AED 650KAED 650,000 · Nov 2013November 2013 | 47,000 /yr | |
| R2202 | 2-bed | 982 sqft | AED 1.38MAED 1,380,000 · Dec 2013December 2013 | 85,000 /yr | |
| R2203 | 1-bed | 803 sqft | AED 840KAED 840,000 · Dec 2024December 2024 | 75,000 /yr | |
| R2204 | 1-bed | 802 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 70,000 /yr | |
| R2205 | 1-bed | 802 sqft | AED 1.2MAED 1,200,000 · Mar 2014March 2014 | 69,370 /yr | |
| R2207 | 2-bed | 982 sqft | AED 1.2MAED 1,203,972 · Aug 2026August 2026 | 91,140 /yr |
R2206, Ontario Tower in numbers
- Sold 3 times: first on 30 June 2013 for AED 1,120,801, last on 14 June 2024 for AED 860,000 (AED 1,087 per sqft).
- Rented since August 2014 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 42,000 in 2021 and recovered to AED 125,000 by July 2024.
- At AED 125,000 a year the gross yield on the 2024 price is 14.5%, before a service charge of about AED 14,100 a year (AED 17.81 per sqft).
- One-beds in Ontario Tower sold for AED 800,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,277 per sqft.
Source: Dubai Land Department. Updated 1 July 2024.
Questions about R2206, Ontario Tower
What did unit R2206 last sell for?
AED 860,000 on 14 June 2024: AED 1,087 per sqft for 791 sqft. The unit has 3 registered sales; the first was AED 1,120,801 in June 2013.
What is the rent for unit R2206?
AED 125,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2022, was AED 58,000; the unit has been rented since August 2014.
How big is unit R2206?
791 sqft (73.5 sqm): a one-bedroom apartment on the 22nd floor of a 25-storey tower completed in 2010.
What is unit R2206 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ontario Tower sold for AED 800,000 to 1,200,000 in the last 12 months, around AED 1,286 per sqft.
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Mortgage on R2206, Ontario Tower
Starts from the last sale price (AED 860K, 14 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 860,000
- Deposit, UAE resident (20%)
- AED 172,000
- Deposit, non-resident (40%)
- AED 344,000
- Monthly over 25 years at 3.7%
- AED 3,519
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →