R2401, Ontario Tower
Sold prices and rental history: sold twice, last in October 2016, 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 R2401, Ontario Tower
What is R2401 worth today?
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Source: Dubai Land Department. Updated 7 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 24th of 25
- Parking
- P1-08
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 725K · October 2016
- Building
- Ontario Tower
About R2401, Ontario Tower
R2401 is a studio of 402 sqft on the 24th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 10 October 2016 for AED 725,000, or AED 1,803 per sqft, 19% above the AED 1,517 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 7 July 2025, is AED 50,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 7,200 a year.
Sales and rents for R2401 over time
R2401 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Ontario Tower, and where R2401 sits
All 24 studios →R2401 last sold in October 2016 at AED 1,803 per sqft, 19% above what studios in Ontario Tower were fetching at the time (AED 1,517). Over the last 12 months studios sold for AED 620,000 to 740,000, around AED 1,691 per sqft, and rent for AED 45,000 to 78,000 a year. R2401's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Sep 202615 September 2026 | 402 sqft | 620,000 | 1,542 | ||
| 8 Jan 20268 January 2026 | 402 sqft | 740,000 | 1,840 | ||
| 4 Nov 20254 November 2025 | 402 sqft | 700,000 | 1,741 | ||
| 20 Oct 202520 October 2025 | 398 sqft | 640,000 | 1,607 |
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 24th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R2402 | 2-bed | 982 sqft | AED 1.16MAED 1,160,000 · Dec 2022December 2022 | 85,000 /yr | |
| R2403 | 1-bed | 803 sqft | AED 700KAED 700,000 · Jul 2024July 2024 | 64,000 /yr | |
| R2404 | 1-bed | 802 sqft | AED 980KAED 980,000 · Aug 2017August 2017 | 85,000 /yr | |
| R2405 | 1-bed | 802 sqft | AED 1MAED 1,000,000 · Jul 2024July 2024 | 90,000 /yr | |
| R2406 | 1-bed | 791 sqft | AED 1.05MAED 1,050,000 · Apr 2025April 2025 | 70,000 /yr | |
| R2407 | 2-bed | 982 sqft | AED 1.3MAED 1,300,000 · Dec 2016December 2016 | 92,000 /yr |
R2401, Ontario Tower in numbers
- Sold twice: first on 29 August 2013 for AED 557,037, last on 10 October 2016 for AED 725,000 (AED 1,803 per sqft).
- Rented since September 2014 on 11 Ejari contracts. The rent fell from AED 65,000 to AED 30,000 in 2021 and recovered to AED 50,000 by July 2025.
- At AED 50,000 a year the gross yield on the 2016 price is 6.9%, before a service charge of about AED 7,200 a year (AED 17.81 per sqft).
- Studios in Ontario Tower sold for AED 620,000–740,000 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 7 July 2025.
Questions about R2401, Ontario Tower
What did unit R2401 last sell for?
AED 725,000 on 10 October 2016: AED 1,803 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 557,037 in August 2013.
What is the rent for unit R2401?
AED 50,000 a year on the contract signed on 7 July 2025. The previous contract, from July 2025, was AED 50,000; the unit has been rented since September 2014.
How big is unit R2401?
402 sqft (37.3 sqm): a studio on the 24th floor of a 25-storey tower completed in 2010.
What is unit R2401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ontario Tower sold for AED 620,000 to 740,000 in the last 12 months, around AED 1,691 per sqft.
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Mortgage on R2401, Ontario Tower
Starts from the last sale price (AED 725K, 10 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →