R2402, Ontario Tower
Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R2402, Ontario Tower
What is R2402 worth today?
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Source: Dubai Land Department. Updated 26 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 24th of 25
- Parking
- P1-09
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.16M · December 2022
- Building
- Ontario Tower
About R2402, Ontario Tower
R2402 is a two-bedroom apartment of 982 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 26 December 2022 for AED 1,160,000, or AED 1,181 per sqft, 35% above the AED 875 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 2 October 2022, is AED 85,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 17,500 a year.
Sales and rents for R2402 over time
R2402 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ontario Tower, and where R2402 sits
All 51 2-beds →R2402 last sold in December 2022 at AED 1,181 per sqft, 35% above what two-beds in Ontario Tower were fetching at the time (AED 875). Over the last 12 months two-beds sold for AED 1,100,000 to 1,519,924, around AED 1,249 per sqft, and rent for AED 60,000 to 162,000 a year. R2402's AED 85,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 982 sqft | 1,100,000 | 1,120 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,258,372 | 1,281 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,200,000 | 1,222 | ||
| 18 Sep 202618 September 2026 | 982 sqft | 1,184,000 | 1,205 |
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 | |||||
|---|---|---|---|---|---|
| R2401 | Studio | 402 sqft | AED 725KAED 725,000 · Oct 2016October 2016 | 50,000 /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 |
R2402, Ontario Tower in numbers
- Sold 3 times: first on 29 August 2013 for AED 1,352,228, last on 26 December 2022 for AED 1,160,000 (AED 1,181 per sqft).
- Rented since January 2015 on 5 Ejari contracts. The rent fell from AED 104,500 to AED 49,933 in 2018 and recovered to AED 85,000 by October 2022.
- At AED 85,000 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 17,500 a year (AED 17.81 per sqft).
- Two-beds in Ontario Tower sold for AED 1,100,000–1,519,924 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 26 December 2022.
Questions about R2402, Ontario Tower
What did unit R2402 last sell for?
AED 1,160,000 on 26 December 2022: AED 1,181 per sqft for 982 sqft. The unit has 3 registered sales; the first was AED 1,352,228 in August 2013.
What is the rent for unit R2402?
AED 85,000 a year on the contract signed on 2 October 2022. The previous contract, from September 2021, was AED 85,000; the unit has been rented since January 2015.
How big is unit R2402?
982 sqft (91.2 sqm): a two-bedroom apartment on the 24th floor of a 25-storey tower completed in 2010.
What is unit R2402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ontario Tower sold for AED 1,100,000 to 1,519,924 in the last 12 months, around AED 1,249 per sqft.
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Mortgage on R2402, Ontario Tower
Starts from the last sale price (AED 1.16M, 26 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,160,000
- Deposit, UAE resident (20%)
- AED 232,000
- Deposit, non-resident (40%)
- AED 464,000
- Monthly over 25 years at 3.7%
- AED 4,746
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →