R2404, Ontario Tower
Sold prices and rental history: sold twice, last in August 2017, 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 R2404, Ontario Tower
What is R2404 worth today?
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Source: Dubai Land Department. Updated 14 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 24th of 25
- Parking
- P1-11
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 980K · August 2017
- Building
- Ontario Tower
About R2404, Ontario Tower
R2404 is a one-bedroom apartment of 802 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 20 August 2017 for AED 980,000, or AED 1,221 per sqft, in line with the AED 1,221 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 14 June 2024, is AED 85,000 a year: a gross yield of 8.7% on the 2017 price, before the service charge of about AED 14,300 a year.
Sales and rents for R2404 over time
R2404 has sold twice; 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 R2404 sits
All 100 1-beds →R2404 last sold in August 2017 at AED 1,221 per sqft, in line with what one-beds in Ontario Tower were fetching at the time (AED 1,221). 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. R2404's AED 85,000 is in the lower 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 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 | |
| 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 | |
| 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 |
R2404, Ontario Tower in numbers
- Sold twice: first on 29 August 2013 for AED 1,124,838, last on 20 August 2017 for AED 980,000 (AED 1,221 per sqft).
- Rented since August 2015 on 6 Ejari contracts. The rent fell from AED 71,200 to AED 52,000 in 2020 and recovered to AED 85,000 by June 2024.
- At AED 85,000 a year the gross yield on the 2017 price is 8.7%, before a service charge of about AED 14,300 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 14 June 2024.
Questions about R2404, Ontario Tower
What did unit R2404 last sell for?
AED 980,000 on 20 August 2017: AED 1,221 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 1,124,838 in August 2013.
What is the rent for unit R2404?
AED 85,000 a year on the contract signed on 14 June 2024. The previous contract, from April 2021, was AED 55,200; the unit has been rented since August 2015.
How big is unit R2404?
802 sqft (74.5 sqm): a one-bedroom apartment on the 24th floor of a 25-storey tower completed in 2010.
What is unit R2404 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 R2404, Ontario Tower
Starts from the last sale price (AED 980K, 20 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 980,000
- Deposit, UAE resident (20%)
- AED 196,000
- Deposit, non-resident (40%)
- AED 392,000
- Monthly over 25 years at 3.7%
- AED 4,009
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →