R502, Ontario Tower
Sold prices and rental history: sold 4 times, last in January 2026, 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 R502, Ontario Tower
What is R502 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 5th of 25
- Parking
- B1-30
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.3M · January 2026
- Building
- Ontario Tower
About R502, Ontario Tower
R502 is a two-bedroom apartment of 982 sqft on the 5th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 13 January 2026 for AED 1,300,000, or AED 1,323 per sqft, 7% above the AED 1,232 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 15 October 2026, is AED 110,000 a year: a gross yield of 8.5% on the 2026 price, before the service charge of about AED 17,500 a year.
Sales and rents for R502 over time
R502 has sold 4 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 R502 sits
All 51 2-beds →R502 last sold in January 2026 at AED 1,323 per sqft, 7% above what two-beds in Ontario Tower were fetching at the time (AED 1,232). 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. R502's AED 110,000 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 5th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R501 | Studio | 402 sqft | AED 400KAED 399,613 · Apr 2012April 2012 | 48,000 /yr | |
| R503 | 2-bed | 803 sqft | AED 710KAED 710,000 · Jan 2023January 2023 | 70,000 /yr | |
| R504 | 1-bed | 802 sqft | AED 850KAED 850,000 · Jun 2024June 2024 | 68,326 /yr | |
| R505 | 1-bed | 802 sqft | AED 715KAED 715,000 · Nov 2022November 2022 | 45,000 /yr | |
| R506 | 1-bed | 791 sqft | AED 1.23MAED 1,225,000 · Aug 2014August 2014 | 75,000 /yr | |
| R507 | 2-bed | 982 sqft | AED 1.25MAED 1,250,000 · Oct 2016October 2016 | 90,000 /yr |
R502, Ontario Tower in numbers
- Sold 4 times: first on 7 June 2011 for AED 999,473, last on 13 January 2026 for AED 1,300,000 (AED 1,323 per sqft).
- Rented since May 2014 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 48,000 in 2020 and recovered to AED 110,000 by October 2026.
- At AED 110,000 a year the gross yield on the 2026 price is 8.5%, 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 15 October 2026.
Questions about R502, Ontario Tower
What did unit R502 last sell for?
AED 1,300,000 on 13 January 2026: AED 1,323 per sqft for 982 sqft. The unit has 4 registered sales; the first was AED 999,473 in June 2011.
What is the rent for unit R502?
AED 110,000 a year on the contract signed on 15 October 2026. The previous contract, from July 2024, was AED 105,000; the unit has been rented since May 2014.
How big is unit R502?
982 sqft (91.2 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2010.
What is unit R502 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 R502, Ontario Tower
Starts from the last sale price (AED 1.3M, 13 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →