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2-bed · 803 sqftOntario Tower, Business Bay · 5th floor · completed 2010

R503, Ontario Tower

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R503 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 710K23 January 2023
Current rentAED 70K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R503, Ontario Tower

What is R503 worth today?

Last sold for AED 710,000 in 2023

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1 May 2026RentedRenewal
AED 70,000/yr12 months · AED 87 per sqft
1 May 2025RentedNew contract
AED 72,000/yr12 months · AED 89 per sqft
1 May 2025RentedNew contract
AED 72,000/yr12 months · AED 89 per sqft
18 May 2024RentedRenewal
AED 67,000/yr12 months · AED 83 per sqft
18 May 2023RentedNew contract
AED 67,000/yr12 months · AED 83 per sqft
23 Jan 2023SoldReady
AED 710,000AED 884 per sqft
13 May 2022RentedNew contract
AED 50,000/yr12 months · AED 62 per sqft
1 May 2021RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
803 sqft
Floor
5th of 25
Parking
B1-31
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 14,300 /yr
Last sold
AED 710K · January 2023
Building
Ontario Tower

About R503, Ontario Tower

R503 is a two-bedroom apartment of 803 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 23 January 2023 for AED 710,000, or AED 884 per sqft, in line with the AED 875 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 70,000 a year: a gross yield of 9.9% on the 2023 price, before the service charge of about AED 14,300 a year.

Sales and rents for R503 over time

Sales
Unit R503, each saleTypical two-bed in Ontario Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,096,633; 2011 AED 1,117,000; 2012 AED 1,058,265; 2013 AED 1,200,000; 2014 AED 1,450,000; 2016 AED 1,250,000; 2017 AED 1,200,000; 2019 AED 875,000; 2022 AED 860,000; 2023 AED 900,000; 2024 AED 1,290,000; 2025 AED 1,200,000; 2026 AED 1,226,986Sold by developer, August 2009: AED 966,420 (AED 1,203 per sqft)Sold, January 2014: AED 966,420 (AED 1,203 per sqft)Sold, January 2023: AED 710,000 (AED 884 per sqft)

R503 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit R503, each contractTypical two-bed in Ontario Tower
50K100K2013201720212025Typical rent by year: 2013 AED 75,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 104,500; 2017 AED 95,000; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 60,000; 2021 AED 53,000; 2022 AED 65,000; 2023 AED 90,000; 2024 AED 102,850; 2025 AED 104,500; 2026 AED 100,930New contract, January 2015: AED 90,000 a yearNew contract, March 2016: AED 82,000 a yearRenewal, March 2017: AED 82,000 a yearNew contract, September 2018: AED 65,000 a yearNew contract, March 2020: AED 48,500 a yearNew contract, May 2021: AED 40,000 a yearNew contract, May 2022: AED 50,000 a yearNew contract, May 2023: AED 67,000 a yearRenewal, May 2024: AED 67,000 a yearNew contract, May 2025: AED 72,000 a yearNew contract, May 2025: AED 72,000 a yearRenewal, May 2026: AED 70,000 a year

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 R503 sits

All 51 2-beds →

R503 last sold in January 2023 at AED 884 per sqft, in line with 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. R503's AED 70,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20261,100,000
18 Sep 20261,258,372
18 Sep 20261,200,000
18 Sep 20261,184,000
12 2-bed sales in the last 12 months

Ontario Tower

Building

175 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%
Ontario Tower, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 175 units in Ontario Tower
Value
R501StudioAED 400K · Apr 2012
R5022-bedAED 1.3M · Jan 2026
R5041-bedAED 850K · Jun 2024
R5051-bedAED 715K · Nov 2022
R5061-bedAED 1.23M · Aug 2014
R5072-bedAED 1.25M · Oct 2016

R503, Ontario Tower in numbers

  • Sold 3 times: first on 4 August 2009 for AED 966,420, last on 23 January 2023 for AED 710,000 (AED 884 per sqft).
  • Rented since January 2015 on 12 Ejari contracts. The rent fell from AED 90,000 to AED 40,000 in 2021 and recovered to AED 70,000 by May 2026.
  • At AED 70,000 a year the gross yield on the 2023 price is 9.9%, before a service charge of about AED 14,300 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 1 May 2026.

Questions about R503, Ontario Tower

What did unit R503 last sell for?

AED 710,000 on 23 January 2023: AED 884 per sqft for 803 sqft. The unit has 3 registered sales; the first was AED 966,420 in August 2009.

What is the rent for unit R503?

AED 70,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 72,000; the unit has been rented since January 2015.

How big is unit R503?

803 sqft (74.6 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2010.

What is unit R503 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 R503, Ontario Tower

Starts from the last sale price (AED 710K, 23 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →