R505, Ontario Tower
Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R505, Ontario Tower
What is R505 worth today?
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Source: Dubai Land Department. Updated 14 November 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 5th of 25
- Parking
- B1-33
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 715K · November 2022
- Building
- Ontario Tower
About R505, Ontario Tower
R505 is a one-bedroom apartment of 802 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 14 November 2022 for AED 715,000, or AED 891 per sqft, 10% above the AED 808 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 April 2021, is AED 45,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 14,300 a year.
Sales and rents for R505 over time
R505 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 R505 sits
All 100 1-beds →R505 last sold in November 2022 at AED 891 per sqft, 10% above what one-beds in Ontario Tower were fetching at the time (AED 808). 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. R505's AED 45,000 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 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 | |
| R502 | 2-bed | 982 sqft | AED 1.3MAED 1,300,000 · Jan 2026January 2026 | 110,000 /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 | |
| 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 |
R505, Ontario Tower in numbers
- Sold twice: first on 2 January 2013 for AED 1,261,775, last on 14 November 2022 for AED 715,000 (AED 891 per sqft).
- Rented since April 2017 on 5 Ejari contracts, from AED 72,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2022 price is 6.3%, 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 November 2022.
Questions about R505, Ontario Tower
What did unit R505 last sell for?
AED 715,000 on 14 November 2022: AED 891 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 1,261,775 in January 2013.
What is the rent for unit R505?
AED 45,000 a year on the contract renewed on 1 April 2021. The previous contract, from April 2020, was AED 58,000; the unit has been rented since April 2017.
How big is unit R505?
802 sqft (74.5 sqm): a one-bedroom apartment on the 5th floor of a 25-storey tower completed in 2010.
What is unit R505 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 R505, Ontario Tower
Starts from the last sale price (AED 715K, 14 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 715,000
- Deposit, UAE resident (20%)
- AED 143,000
- Deposit, non-resident (40%)
- AED 286,000
- Monthly over 25 years at 3.7%
- AED 2,925
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →