R506, Ontario Tower
Sold prices and rental history: sold 3 times, last in August 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R506, Ontario Tower
What is R506 worth today?
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Source: Dubai Land Department. Updated 13 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 791 sqft
- Floor
- 5th of 25
- Parking
- B1-34
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.23M · August 2014
- Building
- Ontario Tower
About R506, Ontario Tower
R506 is a one-bedroom apartment of 791 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 August 2014 for AED 1,225,000, or AED 1,548 per sqft, 10% above the AED 1,402 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 13 November 2025, is AED 75,000 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 14,100 a year.
Sales and rents for R506 over time
R506 has sold 3 times; 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 R506 sits
All 100 1-beds →R506 last sold in August 2014 at AED 1,548 per sqft, 10% above what one-beds in Ontario Tower were fetching at the time (AED 1,402). 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. R506's AED 75,000 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 | |
| R505 | 1-bed | 802 sqft | AED 715KAED 715,000 · Nov 2022November 2022 | 45,000 /yr | |
| R507 | 2-bed | 982 sqft | AED 1.25MAED 1,250,000 · Oct 2016October 2016 | 90,000 /yr |
R506, Ontario Tower in numbers
- Sold 3 times: first on 2 July 2009 for AED 1,193,897, last on 13 August 2014 for AED 1,225,000 (AED 1,548 per sqft).
- Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 78,000 to AED 45,000 in 2021 and recovered to AED 75,000 by November 2025.
- At AED 75,000 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 14,100 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 13 November 2025.
Questions about R506, Ontario Tower
What did unit R506 last sell for?
AED 1,225,000 on 13 August 2014: AED 1,548 per sqft for 791 sqft. The unit has 3 registered sales; the first was AED 1,193,897 in July 2009.
What is the rent for unit R506?
AED 75,000 a year on the contract renewed on 13 November 2025. The previous contract, from November 2024, was AED 75,000; the unit has been rented since September 2016.
How big is unit R506?
791 sqft (73.5 sqm): a one-bedroom apartment on the 5th floor of a 25-storey tower completed in 2010.
What is unit R506 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 R506, Ontario Tower
Starts from the last sale price (AED 1.23M, 13 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,225,000
- Deposit, UAE resident (20%)
- AED 245,000
- Deposit, non-resident (40%)
- AED 490,000
- Monthly over 25 years at 3.7%
- AED 5,012
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →