R607, Ontario Tower
Sold prices and rental history: sold once, by the developer in August 2015, 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 R607, Ontario Tower
What is R607 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 6th of 25
- Parking
- B1-42
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.21M · August 2015
- Building
- Ontario Tower
About R607, Ontario Tower
R607 is a two-bedroom apartment of 982 sqft on the 6th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 9 August 2015 for AED 1,208,350, or AED 1,230 per sqft, in line with the AED 1,201 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 105,000 a year: a gross yield of 8.7% on the 2015 price, before the service charge of about AED 17,500 a year.
Sales and rents for R607 over time
R607 has sold once; 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 R607 sits
All 51 2-beds →R607 last sold in August 2015 at AED 1,230 per sqft, in line with what two-beds in Ontario Tower were fetching at the time (AED 1,201). 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. R607's AED 105,000 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 6th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R601 | Studio | 402 sqft | AED 448KAED 447,700 · Sep 2012September 2012 | 60,000 /yr | |
| R602 | 2-bed | 982 sqft | AED 1.34MAED 1,340,000 · May 2024May 2024 | 108,000 /yr | |
| R603 | 1-bed | 803 sqft | AED 850KAED 850,000 · Apr 2024April 2024 | 85,000 /yr | |
| R604 | 1-bed | 802 sqft | AED 870KAED 870,000 · Apr 2025April 2025 | 42,000 /yr | |
| R605 | 1-bed | 802 sqft | AED 850KAED 850,000 · Apr 2024April 2024 | 85,000 /yr | |
| R606 | 1-bed | 791 sqft | No registered sale | 200,000 /yr |
R607, Ontario Tower in numbers
- Sold once: by Rose Homes Investment on 9 August 2015 for AED 1,208,350, or AED 1,230 per sqft.
- Rented since July 2014 on 6 Ejari contracts, from AED 82,800 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2015 price is 8.7%, 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 1 May 2024.
Questions about R607, Ontario Tower
What did unit R607 last sell for?
AED 1,208,350 on 9 August 2015, sold by the developer: AED 1,230 per sqft for 982 sqft. It is the only registered sale of the unit.
What is the rent for unit R607?
AED 105,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 105,000; the unit has been rented since July 2014.
How big is unit R607?
982 sqft (91.2 sqm): a two-bedroom apartment on the 6th floor of a 25-storey tower completed in 2010.
What is unit R607 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 R607, Ontario Tower
Starts from the last sale price (AED 1.21M, 9 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,208,350
- Deposit, UAE resident (20%)
- AED 241,670
- Deposit, non-resident (40%)
- AED 483,340
- Monthly over 25 years at 3.7%
- AED 4,944
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →