R701, Ontario Tower
Sold prices and rental history: sold 3 times, last in January 2017, 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 R701, Ontario Tower
What is R701 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 7th of 25
- Parking
- B1-43
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 666K · January 2017
- Building
- Ontario Tower
About R701, Ontario Tower
R701 is a studio of 402 sqft on the 7th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 16 January 2017 for AED 666,225, or AED 1,657 per sqft, 11% above the AED 1,492 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 55,000 a year: a gross yield of 8.3% on the 2017 price, before the service charge of about AED 7,200 a year.
Sales and rents for R701 over time
R701 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Ontario Tower, and where R701 sits
All 24 studios →R701 last sold in January 2017 at AED 1,657 per sqft, 11% above what studios in Ontario Tower were fetching at the time (AED 1,492). Over the last 12 months studios sold for AED 620,000 to 740,000, around AED 1,691 per sqft, and rent for AED 45,000 to 78,000 a year. R701's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Sep 202615 September 2026 | 402 sqft | 620,000 | 1,542 | ||
| 8 Jan 20268 January 2026 | 402 sqft | 740,000 | 1,840 | ||
| 4 Nov 20254 November 2025 | 402 sqft | 700,000 | 1,741 | ||
| 20 Oct 202520 October 2025 | 398 sqft | 640,000 | 1,607 |
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 7th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R702 | 2-bed | 982 sqft | AED 1.53MAED 1,528,605 · May 2011May 2011 | ||
| R703 | 1-bed | 803 sqft | AED 800KAED 800,000 · Dec 2023December 2023 | 70,400 /yr | |
| R704 | 1-bed | 802 sqft | AED 555KAED 555,000 · Dec 2019December 2019 | 65,520 /yr | |
| R705 | 1-bed | 802 sqft | AED 1.08MAED 1,075,000 · Dec 2025December 2025 | 92,000 /yr | |
| R706 | 1-bed | 791 sqft | AED 1MAED 1,000,000 · Oct 2013October 2013 | 64,000 /yr | |
| R707 | 2-bed | 982 sqft | AED 1.11MAED 1,108,265 · Jun 2011June 2011 | 80,000 /yr |
R701, Ontario Tower in numbers
- Sold 3 times: first on 24 February 2013 for AED 460,161, last on 16 January 2017 for AED 666,225 (AED 1,657 per sqft).
- Rented since October 2014 on 9 Ejari contracts. The rent fell from AED 58,000 to AED 32,000 in 2021 and recovered to AED 55,000 by October 2026.
- At AED 55,000 a year the gross yield on the 2017 price is 8.3%, before a service charge of about AED 7,200 a year (AED 17.81 per sqft).
- Studios in Ontario Tower sold for AED 620,000–740,000 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 1 October 2026.
Questions about R701, Ontario Tower
What did unit R701 last sell for?
AED 666,225 on 16 January 2017: AED 1,657 per sqft for 402 sqft. The unit has 3 registered sales; the first was AED 460,161 in February 2013.
What is the rent for unit R701?
AED 55,000 a year on the contract renewed on 1 October 2026. The previous contract, from July 2026, was AED 48,000; the unit has been rented since October 2014.
How big is unit R701?
402 sqft (37.3 sqm): a studio on the 7th floor of a 25-storey tower completed in 2010.
What is unit R701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ontario Tower sold for AED 620,000 to 740,000 in the last 12 months, around AED 1,691 per sqft.
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Mortgage on R701, Ontario Tower
Starts from the last sale price (AED 666K, 16 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 666,225
- Deposit, UAE resident (20%)
- AED 133,245
- Deposit, non-resident (40%)
- AED 266,490
- Monthly over 25 years at 3.7%
- AED 2,726
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →