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2-bed · 982 sqftOntario Tower, Business Bay · 7th floor · completed 2010

R702, Ontario Tower

Sold prices and rental history: sold once, by the developer in May 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R702 · DLD and Ejari recordsUpdated 9 May 2011
Last soldAED 1.53M9 May 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for R702, Ontario Tower

What is R702 worth today?

Last sold for AED 1,528,605 in 2011

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9 May 2011Sold by developerReady
AED 1,528,605AED 1,556 per sqft

Source: Dubai Land Department. Updated 9 May 2011.

Key facts

Type
2-bed apartment
Size
982 sqft
Floor
7th of 25
Parking
B1-44
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 17,500 /yr
Last sold
AED 1.53M · May 2011
Building
Ontario Tower

About R702, Ontario Tower

R702 is a two-bedroom apartment of 982 sqft on the 7th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 9 May 2011 for AED 1,528,605, or AED 1,556 per sqft, 13% above the AED 1,377 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for R702 over time

Sales
Unit R702, 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, May 2011: AED 1,528,605 (AED 1,556 per sqft)

R702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit R702, each contractTypical two-bed in Ontario Tower
50K75K100K2013201720212025Typical 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 100,930

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 R702 sits

All 51 2-beds →

R702 last sold in May 2011 at AED 1,556 per sqft, 13% above what two-beds in Ontario Tower were fetching at the time (AED 1,377). 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.

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 7th floor

All 175 units in Ontario Tower
Value
R701StudioAED 666K · Jan 2017
R7031-bedAED 800K · Dec 2023
R7041-bedAED 555K · Dec 2019
R7051-bedAED 1.08M · Dec 2025
R7061-bedAED 1M · Oct 2013
R7072-bedAED 1.11M · Jun 2011

R702, Ontario Tower in numbers

  • Sold once: by Rose Homes Investment on 9 May 2011 for AED 1,528,605, or AED 1,556 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 9 May 2011.

Questions about R702, Ontario Tower

What did unit R702 last sell for?

AED 1,528,605 on 9 May 2011, sold by the developer: AED 1,556 per sqft for 982 sqft. It is the only registered sale of the unit.

How big is unit R702?

982 sqft (91.2 sqm): a two-bedroom apartment on the 7th floor of a 25-storey tower completed in 2010.

What is unit R702 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 R702, Ontario Tower

Starts from the last sale price (AED 1.53M, 9 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,528,605
Deposit, UAE resident (20%)
AED 305,721
Deposit, non-resident (40%)
AED 611,442
Monthly over 25 years at 3.7%
AED 6,254

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