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2-bed · 1,564 sqftU-Bora Tower 1 (Residential), Business Bay · 10th floor · completed 2011

1007, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in November 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 30 June 2024
Last soldAED 2.02M26 November 2013
Current rentAED 132K /yr30 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1007, U-Bora Tower 1 (Residential)

What is 1007 worth today?

Last sold for AED 2,017,560 in 2013

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30 Jun 2024RentedRenewal
AED 132,000/yr12 months · AED 85 per sqft
30 Jun 2024RentedRenewal
AED 132,000/yr12 months · AED 85 per sqft
30 Jun 2023RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft
30 Jun 2022RentedRenewal
AED 100,800/yr12 months · AED 65 per sqft
30 Jun 2021RentedRenewal
AED 100,800/yr12 months · AED 65 per sqft
30 Jun 2020RentedRenewal
AED 100,800/yr12 months · AED 65 per sqft
30 Jun 2019RentedRenewal
AED 100,800/yr12 months · AED 65 per sqft
30 Jun 2018RentedRenewal
AED 120,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 30 June 2024.

Key facts

Type
2-bed apartment
Size
1,564 sqft
Floor
10th of 16
Parking
P4-191
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 28,000 /yr
Last sold
AED 2.02M · November 2013
Building
U-Bora Tower 1 (Residential)

About 1007, U-Bora Tower 1 (Residential)

1007 is a two-bedroom apartment of 1,564 sqft on the 10th floor of U-Bora Tower 1 (Residential), a 16-storey tower in Business Bay completed in 2011 by Bando Engineering & Construction Co. The developer sold it on 26 November 2013 for AED 2,017,560, or AED 1,289 per sqft, 4% above the AED 1,239 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 30 June 2024, is AED 132,000 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 28,000 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, each saleTypical two-bed in U-Bora Tower 1 (Residential)
1M2M2009201420192024Typical sale price by year: 2009 AED 2,620,985; 2012 AED 2,447,753; 2013 AED 1,976,135; 2014 AED 2,610,405; 2015 AED 2,200,000; 2016 AED 1,350,000; 2017 AED 1,825,000; 2020 AED 1,200,000; 2021 AED 1,525,000; 2022 AED 1,260,000; 2023 AED 1,550,000; 2024 AED 1,875,000; 2025 AED 2,428,404; 2026 AED 2,152,500Sold by developer, November 2013: AED 2,017,560 (AED 1,289 per sqft)

1007 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1007, each contractTypical two-bed in U-Bora Tower 1 (Residential)
100K150K2012201620202024Typical rent by year: 2012 AED 86,001; 2013 AED 90,000; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 140,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 110,000; 2020 AED 80,000; 2021 AED 84,000; 2022 AED 93,500; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 136,453; 2026 AED 137,000New contract, May 2013: AED 82,500 a yearNew contract, December 2016: AED 135,000 a yearNew contract, June 2017: AED 125,000 a yearRenewal, June 2018: AED 120,000 a yearRenewal, June 2019: AED 100,800 a yearRenewal, June 2020: AED 100,800 a yearRenewal, June 2021: AED 100,800 a yearRenewal, June 2022: AED 100,800 a yearRenewal, June 2023: AED 120,000 a yearRenewal, June 2024: AED 132,000 a yearRenewal, June 2024: AED 132,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in U-Bora Tower 1 (Residential), and where 1007 sits

All 88 2-beds →

1007 last sold in November 2013 at AED 1,289 per sqft, 4% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,239). Over the last 12 months two-beds sold for AED 1,875,000 to 2,300,000, around AED 1,259 per sqft, and rent for AED 117,152 to 200,000 a year. 1007's AED 132,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20262,065,000
12 May 20262,240,000
31 Mar 20262,300,000
18 Feb 20261,875,000
4 2-bed sales in the last 12 months

U-Bora Tower 1 (Residential)

Building

225 apartments, 1-bed to 3-bed over 16 floors in Business Bay, completed in 2011 by Bando Engineering & Construction Co. 16 sold in the last 12 months.

Typical price per sqft
AED 1,227 Up 0.8%
Typical sale
AED 1.26M
Typical rent
AED 90K /yr
Typical yield
7.4%
U-Bora Tower 1 (Residential), Business Bay: prices, sales and rents →

Other units on the 10th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
10011-bedAED 979K · Apr 2014
10021-bedAED 850K · Aug 2023
10031-bedAED 1.66M · May 2014
10041-bedAED 1.35M · Jan 2014
10051-bedAED 1.31M · Feb 2014
10082-bedAED 2M · Dec 2013
10092-bedAED 1.3M · Nov 2022
1–7 of 21

1007, U-Bora Tower 1 (Residential) in numbers

  • Sold once: by Bando Engineering & Construction Co on 26 November 2013 for AED 2,017,560, or AED 1,289 per sqft.
  • Rented since May 2013 on 11 Ejari contracts, from AED 82,500 to AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2013 price is 6.5%, before a service charge of about AED 28,000 a year (AED 17.90 per sqft).
  • Two-beds in U-Bora Tower 1 (Residential) sold for AED 1,875,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,227 per sqft.

Source: Dubai Land Department. Updated 30 June 2024.

Questions about 1007, U-Bora Tower 1 (Residential)

What did unit 1007 last sell for?

AED 2,017,560 on 26 November 2013, sold by the developer: AED 1,289 per sqft for 1,564 sqft. It is the only registered sale of the unit.

What is the rent for unit 1007?

AED 132,000 a year on the contract renewed on 30 June 2024. The previous contract, from June 2024, was AED 132,000; the unit has been rented since May 2013.

How big is unit 1007?

1,564 sqft (145.3 sqm): a two-bedroom apartment on the 10th floor of a 16-storey tower completed in 2011.

What is unit 1007 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in U-Bora Tower 1 (Residential) sold for AED 1,875,000 to 2,300,000 in the last 12 months, around AED 1,259 per sqft.

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Mortgage on 1007, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.02M, 26 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,017,560
Deposit, UAE resident (20%)
AED 403,512
Deposit, non-resident (40%)
AED 807,024
Monthly over 25 years at 3.7%
AED 8,254

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