1-bed · 988 sqftU-Bora Tower 1 (Residential), Business Bay · 10th floor · completed 2011

1016, U-Bora Tower 1 (Residential)

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1016 · DLD and Ejari recordsUpdated 23 April 2024

Last soldAED 1.13M23 April 2024

Current rentAED 53K /yr21 December 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1016, U-Bora Tower 1 (Residential)

Today

What is 1016 worth today?

Last sold for AED 1,125,000 in 2024

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23 Apr 2024

23 Apr 2024SoldReady

AED 1,125,000AED 1,138 per sqft

21 Dec 2022

21 Dec 2022RentedRenewal

AED 52,500/yr12 months · AED 53 per sqft

21 Dec 2021

21 Dec 2021RentedRenewal

AED 52,500/yr12 months · AED 53 per sqft

21 Dec 2020

21 Dec 2020RentedNew contract

AED 52,500/yr12 months · AED 53 per sqft

30 Sep 2013

30 Sep 2013Sold by developerReady

AED 1,235,000AED 1,249 per sqft

10 Nov 2012

10 Nov 2012RentedNew contract

AED 65,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 23 April 2024.

Key facts

Type: 1-bed apartment
Size: 988 sqft
Floor: 10th of 16
Parking: P4-194
Developer: Bando Engineering & Construction Co
Completed: 2011
Service charge: AED 17,700 /yr
Last sold: AED 1.13M · April 2024
Building: U-Bora Tower 1 (Residential)

About 1016, U-Bora Tower 1 (Residential)

1016 is a one-bedroom apartment of 988 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. It last sold on 23 April 2024 for AED 1,125,000, or AED 1,138 per sqft, 8% above the AED 1,050 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 21 December 2022, is AED 52,500 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 17,700 a year.

Sales and rents for 1016 over time

Sales

Unit 1016, each saleTypical one-bed in U-Bora Tower 1 (Residential)

1016 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1016, each contractTypical one-bed in U-Bora Tower 1 (Residential)

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

1-beds in U-Bora Tower 1 (Residential), and where 1016 sits

All 131 1-beds →

1-beds in U-Bora Tower 1 (Residential) · last 12 months1,226 /sqft U-Bora Tower 1 (Residential) · all types1,227 /sqft

1016 last sold in April 2024 at AED 1,138 per sqft, 8% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,050). Over the last 12 months one-beds sold for AED 1,100,000 to 1,310,000, around AED 1,226 per sqft, and rent for AED 63,000 to 130,000 a year. 1016's AED 52,500 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
27 Aug 202627 August 2026	1,038 sqft	1,100,000	1,059
10 Aug 202610 August 2026	1,003 sqft	1,150,000	1,146
29 Jul 202629 July 2026	930 sqft	1,250,000	1,344
24 Jul 202624 July 2026	695 sqft	26,133	37

11 1-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)


1001	1-bed	753 sqft	AED 979KAED 978,900 · Apr 2014April 2014	63,000 /yr
1002	1-bed	714 sqft	AED 850KAED 850,000 · Aug 2023August 2023	80,000 /yr
1003	1-bed	1,291 sqft	AED 1.66MAED 1,661,517 · May 2014May 2014	79,817 /yr
1004	1-bed	1,038 sqft	AED 1.35MAED 1,349,400 · Jan 2014January 2014	70,000 /yr
1005	1-bed	1,007 sqft	AED 1.31MAED 1,309,100 · Feb 2014February 2014	75,000 /yr
1007	2-bed	1,564 sqft	AED 2.02MAED 2,017,560 · Nov 2013November 2013	132,000 /yr
1008	2-bed	1,551 sqft	AED 2MAED 2,000,790 · Dec 2013December 2013	30,000 /yr
1009	2-bed	1,563 sqft	AED 1.3MAED 1,300,000 · Nov 2022November 2022	140,000 /yr
1010	2-bed	1,564 sqft	AED 2.02MAED 2,017,560 · Nov 2013November 2013	119,700 /yr
1011	2-bed	1,586 sqft	AED 1.98MAED 1,982,500 · Sep 2013September 2013	130,000 /yr
1012	3-bed	2,485 sqft	AED 3.05MAED 3,050,000 · Jul 2025July 2025	126,500 /yr
1013	1-bed	988 sqft	AED 1.21MAED 1,210,300 · Oct 2013October 2013	73,000 /yr
1014	1-bed	988 sqft	AED 1.25MAED 1,250,000 · Oct 2025October 2025	100,279 /yr
1015	1-bed	931 sqft	AED 1.12MAED 1,117,200 · Mar 2014March 2014	95,000 /yr
1017	1-bed	989 sqft	AED 1.24MAED 1,236,250 · Dec 2013December 2013	65,000 /yr
1018	1-bed	931 sqft	AED 692KAED 692,056 · Jul 2012July 2012	85,000 /yr
1019	1-bed	931 sqft	AED 1.18MAED 1,180,000 · Nov 2024November 2024	90,000 /yr
1020	1-bed	989 sqft	AED 1.25MAED 1,250,000 · Oct 2015October 2015	72,000 /yr
1006A	1-bed	1,003 sqft	AED 1.15MAED 1,150,000 · Aug 2026August 2026	60,000 /yr
1006B	1-bed	1,059 sqft	AED 1.33MAED 1,330,300 · Jul 2025July 2025	72,000 /yr
1006C	1-bed	1,047 sqft	AED 1.1MAED 1,100,000 · Sep 2024September 2024	65,000 /yr

1–7 of 21

1016, U-Bora Tower 1 (Residential) in numbers

Sold twice: first on 30 September 2013 for AED 1,235,000, last on 23 April 2024 for AED 1,125,000 (AED 1,138 per sqft).
Rented since November 2012 on 4 Ejari contracts, from AED 65,000 to AED 52,500 a year.
At AED 52,500 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 17,700 a year (AED 17.90 per sqft).
One-beds in U-Bora Tower 1 (Residential) sold for AED 1,100,000–1,310,000 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 23 April 2024.

Questions about 1016, U-Bora Tower 1 (Residential)

What did unit 1016 last sell for?

AED 1,125,000 on 23 April 2024: AED 1,138 per sqft for 988 sqft. The unit has 2 registered sales; the first was AED 1,235,000 in September 2013.

What is the rent for unit 1016?

AED 52,500 a year on the contract renewed on 21 December 2022. The previous contract, from December 2021, was AED 52,500; the unit has been rented since November 2012.

How big is unit 1016?

988 sqft (91.8 sqm): a one-bedroom apartment on the 10th floor of a 16-storey tower completed in 2011.

What is unit 1016 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in U-Bora Tower 1 (Residential) sold for AED 1,100,000 to 1,310,000 in the last 12 months, around AED 1,226 per sqft.

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Mortgage on 1016, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.13M, 23 April 2024). Switch to today's estimate once you have unlocked it.

Price: AED 1,125,000
Deposit, UAE resident (20%): AED 225,000
Deposit, non-resident (40%): AED 450,000
Monthly over 25 years at 3.7%: AED 4,603

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