1-bed · 989 sqftU-Bora Tower 1 (Residential), Business Bay · 10th floor · completed 2011

1017, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1017 · DLD and Ejari recordsUpdated 24 February 2022
Last soldAED 1.24M3 December 2013
Current rentAED 65K /yr24 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1017, U-Bora Tower 1 (Residential)

What is 1017 worth today?

Last sold for AED 1,236,250 in 2013

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24 Feb 2022RentedRenewal
AED 65,000/yr12 months · AED 66 per sqft
24 Feb 2021RentedRenewal
AED 60,000/yr12 months · AED 61 per sqft
24 Feb 2020RentedRenewal
AED 75,000/yr12 months · AED 76 per sqft
24 Feb 2019RentedRenewal
AED 80,000/yr12 months · AED 81 per sqft
24 Feb 2018RentedNew contract
AED 95,000/yr12 months · AED 96 per sqft
24 Feb 2017RentedRenewal
AED 94,438/yr12 months · AED 95 per sqft
24 Feb 2016RentedRenewal
AED 95,000/yr12 months · AED 96 per sqft
24 Feb 2015RentedNew contract
AED 95,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 24 February 2022.

Key facts

Type
1-bed apartment
Size
989 sqft
Floor
10th of 16
Parking
P4-195
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 17,700 /yr
Last sold
AED 1.24M · December 2013

About 1017, U-Bora Tower 1 (Residential)

1017 is a one-bedroom apartment of 989 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 3 December 2013 for AED 1,236,250, or AED 1,250 per sqft, in line with the AED 1,250 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 24 February 2022, is AED 65,000 a year: a gross yield of 5.3% on the 2013 price, before the service charge of about AED 17,700 a year.

Sales and rents for 1017 over time

Sales
Unit 1017, each saleTypical one-bed in U-Bora Tower 1 (Residential)
1M2009201420192024Typical sale price by year: 2009 AED 1,307,130; 2011 AED 1,279,641; 2012 AED 991,936; 2013 AED 1,185,600; 2014 AED 1,361,441; 2015 AED 1,270,000; 2016 AED 1,150,000; 2017 AED 1,250,000; 2019 AED 790,000; 2020 AED 725,000; 2021 AED 723,243; 2022 AED 800,000; 2023 AED 850,000; 2024 AED 1,100,000; 2025 AED 1,190,000; 2026 AED 1,250,000Sold by developer, December 2013: AED 1,236,250 (AED 1,250 per sqft)

1017 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1017, each contractTypical one-bed in U-Bora Tower 1 (Residential)
60K80K100K2012201620202024Typical rent by year: 2012 AED 58,000; 2013 AED 60,000; 2014 AED 85,000; 2015 AED 95,000; 2016 AED 91,000; 2017 AED 90,000; 2018 AED 79,763; 2019 AED 68,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 85,500New contract, August 2012: AED 58,000 a yearRenewal, August 2013: AED 60,900 a yearNew contract, February 2015: AED 95,000 a yearRenewal, February 2016: AED 95,000 a yearRenewal, February 2017: AED 94,438 a yearNew contract, February 2018: AED 95,000 a yearRenewal, February 2019: AED 80,000 a yearRenewal, February 2020: AED 75,000 a yearRenewal, February 2021: AED 60,000 a yearRenewal, February 2022: AED 65,000 a year

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 1017 sits

All 131 1-beds →

1017 last sold in December 2013 at AED 1,250 per sqft, in line with what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,250). 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. 1017's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20261,100,000
10 Aug 20261,150,000
29 Jul 20261,250,000
24 Jul 202626,133
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 →
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
10072-bedAED 2.02M · Nov 2013
10082-bedAED 2M · Dec 2013
1–7 of 21

1017, U-Bora Tower 1 (Residential) in numbers

  • Sold once: by Bando Engineering & Construction Co on 3 December 2013 for AED 1,236,250, or AED 1,250 per sqft.
  • Rented since August 2012 on 10 Ejari contracts, from AED 58,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2013 price is 5.3%, 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 24 February 2022.

Questions about 1017, U-Bora Tower 1 (Residential)

What did unit 1017 last sell for?

AED 1,236,250 on 3 December 2013, sold by the developer: AED 1,250 per sqft for 989 sqft. It is the only registered sale of the unit.

What is the rent for unit 1017?

AED 65,000 a year on the contract renewed on 24 February 2022. The previous contract, from February 2021, was AED 60,000; the unit has been rented since August 2012.

How big is unit 1017?

989 sqft (91.9 sqm): a one-bedroom apartment on the 10th floor of a 16-storey tower completed in 2011.

What is unit 1017 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 1017, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.24M, 3 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,236,250
Deposit, UAE resident (20%)
AED 247,250
Deposit, non-resident (40%)
AED 494,500
Monthly over 25 years at 3.7%
AED 5,058

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