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

108, U-Bora Tower 1 (Residential)

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

Unit 108 · DLD and Ejari recordsUpdated 24 November 2013
Last soldAED 938K24 November 2013
Current rentAED 80K /yr10 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 108, U-Bora Tower 1 (Residential)

What is 108 worth today?

Last sold for AED 938,400 in 2013

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24 Nov 2013Sold by developerReady
AED 938,400AED 600 per sqft
10 May 2013RentedNew contract
AED 80,000/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 24 November 2013.

Key facts

Type
2-bed apartment
Size
1,564 sqft
Floor
1st of 16
Parking
P4-001
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 28,000 /yr
Last sold
AED 938K · November 2013

About 108, U-Bora Tower 1 (Residential)

108 is a two-bedroom apartment of 1,564 sqft on the 1st 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 24 November 2013 for AED 938,400, or AED 600 per sqft, 51% below the AED 1,234 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 May 2013. The current contract, signed on 10 May 2013, is AED 80,000 a year: a gross yield of 8.5% on the 2013 price, before the service charge of about AED 28,000 a year.

Sales and rents for 108 over time

Sales
Unit 108, 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 938,400 (AED 600 per sqft)

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

Rents
Unit 108, 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 80,000 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 108 sits

All 88 2-beds →

108 last sold in November 2013 at AED 600 per sqft, 51% below what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,234). 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. 108's AED 80,000 is at the bottom 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 →
Value
1011-bedAED 1.45M · Apr 2017
1021-bedAED 1.1M · Aug 2026
1031-bedAED 1.2M · Jan 2016
1041-bedAED 1.65M · Jul 2025
1052-bedAED 1.2M · Jan 2021
1062-bedAED 1.26M · May 2022
1072-bedAED 1.29M · May 2022
1–7 of 8

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

  • Sold once: by Bando Engineering & Construction Co on 24 November 2013 for AED 938,400, or AED 600 per sqft.
  • Rented since May 2013 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2013 price is 8.5%, 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 24 November 2013.

Questions about 108, U-Bora Tower 1 (Residential)

What did unit 108 last sell for?

AED 938,400 on 24 November 2013, sold by the developer: AED 600 per sqft for 1,564 sqft. It is the only registered sale of the unit.

What is the rent for unit 108?

AED 80,000 a year on the contract signed on 10 May 2013.

How big is unit 108?

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

What is unit 108 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 108, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 938K, 24 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 938,400
Deposit, UAE resident (20%)
AED 187,680
Deposit, non-resident (40%)
AED 375,360
Monthly over 25 years at 3.7%
AED 3,839

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