1308, U-Bora Tower 1 (Residential)
Sold prices and rental history: sold once, by the developer in June 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1308, U-Bora Tower 1 (Residential)
What is 1308 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,205 sqft
- Floor
- 13th of 16
- Parking
- P4-227
- Developer
- Bando Engineering & Construction Co
- Completed
- 2011
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.91M · June 2014
- Building
- U-Bora Tower 1 (Residential)
About 1308, U-Bora Tower 1 (Residential)
1308 is a two-bedroom apartment of 2,205 sqft on the 13th 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 10 June 2014 for AED 2,910,600, or AED 1,320 per sqft, 6% above the AED 1,249 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 September 2024, is AED 108,000 a year: a gross yield of 3.7% on the 2014 price, before the service charge of about AED 39,500 a year.
Sales and rents for 1308 over time
1308 has sold once; the dashed line is the two-bed median of each year in the building.
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 1308 sits
All 88 2-beds →1308 last sold in June 2014 at AED 1,320 per sqft, 6% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,249). 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. 1308's AED 108,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,564 sqft | 2,065,000 | 1,320 | ||
| 12 May 202612 May 2026 | 3,499 sqft | 2,240,000 | 640 | ||
| 31 Mar 202631 March 2026 | 1,683 sqft | 2,300,000 | 1,366 | ||
| 18 Feb 202618 February 2026 | 1,564 sqft | 1,875,000 | 1,198 |
U-Bora Tower 1 (Residential)
Building225 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%
Other units on the 13th floor
All 225 units in U-Bora Tower 1 (Residential)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 2,057 sqft | AED 1.35MAED 1,350,000 · May 2016May 2016 | 137,000 /yr | |
| 1302 | 1-bed | 1,056 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 80,000 /yr | |
| 1303 | 2-bed | 1,975 sqft | AED 2.62MAED 2,620,985 · Dec 2012December 2012 | 110,250 /yr | |
| 1304 | 2-bed | 2,082 sqft | AED 3MAED 3,000,000 · Mar 2025March 2025 | 81,460 /yr | |
| 1305 | 2-bed | 2,083 sqft | AED 2.77MAED 2,770,390 · Mar 2014March 2014 | 120,000 /yr | |
| 1306 | 2-bed | 2,083 sqft | AED 2.74MAED 2,742,686 · May 2014May 2014 | 50,000 /yr | |
| 1307 | 2-bed | 1,504 sqft | AED 1.83MAED 1,825,000 · Dec 2017December 2017 | 130,000 /yr |
1308, U-Bora Tower 1 (Residential) in numbers
- Sold once: by Bando Engineering & Construction Co on 10 June 2014 for AED 2,910,600, or AED 1,320 per sqft.
- Rented since May 2013 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2021 and recovered to AED 108,000 by September 2024.
- At AED 108,000 a year the gross yield on the 2014 price is 3.7%, before a service charge of about AED 39,500 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 1 September 2024.
Questions about 1308, U-Bora Tower 1 (Residential)
What did unit 1308 last sell for?
AED 2,910,600 on 10 June 2014, sold by the developer: AED 1,320 per sqft for 2,205 sqft. It is the only registered sale of the unit.
What is the rent for unit 1308?
AED 108,000 a year on the contract signed on 1 September 2024. The previous contract, from September 2021, was AED 85,000; the unit has been rented since May 2013.
How big is unit 1308?
2,205 sqft (204.9 sqm): a two-bedroom apartment on the 13th floor of a 16-storey tower completed in 2011.
What is unit 1308 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 1308, U-Bora Tower 1 (Residential)
Starts from the last sale price (AED 2.91M, 10 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 2,910,600
- Deposit, UAE resident (20%)
- AED 582,120
- Deposit, non-resident (40%)
- AED 1,164,240
- Monthly over 25 years at 3.7%
- AED 11,908
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →