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2-bed · 1,913 sqftU-Bora Tower 1 (Residential), Business Bay · 16th floor · completed 2011

1601, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 2.22M20 May 2024
Current rentAED 130K /yr1 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, U-Bora Tower 1 (Residential)

What is 1601 worth today?

Last sold for AED 2,220,000 in 2024

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20 May 2024SoldReady
AED 2,220,000AED 1,160 per sqft
5 Jan 2021SoldReady
AED 1,525,000AED 797 per sqft
1 Dec 2017RentedRenewal
AED 130,000/yr12 months · AED 68 per sqft
1 Dec 2016RentedRenewal
AED 145,000/yr12 months · AED 76 per sqft
1 Jun 2016RentedRenewal
AED 145,000/yr6 months · AED 76 per sqft
1 Dec 2015RentedNew contract
AED 150,000/yr6 months · AED 78 per sqft
15 Jun 2014Sold by developerReady
AED 2,600,000AED 1,359 per sqft
1 Oct 2013RentedRenewal
AED 100,000/yr12 months · AED 52 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
2-bed apartment
Size
1,913 sqft
Floor
16th of 16
Parking
P4-243,244
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 34,200 /yr
Last sold
AED 2.22M · May 2024
Building
U-Bora Tower 1 (Residential)

About 1601, U-Bora Tower 1 (Residential)

1601 is a two-bedroom apartment of 1,913 sqft on the 16th 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 20 May 2024 for AED 2,220,000, or AED 1,160 per sqft, 12% above the AED 1,040 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 1 December 2017, is AED 130,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 34,200 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, 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, June 2014: AED 2,600,000 (AED 1,359 per sqft)Sold, January 2021: AED 1,525,000 (AED 797 per sqft)Sold, May 2024: AED 2,220,000 (AED 1,160 per sqft)

1601 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, 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, October 2012: AED 95,000 a yearRenewal, October 2013: AED 100,000 a yearNew contract, December 2015: AED 150,000 a yearRenewal, June 2016: AED 145,000 a yearRenewal, December 2016: AED 145,000 a yearRenewal, December 2017: AED 130,000 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 1601 sits

All 88 2-beds →

1601 last sold in May 2024 at AED 1,160 per sqft, 12% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,040). 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. 1601's AED 130,000 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 16th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
16022-bedAED 2.3M · Mar 2025
16032-bedAED 1.7M · Jan 2021

1601, U-Bora Tower 1 (Residential) in numbers

  • Sold 3 times: first on 15 June 2014 for AED 2,600,000, last on 20 May 2024 for AED 2,220,000 (AED 1,160 per sqft).
  • Rented since October 2012 on 6 Ejari contracts, from AED 95,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 34,200 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 20 May 2024.

Questions about 1601, U-Bora Tower 1 (Residential)

What did unit 1601 last sell for?

AED 2,220,000 on 20 May 2024: AED 1,160 per sqft for 1,913 sqft. The unit has 3 registered sales; the first was AED 2,600,000 in June 2014.

What is the rent for unit 1601?

AED 130,000 a year on the contract renewed on 1 December 2017. The previous contract, from December 2016, was AED 145,000; the unit has been rented since October 2012.

How big is unit 1601?

1,913 sqft (177.7 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2011.

What is unit 1601 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 1601, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.22M, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,220,000
Deposit, UAE resident (20%)
AED 444,000
Deposit, non-resident (40%)
AED 888,000
Monthly over 25 years at 3.7%
AED 9,083

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