1602, U-Bora Tower 1 (Residential)
Sold prices and rental history: sold 3 times, last in March 2025, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, U-Bora Tower 1 (Residential)
What is 1602 worth today?
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Source: Dubai Land Department. Updated 25 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,418 sqft
- Floor
- 16th of 16
- Parking
- P4-223
- Developer
- Bando Engineering & Construction Co
- Completed
- 2011
- Service charge
- AED 25,400 /yr
- Last sold
- AED 2.3M · March 2025
- Building
- U-Bora Tower 1 (Residential)
About 1602, U-Bora Tower 1 (Residential)
1602 is a two-bedroom apartment of 1,418 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 14 March 2025 for AED 2,300,000, or AED 1,621 per sqft, 44% above the AED 1,129 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 25 February 2026, is AED 175,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 25,400 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 1602 sits
All 88 2-beds →1602 last sold in March 2025 at AED 1,621 per sqft, 44% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,129). 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. 1602's AED 175,000 is in the upper half 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 16th floor
All 225 units in U-Bora Tower 1 (Residential)1602, U-Bora Tower 1 (Residential) in numbers
- Sold 3 times: first on 27 January 2014 for AED 2,084,460, last on 14 March 2025 for AED 2,300,000 (AED 1,621 per sqft).
- Rented since November 2012 on 11 Ejari contracts, from AED 98,000 to AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 25,400 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 25 February 2026.
Questions about 1602, U-Bora Tower 1 (Residential)
What did unit 1602 last sell for?
AED 2,300,000 on 14 March 2025: AED 1,621 per sqft for 1,418 sqft. The unit has 3 registered sales; the first was AED 2,084,460 in January 2014.
What is the rent for unit 1602?
AED 175,000 a year on the contract signed on 25 February 2026. The previous contract, from November 2023, was AED 180,000; the unit has been rented since November 2012.
How big is unit 1602?
1,418 sqft (131.7 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2011.
What is unit 1602 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 1602, U-Bora Tower 1 (Residential)
Starts from the last sale price (AED 2.3M, 14 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →