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2-bed · 2,436 sqftU-Bora Tower 1 (Residential), Business Bay · 16th floor · completed 2011

1603, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in January 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 17 February 2024
Last soldAED 1.7M24 January 2021
Current rentAED 40K /yr17 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, U-Bora Tower 1 (Residential)

What is 1603 worth today?

Last sold for AED 1,700,000 in 2021

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17 Feb 2024RentedNew contract · flagged as an outlier
AED 40,000/yr36 months · AED 16 per sqft
23 Jan 2024RentedNew contract · flagged as an outlier
AED 35,000/yr24 months · AED 14 per sqft
24 Jan 2021SoldReady
AED 1,700,000AED 697 per sqft
6 Jul 2019RentedNew contract
AED 140,000/yr12 months · AED 58 per sqft
25 Jun 2016RentedNew contract
AED 174,033/yr12 months · AED 72 per sqft
22 Jun 2015RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
25 May 2014RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
24 Mar 2014Sold by developerReady
AED 1,674,750AED 687 per sqft

Source: Dubai Land Department. Updated 17 February 2024.

Key facts

Type
2-bed apartment
Size
2,436 sqft
Floor
16th of 16
Parking
P4-224, P4-148
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 43,600 /yr
Last sold
AED 1.7M · January 2021
Building
U-Bora Tower 1 (Residential)

About 1603, U-Bora Tower 1 (Residential)

1603 is a two-bedroom apartment of 2,436 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 24 January 2021 for AED 1,700,000, or AED 697 per sqft, in line with the AED 697 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 17 February 2024, is AED 40,000 a year: a gross yield of 2.4% on the 2021 price, before the service charge of about AED 43,600 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, 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, March 2014: AED 1,674,750 (AED 687 per sqft)Sold, January 2021: AED 1,700,000 (AED 697 per sqft)

1603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, 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 135,000 a yearNew contract, May 2013: AED 150,000 a yearNew contract, May 2014: AED 150,000 a yearNew contract, June 2015: AED 180,000 a yearNew contract, June 2016: AED 174,033 a yearNew contract, July 2019: AED 140,000 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 1603 sits

All 88 2-beds →

1603 last sold in January 2021 at AED 697 per sqft, in line with what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 697). 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. 1603's AED 40,000 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 →

Other units on the 16th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
16012-bedAED 2.22M · May 2024
16022-bedAED 2.3M · Mar 2025

1603, U-Bora Tower 1 (Residential) in numbers

  • Sold twice: first on 24 March 2014 for AED 1,674,750, last on 24 January 2021 for AED 1,700,000 (AED 697 per sqft).
  • Rented since October 2012 on 8 Ejari contracts. The rent fell from AED 135,000 to AED 35,000 in 2024 and recovered to AED 40,000 by February 2024.
  • At AED 40,000 a year the gross yield on the 2021 price is 2.4%, before a service charge of about AED 43,600 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 17 February 2024.

Questions about 1603, U-Bora Tower 1 (Residential)

What did unit 1603 last sell for?

AED 1,700,000 on 24 January 2021: AED 697 per sqft for 2,436 sqft. The unit has 2 registered sales; the first was AED 1,674,750 in March 2014.

What is the rent for unit 1603?

AED 40,000 a year on the contract signed on 17 February 2024. The previous contract, from January 2024, was AED 35,000; the unit has been rented since October 2012.

How big is unit 1603?

2,436 sqft (226.3 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2011.

What is unit 1603 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 1603, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.7M, 24 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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