1-bed · 1,294 sqftU-Bora Tower 1 (Residential), Business Bay · 2nd floor · completed 2011

203, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 3 July 2020
Last soldAED 1.56M5 March 2014
Current rentAED 59K /yr3 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, U-Bora Tower 1 (Residential)

What is 203 worth today?

Last sold for AED 1,560,000 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Jul 2020RentedRenewal
AED 59,000/yr14 months · AED 46 per sqft
3 Jul 2019RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
18 Dec 2017RentedNew contract
AED 86,000/yr12 months · AED 67 per sqft
5 Mar 2014Sold by developerReady
AED 1,560,000AED 1,205 per sqft
7 May 2013RentedRenewal
AED 60,900/yr12 months · AED 47 per sqft
7 May 2012RentedNew contract
AED 58,000/yr12 months · AED 45 per sqft

Source: Dubai Land Department. Updated 3 July 2020.

Key facts

Type
1-bed apartment
Size
1,294 sqft
Floor
2nd of 16
Parking
P4-048
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 23,200 /yr
Last sold
AED 1.56M · March 2014

About 203, U-Bora Tower 1 (Residential)

203 is a one-bedroom apartment of 1,294 sqft on the 2nd 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 5 March 2014 for AED 1,560,000, or AED 1,205 per sqft, 4% below the AED 1,260 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 3 July 2020, is AED 59,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 23,200 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical one-bed in U-Bora Tower 1 (Residential)
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,307,130; 2011 AED 1,279,641; 2012 AED 991,936; 2013 AED 1,185,600; 2014 AED 1,361,441; 2015 AED 1,270,000; 2016 AED 1,150,000; 2017 AED 1,250,000; 2019 AED 790,000; 2020 AED 725,000; 2021 AED 723,243; 2022 AED 800,000; 2023 AED 850,000; 2024 AED 1,100,000; 2025 AED 1,190,000; 2026 AED 1,250,000Sold by developer, March 2014: AED 1,560,000 (AED 1,205 per sqft)

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

Rents
Unit 203, each contractTypical one-bed in U-Bora Tower 1 (Residential)
60K80K100K2012201620202024Typical rent by year: 2012 AED 58,000; 2013 AED 60,000; 2014 AED 85,000; 2015 AED 95,000; 2016 AED 91,000; 2017 AED 90,000; 2018 AED 79,763; 2019 AED 68,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 85,500New contract, May 2012: AED 58,000 a yearRenewal, May 2013: AED 60,900 a yearNew contract, December 2017: AED 86,000 a yearNew contract, July 2019: AED 70,000 a yearRenewal, July 2020: AED 59,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in U-Bora Tower 1 (Residential), and where 203 sits

All 131 1-beds →

203 last sold in March 2014 at AED 1,205 per sqft, 4% below what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,260). Over the last 12 months one-beds sold for AED 1,100,000 to 1,310,000, around AED 1,226 per sqft, and rent for AED 63,000 to 130,000 a year. 203's AED 59,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20261,100,000
10 Aug 20261,150,000
29 Jul 20261,250,000
24 Jul 202626,133
11 1-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
2011-bedAED 880K · Nov 2022
2021-bedAED 960K · Oct 2025
2041-bedAED 1.06M · Jun 2024
2051-bedAED 1.13M · Nov 2024
2061-bedAED 1.22M · Jun 2023
2072-bedAED 1.94M · Dec 2024
2082-bedAED 1.23M · Sep 2022
1–7 of 15

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

  • Sold once: by Bando Engineering & Construction Co on 5 March 2014 for AED 1,560,000, or AED 1,205 per sqft.
  • Rented since May 2012 on 5 Ejari contracts, from AED 58,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 23,200 a year (AED 17.90 per sqft).
  • One-beds in U-Bora Tower 1 (Residential) sold for AED 1,100,000–1,310,000 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 3 July 2020.

Questions about 203, U-Bora Tower 1 (Residential)

What did unit 203 last sell for?

AED 1,560,000 on 5 March 2014, sold by the developer: AED 1,205 per sqft for 1,294 sqft. It is the only registered sale of the unit.

What is the rent for unit 203?

AED 59,000 a year on the contract renewed on 3 July 2020. The previous contract, from July 2019, was AED 70,000; the unit has been rented since May 2012.

How big is unit 203?

1,294 sqft (120.2 sqm): a one-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2011.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in U-Bora Tower 1 (Residential) sold for AED 1,100,000 to 1,310,000 in the last 12 months, around AED 1,226 per sqft.

Selling 203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 203, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.56M, 5 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,560,000
Deposit, UAE resident (20%)
AED 312,000
Deposit, non-resident (40%)
AED 624,000
Monthly over 25 years at 3.7%
AED 6,382

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