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1-bed · 1,038 sqftU-Bora Tower 1 (Residential), Business Bay · 2nd floor · completed 2011

204, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.06M6 June 2024
Current rentAED 93K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, U-Bora Tower 1 (Residential)

What is 204 worth today?

Last sold for AED 1,060,000 in 2024

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1 Aug 2024RentedNew contract
AED 93,000/yr12 months · AED 90 per sqft
6 Jun 2024SoldReady
AED 1,060,000AED 1,021 per sqft
1 Aug 2023RentedNew contract
AED 77,000/yr12 months · AED 75 per sqft
1 Oct 2022RentedRenewal
AED 60,500/yr12 months · AED 59 per sqft
1 Oct 2021RentedRenewal
AED 55,000/yr12 months · AED 53 per sqft
1 Sep 2020RentedNew contract
AED 55,000/yr13 months · AED 53 per sqft
20 May 2018RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft
6 Dec 2016RentedRenewal
AED 95,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
1,038 sqft
Floor
2nd of 16
Parking
P4-049
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 18,600 /yr
Last sold
AED 1.06M · June 2024
Building
U-Bora Tower 1 (Residential)

About 204, U-Bora Tower 1 (Residential)

204 is a one-bedroom apartment of 1,038 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. It last sold on 6 June 2024 for AED 1,060,000, or AED 1,021 per sqft, in line with the AED 1,050 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 1 August 2024, is AED 93,000 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 18,600 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical one-bed in U-Bora Tower 1 (Residential)
1M2009201420192024Typical 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, September 2011: AED 675,000 (AED 650 per sqft)Sold by developer, September 2011: AED 1,196,036 (AED 1,152 per sqft)Sold, June 2024: AED 1,060,000 (AED 1,021 per sqft)

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

Rents
Unit 204, each contractTypical one-bed in U-Bora Tower 1 (Residential)
50K75K100K2012201620202024Typical 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, December 2015: AED 106,000 a yearRenewal, December 2016: AED 95,000 a yearNew contract, May 2018: AED 80,000 a yearNew contract, September 2020: AED 55,000 a yearRenewal, October 2021: AED 55,000 a yearRenewal, October 2022: AED 60,500 a yearNew contract, August 2023: AED 77,000 a yearNew contract, August 2024: AED 93,000 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 204 sits

All 131 1-beds →

204 last sold in June 2024 at AED 1,021 per sqft, in line with what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,050). 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. 204's AED 93,000 is in the lower half 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 →

Other units on the 2nd floor

All 225 units in U-Bora Tower 1 (Residential)
Value
2011-bedAED 880K · Nov 2022
2021-bedAED 960K · Oct 2025
2031-bedAED 1.56M · Mar 2014
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

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

  • Sold 3 times: first on 19 September 2011 for AED 1,196,036, last on 6 June 2024 for AED 1,060,000 (AED 1,021 per sqft).
  • Rented since December 2015 on 8 Ejari contracts. The rent fell from AED 106,000 to AED 55,000 in 2021 and recovered to AED 93,000 by August 2024.
  • At AED 93,000 a year the gross yield on the 2024 price is 8.8%, before a service charge of about AED 18,600 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 1 August 2024.

Questions about 204, U-Bora Tower 1 (Residential)

What did unit 204 last sell for?

AED 1,060,000 on 6 June 2024: AED 1,021 per sqft for 1,038 sqft. The unit has 3 registered sales; the first was AED 1,196,036 in September 2011.

What is the rent for unit 204?

AED 93,000 a year on the contract signed on 1 August 2024. The previous contract, from August 2023, was AED 77,000; the unit has been rented since December 2015.

How big is unit 204?

1,038 sqft (96.4 sqm): a one-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2011.

What is unit 204 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.

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Mortgage on 204, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.06M, 6 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,060,000
Deposit, UAE resident (20%)
AED 212,000
Deposit, non-resident (40%)
AED 424,000
Monthly over 25 years at 3.7%
AED 4,337

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