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2-bed · 1,551 sqftU-Bora Tower 1 (Residential), Business Bay · 2nd floor · completed 2011

208, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 22 September 2022
Last soldAED 1.23M22 September 2022
Current rentAED 65K /yr1 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208, U-Bora Tower 1 (Residential)

What is 208 worth today?

Last sold for AED 1,225,000 in 2022

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22 Sep 2022SoldReady
AED 1,225,000AED 789 per sqft
1 Jan 2021RentedNew contract
AED 65,000/yr12 months · AED 42 per sqft
10 Oct 2017RentedNew contract
AED 120,000/yr12 months · AED 77 per sqft
30 Dec 2013Sold by developerReady
AED 1,892,220AED 1,220 per sqft
20 Jun 2013RentedRenewal
AED 76,000/yr12 months · AED 49 per sqft
20 Jun 2012RentedNew contract
AED 72,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 22 September 2022.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
2nd of 16
Parking
P4-027
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 27,800 /yr
Last sold
AED 1.23M · September 2022
Building
U-Bora Tower 1 (Residential)

About 208, U-Bora Tower 1 (Residential)

208 is a two-bedroom apartment of 1,551 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 22 September 2022 for AED 1,225,000, or AED 789 per sqft, 4% below the AED 825 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 January 2021, is AED 65,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 27,800 a year.

Sales and rents for 208 over time

Sales
Unit 208, 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, December 2013: AED 1,892,220 (AED 1,220 per sqft)Sold, September 2022: AED 1,225,000 (AED 789 per sqft)

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

Rents
Unit 208, each contractTypical two-bed in U-Bora Tower 1 (Residential)
50K100K150K2012201620202024Typical 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, June 2012: AED 72,000 a yearRenewal, June 2013: AED 76,000 a yearNew contract, October 2017: AED 120,000 a yearNew contract, January 2021: AED 65,000 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 208 sits

All 88 2-beds →

208 last sold in September 2022 at AED 789 per sqft, 4% below what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 825). 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. 208's AED 65,000 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 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
2041-bedAED 1.06M · Jun 2024
2051-bedAED 1.13M · Nov 2024
2061-bedAED 1.22M · Jun 2023
2072-bedAED 1.94M · Dec 2024
1–7 of 15

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

  • Sold twice: first on 30 December 2013 for AED 1,892,220, last on 22 September 2022 for AED 1,225,000 (AED 789 per sqft).
  • Rented since June 2012 on 4 Ejari contracts, from AED 72,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2022 price is 5.3%, before a service charge of about AED 27,800 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 22 September 2022.

Questions about 208, U-Bora Tower 1 (Residential)

What did unit 208 last sell for?

AED 1,225,000 on 22 September 2022: AED 789 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 1,892,220 in December 2013.

What is the rent for unit 208?

AED 65,000 a year on the contract signed on 1 January 2021. The previous contract, from October 2017, was AED 120,000; the unit has been rented since June 2012.

How big is unit 208?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2011.

What is unit 208 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 208, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.23M, 22 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,000
Deposit, UAE resident (20%)
AED 245,000
Deposit, non-resident (40%)
AED 490,000
Monthly over 25 years at 3.7%
AED 5,012

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