1-bed · 1,429 sqftU-Bora Tower 1 (Residential), Business Bay · 3rd floor · completed 2011

306, U-Bora Tower 1 (Residential)

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

Unit 306 · DLD and Ejari recordsUpdated 14 April 2014
Last soldAED 1.74M14 April 2014
Current rentAED 69K /yr10 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, U-Bora Tower 1 (Residential)

What is 306 worth today?

Last sold for AED 1,736,235 in 2014

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14 Apr 2014Sold by developerReady
AED 1,736,235AED 1,214 per sqft
10 Oct 2013RentedRenewal
AED 68,500/yr12 months · AED 48 per sqft
10 Oct 2012RentedNew contract
AED 65,000/yr12 months · AED 45 per sqft

Source: Dubai Land Department. Updated 14 April 2014.

Key facts

Type
1-bed apartment
Size
1,429 sqft
Floor
3rd of 16
Parking
P4-047
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 25,600 /yr
Last sold
AED 1.74M · April 2014

About 306, U-Bora Tower 1 (Residential)

306 is a one-bedroom apartment of 1,429 sqft on the 3rd 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 14 April 2014 for AED 1,736,235, or AED 1,214 per sqft, 4% below the AED 1,260 one-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 10 October 2013, is AED 68,500 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 25,600 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, April 2014: AED 1,736,235 (AED 1,214 per sqft)

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

Rents
Unit 306, 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, October 2012: AED 65,000 a yearRenewal, October 2013: AED 68,500 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 306 sits

All 131 1-beds →

306 last sold in April 2014 at AED 1,214 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. 306's AED 68,500 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 →
Value
3011-bedAED 26K · Jul 2026
3021-bedAED 920K · Jan 2024
3031-bedAED 1.66M · Aug 2014
3041-bedAED 1.28M · Feb 2026
3051-bedAED 1.27M · Jun 2014
3072-bedAED 2.31M · Feb 2014
3082-bedAED 2.1M · Aug 2014
1–7 of 15

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

  • Sold once: by Bando Engineering & Construction Co on 14 April 2014 for AED 1,736,235, or AED 1,214 per sqft.
  • Rented since October 2012 on 2 Ejari contracts, from AED 65,000 to AED 68,500 a year.
  • At AED 68,500 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 25,600 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 14 April 2014.

Questions about 306, U-Bora Tower 1 (Residential)

What did unit 306 last sell for?

AED 1,736,235 on 14 April 2014, sold by the developer: AED 1,214 per sqft for 1,429 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 68,500 a year on the contract renewed on 10 October 2013. The previous contract, from October 2012, was AED 65,000.

How big is unit 306?

1,429 sqft (132.8 sqm): a one-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2011.

What is unit 306 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 306, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.74M, 14 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,736,235
Deposit, UAE resident (20%)
AED 347,247
Deposit, non-resident (40%)
AED 694,494
Monthly over 25 years at 3.7%
AED 7,103

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