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2-bed · 1,333 sqftU-Bora Tower 1 (Residential), Business Bay · 3rd floor · completed 2011

308, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in August 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 26 August 2014
Last soldAED 2.1M26 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, U-Bora Tower 1 (Residential)

What is 308 worth today?

Last sold for AED 2,100,000 in 2014

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26 Aug 2014SoldReady
AED 2,100,000AED 1,575 per sqft
7 Jul 2013Sold by developerReady
AED 1,522,323AED 1,142 per sqft

Source: Dubai Land Department. Updated 26 August 2014.

Key facts

Type
2-bed apartment
Size
1,333 sqft
Floor
3rd of 16
Parking
P4-238
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 23,900 /yr
Last sold
AED 2.1M · August 2014
Building
U-Bora Tower 1 (Residential)

About 308, U-Bora Tower 1 (Residential)

308 is a two-bedroom apartment of 1,333 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. It last sold on 26 August 2014 for AED 2,100,000, or AED 1,575 per sqft, 26% above the AED 1,250 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 308 over time

Sales
Unit 308, 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, July 2013: AED 1,522,323 (AED 1,142 per sqft)Sold, August 2014: AED 2,100,000 (AED 1,575 per sqft)

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

Rents
Unit 308, 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 137,000

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 308 sits

All 88 2-beds →

308 last sold in August 2014 at AED 1,575 per sqft, 26% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,250). 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.

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 3rd floor

All 225 units in U-Bora Tower 1 (Residential)
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
3061-bedAED 1.74M · Apr 2014
3072-bedAED 2.31M · Feb 2014
1–7 of 15

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

  • Sold twice: first on 7 July 2013 for AED 1,522,323, last on 26 August 2014 for AED 2,100,000 (AED 1,575 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 26 August 2014.

Questions about 308, U-Bora Tower 1 (Residential)

What did unit 308 last sell for?

AED 2,100,000 on 26 August 2014: AED 1,575 per sqft for 1,333 sqft. The unit has 2 registered sales; the first was AED 1,522,323 in July 2013.

How big is unit 308?

1,333 sqft (123.8 sqm): a two-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2011.

What is unit 308 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 308, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.1M, 26 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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