1-bed · 930 sqftU-Bora Tower 1 (Residential), Business Bay · 3rd floor · completed 2011

313, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 313 · DLD and Ejari recordsUpdated 24 August 2023
Last soldAED 900K24 August 2023
Current rentAED 50K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 313, U-Bora Tower 1 (Residential)

What is 313 worth today?

Last sold for AED 900,000 in 2023

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24 Aug 2023SoldReady
AED 900,000AED 967 per sqft
1 Dec 2022RentedRenewal
AED 50,000/yr12 months · AED 54 per sqft
1 Dec 2021RentedRenewal
AED 50,000/yr12 months · AED 54 per sqft
1 Dec 2020RentedNew contract
AED 50,000/yr12 months · AED 54 per sqft
1 Oct 2018RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
29 Sep 2017RentedRenewal
AED 90,000/yr12 months · AED 97 per sqft
29 Sep 2016RentedNew contract
AED 90,000/yr12 months · AED 97 per sqft
29 Sep 2015RentedNew contract
AED 90,000/yr12 months · AED 97 per sqft

Source: Dubai Land Department. Updated 24 August 2023.

Key facts

Type
1-bed apartment
Size
930 sqft
Floor
3rd of 16
Parking
P4-152
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 16,600 /yr
Last sold
AED 900K · August 2023

About 313, U-Bora Tower 1 (Residential)

313 is a one-bedroom apartment of 930 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 24 August 2023 for AED 900,000, or AED 967 per sqft, 5% above the AED 921 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 December 2022, is AED 50,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 16,600 a year.

Sales and rents for 313 over time

Sales
Unit 313, 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 by developer, May 2013: AED 1,139,144 (AED 1,224 per sqft)Sold, August 2023: AED 900,000 (AED 967 per sqft)

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

Rents
Unit 313, 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, July 2014: AED 77,000 a yearNew contract, September 2015: AED 90,000 a yearNew contract, September 2016: AED 90,000 a yearRenewal, September 2017: AED 90,000 a yearNew contract, October 2018: AED 75,000 a yearNew contract, December 2020: AED 50,000 a yearRenewal, December 2021: AED 50,000 a yearRenewal, December 2022: AED 50,000 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 313 sits

All 131 1-beds →

313 last sold in August 2023 at AED 967 per sqft, 5% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 921). 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. 313's AED 50,000 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
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

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

  • Sold twice: first on 1 May 2013 for AED 1,139,144, last on 24 August 2023 for AED 900,000 (AED 967 per sqft).
  • Rented since July 2014 on 8 Ejari contracts, from AED 77,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 16,600 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 24 August 2023.

Questions about 313, U-Bora Tower 1 (Residential)

What did unit 313 last sell for?

AED 900,000 on 24 August 2023: AED 967 per sqft for 930 sqft. The unit has 2 registered sales; the first was AED 1,139,144 in May 2013.

What is the rent for unit 313?

AED 50,000 a year on the contract renewed on 1 December 2022. The previous contract, from December 2021, was AED 50,000; the unit has been rented since July 2014.

How big is unit 313?

930 sqft (86.4 sqm): a one-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2011.

What is unit 313 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 313, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 900K, 24 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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