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

314, U-Bora Tower 1 (Residential)

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

Unit 314 · DLD and Ejari recordsUpdated 10 August 2023
Last soldAED 1.28M30 January 2014
Current rentAED 75K /yr10 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 314, U-Bora Tower 1 (Residential)

What is 314 worth today?

Last sold for AED 1,278,750 in 2014

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10 Aug 2023RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
2 Sep 2022RentedNew contract
AED 65,000/yr7 months · AED 70 per sqft
15 May 2021RentedNew contract
AED 50,000/yr12 months · AED 54 per sqft
5 Dec 2019RentedRenewal
AED 70,000/yr12 months · AED 76 per sqft
5 Dec 2018RentedRenewal
AED 75,000/yr12 months · AED 81 per sqft
5 Dec 2017RentedNew contract
AED 80,000/yr12 months · AED 86 per sqft
15 Jul 2014RentedNew contract
AED 84,000/yr12 months · AED 91 per sqft
30 Jan 2014SoldReady
AED 1,278,750AED 1,374 per sqft

Source: Dubai Land Department. Updated 10 August 2023.

Key facts

Type
1-bed apartment
Size
930 sqft
Floor
3rd of 16
Parking
P4-153
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 16,600 /yr
Last sold
AED 1.28M · January 2014

About 314, U-Bora Tower 1 (Residential)

314 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 30 January 2014 for AED 1,278,750, or AED 1,374 per sqft, 10% above the AED 1,254 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 10 August 2023, is AED 75,000 a year: a gross yield of 5.9% on the 2014 price, before the service charge of about AED 16,600 a year.

Sales and rents for 314 over time

Sales
Unit 314, 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, January 2014: AED 1,278,750 (AED 1,374 per sqft)

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

Rents
Unit 314, 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 84,000 a yearNew contract, December 2017: AED 80,000 a yearRenewal, December 2018: AED 75,000 a yearRenewal, December 2019: AED 70,000 a yearNew contract, May 2021: AED 50,000 a yearNew contract, September 2022: AED 65,000 a yearNew contract, August 2023: AED 75,000 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 314 sits

All 131 1-beds →

314 last sold in January 2014 at AED 1,374 per sqft, 10% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,254). 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. 314's AED 75,000 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 →
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

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

  • Sold twice: first on 1 May 2013 for AED 1,139,144, last on 30 January 2014 for AED 1,278,750 (AED 1,374 per sqft).
  • Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 84,000 to AED 50,000 in 2021 and recovered to AED 75,000 by August 2023.
  • At AED 75,000 a year the gross yield on the 2014 price is 5.9%, 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 10 August 2023.

Questions about 314, U-Bora Tower 1 (Residential)

What did unit 314 last sell for?

AED 1,278,750 on 30 January 2014: AED 1,374 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 314?

AED 75,000 a year on the contract signed on 10 August 2023. The previous contract, from September 2022, was AED 65,000; the unit has been rented since July 2014.

How big is unit 314?

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

What is unit 314 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 314, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.28M, 30 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,278,750
Deposit, UAE resident (20%)
AED 255,750
Deposit, non-resident (40%)
AED 511,500
Monthly over 25 years at 3.7%
AED 5,232

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