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2-bed · 1,966 sqftU-Bora Tower 1 (Residential), Business Bay · 4th floor · completed 2011

407, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 11 February 2018
Last soldAED 2.63M20 February 2014
Current rentAED 130K /yr11 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, U-Bora Tower 1 (Residential)

What is 407 worth today?

Last sold for AED 2,634,720 in 2014

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11 Feb 2018RentedNew contract
AED 130,000/yr12 months · AED 66 per sqft
10 Nov 2017RentedNew contract
AED 130,000/yr12 months · AED 66 per sqft
25 Jun 2016RentedRenewal
AED 150,000/yr12 months · AED 76 per sqft
25 Jun 2015RentedRenewal
AED 150,000/yr12 months · AED 76 per sqft
25 Jun 2014RentedNew contract
AED 150,000/yr12 months · AED 76 per sqft
20 Feb 2014SoldReady
AED 2,634,720AED 1,340 per sqft
25 Jun 2012RentedNew contract
AED 95,000/yr12 months · AED 48 per sqft
10 May 2009Sold by developerOff-plan
AED 2,634,720AED 1,340 per sqft

Source: Dubai Land Department. Updated 11 February 2018.

Key facts

Type
2-bed apartment
Size
1,966 sqft
Floor
4th of 16
Parking
P4-021
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 35,200 /yr
Last sold
AED 2.63M · February 2014
Building
U-Bora Tower 1 (Residential)

About 407, U-Bora Tower 1 (Residential)

407 is a two-bedroom apartment of 1,966 sqft on the 4th 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 20 February 2014 for AED 2,634,720, or AED 1,340 per sqft, 8% above the AED 1,240 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 11 February 2018, is AED 130,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 35,200 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, May 2009: AED 2,634,720 (AED 1,340 per sqft)Sold, February 2014: AED 2,634,720 (AED 1,340 per sqft)

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

Rents
Unit 407, 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 137,000New contract, June 2012: AED 95,000 a yearNew contract, June 2014: AED 150,000 a yearRenewal, June 2015: AED 150,000 a yearRenewal, June 2016: AED 150,000 a yearNew contract, November 2017: AED 130,000 a yearNew contract, February 2018: AED 130,000 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 407 sits

All 88 2-beds →

407 last sold in February 2014 at AED 1,340 per sqft, 8% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,240). 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. 407's AED 130,000 is in the lower half 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 4th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
4011-bedAED 880K · Dec 2024
4021-bedAED 996K · Sep 2013
4031-bedAED 1.3M · Nov 2024
4041-bedAED 1.28M · Nov 2013
4051-bedAED 1.24M · Sep 2013
4061-bedAED 1.66M · Apr 2014
4082-bedAED 1.92M · Dec 2013
1–7 of 15

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

  • Sold twice: first on 10 May 2009 for AED 2,634,720, last on 20 February 2014 for AED 2,634,720 (AED 1,340 per sqft).
  • Rented since June 2012 on 6 Ejari contracts, from AED 95,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 4.9%, before a service charge of about AED 35,200 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 11 February 2018.

Questions about 407, U-Bora Tower 1 (Residential)

What did unit 407 last sell for?

AED 2,634,720 on 20 February 2014: AED 1,340 per sqft for 1,966 sqft. The unit has 2 registered sales; the first was AED 2,634,720 in May 2009.

What is the rent for unit 407?

AED 130,000 a year on the contract signed on 11 February 2018. The previous contract, from November 2017, was AED 130,000; the unit has been rented since June 2012.

How big is unit 407?

1,966 sqft (182.6 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2011.

What is unit 407 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 407, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.63M, 20 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,634,720
Deposit, UAE resident (20%)
AED 526,944
Deposit, non-resident (40%)
AED 1,053,888
Monthly over 25 years at 3.7%
AED 10,779

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