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2-bed · 2,053 sqftU-Bora Tower 1 (Residential), Business Bay · 4th floor · completed 2011

412, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 412 · DLD and Ejari recordsUpdated 13 December 2023
Last soldAED 2.1M13 December 2023
Current rentAED 85K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 412, U-Bora Tower 1 (Residential)

What is 412 worth today?

Last sold for AED 2,100,000 in 2023

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13 Dec 2023SoldReady
AED 2,100,000AED 1,022 per sqft
15 Sep 2022RentedRenewal
AED 85,000/yr12 months · AED 42 per sqft
15 Sep 2021RentedRenewal
AED 77,000/yr12 months · AED 38 per sqft
15 Sep 2020RentedNew contract
AED 77,000/yr12 months · AED 37 per sqft
25 Aug 2018RentedNew contract
AED 120,000/yr12 months · AED 58 per sqft
24 Jul 2017RentedRenewal
AED 146,500/yr12 months · AED 71 per sqft
24 Jul 2016RentedRenewal
AED 153,000/yr12 months · AED 74 per sqft
24 Jul 2015RentedNew contract
AED 153,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 13 December 2023.

Key facts

Type
2-bed apartment
Size
2,053 sqft
Floor
4th of 16
Parking
P4-295
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 36,700 /yr
Last sold
AED 2.1M · December 2023
Building
U-Bora Tower 1 (Residential)

About 412, U-Bora Tower 1 (Residential)

412 is a two-bedroom apartment of 2,053 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 13 December 2023 for AED 2,100,000, or AED 1,022 per sqft, 3% above the AED 991 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 15 September 2022, is AED 85,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 36,700 a year.

Sales and rents for 412 over time

Sales
Unit 412, 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, November 2013: AED 2,545,720 (AED 1,239 per sqft)Sold, December 2023: AED 2,100,000 (AED 1,022 per sqft)

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

Rents
Unit 412, 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, July 2012: AED 95,000 a yearRenewal, July 2013: AED 100,000 a yearNew contract, July 2014: AED 160,000 a yearNew contract, July 2015: AED 153,000 a yearRenewal, July 2016: AED 153,000 a yearRenewal, July 2017: AED 146,500 a yearNew contract, August 2018: AED 120,000 a yearNew contract, September 2020: AED 77,000 a yearRenewal, September 2021: AED 77,000 a yearRenewal, September 2022: AED 85,000 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 412 sits

All 88 2-beds →

412 last sold in December 2023 at AED 1,022 per sqft, 3% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 991). 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. 412's AED 85,000 is at the bottom 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
4072-bedAED 2.63M · Feb 2014
1–7 of 15

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

  • Sold twice: first on 27 November 2013 for AED 2,545,720, last on 13 December 2023 for AED 2,100,000 (AED 1,022 per sqft).
  • Rented since July 2012 on 10 Ejari contracts. The rent fell from AED 95,000 to AED 77,000 in 2021 and recovered to AED 85,000 by September 2022.
  • At AED 85,000 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 36,700 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 13 December 2023.

Questions about 412, U-Bora Tower 1 (Residential)

What did unit 412 last sell for?

AED 2,100,000 on 13 December 2023: AED 1,022 per sqft for 2,053 sqft. The unit has 2 registered sales; the first was AED 2,545,720 in November 2013.

What is the rent for unit 412?

AED 85,000 a year on the contract renewed on 15 September 2022. The previous contract, from September 2021, was AED 77,000; the unit has been rented since July 2012.

How big is unit 412?

2,053 sqft (190.7 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2011.

What is unit 412 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 412, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.1M, 13 December 2023). 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 →