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1-bed · 930 sqftU-Bora Tower 1 (Residential), Business Bay · 4th floor · completed 2011

416, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in July 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 26 July 2021
Last soldAED 723K26 July 2021
Current rentAED 50K /yr22 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 416, U-Bora Tower 1 (Residential)

What is 416 worth today?

Last sold for AED 723,243 in 2021

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26 Jul 2021SoldReady
AED 723,243AED 777 per sqft
22 Nov 2020RentedRenewal
AED 50,000/yr6 months · AED 54 per sqft
22 May 2020RentedNew contract
AED 60,000/yr6 months · AED 65 per sqft
14 Nov 2018RentedNew contract
AED 70,000/yr12 months · AED 76 per sqft
10 Feb 2016RentedRenewal
AED 100,000/yr12 months · AED 108 per sqft
10 Feb 2015RentedNew contract
AED 100,000/yr12 months · AED 108 per sqft
4 Sep 2013Sold by developerReady
AED 1,116,000AED 1,199 per sqft
15 Jan 2013RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 26 July 2021.

Key facts

Type
1-bed apartment
Size
930 sqft
Floor
4th of 16
Parking
P4-025
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 16,600 /yr
Last sold
AED 723K · July 2021
Building
U-Bora Tower 1 (Residential)

About 416, U-Bora Tower 1 (Residential)

416 is a one-bedroom apartment of 930 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 26 July 2021 for AED 723,243, or AED 777 per sqft, 4% above the AED 748 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 22 November 2020, is AED 50,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 16,600 a year.

Sales and rents for 416 over time

Sales
Unit 416, 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, September 2013: AED 1,116,000 (AED 1,199 per sqft)Sold, July 2021: AED 723,243 (AED 777 per sqft)

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

Rents
Unit 416, 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, January 2013: AED 60,000 a yearNew contract, February 2015: AED 100,000 a yearRenewal, February 2016: AED 100,000 a yearNew contract, November 2018: AED 70,000 a yearNew contract, May 2020: AED 60,000 a yearRenewal, November 2020: 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 416 sits

All 131 1-beds →

416 last sold in July 2021 at AED 777 per sqft, 4% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 748). 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. 416'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 →

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

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

  • Sold twice: first on 4 September 2013 for AED 1,116,000, last on 26 July 2021 for AED 723,243 (AED 777 per sqft).
  • Rented since January 2013 on 6 Ejari contracts, from AED 60,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 6.9%, 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 26 July 2021.

Questions about 416, U-Bora Tower 1 (Residential)

What did unit 416 last sell for?

AED 723,243 on 26 July 2021: AED 777 per sqft for 930 sqft. The unit has 2 registered sales; the first was AED 1,116,000 in September 2013.

What is the rent for unit 416?

AED 50,000 a year on the contract renewed on 22 November 2020. The previous contract, from May 2020, was AED 60,000; the unit has been rented since January 2013.

How big is unit 416?

930 sqft (86.4 sqm): a one-bedroom apartment on the 4th floor of a 16-storey tower completed in 2011.

What is unit 416 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 416, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 723K, 26 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 723,243
Deposit, UAE resident (20%)
AED 144,649
Deposit, non-resident (40%)
AED 289,297
Monthly over 25 years at 3.7%
AED 2,959

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