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1-bed · 714 sqftU-Bora Tower 1 (Residential), Business Bay · 5th floor · completed 2011

502, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in June 2014, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 31 July 2021
Last soldAED 1.04M4 June 2014
Current rentAED 52K /yr31 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, U-Bora Tower 1 (Residential)

What is 502 worth today?

Last sold for AED 1,035,830 in 2014

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31 Jul 2021RentedNew contract
AED 52,000/yr12 months · AED 73 per sqft
7 Nov 2019RentedNew contract
AED 60,000/yr12 months · AED 84 per sqft
25 Sep 2016RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
4 Jun 2014Sold by developerReady
AED 1,035,830AED 1,450 per sqft

Source: Dubai Land Department. Updated 31 July 2021.

Key facts

Type
1-bed apartment
Size
714 sqft
Floor
5th of 16
Parking
P4-057
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 12,800 /yr
Last sold
AED 1.04M · June 2014
Building
U-Bora Tower 1 (Residential)

About 502, U-Bora Tower 1 (Residential)

502 is a one-bedroom apartment of 714 sqft on the 5th floor of U-Bora Tower 1 (Residential), a 16-storey tower in Business Bay completed in 2011 by Bando Engineering & Construction Co. The developer sold it on 4 June 2014 for AED 1,035,830, or AED 1,450 per sqft, 14% above the AED 1,269 one-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 31 July 2021, is AED 52,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 12,800 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, June 2014: AED 1,035,830 (AED 1,450 per sqft)

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

Rents
Unit 502, each contractTypical one-bed in U-Bora Tower 1 (Residential)
60K80K100K2012201620202024Typical 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, September 2016: AED 75,000 a yearNew contract, November 2019: AED 60,000 a yearNew contract, July 2021: AED 52,000 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 502 sits

All 131 1-beds →

502 last sold in June 2014 at AED 1,450 per sqft, 14% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,269). 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. 502's AED 52,000 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 5th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
5011-bedAED 770K · Oct 2022
5031-bedAED 1.6M · Aug 2014
5041-bedAED 1.29M · Jan 2014
5051-bedAED 1.36M · Apr 2014
5061-bedAED 1.23M · Jan 2025
5072-bedAED 2.44M · Dec 2013
5082-bedAED 1.9M · Oct 2024
1–7 of 15

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

  • Sold once: by Bando Engineering & Construction Co on 4 June 2014 for AED 1,035,830, or AED 1,450 per sqft.
  • Rented since September 2016 on 3 Ejari contracts, from AED 75,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 12,800 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 31 July 2021.

Questions about 502, U-Bora Tower 1 (Residential)

What did unit 502 last sell for?

AED 1,035,830 on 4 June 2014, sold by the developer: AED 1,450 per sqft for 714 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 52,000 a year on the contract signed on 31 July 2021. The previous contract, from November 2019, was AED 60,000; the unit has been rented since September 2016.

How big is unit 502?

714 sqft (66.3 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2011.

What is unit 502 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 502, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.04M, 4 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,035,830
Deposit, UAE resident (20%)
AED 207,166
Deposit, non-resident (40%)
AED 414,332
Monthly over 25 years at 3.7%
AED 4,238

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