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2-bed · 1,563 sqftU-Bora Tower 1 (Residential), Business Bay · 5th floor · completed 2011

509, U-Bora Tower 1 (Residential)

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

Unit 509 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 1.55M25 August 2023
Current rentAED 95K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, U-Bora Tower 1 (Residential)

What is 509 worth today?

Last sold for AED 1,550,000 in 2023

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25 Aug 2023SoldReady
AED 1,550,000AED 991 per sqft
1 Nov 2022RentedRenewal
AED 95,000/yr12 months · AED 61 per sqft
1 Nov 2021RentedNew contract
AED 80,000/yr12 months · AED 51 per sqft
5 Nov 2020RentedRenewal
AED 80,000/yr12 months · AED 51 per sqft
5 Nov 2019RentedRenewal
AED 105,000/yr12 months · AED 67 per sqft
5 Nov 2018RentedRenewal
AED 110,000/yr12 months · AED 70 per sqft
5 Nov 2017RentedRenewal
AED 125,000/yr12 months · AED 80 per sqft
5 Nov 2016RentedNew contract
AED 135,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,563 sqft
Floor
5th of 16
Parking
P4-289
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 28,000 /yr
Last sold
AED 1.55M · August 2023
Building
U-Bora Tower 1 (Residential)

About 509, U-Bora Tower 1 (Residential)

509 is a two-bedroom apartment of 1,563 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. It last sold on 25 August 2023 for AED 1,550,000, or AED 991 per sqft, 19% above the AED 831 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 1 November 2022, is AED 95,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 28,000 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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 1,953,750 (AED 1,249 per sqft)Sold, August 2023: AED 1,550,000 (AED 991 per sqft)

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

Rents
Unit 509, 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, April 2012: AED 67,000 a yearRenewal, April 2013: AED 72,000 a yearNew contract, October 2014: AED 150,000 a yearNew contract, November 2016: AED 135,000 a yearRenewal, November 2017: AED 125,000 a yearRenewal, November 2018: AED 110,000 a yearRenewal, November 2019: AED 105,000 a yearRenewal, November 2020: AED 80,000 a yearNew contract, November 2021: AED 80,000 a yearRenewal, November 2022: AED 95,000 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 509 sits

All 88 2-beds →

509 last sold in August 2023 at AED 991 per sqft, 19% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 831). 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. 509's AED 95,000 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 5th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
5011-bedAED 770K · Oct 2022
5021-bedAED 1.04M · Jun 2014
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
1–7 of 15

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

  • Sold twice: first on 6 November 2013 for AED 1,953,750, last on 25 August 2023 for AED 1,550,000 (AED 991 per sqft).
  • Rented since April 2012 on 10 Ejari contracts, from AED 67,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 28,000 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 25 August 2023.

Questions about 509, U-Bora Tower 1 (Residential)

What did unit 509 last sell for?

AED 1,550,000 on 25 August 2023: AED 991 per sqft for 1,563 sqft. The unit has 2 registered sales; the first was AED 1,953,750 in November 2013.

What is the rent for unit 509?

AED 95,000 a year on the contract renewed on 1 November 2022. The previous contract, from November 2021, was AED 80,000; the unit has been rented since April 2012.

How big is unit 509?

1,563 sqft (145.2 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2011.

What is unit 509 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 509, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.55M, 25 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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