Home
Dubai prices
About
Research
2-bed · 2,123 sqftU-Bora Tower 1 (Residential), Business Bay · 5th floor · completed 2011

512, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in November 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 10 November 2013
Last soldAED 2.65M10 November 2013
Current rentAED 100K /yr1 June 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 512

Property timeline for 512, U-Bora Tower 1 (Residential)

What is 512 worth today?

Last sold for AED 2,653,750 in 2013

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Nov 2013Sold by developerReady
AED 2,653,750AED 1,250 per sqft
1 Jun 2013RentedRenewal
AED 100,000/yr12 months · AED 47 per sqft
1 Jun 2012RentedNew contract
AED 95,000/yr12 months · AED 45 per sqft

Source: Dubai Land Department. Updated 10 November 2013.

Key facts

Type
2-bed apartment
Size
2,123 sqft
Floor
5th of 16
Parking
P4-300
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 38,000 /yr
Last sold
AED 2.65M · November 2013
Building
U-Bora Tower 1 (Residential)

About 512, U-Bora Tower 1 (Residential)

512 is a two-bedroom apartment of 2,123 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 10 November 2013 for AED 2,653,750, or AED 1,250 per sqft, in line with the AED 1,234 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 1 June 2013, is AED 100,000 a year: a gross yield of 3.8% on the 2013 price, before the service charge of about AED 38,000 a year.

Sales and rents for 512 over time

Sales
Unit 512, 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 2,653,750 (AED 1,250 per sqft)

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

Rents
Unit 512, 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 yearRenewal, June 2013: AED 100,000 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 512 sits

All 88 2-beds →

512 last sold in November 2013 at AED 1,250 per sqft, in line with what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,234). 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. 512's AED 100,000 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

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

  • Sold once: by Bando Engineering & Construction Co on 10 November 2013 for AED 2,653,750, or AED 1,250 per sqft.
  • Rented since June 2012 on 2 Ejari contracts, from AED 95,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2013 price is 3.8%, before a service charge of about AED 38,000 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 10 November 2013.

Questions about 512, U-Bora Tower 1 (Residential)

What did unit 512 last sell for?

AED 2,653,750 on 10 November 2013, sold by the developer: AED 1,250 per sqft for 2,123 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 100,000 a year on the contract renewed on 1 June 2013. The previous contract, from June 2012, was AED 95,000.

How big is unit 512?

2,123 sqft (197.2 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2011.

What is unit 512 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.

Selling 512? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 512, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 2.65M, 10 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,653,750
Deposit, UAE resident (20%)
AED 530,750
Deposit, non-resident (40%)
AED 1,061,500
Monthly over 25 years at 3.7%
AED 10,857

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