Home
Dubai prices
About
Research
1-bed · 930 sqftU-Bora Tower 1 (Residential), Business Bay · 5th floor · completed 2011

514, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in January 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 1 December 2020
Last soldAED 1.27M31 January 2016
Current rentAED 55K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 514

Property timeline for 514, U-Bora Tower 1 (Residential)

What is 514 worth today?

Last sold for AED 1,270,000 in 2016

Unlock today's estimate, updated daily, with

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

1 Dec 2020RentedRenewal
AED 55,000/yr12 months · AED 59 per sqft
1 Dec 2019RentedNew contract
AED 65,000/yr12 months · AED 70 per sqft
1 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 97 per sqft
31 Jan 2016SoldReady
AED 1,270,000AED 1,365 per sqft
5 Jun 2011Sold by developerReady
AED 1,303,874AED 1,402 per sqft

Source: Dubai Land Department. Updated 1 December 2020.

Key facts

Type
1-bed apartment
Size
930 sqft
Floor
5th of 16
Parking
P4-302
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 16,600 /yr
Last sold
AED 1.27M · January 2016
Building
U-Bora Tower 1 (Residential)

About 514, U-Bora Tower 1 (Residential)

514 is a one-bedroom apartment of 930 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 31 January 2016 for AED 1,270,000, or AED 1,365 per sqft, 8% above the AED 1,263 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 55,000 a year: a gross yield of 4.3% on the 2016 price, before the service charge of about AED 16,600 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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 2011: AED 1,303,874 (AED 1,402 per sqft)Sold, January 2016: AED 1,270,000 (AED 1,365 per sqft)

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

Rents
Unit 514, 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, October 2017: AED 90,000 a yearNew contract, December 2019: AED 65,000 a yearRenewal, December 2020: AED 55,000 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 514 sits

All 131 1-beds →

514 last sold in January 2016 at AED 1,365 per sqft, 8% above what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,263). 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. 514's AED 55,000 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
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

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

  • Sold twice: first on 5 June 2011 for AED 1,303,874, last on 31 January 2016 for AED 1,270,000 (AED 1,365 per sqft).
  • Rented since October 2017 on 3 Ejari contracts, from AED 90,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2016 price is 4.3%, 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 1 December 2020.

Questions about 514, U-Bora Tower 1 (Residential)

What did unit 514 last sell for?

AED 1,270,000 on 31 January 2016: AED 1,365 per sqft for 930 sqft. The unit has 2 registered sales; the first was AED 1,303,874 in June 2011.

What is the rent for unit 514?

AED 55,000 a year on the contract renewed on 1 December 2020. The previous contract, from December 2019, was AED 65,000; the unit has been rented since October 2017.

How big is unit 514?

930 sqft (86.4 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2011.

What is unit 514 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.

Selling 514? 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 514, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.27M, 31 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,270,000
Deposit, UAE resident (20%)
AED 254,000
Deposit, non-resident (40%)
AED 508,000
Monthly over 25 years at 3.7%
AED 5,196

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