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

516, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 26 January 2026
Last soldAED 930K26 December 2013
Current rentAED 88K /yr26 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 516

Property timeline for 516, U-Bora Tower 1 (Residential)

What is 516 worth today?

Last sold for AED 930,000 in 2013

Unlock today's estimate, updated daily, with

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

26 Jan 2026RentedRenewal
AED 88,000/yr12 months · AED 95 per sqft
26 Jan 2025RentedRenewal
AED 85,000/yr12 months · AED 92 per sqft
26 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 86 per sqft
26 Jan 2023RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
22 Jan 2022RentedNew contract
AED 63,000/yr12 months · AED 68 per sqft
26 Dec 2013Sold by developerReady
AED 930,000AED 999 per sqft

Source: Dubai Land Department. Updated 26 January 2026.

Key facts

Type
1-bed apartment
Size
930 sqft
Floor
5th of 16
Parking
P4-291
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 16,600 /yr
Last sold
AED 930K · December 2013
Building
U-Bora Tower 1 (Residential)

About 516, U-Bora Tower 1 (Residential)

516 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. The developer sold it on 26 December 2013 for AED 930,000, or AED 999 per sqft, 20% below the AED 1,250 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 26 January 2026, is AED 88,000 a year: a gross yield of 9.5% on the 2013 price, before the service charge of about AED 16,600 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, December 2013: AED 930,000 (AED 999 per sqft)

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

Rents
Unit 516, 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, January 2022: AED 63,000 a yearNew contract, January 2023: AED 75,000 a yearNew contract, January 2024: AED 80,000 a yearRenewal, January 2025: AED 85,000 a yearRenewal, January 2026: AED 88,000 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 516 sits

All 131 1-beds →

516 last sold in December 2013 at AED 999 per sqft, 20% below what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,250). 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. 516's AED 88,000 is in the lower half 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

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

  • Sold once: by Bando Engineering & Construction Co on 26 December 2013 for AED 930,000, or AED 999 per sqft.
  • Rented since January 2022 on 5 Ejari contracts, from AED 63,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2013 price is 9.5%, 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 January 2026.

Questions about 516, U-Bora Tower 1 (Residential)

What did unit 516 last sell for?

AED 930,000 on 26 December 2013, sold by the developer: AED 999 per sqft for 930 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 88,000 a year on the contract renewed on 26 January 2026. The previous contract, from January 2025, was AED 85,000; the unit has been rented since January 2022.

How big is unit 516?

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

What is unit 516 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 516? 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 516, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 930K, 26 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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