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1-bed · 1,294 sqftU-Bora Tower 1 (Residential), Business Bay · 6th floor · completed 2011

603, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 12 January 2022
Last soldAED 800K12 January 2022
Current rentAED 50K /yr20 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, U-Bora Tower 1 (Residential)

What is 603 worth today?

Last sold for AED 800,000 in 2022

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12 Jan 2022SoldReady
AED 800,000AED 618 per sqft
20 Sep 2020RentedNew contract
AED 50,000/yr12 months · AED 39 per sqft
7 Aug 2019RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
5 Aug 2018RentedNew contract
AED 73,000/yr12 months · AED 57 per sqft
27 Oct 2016RentedNew contract
AED 94,000/yr12 months · AED 73 per sqft
23 Jun 2014Sold by developerReady
AED 1,611,030AED 1,244 per sqft
7 May 2013RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
10 May 2012RentedNew contract
AED 54,000/yr12 months · AED 42 per sqft

Source: Dubai Land Department. Updated 12 January 2022.

Key facts

Type
1-bed apartment
Size
1,294 sqft
Floor
6th of 16
Parking
P4-032
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 23,200 /yr
Last sold
AED 800K · January 2022
Building
U-Bora Tower 1 (Residential)

About 603, U-Bora Tower 1 (Residential)

603 is a one-bedroom apartment of 1,294 sqft on the 6th 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 12 January 2022 for AED 800,000, or AED 618 per sqft, 12% below the AED 704 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 20 September 2020, is AED 50,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 23,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical one-bed in U-Bora Tower 1 (Residential)
1M1.5M2009201420192024Typical 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 1,611,030 (AED 1,244 per sqft)Sold, January 2022: AED 800,000 (AED 618 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in U-Bora Tower 1 (Residential)
50K75K100K2012201620202024Typical 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, May 2012: AED 54,000 a yearNew contract, May 2013: AED 75,000 a yearNew contract, October 2016: AED 94,000 a yearNew contract, August 2018: AED 73,000 a yearNew contract, August 2019: AED 70,000 a yearNew contract, September 2020: AED 50,000 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 603 sits

All 131 1-beds →

603 last sold in January 2022 at AED 618 per sqft, 12% below what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 704). 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. 603's AED 50,000 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 6th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
6011-bedAED 876K · Sep 2013
6021-bedAED 893K · Jan 2014
6041-bedAED 1.3M · Jan 2014
6051-bedAED 1.24M · Nov 2025
6061-bedAED 750K · Nov 2019
6072-bedAED 2.3M · Mar 2026
6082-bedAED 1.75M · Mar 2012
1–7 of 15

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

  • Sold twice: first on 23 June 2014 for AED 1,611,030, last on 12 January 2022 for AED 800,000 (AED 618 per sqft).
  • Rented since May 2012 on 6 Ejari contracts, from AED 54,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 23,200 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 12 January 2022.

Questions about 603, U-Bora Tower 1 (Residential)

What did unit 603 last sell for?

AED 800,000 on 12 January 2022: AED 618 per sqft for 1,294 sqft. The unit has 2 registered sales; the first was AED 1,611,030 in June 2014.

What is the rent for unit 603?

AED 50,000 a year on the contract signed on 20 September 2020. The previous contract, from August 2019, was AED 70,000; the unit has been rented since May 2012.

How big is unit 603?

1,294 sqft (120.2 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2011.

What is unit 603 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 603, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 800K, 12 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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