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1-bed · 695 sqftU-Bora Tower 1 (Residential), Business Bay · 7th floor · completed 2011

701, U-Bora Tower 1 (Residential)

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

Unit 701 · DLD and Ejari recordsUpdated 28 November 2022
Last soldAED 883K24 November 2013
Current rentAED 80K /yr28 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, U-Bora Tower 1 (Residential)

What is 701 worth today?

Last sold for AED 882,650 in 2013

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28 Nov 2022RentedNew contract
AED 80,000/yr12 months · AED 114 per sqft
1 May 2022RentedNew contract
AED 64,000/yr12 months · AED 91 per sqft
1 Nov 2016RentedNew contract
AED 95,000/yr12 months · AED 136 per sqft
24 Nov 2013Sold by developerReady
AED 882,650AED 1,269 per sqft
1 May 2013RentedRenewal
AED 50,000/yr12 months · AED 72 per sqft
1 May 2012RentedNew contract
AED 50,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 28 November 2022.

Key facts

Type
1-bed apartment
Size
695 sqft
Floor
7th of 16
Parking
P4-060
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 12,400 /yr
Last sold
AED 883K · November 2013
Building
U-Bora Tower 1 (Residential)

About 701, U-Bora Tower 1 (Residential)

701 is a one-bedroom apartment of 695 sqft on the 7th 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 24 November 2013 for AED 882,650, or AED 1,269 per sqft, in line with the AED 1,249 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 28 November 2022, is AED 80,000 a year: a gross yield of 9.1% on the 2013 price, before the service charge of about AED 12,400 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, November 2013: AED 882,650 (AED 1,269 per sqft)

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

Rents
Unit 701, 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 50,000 a yearRenewal, May 2013: AED 50,000 a yearNew contract, November 2016: AED 95,000 a yearNew contract, May 2022: AED 64,000 a yearNew contract, November 2022: AED 80,000 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 701 sits

All 131 1-beds →

701 last sold in November 2013 at AED 1,269 per sqft, in line with what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,249). 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. 701's AED 80,000 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 7th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
7021-bedAED 1.03M · Oct 2025
7031-bedAED 1.45M · Feb 2025
7041-bedAED 1.2M · Dec 2016
7051-bedAED 1.01M · Mar 2024
7061-bedAED 1.1M · Oct 2016
7072-bedAED 1.55M · Aug 2023
7082-bedAED 1.97M · Oct 2013
1–7 of 15

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

  • Sold once: by Bando Engineering & Construction Co on 24 November 2013 for AED 882,650, or AED 1,269 per sqft.
  • Rented since May 2012 on 5 Ejari contracts, from AED 50,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2013 price is 9.1%, before a service charge of about AED 12,400 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 28 November 2022.

Questions about 701, U-Bora Tower 1 (Residential)

What did unit 701 last sell for?

AED 882,650 on 24 November 2013, sold by the developer: AED 1,269 per sqft for 695 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 80,000 a year on the contract signed on 28 November 2022. The previous contract, from May 2022, was AED 64,000; the unit has been rented since May 2012.

How big is unit 701?

695 sqft (64.6 sqm): a one-bedroom apartment on the 7th floor of a 16-storey tower completed in 2011.

What is unit 701 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 701, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 883K, 24 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 882,650
Deposit, UAE resident (20%)
AED 176,530
Deposit, non-resident (40%)
AED 353,060
Monthly over 25 years at 3.7%
AED 3,611

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