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2-bed · 1,551 sqftU-Bora Tower 1 (Residential), Business Bay · 7th floor · completed 2011

708, U-Bora Tower 1 (Residential)

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

Unit 708 · DLD and Ejari recordsUpdated 10 November 2018
Last soldAED 1.97M31 October 2013
Current rentAED 115K /yr10 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, U-Bora Tower 1 (Residential)

What is 708 worth today?

Last sold for AED 1,969,770 in 2013

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10 Nov 2018RentedRenewal
AED 115,000/yr12 months · AED 74 per sqft
10 Nov 2017RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
20 Feb 2016RentedRenewal
AED 150,000/yr12 months · AED 97 per sqft
20 Feb 2015RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
31 Oct 2013Sold by developerReady
AED 1,969,770AED 1,270 per sqft
1 Jan 2013RentedNew contract
AED 85,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 10 November 2018.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 16
Parking
P4-283
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 27,800 /yr
Last sold
AED 1.97M · October 2013
Building
U-Bora Tower 1 (Residential)

About 708, U-Bora Tower 1 (Residential)

708 is a two-bedroom apartment of 1,551 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 31 October 2013 for AED 1,969,770, or AED 1,270 per sqft, 3% above the AED 1,229 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 10 November 2018, is AED 115,000 a year: a gross yield of 5.8% on the 2013 price, before the service charge of about AED 27,800 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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, October 2013: AED 1,969,770 (AED 1,270 per sqft)

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

Rents
Unit 708, 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, January 2013: AED 85,000 a yearNew contract, February 2015: AED 155,000 a yearRenewal, February 2016: AED 150,000 a yearNew contract, November 2017: AED 130,000 a yearRenewal, November 2018: AED 115,000 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 708 sits

All 88 2-beds →

708 last sold in October 2013 at AED 1,270 per sqft, 3% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,229). 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. 708's AED 115,000 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 7th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
7011-bedAED 883K · Nov 2013
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
1–7 of 15

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

  • Sold once: by Bando Engineering & Construction Co on 31 October 2013 for AED 1,969,770, or AED 1,270 per sqft.
  • Rented since January 2013 on 5 Ejari contracts, from AED 85,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2013 price is 5.8%, before a service charge of about AED 27,800 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 2018.

Questions about 708, U-Bora Tower 1 (Residential)

What did unit 708 last sell for?

AED 1,969,770 on 31 October 2013, sold by the developer: AED 1,270 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 115,000 a year on the contract renewed on 10 November 2018. The previous contract, from November 2017, was AED 130,000; the unit has been rented since January 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower completed in 2011.

What is unit 708 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.

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Mortgage on 708, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.97M, 31 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,969,770
Deposit, UAE resident (20%)
AED 393,954
Deposit, non-resident (40%)
AED 787,908
Monthly over 25 years at 3.7%
AED 8,059

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