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1-bed · 648 sqftU-Bora Tower 1 (Residential), Business Bay · 8th floor · completed 2011

803, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in March 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 26 March 2021
Last soldAED 457K24 March 2021
Current rentAED 53K /yr26 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 803, U-Bora Tower 1 (Residential)

What is 803 worth today?

Last sold for AED 456,716 in 2021

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26 Mar 2021RentedNew contract
AED 53,000/yr12 months · AED 41 per sqft
24 Mar 2021SoldReady
AED 456,716AED 704 per sqft
4 Nov 2019RentedNew contract
AED 67,500/yr12 months · AED 52 per sqft
1 Oct 2018RentedNew contract
AED 77,000/yr12 months · AED 60 per sqft
17 Feb 2018RentedNew contract
AED 85,000/yr12 months · AED 66 per sqft
22 Jan 2015RentedNew contract
AED 74,750/yr12 months · AED 58 per sqft
22 Jan 2014RentedNew contract
AED 65,000/yr12 months · AED 50 per sqft
13 Sep 2011Sold by developerReady
AED 1,437,343AED 1,109 per sqft

Source: Dubai Land Department. Updated 26 March 2021.

Key facts

Type
1-bed apartment
Size
648 sqft
Floor
8th of 16
Parking
P4-097
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 11,600 /yr
Last sold
AED 457K · March 2021
Building
U-Bora Tower 1 (Residential)

About 803, U-Bora Tower 1 (Residential)

803 is a one-bedroom apartment of 648 sqft on the 8th 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 24 March 2021 for AED 456,716, or AED 704 per sqft, 6% below the AED 750 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 26 March 2021, is AED 53,000 a year: a gross yield of 11.6% on the 2021 price, before the service charge of about AED 11,600 a year.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical one-bed in U-Bora Tower 1 (Residential)
500K1M1.5M2009201420192024Typical 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, September 2011: AED 1,437,343 (AED 1,109 per sqft)Sold, March 2021: AED 456,716 (AED 704 per sqft)

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

Rents
Unit 803, 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 2014: AED 65,000 a yearNew contract, January 2015: AED 74,750 a yearNew contract, February 2018: AED 85,000 a yearNew contract, October 2018: AED 77,000 a yearNew contract, November 2019: AED 67,500 a yearNew contract, March 2021: AED 53,000 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 803 sits

All 131 1-beds →

803 last sold in March 2021 at AED 704 per sqft, 6% below what one-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 750). 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. 803's AED 53,000 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 8th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
8011-bedAED 810K · Oct 2023
8021-bedAED 750K · Aug 2024
8041-bedAED 1.31M · Jan 2014
8051-bedAED 725K · Oct 2020
8072-bedAED 1.1M · Jul 2020
8082-bedAED 1.9M · Sep 2024
8092-bedAED 1.7M · Mar 2024
1–7 of 21

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

  • Sold twice: first on 13 September 2011 for AED 1,437,343, last on 24 March 2021 for AED 456,716 (AED 704 per sqft).
  • Rented since January 2014 on 6 Ejari contracts, from AED 65,000 to AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2021 price is 11.6%, before a service charge of about AED 11,600 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 March 2021.

Questions about 803, U-Bora Tower 1 (Residential)

What did unit 803 last sell for?

AED 456,716 on 24 March 2021: AED 704 per sqft for 648 sqft. The unit has 2 registered sales; the first was AED 1,437,343 in September 2011.

What is the rent for unit 803?

AED 53,000 a year on the contract signed on 26 March 2021. The previous contract, from November 2019, was AED 67,500; the unit has been rented since January 2014.

How big is unit 803?

648 sqft (60.2 sqm): a one-bedroom apartment on the 8th floor of a 16-storey tower completed in 2011.

What is unit 803 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 803, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 457K, 24 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 456,716
Deposit, UAE resident (20%)
AED 91,343
Deposit, non-resident (40%)
AED 182,686
Monthly over 25 years at 3.7%
AED 1,869

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