2-bed · 1,333 sqftU-Bora Tower 1 (Residential), Business Bay · 9th floor · completed 2011

908, U-Bora Tower 1 (Residential)

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

Unit 908 · DLD and Ejari recordsUpdated 21 June 2022
Last soldAED 1.22M21 June 2022
Current rentAED 68K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, U-Bora Tower 1 (Residential)

What is 908 worth today?

Last sold for AED 1,220,000 in 2022

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21 Jun 2022SoldReady
AED 1,220,000AED 915 per sqft
1 Feb 2021RentedNew contract
AED 68,000/yr12 months · AED 51 per sqft
1 Feb 2018RentedNew contract
AED 100,000/yr12 months · AED 75 per sqft
20 Dec 2016RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
20 Dec 2015RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
3 Oct 2013Sold by developerReady
AED 1,719,570AED 1,289 per sqft
25 Apr 2013RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
25 Apr 2012RentedNew contract
AED 72,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 21 June 2022.

Key facts

Type
2-bed apartment
Size
1,333 sqft
Floor
9th of 16
Parking
P4-184
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 23,900 /yr
Last sold
AED 1.22M · June 2022

About 908, U-Bora Tower 1 (Residential)

908 is a two-bedroom apartment of 1,333 sqft on the 9th 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 21 June 2022 for AED 1,220,000, or AED 915 per sqft, 10% above the AED 831 two-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 1 February 2021, is AED 68,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 23,900 a year.

Sales and rents for 908 over time

Sales
Unit 908, 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 1,719,570 (AED 1,289 per sqft)Sold, June 2022: AED 1,220,000 (AED 915 per sqft)

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

Rents
Unit 908, 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, April 2012: AED 72,000 a yearNew contract, April 2013: AED 105,000 a yearNew contract, December 2015: AED 125,000 a yearRenewal, December 2016: AED 125,000 a yearNew contract, February 2018: AED 100,000 a yearNew contract, February 2021: AED 68,000 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 908 sits

All 88 2-beds →

908 last sold in June 2022 at AED 915 per sqft, 10% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 831). 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. 908's AED 68,000 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 →
Value
9011-bedAED 971K · Feb 2014
9021-bedAED 898K · Jan 2018
9031-bedAED 1.45M · Feb 2014
9041-bedAED 1.14M · Oct 2013
9051-bedAED 1.11M · Jan 2014
9072-bedAED 1.59M · Nov 2023
9092-bedAED 1.85M · Aug 2024
1–7 of 21

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

  • Sold twice: first on 3 October 2013 for AED 1,719,570, last on 21 June 2022 for AED 1,220,000 (AED 915 per sqft).
  • Rented since April 2012 on 6 Ejari contracts, from AED 72,000 to AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2022 price is 5.6%, before a service charge of about AED 23,900 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 21 June 2022.

Questions about 908, U-Bora Tower 1 (Residential)

What did unit 908 last sell for?

AED 1,220,000 on 21 June 2022: AED 915 per sqft for 1,333 sqft. The unit has 2 registered sales; the first was AED 1,719,570 in October 2013.

What is the rent for unit 908?

AED 68,000 a year on the contract signed on 1 February 2021. The previous contract, from February 2018, was AED 100,000; the unit has been rented since April 2012.

How big is unit 908?

1,333 sqft (123.8 sqm): a two-bedroom apartment on the 9th floor of a 16-storey tower completed in 2011.

What is unit 908 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 908, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.22M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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