2-bed · 1,511 sqftNoura Tower, Business Bay · 17th floor · completed 2022

1701, Noura Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 1 January 2024
Last soldAED 1.81M17 December 2020
Current rentAED 108K /yr1 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Noura Tower

What is 1701 worth today?

Last sold for AED 1,813,764 in 2020

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1 Jan 2024RentedRenewal
AED 107,800/yr12 months · AED 72 per sqft
1 Jan 2022RentedRenewal
AED 93,000/yr12 months · AED 62 per sqft
1 Jan 2021RentedNew contract
AED 93,000/yr12 months · AED 62 per sqft
17 Dec 2020Sold by developerReady
AED 1,813,764AED 1,199 per sqft
21 Sep 2019RentedNew contract
AED 120,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 1 January 2024.

Key facts

Type
2-bed apartment
Size
1,511 sqft
Floor
17th of 68
Parking
L2-228
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,500 /yr
Last sold
AED 1.81M · December 2020
Building
Noura Tower

About 1701, Noura Tower

1701 is a two-bedroom apartment of 1,511 sqft on the 17th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. The developer sold it on 17 December 2020 for AED 1,813,764, or AED 1,199 per sqft, in line with the AED 1,199 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 107,800 a year: a gross yield of 5.9% on the 2020 price, before the service charge of about AED 23,500 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in Noura Tower
2M3M2016201920222025Typical sale price by year: 2016 AED 3,452,195; 2017 AED 2,661,480; 2018 AED 2,215,112; 2019 AED 2,100,000; 2020 AED 1,813,500; 2021 AED 1,677,488; 2022 AED 1,651,624; 2023 AED 2,290,000; 2024 AED 2,325,000; 2025 AED 2,400,000Sold by developer, December 2020: AED 1,813,764 (AED 1,199 per sqft)

1701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Noura Tower
100K150K2018202120242027Typical rent by year: 2018 AED 110,000; 2019 AED 105,000; 2020 AED 95,000; 2021 AED 93,000; 2022 AED 113,250; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 155,000New contract, September 2019: AED 120,000 a yearNew contract, January 2021: AED 93,000 a yearRenewal, January 2022: AED 93,000 a yearRenewal, January 2024: AED 107,800 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 Noura Tower, and where 1701 sits

All 265 2-beds →

1701 last sold in December 2020 at AED 1,199 per sqft, in line with what two-beds in Noura Tower were fetching at the time (AED 1,199). Over the last 12 months two-beds sold for AED 2,300,000 to 2,700,000, around AED 1,654 per sqft, and rent for AED 140,000 to 170,001 a year. 1701's AED 107,800 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20262,700,000
6 Dec 20252,300,000
21 Jul 20252,400,000
23 Jun 20252,440,000
2 2-bed sales in the last 12 months

Noura Tower

Building

543 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 9 sold in the last 12 months.

Typical price per sqft
AED 1,914
Typical sale
AED 1.75M
Typical rent
AED 149K /yr
Typical yield
6.1%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 17th floor

All 543 units in Noura Tower
Value
17022-bedAED 1.93M · Sep 2022
17031-bedAED 1.84M · Oct 2016
17042-bedAED 3.56M · Oct 2016
17051-bedAED 2.19M · Aug 2016
17061-bedAED 2.36M · Feb 2017
17071-bedAED 1.62M · Jun 2023
17081-bedAED 1.6M · Sep 2024
1–7 of 10

1701, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 17 December 2020 for AED 1,813,764, or AED 1,199 per sqft.
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 120,000 to AED 93,000 in 2022 and recovered to AED 107,800 by January 2024.
  • At AED 107,800 a year the gross yield on the 2020 price is 5.9%, before a service charge of about AED 23,500 a year (AED 15.53 per sqft).
  • Two-beds in Noura Tower sold for AED 2,300,000–2,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,914 per sqft.

Source: Dubai Land Department. Updated 1 January 2024.

Questions about 1701, Noura Tower

What did unit 1701 last sell for?

AED 1,813,764 on 17 December 2020, sold by the developer: AED 1,199 per sqft for 1,511 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 107,800 a year on the contract renewed on 1 January 2024. The previous contract, from January 2022, was AED 93,000; the unit has been rented since September 2019.

How big is unit 1701?

1,511 sqft (140.4 sqm): a two-bedroom apartment on the 17th floor of a 68-storey tower completed in 2022.

What is unit 1701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Noura Tower sold for AED 2,300,000 to 2,700,000 in the last 12 months, around AED 1,654 per sqft.

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Mortgage on 1701, Noura Tower

Starts from the last sale price (AED 1.81M, 17 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,813,764
Deposit, UAE resident (20%)
AED 362,753
Deposit, non-resident (40%)
AED 725,506
Monthly over 25 years at 3.7%
AED 7,421

Plus AED 81,189 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →