R1005, Ontario Tower
Sold prices and rental history: sold 5 times, last in December 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1005, Ontario Tower
What is R1005 worth today?
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Source: Dubai Land Department. Updated 6 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 10th of 25
- Parking
- B1-67
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 910K · December 2024
- Building
- Ontario Tower
About R1005, Ontario Tower
R1005 is a one-bedroom apartment of 802 sqft on the 10th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 6 December 2024 for AED 910,000, or AED 1,134 per sqft, 9% above the AED 1,044 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 August 2024, is AED 90,000 a year: a gross yield of 9.9% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1005 over time
R1005 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ontario Tower, and where R1005 sits
All 89 1-beds →R1005 last sold in December 2024 at AED 1,134 per sqft, 9% above what one-beds in Ontario Tower were fetching at the time (AED 1,044). Over the last 12 months one-beds sold for AED 939,796 to 1,200,000, around AED 1,324 per sqft, and rent for AED 62,000 to 110,000 a year. R1005's AED 90,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 803 sqft | 1,200,000 | 1,494 | ||
| 2 Jan 20262 January 2026 | 802 sqft | 1,062,040 | 1,324 | ||
| 23 Dec 202523 December 2025 | 802 sqft | 1,075,000 | 1,340 | ||
| 2 Jul 20252 July 2025 | 803 sqft | 1,000,000 | 1,245 |
Ontario Tower
Building175 apartments, studios to 2-bed over 25 floors in Business Bay, completed in 2010 by Rose Homes Investment. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,332 Up 11.2%
- Typical sale
- AED 1.09M
- Typical rent
- AED 80K /yr
- Typical yield
- 7.4%
Other units on the 10th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1001 | Studio | 402 sqft | AED 424KAED 423,832 · May 2011May 2011 | ||
| R1002 | 982 sqft | AED 1.18MAED 1,175,000 · Aug 2025August 2025 | 125,000 /yr | ||
| R1003 | 1-bed | 803 sqft | AED 828KAED 828,418 · Dec 2012December 2012 | 75,000 /yr | |
| R1004 | 1-bed | 802 sqft | AED 200KAED 200,000 · Mar 2023March 2023 | 70,000 /yr | |
| R1006 | 1-bed | 791 sqft | AED 975KAED 974,610 · Aug 2011August 2011 | 42,000 /yr | |
| R1007 | 2-bed | 982 sqft | AED 1.12MAED 1,117,058 · Oct 2011October 2011 | 75,000 /yr |
R1005, Ontario Tower in numbers
- Sold 5 times: first on 5 August 2009 for AED 880,308, last on 6 December 2024 for AED 910,000 (AED 1,134 per sqft).
- Rented since May 2017 on 4 Ejari contracts. The rent fell from AED 72,000 to AED 55,000 in 2022 and recovered to AED 90,000 by August 2024.
- At AED 90,000 a year the gross yield on the 2024 price is 9.9%, before a service charge of about AED 14,300 a year (AED 17.81 per sqft).
- One-beds in Ontario Tower sold for AED 939,796–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,332 per sqft.
Source: Dubai Land Department. Updated 6 December 2024.
Questions about R1005, Ontario Tower
What did unit R1005 last sell for?
AED 910,000 on 6 December 2024: AED 1,134 per sqft for 802 sqft. The unit has 5 registered sales; the first was AED 880,308 in August 2009.
What is the rent for unit R1005?
AED 90,000 a year on the contract signed on 1 August 2024. The previous contract, from November 2022, was AED 55,000; the unit has been rented since May 2017.
How big is unit R1005?
802 sqft (74.5 sqm): a one-bedroom apartment on the 10th floor of a 25-storey tower completed in 2010.
What is unit R1005 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ontario Tower sold for AED 939,796 to 1,200,000 in the last 12 months, around AED 1,324 per sqft.
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Mortgage on R1005, Ontario Tower
Starts from the last sale price (AED 910K, 6 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 910,000
- Deposit, UAE resident (20%)
- AED 182,000
- Deposit, non-resident (40%)
- AED 364,000
- Monthly over 25 years at 3.7%
- AED 3,723
Plus AED 43,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →