R101, Ontario Tower
Sold prices and rental history: sold twice, last in July 2022, 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 R101, Ontario Tower
What is R101 worth today?
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Source: Dubai Land Department. Updated 20 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 1st of 25
- Parking
- B1-01
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,100 /yr
- Last sold
- AED 440K · July 2022
- Building
- Ontario Tower
About R101, Ontario Tower
R101 is a studio of 398 sqft on the 1st floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 15 July 2022 for AED 440,000, or AED 1,105 per sqft.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 20 August 2024, is AED 52,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 7,100 a year.
Sales and rents for R101 over time
R101 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Ontario Tower, and where R101 sits
All 22 studios →Over the last 12 months studios sold for AED 740,000, around AED 1,840 per sqft, and rent for AED 66,150 to 78,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jan 20268 January 2026 | 402 sqft | 740,000 | 1,840 | ||
| 15 May 202415 May 2024 | 402 sqft | 635,000 | 1,579 | ||
| 14 Mar 202414 March 2024 | 201 sqft | 255,000 | 1,266 | ||
| 1 Mar 20241 March 2024 | 402 sqft | 500,000 | 1,243 |
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 1st floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R102 | 2-bed | 982 sqft | AED 1.29MAED 1,290,000 · Nov 2024November 2024 | 74,000 /yr | |
| R103 | 1-bed | 807 sqft | AED 840KAED 840,000 · May 2025May 2025 | 42,026 /yr | |
| R104 | 801 sqft | AED 1.1MAED 1,100,000 · Dec 2025December 2025 | 90,000 /yr | ||
| R105 | 1-bed | 800 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 100,000 /yr | |
| R106 | 1-bed | 796 sqft | AED 870KAED 870,000 · Nov 2024November 2024 | 73,296 /yr | |
| R107 | 2-bed | 982 sqft | AED 860KAED 860,000 · Dec 2022December 2022 | 104,500 /yr |
R101, Ontario Tower in numbers
- Sold twice: first on 24 May 2011 for AED 600,000, last on 15 July 2022 for AED 440,000 (AED 1,105 per sqft).
- Rented since August 2017 on 6 Ejari contracts. The rent fell from AED 50,000 to AED 30,000 in 2021 and recovered to AED 52,000 by August 2024.
- At AED 52,000 a year the gross yield on the 2022 price is 11.8%, before a service charge of about AED 7,100 a year (AED 17.81 per sqft).
- Studios in Ontario Tower sold for AED 740,000–740,000 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 20 August 2024.
Questions about R101, Ontario Tower
What did unit R101 last sell for?
AED 440,000 on 15 July 2022: AED 1,105 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 600,000 in May 2011.
What is the rent for unit R101?
AED 52,000 a year on the contract signed on 20 August 2024. The previous contract, from June 2024, was AED 55,000; the unit has been rented since August 2017.
How big is unit R101?
398 sqft (37.0 sqm): a studio on the 1st floor of a 25-storey tower completed in 2010.
What is unit R101 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ontario Tower sold for AED 740,000 to 740,000 in the last 12 months, around AED 1,840 per sqft.
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Mortgage on R101, Ontario Tower
Starts from the last sale price (AED 440K, 15 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →