R1201, Ontario Tower
Sold prices and rental history: sold twice, last in April 2011, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1201, Ontario Tower
What is R1201 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 12th of 25
- Parking
- B1-77
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 460K · April 2011
- Building
- Ontario Tower
About R1201, Ontario Tower
R1201 is a studio of 402 sqft on the 12th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 24 April 2011 for AED 460,000, or AED 1,144 per sqft.
It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 1 July 2024, is AED 60,000 a year: a gross yield of 13.0% on the 2011 price, before the service charge of about AED 7,200 a year.
Sales and rents for R1201 over time
R1201 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 R1201 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 12th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1202 | 2-bed | 982 sqft | AED 1.18MAED 1,180,000 · Dec 2025December 2025 | 120,000 /yr | |
| R1203 | 1-bed | 803 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 80,000 /yr | |
| R1204 | 1-bed | 802 sqft | AED 1.03MAED 1,025,000 · Aug 2023August 2023 | 52,000 /yr | |
| R1205 | 1-bed | 802 sqft | AED 920KAED 920,000 · Jun 2025June 2025 | 45,000 /yr | |
| R1206 | 1-bed | 791 sqft | AED 850KAED 850,000 · Jun 2024June 2024 | 75,000 /yr | |
| R1207 | 2-bed | 982 sqft | AED 438KAED 437,500 · Aug 2012August 2012 | 100,000 /yr |
R1201, Ontario Tower in numbers
- Sold twice: first on 5 August 2009 for AED 460,000, last on 24 April 2011 for AED 460,000 (AED 1,144 per sqft).
- Rented since March 2015 on 2 Ejari contracts, from AED 65,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2011 price is 13.0%, before a service charge of about AED 7,200 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 1 July 2024.
Questions about R1201, Ontario Tower
What did unit R1201 last sell for?
AED 460,000 on 24 April 2011: AED 1,144 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 460,000 in August 2009.
What is the rent for unit R1201?
AED 60,000 a year on the contract signed on 1 July 2024. The previous contract, from March 2015, was AED 65,000.
How big is unit R1201?
402 sqft (37.3 sqm): a studio on the 12th floor of a 25-storey tower completed in 2010.
What is unit R1201 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 R1201, Ontario Tower
Starts from the last sale price (AED 460K, 24 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus AED 22,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →