R1401, Ontario Tower
Sold prices and rental history: sold 3 times, last in June 2012, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1401, Ontario Tower
What is R1401 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 14th of 25
- Parking
- B1-91
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 400K · June 2012
- Building
- Ontario Tower
About R1401, Ontario Tower
R1401 is a studio of 402 sqft on the 14th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 14 June 2012 for AED 400,000, or AED 994 per sqft, 8% below the AED 1,084 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 5 October 2024, is AED 54,600 a year: a gross yield of 13.7% on the 2012 price, before the service charge of about AED 7,200 a year.
Sales and rents for R1401 over time
R1401 has sold 3 times; 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 R1401 sits
All 22 studios →R1401 last sold in June 2012 at AED 994 per sqft, 8% below what studios in Ontario Tower were fetching at the time (AED 1,084). 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 14th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1402 | 2-bed | 982 sqft | AED 1.1MAED 1,100,000 · Nov 2024November 2024 | 112,000 /yr | |
| R1403 | 1-bed | 40 sqft | AED 50KAED 50,000 · Mar 2016March 2016 | ||
| R1404 | 802 sqft | AED 946KAED 946,000 · Dec 2025December 2025 | 80,000 /yr | ||
| R1405 | 1-bed | 802 sqft | AED 930KAED 930,000 · Jul 2017July 2017 | 75,000 /yr | |
| R1406 | 1-bed | 791 sqft | AED 925KAED 925,000 · Jun 2025June 2025 | 60,000 /yr | |
| R1407 | 2-bed | 491 sqft | AED 683KAED 683,227 · Mar 2025March 2025 | 65,000 /yr |
R1401, Ontario Tower in numbers
- Sold 3 times: first on 5 August 2009 for AED 435,942, last on 14 June 2012 for AED 400,000 (AED 994 per sqft).
- Rented since December 2020 on 5 Ejari contracts, from AED 33,000 to AED 54,600 a year.
- At AED 54,600 a year the gross yield on the 2012 price is 13.7%, 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: YallaValue analysis of Dubai Land Department records. Updated 5 October 2024.
Questions about R1401, Ontario Tower
What did unit R1401 last sell for?
AED 400,000 on 14 June 2012: AED 994 per sqft for 402 sqft. The unit has 3 registered sales; the first was AED 435,942 in August 2009.
What is the rent for unit R1401?
AED 54,600 a year on the contract renewed on 5 October 2024. The previous contract, from October 2023, was AED 52,000; the unit has been rented since December 2020.
How big is unit R1401?
402 sqft (37.3 sqm): a studio on the 14th floor of a 25-storey tower completed in 2010.
What is unit R1401 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 R1401, Ontario Tower
Starts from the last sale price (AED 400K, 14 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →