R1501, Ontario Tower
Sold prices and rental history: sold 3 times, last in April 2016, 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 R1501, Ontario Tower
What is R1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 9 September 2020.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 15th of 25
- Parking
- B1-98
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 550K · April 2016
- Building
- Ontario Tower
About R1501, Ontario Tower
R1501 is a studio of 402 sqft on the 15th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 14 April 2016 for AED 550,000, or AED 1,368 per sqft.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 9 September 2020, is AED 35,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 7,200 a year.
Sales and rents for R1501 over time
R1501 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 R1501 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 15th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1502 | 2-bed | 982 sqft | AED 1.7MAED 1,700,000 · Aug 2014August 2014 | 88,000 /yr | |
| R1503 | 1-bed | 803 sqft | AED 1.05MAED 1,050,000 · Jan 2014January 2014 | 63,000 /yr | |
| R1504 | 1-bed | 802 sqft | AED 1.12MAED 1,124,906 · Apr 2011April 2011 | 75,000 /yr | |
| R1505 | 1-bed | 802 sqft | AED 1.1MAED 1,100,000 · Feb 2015February 2015 | 60,500 /yr | |
| R1506 | 1-bed | 791 sqft | AED 1.12MAED 1,120,800 · Apr 2011April 2011 | 56,760 /yr | |
| R1507 | 2-bed | 982 sqft | AED 1.2MAED 1,200,000 · Apr 2018April 2018 | 130,000 /yr |
R1501, Ontario Tower in numbers
- Sold 3 times: first on 30 March 2009 for AED 360,000, last on 14 April 2016 for AED 550,000 (AED 1,368 per sqft).
- Rented since May 2017 on 4 Ejari contracts, from AED 50,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2016 price is 6.4%, 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 9 September 2020.
Questions about R1501, Ontario Tower
What did unit R1501 last sell for?
AED 550,000 on 14 April 2016: AED 1,368 per sqft for 402 sqft. The unit has 3 registered sales; the first was AED 360,000 in March 2009.
What is the rent for unit R1501?
AED 35,000 a year on the contract renewed on 9 September 2020. The previous contract, from September 2019, was AED 38,000; the unit has been rented since May 2017.
How big is unit R1501?
402 sqft (37.3 sqm): a studio on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1501 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.
Selling R1501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on R1501, Ontario Tower
Starts from the last sale price (AED 550K, 14 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus AED 28,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →