R1502, Ontario Tower
Sold prices and rental history: sold once, by the developer in August 2014, 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 R1502, Ontario Tower
What is R1502 worth today?
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Source: Dubai Land Department. Updated 1 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 15th of 25
- Parking
- B1-99
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.7M · August 2014
- Building
- Ontario Tower
About R1502, Ontario Tower
R1502 is a two-bedroom apartment of 982 sqft on the 15th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 28 August 2014 for AED 1,700,000, or AED 1,731 per sqft, 24% above the AED 1,400 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 September 2025, is AED 88,000 a year: a gross yield of 5.2% on the 2014 price, before the service charge of about AED 17,500 a year.
Sales and rents for R1502 over time
R1502 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ontario Tower, and where R1502 sits
All 43 2-beds →R1502 last sold in August 2014 at AED 1,731 per sqft, 24% above what two-beds in Ontario Tower were fetching at the time (AED 1,400). Over the last 12 months two-beds sold for AED 1,180,000 to 1,519,924, around AED 1,349 per sqft, and rent for AED 60,000 to 162,000 a year. R1502's AED 88,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 982 sqft | 1,519,924 | 1,547 | ||
| 13 Jan 202613 January 2026 | 982 sqft | 1,300,000 | 1,323 | ||
| 12 Dec 202512 December 2025 | 982 sqft | 1,180,000 | 1,201 | ||
| 12 Dec 202512 December 2025 | 982 sqft | 1,350,000 | 1,374 |
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 | |||||
|---|---|---|---|---|---|
| R1501 | Studio | 402 sqft | AED 550KAED 550,000 · Apr 2016April 2016 | 35,000 /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 |
R1502, Ontario Tower in numbers
- Sold once: by Rose Homes Investment on 28 August 2014 for AED 1,700,000, or AED 1,731 per sqft.
- Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 95,000 to AED 50,000 in 2021 and recovered to AED 88,000 by September 2025.
- At AED 88,000 a year the gross yield on the 2014 price is 5.2%, before a service charge of about AED 17,500 a year (AED 17.81 per sqft).
- Two-beds in Ontario Tower sold for AED 1,180,000–1,519,924 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 September 2025.
Questions about R1502, Ontario Tower
What did unit R1502 last sell for?
AED 1,700,000 on 28 August 2014, sold by the developer: AED 1,731 per sqft for 982 sqft. It is the only registered sale of the unit.
What is the rent for unit R1502?
AED 88,000 a year on the contract signed on 1 September 2025. The previous contract, from May 2023, was AED 100,000; the unit has been rented since July 2017.
How big is unit R1502?
982 sqft (91.2 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ontario Tower sold for AED 1,180,000 to 1,519,924 in the last 12 months, around AED 1,349 per sqft.
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Mortgage on R1502, Ontario Tower
Starts from the last sale price (AED 1.7M, 28 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →