R1506, Ontario Tower
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1506, Ontario Tower
What is R1506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 791 sqft
- Floor
- 15th of 25
- Parking
- B1-115
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.12M · April 2011
- Building
- Ontario Tower
About R1506, Ontario Tower
R1506 is a one-bedroom apartment of 791 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 13 April 2011 for AED 1,120,800, or AED 1,416 per sqft, 21% above the AED 1,170 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 10 January 2024, is AED 56,760 a year: a gross yield of 5.1% on the 2011 price, before the service charge of about AED 14,100 a year.
Sales and rents for R1506 over time
R1506 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ontario Tower, and where R1506 sits
All 89 1-beds →R1506 last sold in April 2011 at AED 1,416 per sqft, 21% above what one-beds in Ontario Tower were fetching at the time (AED 1,170). Over the last 12 months one-beds sold for AED 939,796 to 1,200,000, around AED 1,324 per sqft, and rent for AED 62,000 to 110,000 a year. R1506's AED 56,760 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 803 sqft | 1,200,000 | 1,494 | ||
| 2 Jan 20262 January 2026 | 802 sqft | 1,062,040 | 1,324 | ||
| 23 Dec 202523 December 2025 | 802 sqft | 1,075,000 | 1,340 | ||
| 2 Jul 20252 July 2025 | 803 sqft | 1,000,000 | 1,245 |
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 | |
| 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 | |
| R1507 | 2-bed | 982 sqft | AED 1.2MAED 1,200,000 · Apr 2018April 2018 | 130,000 /yr |
R1506, Ontario Tower in numbers
- Sold once: by Rose Homes Investment on 13 April 2011 for AED 1,120,800, or AED 1,416 per sqft.
- Rented since December 2016 on 6 Ejari contracts. The rent fell from AED 82,000 to AED 43,000 in 2021 and recovered to AED 56,760 by January 2024.
- At AED 56,760 a year the gross yield on the 2011 price is 5.1%, before a service charge of about AED 14,100 a year (AED 17.81 per sqft).
- One-beds in Ontario Tower sold for AED 939,796–1,200,000 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 10 January 2024.
Questions about R1506, Ontario Tower
What did unit R1506 last sell for?
AED 1,120,800 on 13 April 2011, sold by the developer: AED 1,416 per sqft for 791 sqft. It is the only registered sale of the unit.
What is the rent for unit R1506?
AED 56,760 a year on the contract renewed on 10 January 2024. The previous contract, from January 2021, was AED 43,000; the unit has been rented since December 2016.
How big is unit R1506?
791 sqft (73.5 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower completed in 2010.
What is unit R1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ontario Tower sold for AED 939,796 to 1,200,000 in the last 12 months, around AED 1,324 per sqft.
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Mortgage on R1506, Ontario Tower
Starts from the last sale price (AED 1.12M, 13 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,120,800
- Deposit, UAE resident (20%)
- AED 224,160
- Deposit, non-resident (40%)
- AED 448,320
- Monthly over 25 years at 3.7%
- AED 4,586
Plus AED 52,084 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →