R1601, Ontario Tower
Sold prices and rental history: sold twice, last in February 2012, 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 R1601, Ontario Tower
What is R1601 worth today?
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Source: Dubai Land Department. Updated 6 November 2023.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 16th of 25
- Parking
- B1-106
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 467K · February 2012
- Building
- Ontario Tower
About R1601, Ontario Tower
R1601 is a studio of 402 sqft on the 16th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 19 February 2012 for AED 466,810, or AED 1,161 per sqft, 4% above the AED 1,121 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 6 November 2023, is AED 52,000 a year: a gross yield of 11.1% on the 2012 price, before the service charge of about AED 7,200 a year.
Sales and rents for R1601 over time
R1601 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 R1601 sits
All 22 studios →R1601 last sold in February 2012 at AED 1,161 per sqft, 4% above what studios in Ontario Tower were fetching at the time (AED 1,121). 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 16th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1602 | 2-bed | 982 sqft | AED 1.18MAED 1,180,000 · Oct 2017October 2017 | 92,000 /yr | |
| R1603 | 1-bed | 803 sqft | AED 1MAED 1,000,000 · Nov 2023November 2023 | 78,000 /yr | |
| R1604 | 1-bed | 802 sqft | AED 1.19MAED 1,190,000 · Jun 2014June 2014 | 80,000 /yr | |
| R1605 | 1-bed | 802 sqft | AED 831KAED 831,402 · Aug 2009August 2009 | 66,125 /yr | |
| R1606 | 1-bed | 791 sqft | AED 828KAED 828,418 · Aug 2009August 2009 | 65,000 /yr | |
| R1607 | 2-bed | 982 sqft | AED 1.13MAED 1,133,190 · Feb 2012February 2012 | 90,000 /yr |
R1601, Ontario Tower in numbers
- Sold twice: first on 6 August 2009 for AED 466,810, last on 19 February 2012 for AED 466,810 (AED 1,161 per sqft).
- Rented since November 2016 on 4 Ejari contracts. The rent fell from AED 60,000 to AED 32,000 in 2021 and recovered to AED 52,000 by November 2023.
- At AED 52,000 a year the gross yield on the 2012 price is 11.1%, 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 6 November 2023.
Questions about R1601, Ontario Tower
What did unit R1601 last sell for?
AED 466,810 on 19 February 2012: AED 1,161 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 466,810 in August 2009.
What is the rent for unit R1601?
AED 52,000 a year on the contract signed on 6 November 2023. The previous contract, from May 2021, was AED 32,000; the unit has been rented since November 2016.
How big is unit R1601?
402 sqft (37.3 sqm): a studio on the 16th floor of a 25-storey tower completed in 2010.
What is unit R1601 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 R1601, Ontario Tower
Starts from the last sale price (AED 467K, 19 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 466,810
- Deposit, UAE resident (20%)
- AED 93,362
- Deposit, non-resident (40%)
- AED 186,724
- Monthly over 25 years at 3.7%
- AED 1,910
Plus AED 22,516 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →