R1603, Ontario Tower
Sold prices and rental history: sold 3 times, last in November 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1603, Ontario Tower
What is R1603 worth today?
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Source: Dubai Land Department. Updated 14 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 803 sqft
- Floor
- 16th of 25
- Parking
- B1-111
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1M · November 2023
- Building
- Ontario Tower
About R1603, Ontario Tower
R1603 is a one-bedroom apartment of 803 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 14 November 2023 for AED 1,000,000, or AED 1,245 per sqft, 43% above the AED 871 one-beds in the building were fetching at the time.
It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 27 June 2017, is AED 78,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1603 over time
R1603 has sold 3 times; 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 R1603 sits
All 89 1-beds →R1603 last sold in November 2023 at AED 1,245 per sqft, 43% above what one-beds in Ontario Tower were fetching at the time (AED 871). 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. R1603's AED 78,000 is in the lower half 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 16th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1601 | Studio | 402 sqft | AED 467KAED 466,810 · Feb 2012February 2012 | 52,000 /yr | |
| R1602 | 2-bed | 982 sqft | AED 1.18MAED 1,180,000 · Oct 2017October 2017 | 92,000 /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 |
R1603, Ontario Tower in numbers
- Sold 3 times: first on 22 November 2009 for AED 828,419, last on 14 November 2023 for AED 1,000,000 (AED 1,245 per sqft).
- Rented since June 2015 on 2 Ejari contracts, at AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 14,300 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: Dubai Land Department. Updated 14 November 2023.
Questions about R1603, Ontario Tower
What did unit R1603 last sell for?
AED 1,000,000 on 14 November 2023: AED 1,245 per sqft for 803 sqft. The unit has 3 registered sales; the first was AED 828,419 in November 2009.
What is the rent for unit R1603?
AED 78,000 a year on the contract signed on 27 June 2017. The previous contract, from June 2015, was AED 78,000.
How big is unit R1603?
803 sqft (74.6 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2010.
What is unit R1603 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 R1603, Ontario Tower
Starts from the last sale price (AED 1M, 14 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →