R1605, Ontario Tower
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1605, Ontario Tower
What is R1605 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 16th of 25
- Parking
- B1-109
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 831K · August 2009
- Building
- Ontario Tower
About R1605, Ontario Tower
R1605 is a one-bedroom apartment of 802 sqft on the 16th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. The developer sold it on 10 August 2009 for AED 831,402, or AED 1,036 per sqft, 6% below the AED 1,101 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 66,125 a year: a gross yield of 8.0% on the 2009 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1605 over time
R1605 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 R1605 sits
All 89 1-beds →R1605 last sold in August 2009 at AED 1,036 per sqft, 6% below what one-beds in Ontario Tower were fetching at the time (AED 1,101). 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. R1605's AED 66,125 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 | |
| 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 | |
| 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 |
R1605, Ontario Tower in numbers
- Sold once: by Rose Homes Investment on 10 August 2009 for AED 831,402, or AED 1,036 per sqft.
- Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 58,000 to AED 42,000 in 2021 and recovered to AED 66,125 by May 2024.
- At AED 66,125 a year the gross yield on the 2009 price is 8.0%, 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: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.
Questions about R1605, Ontario Tower
What did unit R1605 last sell for?
AED 831,402 on 10 August 2009, sold by the developer: AED 1,036 per sqft for 802 sqft. It is the only registered sale of the unit.
What is the rent for unit R1605?
AED 66,125 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 57,500; the unit has been rented since November 2019.
How big is unit R1605?
802 sqft (74.5 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2010.
What is unit R1605 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 R1605, Ontario Tower
Starts from the last sale price (AED 831K, 10 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 831,402
- Deposit, UAE resident (20%)
- AED 166,280
- Deposit, non-resident (40%)
- AED 332,561
- Monthly over 25 years at 3.7%
- AED 3,402
Plus AED 39,929 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →