R1701, Ontario Tower
Sold prices and rental history: sold twice, last in July 2013, 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 R1701, Ontario Tower
What is R1701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 17th of 25
- Parking
- B1-129
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 550K · July 2013
- Building
- Ontario Tower
About R1701, Ontario Tower
R1701 is a studio of 402 sqft on the 17th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 21 July 2013 for AED 550,000, or AED 1,368 per sqft, 20% above the AED 1,144 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 48,500 a year: a gross yield of 8.8% on the 2013 price, before the service charge of about AED 7,200 a year.
Sales and rents for R1701 over time
R1701 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 R1701 sits
All 22 studios →R1701 last sold in July 2013 at AED 1,368 per sqft, 20% above what studios in Ontario Tower were fetching at the time (AED 1,144). 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 17th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1702 | 982 sqft | AED 1.32MAED 1,320,000 · Sep 2025September 2025 | 95,798 /yr | ||
| R1703 | 1-bed | 803 sqft | AED 650KAED 650,000 · Dec 2022December 2022 | 80,000 /yr | |
| R1704 | 1-bed | 802 sqft | AED 650KAED 650,000 · Dec 2022December 2022 | 64,000 /yr | |
| R1705 | 1-bed | 802 sqft | AED 1.05MAED 1,050,000 · Jan 2014January 2014 | 62,000 /yr | |
| R1706 | 1-bed | 791 sqft | AED 1.1MAED 1,100,000 · Jul 2013July 2013 | 69,300 /yr | |
| R1707 | 2-bed | 982 sqft | AED 882KAED 881,887 · Jul 2013July 2013 | 125,000 /yr |
R1701, Ontario Tower in numbers
- Sold twice: first on 5 September 2011 for AED 581,256, last on 21 July 2013 for AED 550,000 (AED 1,368 per sqft).
- Rented since August 2016 on 10 Ejari contracts. The rent fell from AED 60,000 to AED 33,000 in 2021 and recovered to AED 48,500 by September 2025.
- At AED 48,500 a year the gross yield on the 2013 price is 8.8%, 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: YallaValue analysis of Dubai Land Department records. Updated 1 September 2025.
Questions about R1701, Ontario Tower
What did unit R1701 last sell for?
AED 550,000 on 21 July 2013: AED 1,368 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 581,256 in September 2011.
What is the rent for unit R1701?
AED 48,500 a year on the contract renewed on 1 September 2025. The previous contract, from September 2024, was AED 48,500; the unit has been rented since August 2016.
How big is unit R1701?
402 sqft (37.3 sqm): a studio on the 17th floor of a 25-storey tower completed in 2010.
What is unit R1701 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 R1701, Ontario Tower
Starts from the last sale price (AED 550K, 21 July 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus AED 28,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →