R1703, Ontario Tower
Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R1703, Ontario Tower
What is R1703 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 803 sqft
- Floor
- 17th of 25
- Parking
- B1-131
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 650K · December 2022
- Building
- Ontario Tower
About R1703, Ontario Tower
R1703 is a one-bedroom apartment of 803 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 December 2022 for AED 650,000, or AED 809 per sqft, in line with the AED 809 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 10 May 2024, is AED 80,000 a year: a gross yield of 12.3% on the 2022 price, before the service charge of about AED 14,300 a year.
Sales and rents for R1703 over time
R1703 has sold twice; 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 R1703 sits
All 89 1-beds →R1703 last sold in December 2022 at AED 809 per sqft, in line with what one-beds in Ontario Tower were fetching at the time (AED 809). 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. R1703's AED 80,000 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 17th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R1701 | Studio | 402 sqft | AED 550KAED 550,000 · Jul 2013July 2013 | 48,500 /yr | |
| R1702 | 982 sqft | AED 1.32MAED 1,320,000 · Sep 2025September 2025 | 95,798 /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 |
R1703, Ontario Tower in numbers
- Sold twice: first on 9 July 2013 for AED 1,000,000, last on 21 December 2022 for AED 650,000 (AED 809 per sqft).
- Rented since September 2014 on 10 Ejari contracts. The rent fell from AED 75,600 to AED 40,000 in 2021 and recovered to AED 80,000 by May 2024.
- At AED 80,000 a year the gross yield on the 2022 price is 12.3%, 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 10 May 2024.
Questions about R1703, Ontario Tower
What did unit R1703 last sell for?
AED 650,000 on 21 December 2022: AED 809 per sqft for 803 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in July 2013.
What is the rent for unit R1703?
AED 80,000 a year on the contract signed on 10 May 2024. The previous contract, from May 2023, was AED 62,000; the unit has been rented since September 2014.
How big is unit R1703?
803 sqft (74.6 sqm): a one-bedroom apartment on the 17th floor of a 25-storey tower completed in 2010.
What is unit R1703 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 R1703, Ontario Tower
Starts from the last sale price (AED 650K, 21 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →