R407, Ontario Tower
Sold prices and rental history: sold twice, last in April 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R407, Ontario Tower
What is R407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 4th of 25
- Parking
- B1-28
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.15M · April 2015
- Building
- Ontario Tower
About R407, Ontario Tower
R407 is a two-bedroom apartment of 982 sqft on the 4th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 9 April 2015 for AED 1,150,000, or AED 1,171 per sqft, 12% below the AED 1,324 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 15 March 2024, is AED 120,000 a year: a gross yield of 10.4% on the 2015 price, before the service charge of about AED 17,500 a year.
Sales and rents for R407 over time
R407 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ontario Tower, and where R407 sits
All 43 2-beds →R407 last sold in April 2015 at AED 1,171 per sqft, 12% below what two-beds in Ontario Tower were fetching at the time (AED 1,324). Over the last 12 months two-beds sold for AED 1,180,000 to 1,519,924, around AED 1,349 per sqft, and rent for AED 60,000 to 162,000 a year. R407's AED 120,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 982 sqft | 1,519,924 | 1,547 | ||
| 13 Jan 202613 January 2026 | 982 sqft | 1,300,000 | 1,323 | ||
| 12 Dec 202512 December 2025 | 982 sqft | 1,180,000 | 1,201 | ||
| 12 Dec 202512 December 2025 | 982 sqft | 1,350,000 | 1,374 |
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 4th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R401 | Studio | 402 sqft | AED 255KAED 255,000 · Mar 2024March 2024 | 58,000 /yr | |
| R402 | 2-bed | 982 sqft | AED 988KAED 987,714 · Apr 2013April 2013 | 60,000 /yr | |
| R403 | 1-bed | 803 sqft | AED 1.22MAED 1,215,000 · Nov 2014November 2014 | 70,000 /yr | |
| R404 | 802 sqft | AED 939KAED 939,247 · Aug 2025August 2025 | 90,000 /yr | ||
| R405 | 1-bed | 802 sqft | AED 925KAED 925,000 · Apr 2025April 2025 | 110,000 /yr | |
| R406 | 1-bed | 791 sqft | AED 930KAED 930,000 · May 2025May 2025 | 96,000 /yr |
R407, Ontario Tower in numbers
- Sold twice: first on 29 July 2013 for AED 1,070,023, last on 9 April 2015 for AED 1,150,000 (AED 1,171 per sqft).
- Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 97,000 to AED 60,000 in 2022 and recovered to AED 120,000 by March 2024.
- At AED 120,000 a year the gross yield on the 2015 price is 10.4%, before a service charge of about AED 17,500 a year (AED 17.81 per sqft).
- Two-beds in Ontario Tower sold for AED 1,180,000–1,519,924 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 15 March 2024.
Questions about R407, Ontario Tower
What did unit R407 last sell for?
AED 1,150,000 on 9 April 2015: AED 1,171 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,070,023 in July 2013.
What is the rent for unit R407?
AED 120,000 a year on the contract signed on 15 March 2024. The previous contract, from October 2023, was AED 110,000; the unit has been rented since September 2017.
How big is unit R407?
982 sqft (91.2 sqm): a two-bedroom apartment on the 4th floor of a 25-storey tower completed in 2010.
What is unit R407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ontario Tower sold for AED 1,180,000 to 1,519,924 in the last 12 months, around AED 1,349 per sqft.
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Mortgage on R407, Ontario Tower
Starts from the last sale price (AED 1.15M, 9 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →