R501, Ontario Tower
Sold prices and rental history: sold twice, last in April 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R501, Ontario Tower
What is R501 worth today?
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Source: Dubai Land Department. Updated 11 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 402 sqft
- Floor
- 5th of 25
- Parking
- B1-29
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 7,200 /yr
- Last sold
- AED 400K · April 2012
- Building
- Ontario Tower
About R501, Ontario Tower
R501 is a studio of 402 sqft on the 5th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 10 April 2012 for AED 399,613, or AED 993 per sqft, 8% below the AED 1,084 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 11 November 2024, is AED 48,000 a year: a gross yield of 12.0% on the 2012 price, before the service charge of about AED 7,200 a year.
Sales and rents for R501 over time
R501 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 R501 sits
All 22 studios →R501 last sold in April 2012 at AED 993 per sqft, 8% below what studios in Ontario Tower were fetching at the time (AED 1,084). 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 5th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R502 | 2-bed | 982 sqft | AED 1.3MAED 1,300,000 · Jan 2026January 2026 | 105,000 /yr | |
| R503 | 2-bed | 803 sqft | AED 710KAED 710,000 · Jan 2023January 2023 | 72,000 /yr | |
| R504 | 1-bed | 802 sqft | AED 850KAED 850,000 · Jun 2024June 2024 | 68,326 /yr | |
| R505 | 1-bed | 802 sqft | AED 715KAED 715,000 · Nov 2022November 2022 | 45,000 /yr | |
| R506 | 1-bed | 791 sqft | AED 1.23MAED 1,225,000 · Aug 2014August 2014 | 75,000 /yr | |
| R507 | 2-bed | 982 sqft | AED 1.25MAED 1,250,000 · Oct 2016October 2016 | 90,000 /yr |
R501, Ontario Tower in numbers
- Sold twice: first on 4 August 2009 for AED 399,613, last on 10 April 2012 for AED 399,613 (AED 993 per sqft).
- Rented since August 2018 on 7 Ejari contracts. The rent fell from AED 43,000 to AED 30,000 in 2021 and recovered to AED 48,000 by November 2024.
- At AED 48,000 a year the gross yield on the 2012 price is 12.0%, 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: Dubai Land Department. Updated 11 November 2024.
Questions about R501, Ontario Tower
What did unit R501 last sell for?
AED 399,613 on 10 April 2012: AED 993 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 399,613 in August 2009.
What is the rent for unit R501?
AED 48,000 a year on the contract renewed on 11 November 2024. The previous contract, from November 2023, was AED 47,250; the unit has been rented since August 2018.
How big is unit R501?
402 sqft (37.3 sqm): a studio on the 5th floor of a 25-storey tower completed in 2010.
What is unit R501 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 R501, Ontario Tower
Starts from the last sale price (AED 400K, 10 April 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 399,613
- Deposit, UAE resident (20%)
- AED 79,923
- Deposit, non-resident (40%)
- AED 159,845
- Monthly over 25 years at 3.7%
- AED 1,635
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →