R707, Ontario Tower
Sold prices and rental history: sold twice, last in June 2011, 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 R707, Ontario Tower
What is R707 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 982 sqft
- Floor
- 7th of 25
- Parking
- B1-175,B1-176
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 17,500 /yr
- Last sold
- AED 1.11M · June 2011
- Building
- Ontario Tower
About R707, Ontario Tower
R707 is a two-bedroom apartment of 982 sqft on the 7th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 28 June 2011 for AED 1,108,265, or AED 1,128 per sqft, in line with the AED 1,137 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 1 July 2024, is AED 84,000 a year: a gross yield of 7.6% on the 2011 price, before the service charge of about AED 17,500 a year.
Sales and rents for R707 over time
R707 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 R707 sits
All 43 2-beds →R707 last sold in June 2011 at AED 1,128 per sqft, in line with what two-beds in Ontario Tower were fetching at the time (AED 1,137). 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. R707's AED 84,000 is in the lower 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 7th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R701 | Studio | 402 sqft | AED 666KAED 666,225 · Jan 2017January 2017 | 59,839 /yr | |
| R702 | 2-bed | 982 sqft | AED 1.53MAED 1,528,605 · May 2011May 2011 | ||
| R703 | 1-bed | 803 sqft | AED 800KAED 800,000 · Dec 2023December 2023 | 68,000 /yr | |
| R704 | 1-bed | 802 sqft | AED 555KAED 555,000 · Dec 2019December 2019 | 65,520 /yr | |
| R705 | 1-bed | 802 sqft | AED 1.08MAED 1,075,000 · Dec 2025December 2025 | 92,000 /yr | |
| R706 | 1-bed | 791 sqft | AED 1MAED 1,000,000 · Oct 2013October 2013 | 74,500 /yr |
R707, Ontario Tower in numbers
- Sold twice: first on 4 August 2009 for AED 1,108,265, last on 28 June 2011 for AED 1,108,265 (AED 1,128 per sqft).
- Rented since April 2014 on 9 Ejari contracts. The rent fell from AED 100,000 to AED 58,000 in 2022 and recovered to AED 84,000 by July 2024.
- At AED 84,000 a year the gross yield on the 2011 price is 7.6%, 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: Dubai Land Department. Updated 1 July 2024.
Questions about R707, Ontario Tower
What did unit R707 last sell for?
AED 1,108,265 on 28 June 2011: AED 1,128 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,108,265 in August 2009.
What is the rent for unit R707?
AED 84,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2023, was AED 70,000; the unit has been rented since April 2014.
How big is unit R707?
982 sqft (91.2 sqm): a two-bedroom apartment on the 7th floor of a 25-storey tower completed in 2010.
What is unit R707 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 R707, Ontario Tower
Starts from the last sale price (AED 1.11M, 28 June 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,108,265
- Deposit, UAE resident (20%)
- AED 221,653
- Deposit, non-resident (40%)
- AED 443,306
- Monthly over 25 years at 3.7%
- AED 4,534
Plus AED 51,558 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →