2-bed · 982 sqftOntario Tower, Business Bay · 8th floor · completed 2010

R807, Ontario Tower

Sold prices and rental history: sold twice, last in May 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R807 · DLD and Ejari recordsUpdated 20 August 2018
Last soldAED 1.07M2 May 2011
Current rentAED 75K /yr20 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for R807, Ontario Tower

What is R807 worth today?

Last sold for AED 1,070,024 in 2011

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20 Aug 2018RentedNew contract
AED 75,000/yr12 months · AED 77 per sqft
1 Jul 2018RentedNew contract
AED 80,000/yr12 months · AED 82 per sqft
28 Feb 2016RentedNew contract
AED 100,000/yr12 months · AED 102 per sqft
24 Jan 2015RentedRenewal
AED 95,000/yr12 months · AED 97 per sqft
24 Jan 2014RentedNew contract
AED 95,000/yr12 months · AED 97 per sqft
2 May 2011SoldReady
AED 1,070,024AED 1,089 per sqft
4 Aug 2009Sold by developerOff-plan
AED 1,070,024AED 1,089 per sqft

Source: Dubai Land Department. Updated 20 August 2018.

Key facts

Type
2-bed apartment
Size
982 sqft
Floor
8th of 25
Parking
B1-56
Developer
Rose Homes Investment
Completed
2010
Service charge
AED 17,500 /yr
Last sold
AED 1.07M · May 2011

About R807, Ontario Tower

R807 is a two-bedroom apartment of 982 sqft on the 8th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 2 May 2011 for AED 1,070,024, or AED 1,089 per sqft, 19% below the AED 1,347 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 20 August 2018, is AED 75,000 a year: a gross yield of 7.0% on the 2011 price, before the service charge of about AED 17,500 a year.

Sales and rents for R807 over time

Sales
Unit R807, each saleTypical two-bed in Ontario Tower
800K1M1.2M2009201420192024Typical sale price by year: 2009 AED 1,096,633; 2011 AED 1,117,000; 2012 AED 1,029,133; 2013 AED 1,300,000; 2014 AED 1,260,012; 2017 AED 1,200,000; 2019 AED 875,000; 2022 AED 860,000; 2023 AED 875,000; 2024 AED 1,290,000; 2025 AED 1,220,000Sold by developer, August 2009: AED 1,070,024 (AED 1,089 per sqft)Sold, May 2011: AED 1,070,024 (AED 1,089 per sqft)

R807 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit R807, each contractTypical two-bed in Ontario Tower
50K75K100K2013201720212025Typical rent by year: 2013 AED 69,613; 2014 AED 93,500; 2015 AED 105,000; 2016 AED 101,550; 2017 AED 95,000; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 60,000; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 95,000; 2024 AED 102,850; 2025 AED 104,500; 2026 AED 103,000New contract, January 2014: AED 95,000 a yearRenewal, January 2015: AED 95,000 a yearNew contract, February 2016: AED 100,000 a yearNew contract, July 2018: AED 80,000 a yearNew contract, August 2018: AED 75,000 a year

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 R807 sits

All 43 2-beds →

R807 last sold in May 2011 at AED 1,089 per sqft, 19% below what two-beds in Ontario Tower were fetching at the time (AED 1,347). 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. R807's AED 75,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20261,519,924
13 Jan 20261,300,000
12 Dec 20251,180,000
12 Dec 20251,350,000
4 2-bed sales in the last 12 months

Ontario Tower

Building

175 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%
Ontario Tower, Business Bay: prices, sales and rents →

Other units on the 8th floor

All 175 units in Ontario Tower
Value
R8011-bedAED 550K · Apr 2013
R8022-bedAED 1.07M · Sep 2013
R8031-bedAED 850K · Mar 2012
R8041-bedAED 607K · Jul 2019
R805AED 1.1M · Aug 2025
R8061-bedAED 1M · Oct 2013

R807, Ontario Tower in numbers

  • Sold twice: first on 4 August 2009 for AED 1,070,024, last on 2 May 2011 for AED 1,070,024 (AED 1,089 per sqft).
  • Rented since January 2014 on 5 Ejari contracts, from AED 95,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2011 price is 7.0%, 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 20 August 2018.

Questions about R807, Ontario Tower

What did unit R807 last sell for?

AED 1,070,024 on 2 May 2011: AED 1,089 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,070,024 in August 2009.

What is the rent for unit R807?

AED 75,000 a year on the contract signed on 20 August 2018. The previous contract, from July 2018, was AED 80,000; the unit has been rented since January 2014.

How big is unit R807?

982 sqft (91.2 sqm): a two-bedroom apartment on the 8th floor of a 25-storey tower completed in 2010.

What is unit R807 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 R807, Ontario Tower

Starts from the last sale price (AED 1.07M, 2 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,070,024
Deposit, UAE resident (20%)
AED 214,005
Deposit, non-resident (40%)
AED 428,010
Monthly over 25 years at 3.7%
AED 4,378

Plus AED 49,951 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →