409, U-Bora Tower 1 (Residential)
Sold prices and rental history: sold 3 times, last in May 2024, 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 409, U-Bora Tower 1 (Residential)
What is 409 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,563 sqft
- Floor
- 4th of 16
- Parking
- P4-023
- Developer
- Bando Engineering & Construction Co
- Completed
- 2011
- Service charge
- AED 28,000 /yr
- Last sold
- AED 1.77M · May 2024
- Building
- U-Bora Tower 1 (Residential)
About 409, U-Bora Tower 1 (Residential)
409 is a two-bedroom apartment of 1,563 sqft on the 4th floor of U-Bora Tower 1 (Residential), a 16-storey tower in Business Bay completed in 2011 by Bando Engineering & Construction Co. It last sold on 10 May 2024 for AED 1,765,000, or AED 1,129 per sqft, 10% above the AED 1,022 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 129,082 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 28,000 a year.
Sales and rents for 409 over time
409 has sold 3 times; 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 U-Bora Tower 1 (Residential), and where 409 sits
All 86 2-beds →409 last sold in May 2024 at AED 1,129 per sqft, 10% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 1,022). Over the last 12 months two-beds sold for AED 1,875,000, around AED 1,198 per sqft, and rent for AED 120,000 to 190,000 a year. 409's AED 129,082 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 | 1,564 sqft | 1,875,000 | 1,198 | ||
| 25 Jun 202525 June 2025 | 1,564 sqft | 2,050,000 | 1,310 | ||
| 3 Jun 20253 June 2025 | 1,563 sqft | 1,950,000 | 1,247 | ||
| 9 May 20259 May 2025 | 1,913 sqft | 2,850,000 | 1,489 |
U-Bora Tower 1 (Residential)
Building225 apartments, 1-bed to 3-bed over 16 floors in Business Bay, completed in 2011 by Bando Engineering & Construction Co. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,227
- Typical sale
- AED 1.29M
- Typical rent
- AED 95K /yr
- Typical yield
- 7.9%
Other units on the 4th floor
All 225 units in U-Bora Tower 1 (Residential)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 695 sqft | AED 880KAED 880,000 · Dec 2024December 2024 | 80,000 /yr | |
| 402 | 1-bed | 714 sqft | AED 996KAED 995,500 · Sep 2013September 2013 | 80,000 /yr | |
| 403 | 1-bed | 1,294 sqft | AED 1.3MAED 1,300,000 · Nov 2024November 2024 | 85,000 /yr | |
| 404 | 1-bed | 1,038 sqft | AED 1.28MAED 1,276,740 · Nov 2013November 2013 | 85,000 /yr | |
| 405 | 1-bed | 1,007 sqft | AED 1.24MAED 1,238,610 · Sep 2013September 2013 | 90,000 /yr | |
| 406 | 1-bed | 1,359 sqft | AED 1.66MAED 1,664,775 · Apr 2014April 2014 | 90,000 /yr | |
| 407 | 2-bed | 1,966 sqft | AED 2.63MAED 2,634,720 · Feb 2014February 2014 | 130,000 /yr | |
| 408 | 2-bed | 1,551 sqft | AED 1.92MAED 1,923,240 · Dec 2013December 2013 | 144,000 /yr | |
| 410 | 2-bed | 1,564 sqft | AED 1.94MAED 1,939,360 · Sep 2013September 2013 | 97,500 /yr | |
| 411 | 2-bed | 1,586 sqft | AED 1.8MAED 1,800,000 · Sep 2024September 2024 | 104,000 /yr | |
| 412 | 2-bed | 2,053 sqft | AED 2.1MAED 2,100,000 · Dec 2023December 2023 | 85,000 /yr | |
| 413 | 1-bed | 930 sqft | AED 1.27MAED 1,268,300 · Apr 2014April 2014 | 50,000 /yr | |
| 414 | 1-bed | 930 sqft | AED 1.15MAED 1,150,000 · Nov 2024November 2024 | 100,000 /yr | |
| 415 | 1-bed | 931 sqft | AED 1.1MAED 1,100,000 · Jan 2025January 2025 | 100,000 /yr | |
| 416 | 1-bed | 930 sqft | AED 723KAED 723,243 · Jul 2021July 2021 | 50,000 /yr |
409, U-Bora Tower 1 (Residential) in numbers
- Sold 3 times: first on 9 July 2013 for AED 2,084,940, last on 10 May 2024 for AED 1,765,000 (AED 1,129 per sqft).
- Rented since August 2014 on 8 Ejari contracts. The rent fell from AED 90,000 to AED 80,000 in 2021 and recovered to AED 129,082 by October 2024.
- At AED 129,082 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 28,000 a year (AED 17.90 per sqft).
- Two-beds in U-Bora Tower 1 (Residential) sold for AED 1,875,000–1,875,000 in the 12 months to November 2026; the building's median across all types is AED 1,227 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.
Questions about 409, U-Bora Tower 1 (Residential)
What did unit 409 last sell for?
AED 1,765,000 on 10 May 2024: AED 1,129 per sqft for 1,563 sqft. The unit has 3 registered sales; the first was AED 2,084,940 in July 2013.
What is the rent for unit 409?
AED 129,082 a year on the contract renewed on 1 October 2024. The previous contract, from October 2024, was AED 129,082; the unit has been rented since August 2014.
How big is unit 409?
1,563 sqft (145.2 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2011.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in U-Bora Tower 1 (Residential) sold for AED 1,875,000 to 1,875,000 in the last 12 months, around AED 1,198 per sqft.
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Mortgage on 409, U-Bora Tower 1 (Residential)
Starts from the last sale price (AED 1.77M, 10 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,765,000
- Deposit, UAE resident (20%)
- AED 353,000
- Deposit, non-resident (40%)
- AED 706,000
- Monthly over 25 years at 3.7%
- AED 7,221
Plus AED 79,140 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →