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2-bed · 1,683 sqftU-Bora Tower 1 (Residential), Business Bay · 6th floor · completed 2011

607, U-Bora Tower 1 (Residential)

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 2 October 2023
Last soldAED 1.5M19 May 2023
Current rentAED 180K /yr2 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, U-Bora Tower 1 (Residential)

What is 607 worth today?

Last sold for AED 1,500,000 in 2023

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2 Oct 2023RentedNew contract
AED 180,000/yr12 months · AED 107 per sqft
19 May 2023SoldReady
AED 1,500,000AED 891 per sqft
6 Apr 2021RentedNew contract
AED 84,000/yr12 months · AED 50 per sqft
1 Jul 2017RentedRenewal
AED 135,000/yr5 months · AED 80 per sqft
1 Jul 2016RentedNew contract
AED 120,000/yr12 months · AED 71 per sqft
1 Jun 2015RentedNew contract
AED 151,000/yr12 months · AED 90 per sqft
1 Jun 2014RentedNew contract
AED 155,000/yr12 months · AED 92 per sqft
10 Nov 2013Sold by developerReady
AED 2,120,580AED 1,259 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 October 2023.

Key facts

Type
2-bed apartment
Size
1,683 sqft
Floor
6th of 16
Parking
P4-176
Developer
Bando Engineering & Construction Co
Completed
2011
Service charge
AED 30,100 /yr
Last sold
AED 1.5M · May 2023
Building
U-Bora Tower 1 (Residential)

About 607, U-Bora Tower 1 (Residential)

607 is a two-bedroom apartment of 1,683 sqft on the 6th 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 19 May 2023 for AED 1,500,000, or AED 891 per sqft, 10% above the AED 812 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 2 October 2023, is AED 180,000 a year: a gross yield of 12.0% on the 2023 price, before the service charge of about AED 30,100 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical two-bed in U-Bora Tower 1 (Residential)
1M2M2009201420192024Typical sale price by year: 2009 AED 2,465,475; 2012 AED 2,274,520; 2013 AED 1,969,770; 2014 AED 2,610,405; 2015 AED 2,200,000; 2016 AED 1,350,000; 2017 AED 1,812,500; 2020 AED 1,200,000; 2021 AED 1,525,000; 2022 AED 1,260,000; 2023 AED 1,550,000; 2024 AED 1,875,000; 2025 AED 2,575,000Sold by developer, November 2013: AED 2,120,580 (AED 1,259 per sqft)Sold, May 2023: AED 1,500,000 (AED 891 per sqft)

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

Rents
Unit 607, each contractTypical two-bed in U-Bora Tower 1 (Residential)
100K150K2012201620202024Typical rent by year: 2012 AED 86,001; 2013 AED 90,000; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 140,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 110,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 93,500; 2023 AED 103,000; 2024 AED 120,500; 2025 AED 136,453New contract, May 2013: AED 110,000 a yearNew contract, June 2014: AED 155,000 a yearNew contract, June 2015: AED 151,000 a yearNew contract, July 2016: AED 120,000 a yearRenewal, July 2017: AED 135,000 a yearNew contract, April 2021: AED 84,000 a yearNew contract, October 2023: AED 180,000 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 U-Bora Tower 1 (Residential), and where 607 sits

All 86 2-beds →

607 last sold in May 2023 at AED 891 per sqft, 10% above what two-beds in U-Bora Tower 1 (Residential) were fetching at the time (AED 812). 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. 607's AED 180,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20261,875,000
25 Jun 20252,050,000
3 Jun 20251,950,000
9 May 20252,850,000
1 2-bed sale in the last 12 months

U-Bora Tower 1 (Residential)

Building

225 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%
U-Bora Tower 1 (Residential), Business Bay: prices, sales and rents →

Other units on the 6th floor

All 225 units in U-Bora Tower 1 (Residential)
Value
6011-bedAED 876K · Sep 2013
6021-bedAED 893K · Jan 2014
6031-bedAED 800K · Jan 2022
6041-bedAED 1.3M · Jan 2014
605AED 1.24M · Nov 2025
6061-bedAED 750K · Nov 2019
6082-bedAED 1.75M · Mar 2012
1–7 of 15

607, U-Bora Tower 1 (Residential) in numbers

  • Sold twice: first on 10 November 2013 for AED 2,120,580, last on 19 May 2023 for AED 1,500,000 (AED 891 per sqft).
  • Rented since May 2013 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 84,000 in 2021 and recovered to AED 180,000 by October 2023.
  • At AED 180,000 a year the gross yield on the 2023 price is 12.0%, before a service charge of about AED 30,100 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 2 October 2023.

Questions about 607, U-Bora Tower 1 (Residential)

What did unit 607 last sell for?

AED 1,500,000 on 19 May 2023: AED 891 per sqft for 1,683 sqft. The unit has 2 registered sales; the first was AED 2,120,580 in November 2013.

What is the rent for unit 607?

AED 180,000 a year on the contract signed on 2 October 2023. The previous contract, from April 2021, was AED 84,000; the unit has been rented since May 2013.

How big is unit 607?

1,683 sqft (156.4 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2011.

What is unit 607 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 607, U-Bora Tower 1 (Residential)

Starts from the last sale price (AED 1.5M, 19 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

Plus AED 68,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →