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Ontario Tower

A 1 bed in Ontario Tower costs a median AED 1.00M, rents long-let for AED 75,000/yr (7.50% gross), and returns 12.47% short-term at the assumed 80% occupancy.

  • Ask
Buy · 1 bed
1.00MAED
AED 1,248/sqft · +14.7% 12mo
Long-let
AED 75,000/yr · +0.6 pts vs area
7.50%
Short-term (modelled)
AED 560/night · 0.70/sqft
12.47%

17 sales · 39 rental contracts in 12 months · Data to 2026-09-11 · refreshed 2026-09-16

Appreciation

1 bed · price per sqft · Business Bay · area median AED 2,027/sqft

Price per sqft, 12 months
+14.7%
3 years
+30.9% · +9.4%/yr
vs area median
-38.4%
Rank by price per sqft
114th of 121

Rental income

1 bed · Business Bay

Gross yield
7.50%
Median new rent
AED 75,000/yr
Yield vs area median
+0.6 pts
Yield vs Dubai (6.94%)
+0.6 pts
Yield rank
9th of 74
Renewal rent
AED 74,000/yr

Short-term income

1 bed · 80% occupancy · 7-night stays · within 500 m

Median nightly rate
AED 560
Net revenue
AED 124,739/yr
vs long-let rent
1.7×
Listings seen
45+

1 bed figures rest on 17 registered sales and 39 new rental contracts in the 12 months to 2026-09-11; rents from this building. Latest price record Sept 2026.

How 7.50% is calculated
Gross yield
7.50% gross yield
Numerator
AED 75,000 median new rent · 39 contracts in 12 months
Denominator
÷ AED 1,000,000 price benchmark
Benchmark basis
Median of 17 sales in the last 12 months · latest Sept 2026

Price per sqft: Median of 17 registered sales of ready units in the last 12 months, most recent September 2026.

Short-term yield is modelled: net revenue at 80% occupancy ÷ the same price benchmark. Occupancy is an assumption, not a measurement; the dial in the short-term section changes it.

Ontario Tower is an apartment building in Business Bay, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records from 2015 to 2026 contain 186 registered sales across all bedroom types. Current sale figures use the last 12 months; rental medians use new Ejari contracts from the same period.

Yield by bedroom type

TypeMedian priceAED/sqftYieldNew rent (contracts)12moSales
StudioAED 700,00017418.55%
+1.5 pts
AED 59,839
7
under 5 sales in a year3
1 bedAED 1.00M12487.50%
+0.6 pts
AED 75,000
39
+14.7%17
2 bedAED 1.25M12738.44%
+1.8 pts
AED 105,500
28
+3.3%11

Deltas compare each yield with the Business Bay median for the same unit type. How these yields are computed

How these yields are computed
Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike. Each bedroom type is priced off its own sales; the columns beside each yield show both legs and the sales the benchmark rests on.
  • Studio: price benchmark AED 700,000 · 3 sales in 12 months · latest Jan 2026
  • 1 bed: price benchmark AED 1.00M · 17 sales in 12 months · latest Sept 2026
  • 2 bed: price benchmark AED 1.25M · 11 sales in 12 months · latest Sept 2026

Worked example: gross yield, costs and shared rental evidence

Short-term rates around Ontario Tower

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-term rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
80%

80% is the published assumption. Move the dial to model a different occupancy; the site's own figures keep 80%.

TypeNightly, AEDAED/night/sqftNet revenue at 80%Long-let rentUpliftNet yieldListings seen
Studio500 m cluster4761.18AED 110,705AED 59,8391.9×15.82%6+
1 bed500 m cluster5600.70AED 124,739AED 75,0001.7×12.47%45+
2 bed9610.98AED 220,647AED 105,5002.1×17.65%1+

At 80% occupancy. · Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

1 bed: first Oct 2026, 0.59 AED/night/sqft; latest Sep 2027, 0.54 AED/night/sqft; peak Jan 2027, 0.83 AED/night/sqft.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Ontario Tower itself had too few listings of that type to measure.

Off-plan vs resale

What units sold for at launch against what the finished building resells for now, all unit types.

Launch median
1,080AED/sqft
off-plan sales 2009–2011 · 27 sales · AED 880,308 typical
Resale today
1,273AED/sqft
ready sales, last 12 months · 31 sales · AED 1.05M typical
Uplift
+19.3%
+1.1%/yr from the launch midpoint

Units sold off-plan in Ontario Tower between 2009 and 2011 went for a median of AED 1,080/sqft. The same building resells today at AED 1,273/sqft, an uplift of +19.3%.

Based on 27 off-plan sales across the building's full history.

Why this uses the full history
The launch median uses all-history off-plan sales; the resale median uses ready sales in the trailing 12 months. These are unpaired transaction groups at building grain, not matched unit resales or realised investor gains. Costs are excluded.

Recent transactions

As filed with the Land Department — data to 2026-09-11.

31 resales in the last 12 months, against 32 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
8 Sept 20261 bed802AED 800,000997
3 Sept 20262 bed982AED 1,100,0001,120
17 Aug 20262 bed982AED 1,203,9721,226
20 Jul 20261 bed802AED 1,050,0001,309
17 Jun 20261 bed802AED 1,012,6921,263
12 Jun 20261 bed802AED 880,0001,097
22 May 20261 bed796AED 1,047,2281,316
12 May 20261 bed791AED 1,048,7921,326
20 Feb 20262 bed982AED 1,506,2991,534
19 Feb 20262 bed982AED 1,250,0001,273
18 Feb 20262 bed982AED 1,519,9241,548
3 Feb 20261 bed803AED 1,200,0001,494
14 Jan 20262 bed982AED 1,300,0001,324
8 Jan 2026Studio402AED 740,0001,841
2 Jan 20261 bed802AED 1,062,0401,324
23 Dec 20251 bed802AED 1,075,0001,340
15 Dec 20252 bed982AED 1,180,0001,202
12 Dec 20252 bed982AED 1,350,0001,375
5 Dec 20251 bed802AED 946,0001,180
3 Dec 20251 bed801AED 1,100,0001,373
1 Dec 20251 bed791AED 939,7961,188
1 Dec 20251 bed791AED 941,5631,190
4 Nov 2025Studio402AED 700,0001,741
23 Oct 20252 bed982AED 1,170,0001,191
20 Oct 2025Studio398AED 640,0001,608
15 Oct 20251 bed791AED 950,0001,201
9 Oct 20252 bed982AED 1,200,0001,222
1 Oct 20251 bed802AED 970,0001,209
1 Oct 20251 bed803AED 1,000,0001,245
25 Sept 20252 bed982AED 1,320,0001,344
15 Sept 20251 bed801AED 1,000,0001,248
Showing 10 of 31

31 resales in the last 12 months.

Comparables in Business Bay

Every Business Bay building with a page, ranked by price per sqft over the same 12 months, all unit types. Ontario Tower places 143rd of 150; the nearest 8 are shown.

RankBuildingAED/sqftvs Ontario TowerMedian priceYield12moSales
139East Heights 41,334+4.8%AED 1.70M+6.7%35
140Fairview1,328+4.3%AED 1.13M6.84%-1.3%12
141Burj Pacific1,300+2.1%AED 2.03M-13.3%9
142Capital Bay A1,289+1.3%AED 995,0006.13%+11.7%18
143Ontario Tower · this building1,273AED 1.05M7.62%+11.6%31
144Park Central1,270-0.2%AED 980,9937.63%+12.2%20
145Capital Bay B1,262-0.9%AED 745,0008.05%+7.7%26
146Bay Square - 131,238-2.8%AED 1.92M4.82%3
147U-Bora Tower 11,227-3.6%AED 1.25M7.20%+1.6%20

Rank 1 is the dearest per square foot. Differences are against Ontario Tower (AED 1,273/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 1 bed, Ontario Tower has registered sale prices 38% below the Business Bay median price per square foot of 2,027 AED, across 121 eligible buildings. It ranks 114th of 121 by price per square foot and 9th of 74 by gross yield in Business Bay.

Where Ontario Tower stands

Ontario Tower in Business Bay, what the register names nearby, and the building as registered with the Dubai Land Department as of September 2026. Counts are as registered, not as built or as operated.

Pinned from Google's place record for the registered name.Open in Google Maps
Metro
Business Bay Metro Station
Mall
Dubai Mall
Landmark
Downtown Dubai
Floors
30
Flats
175

Before you decide

The facts that can change the return, each with the date it rests on.

Filled dot: on record. Hollow: read with care. Dashed: a gap the site cannot close from public data.

Common questions

What is the rental yield in Ontario Tower?
Ontario Tower returns 7.50% gross: a median new-contract rent of AED 75,000 a year (39 Ejari contracts in 12 months) over a price benchmark of AED 1.00M (median of 17 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
How much does a 1 bedroom in Ontario Tower cost?
The median registered sale price is AED 1.00M (1,248 AED/sqft), from 17 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
What are apartments in Ontario Tower selling for right now?
Registered sales of ready units in Ontario Tower over the last 12 months have a median of 1,248 AED/sqft, across 17 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Ontario Tower risen or fallen?
Median price per square foot moved +14.7% over the last 12 months against the 12 before it, on 17 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Ontario Tower compare with Business Bay?
Its 7.50% gross yield sits +0.6 pts against the Business Bay median of 6.86%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data to 2026-09-11, refreshed 2026-09-16. Short-term rates are collected separately from public Airbnb search results.

Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike. Each yield states its price benchmark and evidence count beside it. Short-term yields are modelled at an assumed 80% occupancy over the same benchmark.

Ontario Tower sale record

Record type
Building-level property market record
Data date
· refreshed
Evidence base
17 registered sales in the trailing 12 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Canonical record
/sale/apartments/dubai/business-bay/ontario-tower
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Ontario Tower sale prices and yield.” Business Bay, Dubai. Data to 2026-09-11. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/ontario-tower

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.

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