Business Bay
Ontario Tower
أونتاريو تاورROSE HOMES INVESTMENT (L.L.C) · Selling since 2008 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 300 units · 1 building · DLD target completion August 2010
Registered developer: ROSE HOMES INVESTMENT (L.L.C) (DLD no. 126)
Escrow account with Abu Dhabi Commercial Bank · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Business Bay
Median annual rent of AED 90,000 across 14,397 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Street View imagery near Ontario Tower, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 1,226/sqft
3yr CAGR · resales
-1.4%
Resale record
118 months
Registered resales here span 118 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Ontario Tower — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Ontario Tower over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Ontario Tower itself; the rest are homes of the same size in Business Bay, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 1.01M | AED 100,000/yrsame size in Business Bay | 9.9% | 16 |
| 2 beds | AED 1.28M | AED 110,000/yrsame size in Business Bay | 8.6% | 10 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 10.8% instead of 9.9%, because it prices the home at AED 925K — the median across every sale on record — rather than the AED 1.01M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2021 — AED 14/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 11,228 | AED 88,772 | 9.9% | 8.8% |
| 2 beds | AED 13,748 | AED 96,252 | 8.6% | 7.5% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Ontario Tower
How much does a home in Ontario Tower cost?
Over the last twelve months a completed 1-bedroom in Ontario Tower sold for a median AED 1.01M (16 ready sales), a 2-bedroom for AED 1.28M (10 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Ontario Tower?
A 1-bedroom rents for a median AED 100,000/yr (homes of about that size in Business Bay, 1,879 new tenancies), a 2-bedroom rents for a median AED 110,000/yr (homes of about that size in Business Bay, 2,079 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Ontario Tower, so every figure above is the rent for homes of that size in Business Bay — the area's rent, not this project's own.
What rental yield does Ontario Tower give?
Gross yields on completed homes in Ontario Tower run about 9.9% on a 1-bedroom, 8.6% on a 2-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Ontario Tower selling off-plan or as resales?
0% of the 67 sales registered in Ontario Tower in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Ontario Tower start selling?
The Land Department's register holds 682 sales in Ontario Tower, the earliest registered in 2008. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay median
-42.5%
Priced at or below the area's real median.
Developer track record
1,454 real transactions
3 completed · 1 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
High competitionWhen Ontario Tower completed in August 2010, 12 other other projects in Business Bay were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 146 more other projects in Business Bay are still in the pipeline overall.
The Prism
CREDO INVESTMENTS F Z E
Mar 2010
Hamilton Residency
Deyaar Development (P.J.S.C)
May 2010
Bayswater
OMNIYAT PROPERTIES DEVELOPMENT CORPORATION
May 2010
Scala Tower
AL MADAR INVESTMENT (L.L.C)
Sep 2010
One Business Bay
OMNIYAT PROPERTIES DEVELOPMENT CORPORATION
Oct 2010
Windsor Manor
A S G C CONSTRUCTION L.L.C
Nov 2010
Xl Tower
DAMAC PROPERTIES CO (L.L.C)
Dec 2010
Sobha Ivory
JUPITER ESTATES LIMITED
Dec 2010
Sobha Ivory - II
SOBHA PROPERTIES LIMITED
Dec 2010
Mayfair Residency
Deyaar Development (P.J.S.C)
Jan 2011
U-Bora Towers
BANDO ENGINEERING & CONSTRUCTION CO LTD - DUBAI BRANCH
Jan 2011
Business Tower
DAMAC PROPERTIES CO (L.L.C)
Feb 2011
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
615 m
Business Bay
Nearest school
1.2 km
JSS School
Nearest hospital
295 m
Nexx Home Healthcare Services
Nearest supermarket
178 m
zoom
Metro stations
- Business Bay615 m
- Burj Khalifa / Dubai Mall1.9 km
Schools
- JSS School1.2 km
- Al Safa High School1.2 km
- Horizon English School1.2 km
- Al Manar Quran Study Centre1.4 km
Hospitals & clinics
- Nexx Home Healthcare Services295 m
- Medcare Orthopaedics & Spine Hospital1.7 km
- MedCare Hospital2.0 km
- Mediclinic2.0 km
Supermarkets
- zoom178 m
- Wmart205 m
- Rich Supermarket234 m
- Deli Plus Mini Mart334 m
Bus stops
- Lillian Tower 2104 m
- Lillian Tower 1152 m
- The Binary Tower 1461 m
- The Binary Tower 2477 m
Pharmacies
- Medicina177 m
- Life Pharmacy371 m
- Health First396 m
- Life Pharmacy603 m
Malls
- Bay Avenue Mall625 m
- Al Wasl Centre1.1 km
- Al Faris Mall1.5 km
- Mazaya Shopping Centre1.5 km
Parks
- Bayside Park 177 m
- Family Hub324 m
- Action Hub467 m
- Action Hub491 m
Mosques
- Al Safa Mosque893 m
- Masjid Al Ghafoor1.2 km
- Al Qasimi Mosque1.5 km
- Shaikha Abdulla Salem2.2 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Building in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Business Bay
Buying in Ontario Tower?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample