Ontario Tower, Business Bay: sale prices and transactions
Ontario Tower is a project registered with the Dubai Land Department (project no. 349) in Business Bay. Since January 2009, 417 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 31 sales closed at a median AED 13,793 per m² (AED 1,281 per sq ft).
- AED 13,793median price per m²
- AED 1,281median price per sq ft
- 417sales since 2009
- 31sales in 12 months
- +7.1%change year on year
- 175registered homes
Its price per m² is 46% below the Business Bay median (AED 25,523/m²). 93.5% of sales are completed homes: an established project with a resale track record.
Ontario Tower prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 4 | AED 670,000 | 37 m² |
| Apartment · 1 bedroom | 14 | AED 1,029,960 | 75 m² |
| Apartment · 2 bedrooms | 13 | AED 1,203,972 | 91 m² |
Ontario Tower price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 9 | AED 8,769 | AED 815 | — |
| 2022 | 14 | AED 9,317 | AED 866 | — |
| 2023 | 16 | AED 10,267 | AED 954 | +10.2% |
| 2024 | 41 | AED 11,408 | AED 1,060 | +11.1% |
| 2025 | 40 | AED 12,934 | AED 1,202 | +13.4% |
| 2026 (to mid-October) | 21 | AED 13,793 | AED 1,281 | +6.6% |
Ontario Tower rents
116 Ejari contracts started in the project over the last 12 months. Indicative gross yield: 1 bedroom 7.2%, 2 bedrooms 8.4%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 20 | AED 50,020 | 47,250 – 60,000 | AED 48,000 |
| Apartment · 1 bedroom | 60 | AED 74,500 | 69,318 – 80,000 | AED 74,158 |
| Apartment · 2 bedrooms | 35 | AED 100,930 | 90,000 – 120,000 | AED 105,500 |
Registered homes at Ontario Tower
The DLD register lists 175 homes for this project across 1 building (up to 30 floors), with a median size of 75 m².
- Studio: 24
- 1 bedroom: 100
- 2 bedrooms: 51
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Business Bay
Same price per m² elsewhere in Dubai
- Aura Prestige, Silicon Oasis — AED 13,789/m²
- Jade Tower, Majan — AED 13,793/m²
- Sun Point Dubai, International Media Production Zone — AED 13,780/m²
- Escan Marina Tower, Dubai Marina — AED 13,773/m²
Other projects in Business Bay
- Clayton Residency — AED 13,796/m²
- Windsor Manor — AED 13,979/m²
- Burj Pacific — AED 13,993/m²
- Scala Tower — AED 14,132/m²
- Safeer Tower 1 — AED 14,198/m²
- Park Central — AED 13,243/m²
- U-Bora Towers — AED 13,222/m²
- Capital Bay B — AED 13,129/m²
Business Bay property prices · Business Bay rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Ontario Tower?
Over the last 12 months the median is AED 1,281 per sq ft (AED 13,793 per m²) across 31 DLD sales.
How much is a studio at Ontario Tower?
Median sale price AED 670,000 for a median 37 m², across 4 sales over the last 12 months.
How many sales have been registered at Ontario Tower?
417 residential sales registered with the DLD between January 2009 and October 2026, 6.5% of them off-plan.
Where is Ontario Tower?
In Business Bay, Dubai; nearest metro station per the DLD: Business Bay Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Registered units: DLD "Units" and "Buildings" datasets (data.dubai).
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.