Ontario Tower in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Ontario Tower

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	74	13,505	1,000,472
2	91	13,866	1,265,000

Rents in Ontario Tower

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	75	1,088	81,075

The cap rate (rental yield) of investments into Ontario Tower project is 8.0% on average.

The price of an apartment in Ontario Tower is 13,624 AED/sqm on average.

The long term rent of an apartment in Ontario Tower is 1,088 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Ontario Tower is 1,000,472 AED or 13,505 AED/sqm.
Price for completed 2 bedroom apartment in Ontario Tower is 1,265,000 AED or 13,866 AED/sqm.

Rent for 1 bedroom apartment in Ontario Tower is 81,075 AED or 1,088 AED/sqm.

About Ontario Tower

'Ontario Tower' in 'Business Bay' area project description

Ontario Tower is a mixed-use development project located in the heart of Dubai’s Business Bay. The project is a joint venture between Ontario Real Estate Investment Corporation and Dubai-based developer, Meraas. The project is set to be a modern and luxurious residential and commercial complex that will offer a unique lifestyle experience.

The Ontario Tower will be a state-of-the-art, high-rise building that will feature a total of 40 floors, with a total height of over 300 meters. It will offer a wide range of residential units, ranging from studio apartments to three-bedroom apartments. The tower will also feature a variety of commercial spaces, including retail outlets, restaurants, and office spaces.

The Ontario Tower will also feature a number of amenities, such as a swimming pool, a gym, a spa, and a rooftop terrace. The tower will also have a dedicated concierge service and 24-hour security.

The Ontario Tower is set to become an iconic landmark in the city of Dubai. The project is expected to be completed in 2021 and will be a major addition to the city’s skyline. The tower will be a symbol of modernity and luxury, and will be a great addition to the city’s real estate market.

The Ontario Tower is set to be an iconic landmark in the city of Dubai and will be a great addition to the city’s skyline. The project is expected to be completed in 2021 and will offer a unique lifestyle experience to its residents and visitors. The tower will be a symbol of modernity and luxury, and will be a great addition to the city’s real estate market.

Q&A on Ontario Tower

What are the advantages of 'Ontario Tower' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Ontario Tower is located in the heart of Dubai, providing easy access to the city’s major attractions, shopping malls, and other amenities.

2. Luxurious Amenities: The project offers a range of luxurious amenities such as a gym, swimming pool, and a rooftop terrace.

3. Affordable Prices: The project offers competitive prices, making it an attractive option for real estate buyers.

4. High Rental Returns: The project is expected to generate high rental returns due to its prime location and luxurious amenities.

5. Flexible Payment Plans: Ontario Tower offers flexible payment plans, making it easier for buyers to purchase their dream home.

What projects are better than 'Ontario Tower' project in Dubai which are located close by, and why?

* Executive Towers:
* Advantages:
* Located in the heart of Business Bay, offering easy access to the Dubai Metro and Sheikh Zayed Road.
* A range of residential, commercial, and retail spaces.
* Comprehensive amenities including pools, gyms, retail outlets, and children's play areas.
* High-quality construction and design with expansive layouts.

* Bay Square:
* Advantages:
* Mixed-use community combining residential, retail, dining, and office spaces.
* Pedestrian-friendly environment with landscaped gardens and walkways.
* Numerous dining and retail options at your doorstep.
* Proximity to Downtown Dubai and the Dubai Mall.

* The Atria:
* Advantages:
* Architectural design by Yoo Studio, founded by Philippe Starck.
* Mixed-use twin tower complex hosting both residences and hotel apartments.
* High-end amenities such as infinity pools, gym, spa, and a retail podium.
* Modern design with panoramic views of the Dubai Water Canal.

* Damac Paramount Towers:
* Advantages:
* Four-tower complex featuring hotel and residential use.
* Hollywood-inspired interiors and high-end finishes.
* State-of-the-art amenities including screening rooms, wellness centers, and roof-top infinity pools.
* Tremendous investment potential due to brand association and prime location.

* Capital Bay Towers:
* Advantages:
* Twin-tower residential development by Damac.
* Well-appointed furnished apartments with comprehensive facilities.
* Services such as lounge areas, outdoor spaces, and wellness facilities that enhance lifestyle.
* Location provides seamless access to commercial spaces and entertainment hubs.

* Ubora Towers:
* Advantages:
* Iconic mixed-use complex with residential and office towers.
* Award-winning design featuring sustainable and energy-efficient systems.
* Premium infrastructure and high-speed elevators.
* Strategically positioned for easy access to other parts of Business Bay and Downtown.

* Regal Tower:
* Advantages:
* Dedicated office development with high-specification infrastructure.
* Ideal for business professionals seeking proximity to corporate headquarters and other offices.
* Features business-centric amenities like meeting rooms and lounges.
* High floor-to-ceiling windows offering panoramic views of the area.

* Swiss Tower:
* Advantages:
* Commercial space designed in line with Swiss architecture standards.
* Advanced building systems and eco-friendly design.
* Financial district quality amenities, with easy navigation to metro stations and main roads.
* Popular among multinational firms and investors due to its prestigious reputation.

What are the closest schools to 'Ontario Tower' project in Dubai?

- Jumeirah English Speaking School (JESS) Jumeirah: Located in Al Safa, which is around 15 minutes' drive from Business Bay.
- GEMS Wellington Primary School: Situated in Al Satwa, approximately a 10-minute drive from Ontario Tower.
- Dubai International School Al Quoz: Located in the Al Quoz area, around a 15-minute drive from Business Bay.
- Horizon English School Dubai: Located in Al Safa, about a 15-minute drive away.
- South View School Dubai: Situated in Dubailand, approximately a 20-minute drive from Ontario Tower.
- Swiss International Scientific School: Located in the Al Jadaf area, approximately 20 minutes away by car.

What are the closest medical clinics to 'Ontario Tower' project in Dubai?

1. Emirates Hospital Clinic Business Bay – Located in Vision Tower, Business Bay.
2. Aster Clinic Business Bay – Located in Burlington Tower, Business Bay.
3. Mediclinic – Located in The Dubai Mall, Downtown Dubai.
4. Lifeline Clinic Downtown – Located in Executive Towers, Business Bay.
5. Euromed Clinic – Located in Concord Tower, Media City.