Properties for sale in Ontario Tower

Your Guide to Properties for Sale in Ontario Tower Business Bay

Ontario Tower Business Bay is a 29-storey mixed-use development completed in 2010 by Rose Homes Investment. The building sits in the heart of Business Bay and combines residential units with commercial office space, placing residents within one of Dubai's most active urban districts.

The tower contains 175 residential units across studio, one-bedroom, and two-bedroom configurations. It is a freehold property, open to both UAE nationals and foreign buyers. 

Ontario Tower Business Bay properties for sale attract investors drawn to the average rental yield, as well as professionals and small families who want to live close to Dubai's main business corridors.

Market Overview

The average price per square foot in Ontario Tower Business Bay is approximately AED 1,283, reflecting a year-on-year increase of over 16%. This growth places it among the stronger performers in the Business Bay submarket, particularly for a building of its age.

Unit sizes range from around 398 sq ft for studios to approximately 982 sq ft for two-bedroom apartments. These units are available at prices ranging from AED 925,000 to an average of AED 1,160,000. 

Demand is sustained by the building's proximity to major employers, hotels, and the Dubai Canal. Investors can find original-condition units at lower price points and upgrade them or purchase tenanted units for immediate income. The mix of residential and commercial occupants in the building keeps footfall and local activity high throughout the week.

Most units include built-in wardrobes, central air conditioning, balconies, and covered parking. The building also has a shared gym, swimming pool, children's play area, and a pet-friendly policy.

Investment Potential and Rental Yields

Properties for sale in Ontario Tower Business Bay deliver an average rental yield of 8.7%, which is strong for a centrally located completed building in Dubai. The consistent 16.5% year-on-year growth in price per square foot points to steady capital appreciation alongside the rental income.

Prices of apartments in Ontario Tower Business Bay range from AED 690,000 for studios to AED 1.3 million for two-bedroom units, with an average rental yield of 8.7% and strong demand from professionals working in Business Bay and Downtown Dubai.

• Studios: AED 690,000, 9%, 400 to 450 sq ft
• 1-bedroom apartments: AED 975,000, 8.5%, 750 to 850 sq ft
• 2-bedroom apartments: AED 1.3 million, 8.2%, 1,000 to 1,200 sq ft

Why Buy a Property for Sale in Ontario Tower Business Bay?

Central Business Bay location

The tower sits near Al A'amal Street, close to the boundary with Downtown Dubai. Dubai Mall is around nine minutes by car, and major roads, including Sheikh Zayed Road and Al Khail Road, are easily accessible.

Strong rental returns

An 8.7% average yield makes this building a solid income asset for investors. The mix of professionals renting in Business Bay creates consistent demand and low vacancy periods.

Walkable urban lifestyle

The ground floor of the building hosts a supermarket, cafes, and a gaming venue. Bay Avenue Mall, Business Bay West Park, and several hotel dining options are all within a ten-minute walk.

Pet-friendly building

The building allows pets, and Business Bay West Park is just 0.1 km away, providing a convenient outdoor space for daily walks.

Amenities in Ontario Tower Business Bay

The building includes a swimming pool, gym, children's play area, covered parking, 24-hour security, and a welcoming lobby. The ground floor hosts F Mart supermarket, Sip and Bite café, and Ezo Gaming.

Schools

Both schools below hold Outstanding ratings from government inspections.

• Horizon English School Dubai
• Jumeirah English Speaking School

Supermarkets and Shopping

• F Mart (ground floor of the building)
• Good Day Market
• Spinneys
• GLT Supermarket
• Bay Avenue Mall (10-minute walk)

Pharmacies and Clinics

• Aster Pharmacy
• Apotec Pharmacy
• Pearl Dental Clinic

Fitness and Wellness

• On-site gym
• Naurs Yoga Centre at Bay Avenue Mall

Parks and Outdoor Spaces

• Business Bay West Park (0.1 km)
• Bay Avenue Park (10-minute walk)
• Dubai Canal waterfront (walking and running)

Hotels and Dining Nearby

• Anantara Downtown Dubai (within 0.6 km)
• JW Marriott Marquis (within 0.6 km)
• Radisson Blu Hotel Dubai Waterfront (within 0.6 km)

Location and Transportation

Ontario Tower Business Bay is positioned near Al A'amal Street in the core of Business Bay, close to the Downtown Dubai border. Sheikh Zayed Road and Al Khail Road are both accessible within minutes, making the tower a practical base for car-dependent commuters travelling across the city.

Business Bay Metro Station is the nearest metro stop. However, given the size of the district, it is not always within walking distance from every building, and residents typically recommend using the local RTA bus network to connect to the station rather than walking, particularly during the summer.

Dubai Mall is approximately nine minutes by car. Dubai International Airport is around 17 minutes in typical traffic, and Palm Jumeirah and Burj Al Arab are roughly 20 minutes away.

Pros and Cons of Buying a Property in Ontario Tower Business Bay

Pros

• Average rental yield of 8.7%, one of the strongest returns for a completed building in Business Bay
• Property prices average AED 1.16 million, well below the UAE average of AED 4.61 million
• Ground-floor supermarket, cafes, and retail make daily errands straightforward
• Pet-friendly building with a park 0.1 km away
• Nine minutes to Dubai Mall and close to major Sheikh Zayed Road and Al Khail Road interchanges

Cons

• Completed in 2010, some units have original interiors and may need upgrades.
• Shared offices mean busier lobbies, elevators, and limited guest parking.
• The nearest metro needs a bus or a long walk, especially inconvenient in summer.

FAQs about Properties for Sale in Ontario Tower Business Bay

Is Ontario Tower Business Bay a freehold development? 

Yes, it is a freehold building. Both UAE nationals and foreign nationals can purchase a property for sale in Ontario Tower Business Bay with full ownership rights.

Is Ontario Tower Business Bay good for investment? 

Yes. The building delivers an average rental yield of 8.7% and has recorded a 16.5% year-on-year increase in price per square foot, making it a strong option for investors targeting both income and capital growth.

What is the average price per square foot in Ontario Tower Business Bay? 

The current average is approximately AED 1,283 per square foot, based on recent DLD transaction data, with year-on-year growth exceeding 16%.

What is the average rental yield in Ontario Tower Business Bay? 

The average rental yield is 8.7%, supported by consistent demand from professionals based in Business Bay and the surrounding business districts.

Can foreigners buy apartments in Ontario Tower Business Bay? 

Yes. As a freehold property, Ontario Tower Business Bay is fully accessible to international buyers with no restrictions on nationality.