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Ontario Tower rent: what tenants really pay
Rent in Ontario Tower, Business Bay: Studio AED 48,000, 1-bed AED 75,000, 2-bed AED 109,000 a year. These are medians of 116 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 93, against AED 115 across Business Bay. About 35 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Ontario Tower: value at AED 93 a sq ft against the Business Bay median of 115. Lots of homes are on the market; offer at the signed figure, not the advert. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Ontario Tower
- Per sq ft, a 1-bed here costs 19% less than the Business Bay median: AED 93 against AED 115. It is number 16 of 70 Business Bay buildings, cheapest first.
- New 1-bed tenants pay AED 75,000, renewing tenants AED 74,500. For the same home, renewing costs about the same as moving in.
- New-lease rent per sq ft rose 3% on the year, to AED 104 a sq ft.
- About 35 homes are advertised for rent against 116 leases signed in a year: a lot of choice, so there is room to negotiate.
- 28 leases end in the next 60 days, so more homes may become available soon.
Rent in Ontario Tower by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| Studio | 48,000 | – | – | 402 | 125 | 20 |
| 1-bed | 75,000 | 74,500 | 89,994 | 802 | 93 | 60 |
| 2-bed | 109,000 | – | 112,500 | 982 | 103 | 35 |
Where Ontario Tower is, and the buildings around it
We do not hold the exact position of Ontario Tower yet; the map shows Business Bay.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
New and renewing 1-bed tenants in Ontario Tower pay the same for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
For a 1-bed in this building, new and renewing tenants pay about the same. The renewal figure shows what the landlord accepts from tenants he wants to keep. Renew or move →
Finding
New-lease rent per sq ft in Ontario Tower rose 3% on the year.
Median new lease, AED a sq ft, by quarter
AED 104 a sq ft in the 12 months to 15 Oct 2026, against AED 101 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
28 leases in Ontario Tower end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Business Bay buildings, 1-bed
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| Merano Tower | 75,000 | 668 | 113 | 304 |
| Elite Business Bay Residence | 75,000 | 907 | 91 | 82 |
| Aykon City 2 | 74,629 | 544 | 138 | 86 |
| Executive Bay B | 75,500 | 690 | 107 | 25 |
| Fair View Residency | 75,750 | 831 | 92 | 92 |
| Safeer Tower 1 | 78,000 | 960 | 83 | 21 |
| Clayton Residency | 72,000 | 804 | 92 | 69 |
| Park Central | 72,000 | 686 | 101 | 27 |
Buying in Business Bay? Sale prices, every tower, resale and off-plan: Business Bay on BUY DUBAI →
Questions
How much is rent in Ontario Tower?
Rent in Ontario Tower, Business Bay: Studio AED 48,000, 1-bed AED 75,000, 2-bed AED 109,000 a year. These are medians of 116 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 93, against AED 115 across Business Bay. About 35 homes here are advertised for rent now.
How much is a studio in Ontario Tower?
The median rent for a new Studio lease in Ontario Tower is AED 48,000 a year (AED 4,000 a month). The median size is 402 sq ft. This is from 14 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 1 bedroom in Ontario Tower?
The median rent for a new 1-bed lease in Ontario Tower is AED 75,000 a year (AED 6,250 a month). The median size is 802 sq ft. This is from 39 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Ontario Tower?
The median rent for a new 2-bed lease in Ontario Tower is AED 109,000 a year (AED 9,083 a month). The median size is 982 sq ft. This is from 26 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Ontario Tower?
For a 1-bed, new tenants pay a median AED 75,000 and renewing tenants AED 74,500.
Is rent going up in Ontario Tower?
Rent per sq ft on new leases in Ontario Tower: AED 104 in the 12 months to 15 Oct 2026, against AED 101 the year before.
What are the alternatives to Ontario Tower in Business Bay?
Similar rent for a 1-bed: Merano Tower AED 75,000, Elite Business Bay Residence AED 75,000, Aykon City 2 AED 74,629, Executive Bay B AED 75,500.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "ONTARIO TOWER". 116 leases 16 Oct 2025–15 Oct 2026, 79 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.