Ontario Tower, Business Bay
HIGHLIGHTS
- Parking
- Gym
- Floor plans
- Renting property
- Buying property
- ROI
- Service charges
- Getting around
- Restaurants nearby
About Ontario Tower Business Bay
Ontario Tower is a mixed-use project offering various offices, showrooms, commercial spaces and residential apartments. Rose Homes Investment launched the project in January 2006. The construction started in 2007 and was completed in 2011, while handovers began in the 3rd quarter of 2010. Standing 125 metres above ground, this 29-storey tower has 25 studios, 100 1-bedroom apartments and 50 2-bedroom flats.
Situated along Dubai Creek, Business Bay is a leading commercial hub in Dubai. 200 metres from Sheikh Zayed Road (E11) stands Ontario Tower, Dubai – one of the finest high-rise buildings in Business Bay.
IN A NUTSHELL
- Type of building: Mixed-use
- Location: Business Bay
- Developer: Rose Homes Investment
- Date of completion: 2011
- Number of floors: 29
- Number of units: 175
- Unit type: Studio, 1 and 2-bedroom apartments
- Type of Ownership: Freehold
- Amenities: Gym, parking, swimming pool
BUILDING DETAILS
Facilities in Ontario Tower Business Bay
Parking
Finding parking in Ontario Tower Dubai is not an issue for residents. The three podium levels have dedicated covered parking spaces. Visitors can also park their vehicles here for limited hours as the area is quite busy during the day. Otherwise, using the paid street parking spaces near the building is a feasible option.
Elevators
There are separate passenger lifts and service elevators in Ontario Tower Business Bay Dubai to provide access to all 29 floors.
Security, Central Air-Conditioning and Maintenance Services
The district cooling supplier for Ontario Tower Business Bay Dubai is Empower. The project has a dedicated waste disposal service. Besides round-the-clock concierge services, the tower has excellent maintenance and security services.
Gym and Fitness Facilities
There is a gym in Ontario Tower Business Bay with state-of-the-art equipment. Also, separate swimming pools for men and women are available within the tower.
Lifestyle Amenities
The tower also has a small daycare centre and a play area for children.
Concierge and Guest Services
A 24-hour concierge and help desk is available in the lobby.
Ontario Tower Floor Plans
Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing Ontario Tower floor plans.
Apartment Types in Ontario Tower Business Bay
Ontario Tower Business Bay offers accommodation in three types: studio, 1-bed and 2-bedroom apartments.
Studio Apartments in Ontario Tower Dubai
These units cover 400 sq. ft. and feature a large living room, a fitted bathroom, and an open kitchen. Some units also have kitchens equipped with appliances. Moreover, all the apartments in Ontario Tower Dubai have spacious living rooms with floor-to-ceiling windows overlooking the busy roads of Business Bay.
1-Bedroom Apartments in Ontario Tower Business Bay Dubai
A 1-bed flat in Ontario Tower Dubai spans 800 sq. ft. Each apartment features a large dining and living room, a master bedroom with an en-suite bathroom and built-in wardrobes, and an ultra-modern open kitchen. Some apartments have a guest bathroom, as well. Kitchens are usually well-fitted with high-quality appliances, marble countertops, and stylish cabinets. Moreover, a few 1-bedroom apartments in Ontario Tower are fully furnished and ready to move in.
2-Bedroom Apartments in Business Bay Ontario Tower
Those looking for a bigger unit can go for 2-bedroom apartments in Business Bay Ontario Tower. These units cover 800 sq. ft. to 900 sq. ft. You can find two bedrooms, one large bathroom, a powder room, an open kitchen, and a large dining/living room. Also, each unit has built-in wardrobes, ample kitchen storage space, and a large sea-facing, double-glazed glass windows.
Most Popular Apartment Types in Ontario Building
2 BHK flats are the most popular apartment types in Ontario Tower. Studios and 1-bedroom apartments in Ontario Tower secure the second and third spots, respectively.
Rental Trends in Ontario Tower Business Bay
Apartments for rent in Ontario Tower are offered at market-competitive prices.
- Studio flats for rent in Ontario building are available for AED 50k per year.
- Rents for 1 BHK apartments in Ontario Tower Business Bay range from AED 55k to AED 70k per year.
- Rents for 2-bedroom flats in Ontario Tower start from AED 75k per year.
These rents are calculated and charged annually. However, some landlords have flexible payment plans involving multiple cheques. One can compare the total cost with other Business Bay apartments for rent.
Sales Trends in Ontario Tower Business Bay
Ontario Tower apartments for sale are quite popular among buyers and investors. The prices of these flats lie between the low to mid ranges in the real estate market.
- Buying 1-bed flats in Ontario Tower Business Bay costs AED 720k to AED 920k.
- 2-bedroom flats for sale in Ontario Tower range from AED 945k to AED 1.35M.
These costs can be compared with other Business Bay apartments for sale.
Rental Yield in Ontario Tower
The highest ROI in Ontario Tower is 7.4% for studio flats. 1 and 2-bedroom apartments have a slightly less ROI i.e. 6.99% and 6.96%, respectively.
Service Charges in Ontario Tower
GENERAL FUNDS | PRICE PER SQ. FT. IN AED |
|---|---|
GENERAL FUNDS Services  General upkeep of the building | PRICE PER SQ. FT. IN AED 3.23 |
GENERAL FUNDS Maintenance General repairs and replacements | PRICE PER SQ. FT. IN AED 2.47 |
GENERAL FUNDS Improvement Charge for the improvement or replacement of services or facilities provided | PRICE PER SQ. FT. IN AED 0.09 |
GENERAL FUNDS Utilities Services Charges for using DEWA/district cooling facilities and meters | PRICE PER SQ. FT. IN AED 6.98 |
GENERAL FUNDS Management Services Owner’s association charges for managing the property | PRICE PER SQ. FT. IN AED 1.06 |
GENERAL FUNDS Insurance Charge for the insurance of the building | PRICE PER SQ. FT. IN AED 0.61 |
GENERAL FUNDS Master Community Fees for communal facilities in the neighbourhood | PRICE PER SQ. FT. IN AED 0.37 |
GENERAL FUNDS Reserved Fund Funds used for major repairs and to help maintain the yearly service charges fees | PRICE PER SQ. FT. IN AED 0.90 |
GENERAL FUNDS Total | PRICE PER SQ. FT. IN AED 15.71 |
These are the service charges for Ontario Tower* as per the Dubai Land Department. Bayut has worked on creating a guideline for the Dubai service charges index. Those interested in buying a property in Dubai can get complete information in the detailed guide.
*Please note that these service charges are subject to change.
NEARBY AMENITIES
Transportation near Ontario Tower Business Bay
Those searching for public transportation near Ontario Tower can find taxis, buses and the metro. Private vehicle owners will be pleased with quick access to Sheikh Zayed Road.
Bus Stations near Ontario Tower Business Bay
Lilian Towers bus stop served by F19B, X22 and F41 is the nearest within walking distance of the tower.
Metro Stations near Ontario Tower Business Bay
Public transportation in Business Bay mainly involves Dubai Metro. Business Bay Metro Station is a 2-minute drive or an 11-minute walk from the tower.
Restaurants near Ontario Tower Business Bay
Those who like to dine out often can find many options nearby. There’s a mix of friendly cafes, street food joints, and eateries. Some fine dining restaurants in Business Bay Dubai near Ontario Tower are:
- Garden Peruvian Restaurant
- Zen Restaurant
- Izakaya
First, Garden Peruvian Restaurant in the JW Marriott Marquis Hotel is famous for its delicious Peruvian cuisine. It is only 9 minutes away from the tower.
Some cafes down the road include:
- Filli Café
- The Kana Café
Filli Cafe is popular for its drinks and light snacks and The Kana Cafe serves Arabic dishes. Zen Restaurant in The Metropolis Tower is a Pan-Asian restaurant with a special Thai menu.
Supermarkets near Ontario Tower Business Bay
Residents can find FMart on the ground floor of the building. There are plenty of big and small supermarkets near Ontario Tower, such as:
- Carrefour
- Zoom Mini Mart
- West Zone Fresh Supermarket
Carrefour in Burj View Towers is reachable within 7 minutes by car. Zoom and West Zone Supermarket are also only a short drive away. Some local supermarkets are W Mart Fresh andPhantasy.
Also, you can check out the list of popular supermarkets in Dubai put together by Bayut for more grocery options.
Schools and Nurseries near Ontario Tower Business Bay
- JSS Private School
- Horizon English School Dubai
- Global Indian International School Dubai
JSS Private School follows the CBSE curriculum from Pre-KG until Grade 12. The school offers education to students aged between 3 to 18 years. The KHDA recently awarded the school a ‘Very Good‘ rating.
An ‘Outstanding‘ rated school, Horizon English School offers the British curriculum from Foundation Stage until Key Stage 2 / Year 6.
Global Indian International School offers a dual curriculum. The primary curriculum is the Indian Central Board of Secondary Education (CBSE). However, students can opt IB curriculum in Grade 11 and 12.
Families with toddlers can consider sending their children to the following nurseries:
- Learning Tree Nursery
- Kids Kingdom Nursery
- Blossom Nursery
Nearby Buildings
- The Exchange
- Polaris Tower
- Iris Bay Tower
Commercial towers surround Ontario Tower. One can reach these towers within a 10-minute walk.
Major Landmarks
Ontario Tower is located adjacent to Al Aamal Street. Landmarks in the vicinity include:
- Burj Khalifa
- Dubai Opera
- Dubai Mall
The world’s tallest building, Burj Khalifa, is a short drive from the tower. Next to the megastructure is the Dubai Mall boasting numerous local and international brands, entertainment activities and dining options.
Located in Downtown Dubai, Dubai Opera is a hit among culturally-inclined tourists. Also, the opera house is the city’s first performing arts theatre.
THINGS TO CONSIDER
Ontario Tower is ideal if you are considering living in Business Bay. The community offers world-class facilities on your doorstep and is a family-friendly neighbourhood with top-notch nearby nurseries and schools.
Nevertheless, living in Business Bay means facing rush hour traffic which can be bothersome for residents.
FAQs
Are there clinics and pharmacies near Ontario Tower Business Bay?
Ortho Clinical Diagnostics and Life Pharmacy are located within a short walking distance of Ontario Tower Business Bay.
Are there salons and spas near Ontario Tower?
Hair Avenue, Scandals Hair and Be Groomed Barbershop are located in nearby buildings.