1-bed · 1,050 sqftMeera Tower, Business Bay · 10th floor · completed 2022

1006, Meera Tower

Sold prices and rental history: sold once, by the developer in December 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1006 · DLD and Ejari recordsUpdated 24 September 2023
Last soldAED 2.15M29 December 2022
Current rentAED 140K /yr24 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1006, Meera Tower

What is 1006 worth today?

Last sold for AED 2,152,319 in 2022

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24 Sep 2023RentedNew contract
AED 140,000/yr12 months · AED 133 per sqft
29 Dec 2022Sold by developerReady
AED 2,152,319AED 2,049 per sqft
26 Oct 2020RentedNew contract
AED 75,000/yr12 months · AED 70 per sqft
25 Aug 2019RentedNew contract
AED 85,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 24 September 2023.

Key facts

Type
1-bed apartment
Size
1,050 sqft
Floor
10th of 44
Parking
L4-240
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 2.15M · December 2022
Building
Meera Tower

About 1006, Meera Tower

1006 is a one-bedroom apartment of 1,050 sqft on the 10th floor of Meera Tower, a 44-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. The developer sold it on 29 December 2022 for AED 2,152,319, or AED 2,049 per sqft, in line with the AED 2,099 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 24 September 2023, is AED 140,000 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1006 over time

Sales
Unit 1006, each saleTypical one-bed in Meera Tower
1.8M2M2.2M202220242026Typical sale price by year: 2022 AED 1,853,545; 2023 AED 2,000,000; 2026 AED 1,800,000Sold by developer, December 2022: AED 2,152,319 (AED 2,049 per sqft)

1006 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1006, each contractTypical one-bed in Meera Tower
100K150K2018202120242027Typical rent by year: 2018 AED 100,112; 2019 AED 100,000; 2020 AED 92,400; 2021 AED 92,400; 2022 AED 92,400; 2023 AED 107,500; 2024 AED 115,000; 2025 AED 115,000; 2026 AED 100,000New contract, August 2019: AED 85,000 a yearNew contract, October 2020: AED 75,000 a yearNew contract, September 2023: AED 140,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Meera Tower, and where 1006 sits

All 57 1-beds →

1006 last sold in December 2022 at AED 2,049 per sqft, in line with what one-beds in Meera Tower were fetching at the time (AED 2,099). Over the last 12 months one-beds sold for AED 1,730,000 to 2,000,000, around AED 2,039 per sqft, and rent for AED 72,500 to 130,000 a year. 1006's AED 140,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Apr 20262,000,000
10 Apr 20261,800,000
8 Apr 20261,730,000
18 Jul 20251,760,000
3 1-bed sales in the last 12 months

Meera Tower

Building

160 apartments, 1-bed to 4-bed over 44 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 4 sold in the last 12 months.

Typical price per sqft
AED 2,066
Typical sale
AED 1.9M
Typical rent
AED 139K /yr
Typical yield
5.2%
Meera Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 160 units in Meera Tower
Value
10051-bedAED 1.81M · Jan 2023
10071-bedAED 2M · Mar 2023
10081-bedAED 1.78M · Dec 2022
10092-bedAED 2.56M · Dec 2022

1006, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 29 December 2022 for AED 2,152,319, or AED 2,049 per sqft.
  • Rented since August 2019 on 3 Ejari contracts. The rent fell from AED 85,000 to AED 75,000 in 2020 and recovered to AED 140,000 by September 2023.
  • At AED 140,000 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 19,900 a year (AED 18.99 per sqft).
  • One-beds in Meera Tower sold for AED 1,730,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,066 per sqft.

Source: Dubai Land Department. Updated 24 September 2023.

Questions about 1006, Meera Tower

What did unit 1006 last sell for?

AED 2,152,319 on 29 December 2022, sold by the developer: AED 2,049 per sqft for 1,050 sqft. It is the only registered sale of the unit.

What is the rent for unit 1006?

AED 140,000 a year on the contract signed on 24 September 2023. The previous contract, from October 2020, was AED 75,000; the unit has been rented since August 2019.

How big is unit 1006?

1,050 sqft (97.5 sqm): a one-bedroom apartment on the 10th floor of a 44-storey tower completed in 2022.

What is unit 1006 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Meera Tower sold for AED 1,730,000 to 2,000,000 in the last 12 months, around AED 2,039 per sqft.

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Mortgage on 1006, Meera Tower

Starts from the last sale price (AED 2.15M, 29 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,152,319
Deposit, UAE resident (20%)
AED 430,464
Deposit, non-resident (40%)
AED 860,928
Monthly over 25 years at 3.7%
AED 8,806

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →