2-bed · 1,251 sqftMeera Tower, Business Bay · 10th floor · completed 2022

1009, Meera Tower

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

Unit 1009 · DLD and Ejari recordsUpdated 7 December 2022
Last soldAED 2.56M7 December 2022
Current rentAED 92K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Meera Tower

What is 1009 worth today?

Last sold for AED 2,564,954 in 2022

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7 Dec 2022Sold by developerReady
AED 2,564,954AED 2,049 per sqft
15 Jul 2022RentedRenewal
AED 92,400/yr12 months · AED 74 per sqft
1 Sep 2021RentedNew contract
AED 92,400/yr10 months · AED 73 per sqft
28 Mar 2021RentedNew contract
AED 90,000/yr12 months · AED 71 per sqft
25 Mar 2020RentedRenewal
AED 125,000/yr12 months · AED 99 per sqft
25 Mar 2019RentedRenewal
AED 130,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 7 December 2022.

Key facts

Type
2-bed apartment
Size
1,251 sqft
Floor
10th of 44
Parking
L4-48
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 23,800 /yr
Last sold
AED 2.56M · December 2022
Building
Meera Tower

About 1009, Meera Tower

1009 is a two-bedroom apartment of 1,251 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 7 December 2022 for AED 2,564,954, or AED 2,049 per sqft, 5% below the AED 2,149 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 July 2022, is AED 92,400 a year: a gross yield of 3.6% on the 2022 price, before the service charge of about AED 23,800 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Meera Tower
2.5M3M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,141,985; 2024 AED 3,024,189Sold by developer, December 2022: AED 2,564,954 (AED 2,049 per sqft)

1009 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Meera Tower
100K150K2018202120242027Typical rent by year: 2018 AED 127,500; 2019 AED 112,500; 2020 AED 95,000; 2021 AED 92,400; 2022 AED 92,400; 2023 AED 160,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000Renewal, March 2019: AED 130,000 a yearRenewal, March 2020: AED 125,000 a yearNew contract, March 2021: AED 90,000 a yearNew contract, September 2021: AED 92,400 a yearRenewal, July 2022: AED 92,400 a year

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

2-beds in Meera Tower, and where 1009 sits

All 77 2-beds →

1009 last sold in December 2022 at AED 2,049 per sqft, 5% below what two-beds in Meera Tower were fetching at the time (AED 2,149). Over the last 12 months two-beds sold for AED 2,675,000, around AED 2,093 per sqft, and rent for AED 105,000 to 200,000 a year. 1009's AED 92,400 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Jun 20262,675,000
13 Oct 20253,250,000
30 Oct 20242,500,000
14 Oct 20243,106,305
1 2-bed sale 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
10061-bedAED 2.15M · Dec 2022
10071-bedAED 2M · Mar 2023
10081-bedAED 1.78M · Dec 2022

1009, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 7 December 2022 for AED 2,564,954, or AED 2,049 per sqft.
  • Rented since March 2019 on 5 Ejari contracts, from AED 130,000 to AED 92,400 a year.
  • At AED 92,400 a year the gross yield on the 2022 price is 3.6%, before a service charge of about AED 23,800 a year (AED 18.99 per sqft).
  • Two-beds in Meera Tower sold for AED 2,675,000–2,675,000 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 7 December 2022.

Questions about 1009, Meera Tower

What did unit 1009 last sell for?

AED 2,564,954 on 7 December 2022, sold by the developer: AED 2,049 per sqft for 1,251 sqft. It is the only registered sale of the unit.

What is the rent for unit 1009?

AED 92,400 a year on the contract renewed on 15 July 2022. The previous contract, from September 2021, was AED 92,400; the unit has been rented since March 2019.

How big is unit 1009?

1,251 sqft (116.2 sqm): a two-bedroom apartment on the 10th floor of a 44-storey tower completed in 2022.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Meera Tower sold for AED 2,675,000 to 2,675,000 in the last 12 months, around AED 2,093 per sqft.

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Mortgage on 1009, Meera Tower

Starts from the last sale price (AED 2.56M, 7 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,564,954
Deposit, UAE resident (20%)
AED 512,991
Deposit, non-resident (40%)
AED 1,025,982
Monthly over 25 years at 3.7%
AED 10,494

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