2-bed · 1,496 sqftMeera Tower, Business Bay · 19th floor · completed 2022

1901, Meera Tower

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1901 · DLD and Ejari recordsUpdated 19 December 2022
Last soldAED 3.25M19 December 2022
Current rentAED 110K /yr7 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1901, Meera Tower

What is 1901 worth today?

Last sold for AED 3,254,433 in 2022

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19 Dec 2022Sold by developerReady
AED 3,254,433AED 2,174 per sqft
7 Apr 2022RentedRenewal
AED 110,000/yr12 months · AED 74 per sqft
7 Apr 2021RentedNew contract
AED 100,000/yr12 months · AED 65 per sqft
1 Apr 2020RentedRenewal
AED 115,000/yr12 months · AED 75 per sqft
1 Apr 2019RentedRenewal
AED 130,000/yr12 months · AED 85 per sqft
1 Apr 2018RentedNew contract
AED 148,000/yr12 months · AED 97 per sqft

Source: Dubai Land Department. Updated 19 December 2022.

Key facts

Type
2-bed apartment
Size
1,496 sqft
Floor
19th of 44
Parking
L1-135
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 28,400 /yr
Last sold
AED 3.25M · December 2022
Building
Meera Tower

About 1901, Meera Tower

1901 is a two-bedroom apartment of 1,496 sqft on the 19th 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 19 December 2022 for AED 3,254,433, or AED 2,174 per sqft, in line with the AED 2,174 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 7 April 2022, is AED 110,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 28,400 a year.

Sales and rents for 1901 over time

Sales
Unit 1901, each saleTypical two-bed in Meera Tower
3M3.2M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,141,985; 2024 AED 3,024,189Sold by developer, December 2022: AED 3,254,433 (AED 2,174 per sqft)

1901 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1901, 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 150,000New contract, April 2018: AED 148,000 a yearRenewal, April 2019: AED 130,000 a yearRenewal, April 2020: AED 115,000 a yearNew contract, April 2021: AED 100,000 a yearRenewal, April 2022: AED 110,000 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 1901 sits

All 77 2-beds →

1901 last sold in December 2022 at AED 2,174 per sqft, in line with what two-beds in Meera Tower were fetching at the time (AED 2,174). 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. 1901's AED 110,000 is in the lower half 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 19th floor

All 160 units in Meera Tower
Value
19031-bedAED 1.88M · Mar 2023
19042-bedAED 3.14M · Dec 2022
19051-bedAED 1.9M · Nov 2022
19071-bedAED 2.05M · Dec 2022
19081-bedAED 2M · Apr 2023
19092-bedAED 2.74M · Dec 2022
19102-bedAED 3.25M · Dec 2022
1–7 of 8

1901, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 19 December 2022 for AED 3,254,433, or AED 2,174 per sqft.
  • Rented since April 2018 on 5 Ejari contracts, from AED 148,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 28,400 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 19 December 2022.

Questions about 1901, Meera Tower

What did unit 1901 last sell for?

AED 3,254,433 on 19 December 2022, sold by the developer: AED 2,174 per sqft for 1,496 sqft. It is the only registered sale of the unit.

What is the rent for unit 1901?

AED 110,000 a year on the contract renewed on 7 April 2022. The previous contract, from April 2021, was AED 100,000; the unit has been rented since April 2018.

How big is unit 1901?

1,496 sqft (139.0 sqm): a two-bedroom apartment on the 19th floor of a 44-storey tower completed in 2022.

What is unit 1901 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 1901, Meera Tower

Starts from the last sale price (AED 3.25M, 19 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,254,433
Deposit, UAE resident (20%)
AED 650,887
Deposit, non-resident (40%)
AED 1,301,773
Monthly over 25 years at 3.7%
AED 13,315

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