2-bed · 1,499 sqftMeera Tower, Business Bay · 28th floor · completed 2022

2807, Meera Tower

Sold prices and rental history: sold once, by the developer in May 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2807 · DLD and Ejari recordsUpdated 3 August 2023
Last soldAED 3.22M5 May 2023
Current rentAED 170K /yr3 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2807, Meera Tower

What is 2807 worth today?

Last sold for AED 3,217,653 in 2023

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3 Aug 2023RentedNew contract
AED 170,000/yr12 months · AED 114 per sqft
5 May 2023Sold by developerReady
AED 3,217,653AED 2,146 per sqft
13 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 67 per sqft
10 May 2021RentedNew contract
AED 100,000/yr14 months · AED 66 per sqft
20 Mar 2021RentedRenewal
AED 110,000/yr12 months · AED 72 per sqft
20 Sep 2020RentedNew contract
AED 110,000/yr6 months · AED 72 per sqft
1 Aug 2019RentedRenewal
AED 135,000/yr13 months · AED 88 per sqft
1 Jul 2018RentedNew contract
AED 145,000/yr13 months · AED 95 per sqft

Source: Dubai Land Department. Updated 3 August 2023.

Key facts

Type
2-bed apartment
Size
1,499 sqft
Floor
28th of 44
Parking
L2-36
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 28,500 /yr
Last sold
AED 3.22M · May 2023
Building
Meera Tower

About 2807, Meera Tower

2807 is a two-bedroom apartment of 1,499 sqft on the 28th 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 5 May 2023 for AED 3,217,653, or AED 2,146 per sqft, in line with the AED 2,171 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 3 August 2023, is AED 170,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 28,500 a year.

Sales and rents for 2807 over time

Sales
Unit 2807, each saleTypical two-bed in Meera Tower
3M3.1M3.2M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,141,985; 2024 AED 3,024,189Sold by developer, May 2023: AED 3,217,653 (AED 2,146 per sqft)

2807 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2807, 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, July 2018: AED 145,000 a yearRenewal, August 2019: AED 135,000 a yearNew contract, September 2020: AED 110,000 a yearRenewal, March 2021: AED 110,000 a yearNew contract, May 2021: AED 100,000 a yearRenewal, July 2022: AED 100,000 a yearNew contract, August 2023: AED 170,000 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 2807 sits

All 77 2-beds →

2807 last sold in May 2023 at AED 2,146 per sqft, in line with what two-beds in Meera Tower were fetching at the time (AED 2,171). 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. 2807's AED 170,000 is in the upper 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 28th floor

All 160 units in Meera Tower
Value
28013-bedAED 4.53M · May 2023
28033-bedAED 4.48M · May 2023
28043-bedAED 4.49M · Feb 2023
28062-bedAED 2.84M · May 2023

2807, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 5 May 2023 for AED 3,217,653, or AED 2,146 per sqft.
  • Rented since July 2018 on 7 Ejari contracts. The rent fell from AED 145,000 to AED 100,000 in 2022 and recovered to AED 170,000 by August 2023.
  • At AED 170,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 28,500 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 3 August 2023.

Questions about 2807, Meera Tower

What did unit 2807 last sell for?

AED 3,217,653 on 5 May 2023, sold by the developer: AED 2,146 per sqft for 1,499 sqft. It is the only registered sale of the unit.

What is the rent for unit 2807?

AED 170,000 a year on the contract signed on 3 August 2023. The previous contract, from July 2022, was AED 100,000; the unit has been rented since July 2018.

How big is unit 2807?

1,499 sqft (139.3 sqm): a two-bedroom apartment on the 28th floor of a 44-storey tower completed in 2022.

What is unit 2807 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 2807, Meera Tower

Starts from the last sale price (AED 3.22M, 5 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,217,653
Deposit, UAE resident (20%)
AED 643,531
Deposit, non-resident (40%)
AED 1,287,061
Monthly over 25 years at 3.7%
AED 13,164

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