3501, Meera Tower
Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3501, Meera Tower
What is 3501 worth today?
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Source: Dubai Land Department. Updated 25 July 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,987 sqft
- Floor
- 35th of 44
- Parking
- L2-260
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 37,700 /yr
- Last sold
- AED 4.66M · July 2023
- Building
- Meera Tower
About 3501, Meera Tower
3501 is a three-bedroom apartment of 1,987 sqft on the 35th 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 25 July 2023 for AED 4,660,928, or AED 2,345 per sqft, in line with the AED 2,299 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 7 February 2022, is AED 155,000 a year: a gross yield of 3.3% on the 2023 price, before the service charge of about AED 37,700 a year.
Sales and rents for 3501 over time
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Meera Tower, and where 3501 sits
All 25 3-beds →3501 last sold in July 2023 at AED 2,345 per sqft, in line with what three-beds in Meera Tower were fetching at the time (AED 2,299). 3501's AED 155,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jan 202410 January 2024 | 1,987 sqft | 5,167,084 | 2,599 | ||
| 28 Aug 202328 August 2023 | 1,987 sqft | 4,570,882 | 2,299 | ||
| 6 Aug 20236 August 2023 | 1,967 sqft | 4,574,583 | 2,325 | ||
| 1 Aug 20231 August 2023 | 1,932 sqft | 4,443,140 | 2,299 |
Meera Tower
Building160 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%
Other units on the 35th floor
All 160 units in Meera Tower3501, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 25 July 2023 for AED 4,660,928, or AED 2,345 per sqft.
- Rented since October 2019 on 4 Ejari contracts, at AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2023 price is 3.3%, before a service charge of about AED 37,700 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 25 July 2023.
Questions about 3501, Meera Tower
What did unit 3501 last sell for?
AED 4,660,928 on 25 July 2023, sold by the developer: AED 2,345 per sqft for 1,987 sqft. It is the only registered sale of the unit.
What is the rent for unit 3501?
AED 155,000 a year on the contract renewed on 7 February 2022. The previous contract, from January 2021, was AED 155,000; the unit has been rented since October 2019.
How big is unit 3501?
1,987 sqft (184.6 sqm): a three-bedroom apartment on the 35th floor of a 44-storey tower completed in 2022.
What is unit 3501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 3501, Meera Tower
Starts from the last sale price (AED 4.66M, 25 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,660,928
- Deposit, UAE resident (20%)
- AED 932,186
- Deposit, non-resident (40%)
- AED 1,864,371
- Monthly over 25 years at 3.7%
- AED 19,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →