2-bed · 1,277 sqftMeera Tower, Business Bay · 37th floor · completed 2022

3706, Meera Tower

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

Unit 3706 · DLD and Ejari recordsUpdated 4 July 2023
Last soldAED 2.95M4 July 2023
Current rentAED 110K /yr18 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3706, Meera Tower

What is 3706 worth today?

Last sold for AED 2,952,549 in 2023

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4 Jul 2023Sold by developerReady
AED 2,952,549AED 2,311 per sqft
18 Jan 2021RentedNew contract
AED 110,000/yr12 months · AED 86 per sqft
1 Sep 2019RentedRenewal
AED 75,000/yr24 months · AED 58 per sqft
1 Sep 2018RentedNew contract
AED 95,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 4 July 2023.

Key facts

Type
2-bed apartment
Size
1,277 sqft
Floor
37th of 44
Parking
L5-223
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 24,300 /yr
Last sold
AED 2.95M · July 2023
Building
Meera Tower

About 3706, Meera Tower

3706 is a two-bedroom apartment of 1,277 sqft on the 37th 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 4 July 2023 for AED 2,952,549, or AED 2,311 per sqft, 6% above the AED 2,174 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 18 January 2021, is AED 110,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 24,300 a year.

Sales and rents for 3706 over time

Sales
Unit 3706, 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, July 2023: AED 2,952,549 (AED 2,311 per sqft)

3706 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3706, 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, September 2018: AED 95,000 a yearRenewal, September 2019: AED 75,000 a yearNew contract, January 2021: 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 3706 sits

All 77 2-beds →

3706 last sold in July 2023 at AED 2,311 per sqft, 6% above 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. 3706'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 37th floor

All 160 units in Meera Tower
Value
37013-bedAED 4.57M · Mar 2023
37072-bedAED 3.41M · May 2023

3706, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 4 July 2023 for AED 2,952,549, or AED 2,311 per sqft.
  • Rented since September 2018 on 3 Ejari contracts. The rent fell from AED 95,000 to AED 75,000 in 2019 and recovered to AED 110,000 by January 2021.
  • At AED 110,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 24,300 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 4 July 2023.

Questions about 3706, Meera Tower

What did unit 3706 last sell for?

AED 2,952,549 on 4 July 2023, sold by the developer: AED 2,311 per sqft for 1,277 sqft. It is the only registered sale of the unit.

What is the rent for unit 3706?

AED 110,000 a year on the contract signed on 18 January 2021. The previous contract, from September 2019, was AED 75,000; the unit has been rented since September 2018.

How big is unit 3706?

1,277 sqft (118.6 sqm): a two-bedroom apartment on the 37th floor of a 44-storey tower completed in 2022.

What is unit 3706 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 3706, Meera Tower

Starts from the last sale price (AED 2.95M, 4 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,952,549
Deposit, UAE resident (20%)
AED 590,510
Deposit, non-resident (40%)
AED 1,181,020
Monthly over 25 years at 3.7%
AED 12,080

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