2-bed · 1,372 sqftMeera Tower, Business Bay · 42nd floor · completed 2022

4208, Meera Tower

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

Unit 4208 · DLD and Ejari recordsUpdated 23 November 2023
Last soldAED 3.6M23 November 2023
Current rentAED 92K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4208, Meera Tower

What is 4208 worth today?

Last sold for AED 3,600,581 in 2023

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23 Nov 2023Sold by developerReady
AED 3,600,581AED 2,624 per sqft
15 Jul 2022RentedRenewal
AED 92,400/yr12 months · AED 67 per sqft
15 Jul 2021RentedRenewal
AED 92,400/yr12 months · AED 67 per sqft
23 Aug 2020RentedNew contract
AED 92,400/yr11 months · AED 67 per sqft
10 Sep 2019RentedRenewal
AED 100,000/yr12 months · AED 72 per sqft
10 Sep 2018RentedNew contract
AED 100,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 23 November 2023.

Key facts

Type
2-bed apartment
Size
1,372 sqft
Floor
42nd of 44
Parking
L5-16
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 26,000 /yr
Last sold
AED 3.6M · November 2023
Building
Meera Tower

About 4208, Meera Tower

4208 is a two-bedroom apartment of 1,372 sqft on the 42nd 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 23 November 2023 for AED 3,600,581, or AED 2,624 per sqft, 21% above 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 15 July 2022, is AED 92,400 a year: a gross yield of 2.6% on the 2023 price, before the service charge of about AED 26,000 a year.

Sales and rents for 4208 over time

Sales
Unit 4208, each saleTypical two-bed in Meera Tower
3M3.5M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,141,985; 2024 AED 3,024,189Sold by developer, November 2023: AED 3,600,581 (AED 2,624 per sqft)

4208 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4208, 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 100,000 a yearRenewal, September 2019: AED 100,000 a yearNew contract, August 2020: AED 92,400 a yearRenewal, July 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 4208 sits

All 77 2-beds →

4208 last sold in November 2023 at AED 2,624 per sqft, 21% 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. 4208'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 42nd floor

All 160 units in Meera Tower
Value
42013-bedAED 4.56M · Mar 2023
42052-bedAED 3.73M · Mar 2023
42072-bedAED 3.37M · Mar 2023

4208, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 23 November 2023 for AED 3,600,581, or AED 2,624 per sqft.
  • Rented since September 2018 on 5 Ejari contracts, from AED 100,000 to AED 92,400 a year.
  • At AED 92,400 a year the gross yield on the 2023 price is 2.6%, before a service charge of about AED 26,000 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 23 November 2023.

Questions about 4208, Meera Tower

What did unit 4208 last sell for?

AED 3,600,581 on 23 November 2023, sold by the developer: AED 2,624 per sqft for 1,372 sqft. It is the only registered sale of the unit.

What is the rent for unit 4208?

AED 92,400 a year on the contract renewed on 15 July 2022. The previous contract, from July 2021, was AED 92,400; the unit has been rented since September 2018.

How big is unit 4208?

1,372 sqft (127.5 sqm): a two-bedroom apartment on the 42nd floor of a 44-storey tower completed in 2022.

What is unit 4208 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 4208, Meera Tower

Starts from the last sale price (AED 3.6M, 23 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,581
Deposit, UAE resident (20%)
AED 720,116
Deposit, non-resident (40%)
AED 1,440,232
Monthly over 25 years at 3.7%
AED 14,731

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