1-bed · 859 sqftMeera Tower, Business Bay · 8th floor · completed 2022

803, Meera Tower

Sold prices and rental history: sold once, by the developer in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 27 March 2023
Last soldAED 2M27 March 2023
Current rentAED 100K /yr13 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Meera Tower

What is 803 worth today?

Last sold for AED 2,000,000 in 2023

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27 Mar 2023Sold by developerReady
AED 2,000,000AED 2,328 per sqft
13 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft
13 Jul 2021RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft
13 Jul 2020RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft
13 Jul 2019RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 27 March 2023.

Key facts

Type
1-bed apartment
Size
859 sqft
Floor
8th of 44
Parking
L2-29
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,300 /yr
Last sold
AED 2M · March 2023
Building
Meera Tower

About 803, Meera Tower

803 is a one-bedroom apartment of 859 sqft on the 8th 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 27 March 2023 for AED 2,000,000, or AED 2,328 per sqft, 11% above the AED 2,099 one-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 13 July 2022, is AED 100,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical one-bed in Meera Tower
1.8M1.9M2M202220242026Typical sale price by year: 2022 AED 1,853,545; 2023 AED 2,000,000; 2026 AED 1,800,000Sold by developer, March 2023: AED 2,000,000 (AED 2,328 per sqft)

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

Rents
Unit 803, each contractTypical one-bed in Meera Tower
100K2018202120242027Typical rent by year: 2018 AED 100,112; 2019 AED 100,000; 2020 AED 92,400; 2021 AED 92,400; 2022 AED 92,400; 2023 AED 107,500; 2024 AED 115,000; 2025 AED 115,000; 2026 AED 100,000Renewal, July 2019: AED 100,000 a yearRenewal, July 2020: AED 100,000 a yearRenewal, July 2021: AED 100,000 a yearRenewal, July 2022: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Meera Tower, and where 803 sits

All 57 1-beds →

803 last sold in March 2023 at AED 2,328 per sqft, 11% above what one-beds in Meera Tower were fetching at the time (AED 2,099). Over the last 12 months one-beds sold for AED 1,730,000 to 2,000,000, around AED 2,039 per sqft, and rent for AED 72,500 to 130,000 a year. 803's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Apr 20262,000,000
10 Apr 20261,800,000
8 Apr 20261,730,000
18 Jul 20251,760,000
3 1-bed sales 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 8th floor

All 160 units in Meera Tower
Value
8042-bedAED 3.08M · Feb 2023
8051-bedAED 2M · Jul 2023
8061-bedAED 2.17M · Mar 2023
8071-bedAED 2M · Feb 2023
8081-bedAED 1.78M · Dec 2022
8092-bedAED 2.66M · Feb 2023

803, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 27 March 2023 for AED 2,000,000, or AED 2,328 per sqft.
  • Rented since July 2019 on 4 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 16,300 a year (AED 18.99 per sqft).
  • One-beds in Meera Tower sold for AED 1,730,000–2,000,000 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 27 March 2023.

Questions about 803, Meera Tower

What did unit 803 last sell for?

AED 2,000,000 on 27 March 2023, sold by the developer: AED 2,328 per sqft for 859 sqft. It is the only registered sale of the unit.

What is the rent for unit 803?

AED 100,000 a year on the contract renewed on 13 July 2022. The previous contract, from July 2021, was AED 100,000; the unit has been rented since July 2019.

How big is unit 803?

859 sqft (79.8 sqm): a one-bedroom apartment on the 8th floor of a 44-storey tower completed in 2022.

What is unit 803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Meera Tower sold for AED 1,730,000 to 2,000,000 in the last 12 months, around AED 2,039 per sqft.

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Mortgage on 803, Meera Tower

Starts from the last sale price (AED 2M, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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