1-bed · 870 sqftMeera Tower, Business Bay · 8th floor · completed 2022

808, Meera Tower

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 808 · DLD and Ejari recordsUpdated 12 December 2022
Last soldAED 1.78M12 December 2022
Current rentAED 100K /yr13 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 808, Meera Tower

What is 808 worth today?

Last sold for AED 1,782,934 in 2022

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12 Dec 2022Sold by developerReady
AED 1,782,934AED 2,049 per sqft
13 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 115 per sqft
13 Jul 2021RentedRenewal
AED 100,000/yr12 months · AED 115 per sqft
13 Jul 2020RentedRenewal
AED 100,000/yr12 months · AED 114 per sqft
13 Jul 2019RentedRenewal
AED 100,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 12 December 2022.

Key facts

Type
1-bed apartment
Size
870 sqft
Floor
8th of 44
Parking
L5-220
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,500 /yr
Last sold
AED 1.78M · December 2022
Building
Meera Tower

About 808, Meera Tower

808 is a one-bedroom apartment of 870 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 12 December 2022 for AED 1,782,934, or AED 2,049 per sqft, in line with 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 5.6% on the 2022 price, before the service charge of about AED 16,500 a year.

Sales and rents for 808 over time

Sales
Unit 808, 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, December 2022: AED 1,782,934 (AED 2,049 per sqft)

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

Rents
Unit 808, 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 808 sits

All 57 1-beds →

808 last sold in December 2022 at AED 2,049 per sqft, in line with 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. 808'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
8031-bedAED 2M · Mar 2023
8042-bedAED 3.08M · Feb 2023
8051-bedAED 2M · Jul 2023
8061-bedAED 2.17M · Mar 2023
8071-bedAED 2M · Feb 2023
8092-bedAED 2.66M · Feb 2023

808, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 12 December 2022 for AED 1,782,934, or AED 2,049 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 2022 price is 5.6%, before a service charge of about AED 16,500 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 12 December 2022.

Questions about 808, Meera Tower

What did unit 808 last sell for?

AED 1,782,934 on 12 December 2022, sold by the developer: AED 2,049 per sqft for 870 sqft. It is the only registered sale of the unit.

What is the rent for unit 808?

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 808?

870 sqft (80.8 sqm): a one-bedroom apartment on the 8th floor of a 44-storey tower completed in 2022.

What is unit 808 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 808, Meera Tower

Starts from the last sale price (AED 1.78M, 12 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,782,934
Deposit, UAE resident (20%)
AED 356,587
Deposit, non-resident (40%)
AED 713,174
Monthly over 25 years at 3.7%
AED 7,295

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