1-bed · 883 sqftMeera Tower, Business Bay · 9th floor · completed 2022

905, Meera Tower

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

Unit 905 · DLD and Ejari recordsUpdated 5 December 2022
Last soldAED 1.81M5 December 2022
Current rentAED 75K /yr25 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 905, Meera Tower

What is 905 worth today?

Last sold for AED 1,809,193 in 2022

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5 Dec 2022Sold by developerReady
AED 1,809,193AED 2,049 per sqft
25 Feb 2021RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft
12 Sep 2020RentedNew contract
AED 92,400/yr10 months · AED 105 per sqft
25 Aug 2019RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 5 December 2022.

Key facts

Type
1-bed apartment
Size
883 sqft
Floor
9th of 44
Parking
L3-22
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,800 /yr
Last sold
AED 1.81M · December 2022
Building
Meera Tower

About 905, Meera Tower

905 is a one-bedroom apartment of 883 sqft on the 9th 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 5 December 2022 for AED 1,809,193, 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 since 2019 on 3 Ejari contracts. The current contract, signed on 25 February 2021, is AED 75,000 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 16,800 a year.

Sales and rents for 905 over time

Sales
Unit 905, 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 1,809,193 (AED 2,049 per sqft)

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

Rents
Unit 905, each contractTypical one-bed in Meera Tower
80K100K120K2018202120242027Typical 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 100,000New contract, August 2019: AED 75,000 a yearNew contract, September 2020: AED 92,400 a yearNew contract, February 2021: AED 75,000 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 905 sits

All 57 1-beds →

905 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. 905's AED 75,000 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 9th floor

All 160 units in Meera Tower
Value
9022-bedAED 2.94M · Mar 2023
9031-bedAED 1.78M · Apr 2023
9042-bedAED 3.08M · Feb 2023
9061-bedAED 2.17M · Mar 2023
9071-bedAED 2M · Mar 2023
9081-bedAED 1.78M · Jan 2023
9092-bedAED 2.66M · Feb 2023
1–7 of 8

905, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 5 December 2022 for AED 1,809,193, or AED 2,049 per sqft.
  • Rented since August 2019 on 3 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 4.2%, before a service charge of about AED 16,800 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 5 December 2022.

Questions about 905, Meera Tower

What did unit 905 last sell for?

AED 1,809,193 on 5 December 2022, sold by the developer: AED 2,049 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 905?

AED 75,000 a year on the contract signed on 25 February 2021. The previous contract, from September 2020, was AED 92,400; the unit has been rented since August 2019.

How big is unit 905?

883 sqft (82.0 sqm): a one-bedroom apartment on the 9th floor of a 44-storey tower completed in 2022.

What is unit 905 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 905, Meera Tower

Starts from the last sale price (AED 1.81M, 5 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,809,193
Deposit, UAE resident (20%)
AED 361,839
Deposit, non-resident (40%)
AED 723,677
Monthly over 25 years at 3.7%
AED 7,402

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