1-bed · 1,050 sqftMeera Tower, Business Bay · 9th floor · completed 2022

906, 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 906 · DLD and Ejari recordsUpdated 13 March 2023
Last soldAED 2.17M13 March 2023
Current rentAED 85K /yr29 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 906, Meera Tower

What is 906 worth today?

Last sold for AED 2,173,842 in 2023

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13 Mar 2023Sold by developerReady
AED 2,173,842AED 2,070 per sqft
29 Jul 2022RentedNew contract
AED 85,000/yr12 months · AED 81 per sqft
8 Jul 2021RentedRenewal
AED 70,000/yr12 months · AED 65 per sqft
8 Jul 2020RentedRenewal
AED 78,000/yr12 months · AED 73 per sqft
8 Jul 2019RentedNew contract
AED 90,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 13 March 2023.

Key facts

Type
1-bed apartment
Size
1,050 sqft
Floor
9th of 44
Parking
L4-14
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 2.17M · March 2023
Building
Meera Tower

About 906, Meera Tower

906 is a one-bedroom apartment of 1,050 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 13 March 2023 for AED 2,173,842, or AED 2,070 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, signed on 29 July 2022, is AED 85,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 19,900 a year.

Sales and rents for 906 over time

Sales
Unit 906, each saleTypical one-bed in Meera Tower
1.8M2M2.2M202220242026Typical sale price by year: 2022 AED 1,853,545; 2023 AED 2,000,000; 2026 AED 1,800,000Sold by developer, March 2023: AED 2,173,842 (AED 2,070 per sqft)

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

Rents
Unit 906, each contractTypical one-bed in Meera Tower
75K100K2018202120242027Typical 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, July 2019: AED 90,000 a yearRenewal, July 2020: AED 78,000 a yearRenewal, July 2021: AED 70,000 a yearNew contract, July 2022: AED 85,000 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 906 sits

All 57 1-beds →

906 last sold in March 2023 at AED 2,070 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. 906's AED 85,000 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
9051-bedAED 1.81M · Dec 2022
9071-bedAED 2M · Mar 2023
9081-bedAED 1.78M · Jan 2023
9092-bedAED 2.66M · Feb 2023
1–7 of 8

906, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 13 March 2023 for AED 2,173,842, or AED 2,070 per sqft.
  • Rented since July 2019 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 70,000 in 2021 and recovered to AED 85,000 by July 2022.
  • At AED 85,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 19,900 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 13 March 2023.

Questions about 906, Meera Tower

What did unit 906 last sell for?

AED 2,173,842 on 13 March 2023, sold by the developer: AED 2,070 per sqft for 1,050 sqft. It is the only registered sale of the unit.

What is the rent for unit 906?

AED 85,000 a year on the contract signed on 29 July 2022. The previous contract, from July 2021, was AED 70,000; the unit has been rented since July 2019.

How big is unit 906?

1,050 sqft (97.5 sqm): a one-bedroom apartment on the 9th floor of a 44-storey tower completed in 2022.

What is unit 906 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 906, Meera Tower

Starts from the last sale price (AED 2.17M, 13 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,173,842
Deposit, UAE resident (20%)
AED 434,768
Deposit, non-resident (40%)
AED 869,537
Monthly over 25 years at 3.7%
AED 8,894

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