1-bed · 870 sqftMeera Tower, Business Bay · 9th floor · completed 2022

908, Meera Tower

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

Unit 908 · DLD and Ejari recordsUpdated 18 January 2023
Last soldAED 1.78M18 January 2023
Current rentAED 75K /yr4 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, Meera Tower

What is 908 worth today?

Last sold for AED 1,782,934 in 2023

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18 Jan 2023Sold by developerReady
AED 1,782,934AED 2,049 per sqft
4 Apr 2022RentedRenewal
AED 75,000/yr12 months · AED 86 per sqft
4 Apr 2021RentedNew contract
AED 75,000/yr12 months · AED 86 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 18 January 2023.

Key facts

Type
1-bed apartment
Size
870 sqft
Floor
9th of 44
Parking
L2-58
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,500 /yr
Last sold
AED 1.78M · January 2023
Building
Meera Tower

About 908, Meera Tower

908 is a one-bedroom apartment of 870 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 18 January 2023 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 4 April 2022, is AED 75,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 16,500 a year.

Sales and rents for 908 over time

Sales
Unit 908, 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, January 2023: AED 1,782,934 (AED 2,049 per sqft)

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

Rents
Unit 908, 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 100,000Renewal, July 2019: AED 100,000 a yearRenewal, July 2020: AED 100,000 a yearNew contract, April 2021: AED 75,000 a yearRenewal, April 2022: 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 908 sits

All 57 1-beds →

908 last sold in January 2023 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. 908'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
9051-bedAED 1.81M · Dec 2022
9061-bedAED 2.17M · Mar 2023
9071-bedAED 2M · Mar 2023
9092-bedAED 2.66M · Feb 2023
1–7 of 8

908, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 18 January 2023 for AED 1,782,934, or AED 2,049 per sqft.
  • Rented since July 2019 on 4 Ejari contracts, from AED 100,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 4.2%, 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 18 January 2023.

Questions about 908, Meera Tower

What did unit 908 last sell for?

AED 1,782,934 on 18 January 2023, 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 908?

AED 75,000 a year on the contract renewed on 4 April 2022. The previous contract, from April 2021, was AED 75,000; the unit has been rented since July 2019.

How big is unit 908?

870 sqft (80.8 sqm): a one-bedroom apartment on the 9th floor of a 44-storey tower completed in 2022.

What is unit 908 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 908, Meera Tower

Starts from the last sale price (AED 1.78M, 18 January 2023). 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 →