1104, Meera Tower
Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1104, Meera Tower
What is 1104 worth today?
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Source: Dubai Land Department. Updated 10 February 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,500 sqft
- Floor
- 11th of 44
- Parking
- L5-221
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.11M · February 2023
- Building
- Meera Tower
About 1104, Meera Tower
1104 is a two-bedroom apartment of 1,500 sqft on the 11th 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 1 February 2023 for AED 3,112,845, or AED 2,074 per sqft, 5% below the AED 2,174 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 10 February 2023, is AED 155,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 28,500 a year.
Sales and rents for 1104 over time
1104 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Meera Tower, and where 1104 sits
All 75 2-beds →1104 last sold in February 2023 at AED 2,074 per sqft, 5% below what two-beds in Meera Tower were fetching at the time (AED 2,174). 1104's AED 155,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Oct 202430 October 2024 | 1,269 sqft | 2,500,000 | 1,970 | ||
| 14 Oct 202414 October 2024 | 1,516 sqft | 3,106,305 | 2,048 | ||
| 10 Oct 202410 October 2024 | 1,278 sqft | 2,519,397 | 1,972 | ||
| 18 Sep 202418 September 2024 | 1,516 sqft | 3,024,189 | 1,994 |
Meera Tower
Building160 apartments, 1-bed to 4-bed over 44 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 160K /yr
- Typical yield
Other units on the 11th floor
All 160 units in Meera Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1103 | 1-bed | 859 sqft | AED 2MAED 2,000,000 · Mar 2023March 2023 | 100,000 /yr | |
| 1105 | 1-bed | 883 sqft | AED 1.81MAED 1,809,193 · Nov 2022November 2022 | 100,000 /yr | |
| 1106 | 1-bed | 1,050 sqft | AED 2.17MAED 2,173,842 · Mar 2023March 2023 | 105,000 /yr | |
| 1107 | 1-bed | 956 sqft | AED 2MAED 2,000,000 · Mar 2023March 2023 | 115,000 /yr | |
| 1108 | 1-bed | 870 sqft | AED 1.78MAED 1,782,934 · Dec 2022December 2022 | 92,400 /yr | |
| 1109 | 2-bed | 1,251 sqft | AED 2.69MAED 2,690,073 · Jun 2023June 2023 | 120,000 /yr | |
| 1110 | 2-bed | 1,500 sqft | AED 3.26MAED 3,257,611 · Jul 2023July 2023 | 155,000 /yr |
1104, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 1 February 2023 for AED 3,112,845, or AED 2,074 per sqft.
- Rented since July 2019 on 7 Ejari contracts. The rent fell from AED 115,000 to AED 68,817 in 2021 and recovered to AED 155,000 by February 2023.
- At AED 155,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 28,500 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 10 February 2023.
Questions about 1104, Meera Tower
What did unit 1104 last sell for?
AED 3,112,845 on 1 February 2023, sold by the developer: AED 2,074 per sqft for 1,500 sqft. It is the only registered sale of the unit.
What is the rent for unit 1104?
AED 155,000 a year on the contract signed on 10 February 2023. The previous contract, from July 2022, was AED 100,000; the unit has been rented since July 2019.
How big is unit 1104?
1,500 sqft (139.4 sqm): a two-bedroom apartment on the 11th floor of a 44-storey tower completed in 2022.
What is unit 1104 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1104, Meera Tower
Starts from the last sale price (AED 3.11M, 1 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,112,845
- Deposit, UAE resident (20%)
- AED 622,569
- Deposit, non-resident (40%)
- AED 1,245,138
- Monthly over 25 years at 3.7%
- AED 12,736
Plus AED 135,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →