1209, Meera Tower
Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1209, Meera Tower
What is 1209 worth today?
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Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,251 sqft
- Floor
- 12th of 44
- Parking
- L5-22
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 23,800 /yr
- Last sold
- AED 2.6M · February 2023
- Building
- Meera Tower
About 1209, Meera Tower
1209 is a two-bedroom apartment of 1,251 sqft on the 12th 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 6 February 2023 for AED 2,596,234, or AED 2,074 per sqft, 4% below the AED 2,162 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 11 October 2024, is AED 165,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 23,800 a year.
Sales and rents for 1209 over time
1209 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 1209 sits
All 75 2-beds →1209 last sold in February 2023 at AED 2,074 per sqft, 4% below what two-beds in Meera Tower were fetching at the time (AED 2,162). 1209's AED 165,000 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 12th floor
All 160 units in Meera Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1203 | 1-bed | 859 sqft | AED 2.06MAED 2,060,003 · Jun 2023June 2023 | 115,000 /yr | |
| 1204 | 2-bed | 1,500 sqft | AED 3.23MAED 3,225,357 · Feb 2023February 2023 | 160,000 /yr | |
| 1205 | 1-bed | 883 sqft | AED 1.81MAED 1,809,193 · Nov 2022November 2022 | 125,000 /yr | |
| 1206 | 1-bed | 1,050 sqft | AED 2.15MAED 2,152,319 · Dec 2022December 2022 | 92,400 /yr | |
| 1207 | 1-bed | 956 sqft | AED 1.96MAED 1,958,800 · Jan 2023January 2023 | 120,000 /yr | |
| 1208 | 1-bed | 870 sqft | AED 1.87MAED 1,870,488 · Dec 2024December 2024 | 125,000 /yr | |
| 1210 | 2-bed | 1,500 sqft | AED 3.11MAED 3,112,845 · Feb 2023February 2023 | 160,000 /yr |
1209, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 6 February 2023 for AED 2,596,234, or AED 2,074 per sqft.
- Rented since April 2018 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 92,400 in 2022 and recovered to AED 165,000 by October 2024.
- At AED 165,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 23,800 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 11 October 2024.
Questions about 1209, Meera Tower
What did unit 1209 last sell for?
AED 2,596,234 on 6 February 2023, sold by the developer: AED 2,074 per sqft for 1,251 sqft. It is the only registered sale of the unit.
What is the rent for unit 1209?
AED 165,000 a year on the contract signed on 11 October 2024. The previous contract, from July 2022, was AED 92,400; the unit has been rented since April 2018.
How big is unit 1209?
1,251 sqft (116.2 sqm): a two-bedroom apartment on the 12th floor of a 44-storey tower completed in 2022.
What is unit 1209 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 1209, Meera Tower
Starts from the last sale price (AED 2.6M, 6 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,596,234
- Deposit, UAE resident (20%)
- AED 519,247
- Deposit, non-resident (40%)
- AED 1,038,494
- Monthly over 25 years at 3.7%
- AED 10,622
Plus AED 114,051 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →