1609, Meera Tower
Sold prices and rental history: sold once, by the developer in January 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 1609, Meera Tower
What is 1609 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,260 sqft
- Floor
- 16th of 44
- Parking
- L5-222
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 23,900 /yr
- Last sold
- AED 2.74M · January 2023
- Building
- Meera Tower
About 1609, Meera Tower
1609 is a two-bedroom apartment of 1,260 sqft on the 16th 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 20 January 2023 for AED 2,741,019, or AED 2,174 per sqft, in line with the AED 2,174 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 165,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 23,900 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 75 2-beds →1609 last sold in January 2023 at AED 2,174 per sqft, in line with what two-beds in Meera Tower were fetching at the time (AED 2,174). 1609'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 16th floor
All 160 units in Meera Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,496 sqft | AED 2.93MAED 2,926,725 · Jul 2024July 2024 | 162,000 /yr | |
| 1603 | 1-bed | 868 sqft | AED 1.84MAED 1,840,576 · Mar 2023March 2023 | 105,000 /yr | |
| 1604 | 2-bed | 1,496 sqft | AED 3.34MAED 3,341,864 · May 2024May 2024 | 180,000 /yr | |
| 1605 | 1-bed | 883 sqft | AED 1.85MAED 1,853,545 · Oct 2022October 2022 | 100,000 /yr | |
| 1606 | 1-bed | 1,050 sqft | AED 2.23MAED 2,226,863 · May 2023May 2023 | 115,000 /yr | |
| 1607 | 1-bed | 952 sqft | AED 2MAED 2,000,000 · Feb 2023February 2023 | 120,000 /yr | |
| 1608 | 1-bed | 880 sqft | AED 1.85MAED 1,847,442 · Oct 2022October 2022 | 105,000 /yr | |
| 1610 | 2-bed | 1,496 sqft | AED 3.14MAED 3,141,985 · Mar 2023March 2023 | 155,000 /yr |
1609, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 20 January 2023 for AED 2,741,019, or AED 2,174 per sqft.
- Rented since May 2018 on 7 Ejari contracts. The rent fell from AED 112,500 to AED 90,000 in 2020 and recovered to AED 165,000 by November 2024.
- At AED 165,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 23,900 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 1 November 2024.
Questions about 1609, Meera Tower
What did unit 1609 last sell for?
AED 2,741,019 on 20 January 2023, sold by the developer: AED 2,174 per sqft for 1,260 sqft. It is the only registered sale of the unit.
What is the rent for unit 1609?
AED 165,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 165,000; the unit has been rented since May 2018.
How big is unit 1609?
1,260 sqft (117.1 sqm): a two-bedroom apartment on the 16th floor of a 44-storey tower completed in 2022.
What is unit 1609 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 1609, Meera Tower
Starts from the last sale price (AED 2.74M, 20 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,741,019
- Deposit, UAE resident (20%)
- AED 548,204
- Deposit, non-resident (40%)
- AED 1,096,408
- Monthly over 25 years at 3.7%
- AED 11,214
Plus AED 120,133 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →