1701, 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 1701, Meera Tower
What is 1701 worth today?
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Source: Dubai Land Department. Updated 24 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,496 sqft
- Floor
- 17th of 44
- Parking
- L2-57
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 3.25M · January 2023
- Building
- Meera Tower
About 1701, Meera Tower
1701 is a two-bedroom apartment of 1,496 sqft on the 17th 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 24 January 2023 for AED 3,254,433, 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, signed on 14 December 2022, is AED 138,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 28,400 a year.
Sales and rents for 1701 over time
1701 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 1701 sits
All 75 2-beds →1701 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). 1701's AED 138,000 is at the bottom 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 17th floor
All 160 units in Meera Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1703 | 1-bed | 868 sqft | AED 1.66MAED 1,655,607 · Jun 2024June 2024 | 115,000 /yr | |
| 1704 | 2-bed | 1,496 sqft | AED 3.25MAED 3,254,433 · Dec 2022December 2022 | 56,088 /yr | |
| 1705 | 1-bed | 883 sqft | AED 1.85MAED 1,853,545 · Nov 2022November 2022 | 110,000 /yr | |
| 1706 | 1-bed | 1,050 sqft | AED 2.23MAED 2,226,863 · May 2023May 2023 | 89,250 /yr | |
| 1707 | 1-bed | 952 sqft | AED 2MAED 2,000,000 · Nov 2022November 2022 | 80,000 /yr | |
| 1708 | 1-bed | 880 sqft | AED 1.85MAED 1,847,442 · Feb 2023February 2023 | 120,000 /yr | |
| 1709 | 2-bed | 1,260 sqft | AED 2.74MAED 2,741,019 · May 2023May 2023 | 92,400 /yr | |
| 1710 | 2-bed | 1,496 sqft | AED 3.14MAED 3,141,985 · Feb 2023February 2023 | 162,314 /yr |
1701, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 24 January 2023 for AED 3,254,433, or AED 2,174 per sqft.
- Rented since March 2018 on 7 Ejari contracts. The rent fell from AED 134,000 to AED 100,000 in 2022 and recovered to AED 138,000 by December 2022.
- At AED 138,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 28,400 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 24 January 2023.
Questions about 1701, Meera Tower
What did unit 1701 last sell for?
AED 3,254,433 on 24 January 2023, sold by the developer: AED 2,174 per sqft for 1,496 sqft. It is the only registered sale of the unit.
What is the rent for unit 1701?
AED 138,000 a year on the contract signed on 14 December 2022. The previous contract, from July 2022, was AED 100,000; the unit has been rented since March 2018.
How big is unit 1701?
1,496 sqft (139.0 sqm): a two-bedroom apartment on the 17th floor of a 44-storey tower completed in 2022.
What is unit 1701 worth today?
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Mortgage on 1701, Meera Tower
Starts from the last sale price (AED 3.25M, 24 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,254,433
- Deposit, UAE resident (20%)
- AED 650,887
- Deposit, non-resident (40%)
- AED 1,301,773
- Monthly over 25 years at 3.7%
- AED 13,315
Plus AED 141,696 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →