2-bed · 1,269 sqftMeera Tower, Business Bay · 23rd floor · completed 2022

2306, Meera Tower

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2306 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 2.5M30 October 2024
Current rentAED 79K /yr20 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, Meera Tower

What is 2306 worth today?

Last sold for AED 2,500,000 in 2024

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30 Oct 2024SoldReady
AED 2,500,000AED 1,970 per sqft
4 Jan 2023Sold by developerReady
AED 2,790,759AED 2,199 per sqft
20 Aug 2022RentedRenewal
AED 79,200/yr12 months · AED 62 per sqft
20 Aug 2021RentedRenewal
AED 79,200/yr12 months · AED 62 per sqft
20 Aug 2020RentedRenewal
AED 79,200/yr12 months · AED 62 per sqft
20 Aug 2019RentedNew contract
AED 79,200/yr12 months · AED 62 per sqft
20 Aug 2019RentedRenewal
AED 79,200/yr12 months · AED 62 per sqft
20 Aug 2018RentedNew contract
AED 79,200/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
2-bed apartment
Size
1,269 sqft
Floor
23rd of 44
Parking
B-187
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 24,100 /yr
Last sold
AED 2.5M · October 2024
Building
Meera Tower

About 2306, Meera Tower

2306 is a two-bedroom apartment of 1,269 sqft on the 23rd floor of Meera Tower, a 44-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. It last sold on 30 October 2024 for AED 2,500,000, or AED 1,970 per sqft, in line with the AED 1,994 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 20 August 2022, is AED 79,200 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 24,100 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, each saleTypical two-bed in Meera Tower
2.5M3M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,112,845; 2024 AED 3,024,189Sold by developer, January 2023: AED 2,790,759 (AED 2,199 per sqft)Sold, October 2024: AED 2,500,000 (AED 1,970 per sqft)

2306 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2306, each contractTypical two-bed in Meera Tower
100K150K2018202120242027Typical rent by year: 2018 AED 120,086; 2019 AED 112,500; 2020 AED 95,000; 2021 AED 92,400; 2022 AED 92,400; 2023 AED 160,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 170,000New contract, August 2018: AED 79,200 a yearNew contract, August 2019: AED 79,200 a yearRenewal, August 2019: AED 79,200 a yearRenewal, August 2020: AED 79,200 a yearRenewal, August 2021: AED 79,200 a yearRenewal, August 2022: AED 79,200 a year

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 2306 sits

All 75 2-beds →

2306 last sold in October 2024 at AED 1,970 per sqft, in line with what two-beds in Meera Tower were fetching at the time (AED 1,994). 2306's AED 79,200 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20243,106,305
10 Oct 20242,519,397
18 Sep 20243,024,189
18 Sep 20243,024,189
0 2-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. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 160K /yr
Typical yield
Meera Tower, Business Bay: prices, sales and rents →

Other units on the 23rd floor

All 160 units in Meera Tower
Value
23013-bedAED 4.52M · Apr 2023

2306, Meera Tower in numbers

  • Sold twice: first on 4 January 2023 for AED 2,790,759, last on 30 October 2024 for AED 2,500,000 (AED 1,970 per sqft).
  • Rented since August 2018 on 6 Ejari contracts, at AED 79,200 a year.
  • At AED 79,200 a year the gross yield on the 2024 price is 3.2%, before a service charge of about AED 24,100 a year (AED 18.99 per sqft).

Source: Dubai Land Department. Updated 30 October 2024.

Questions about 2306, Meera Tower

What did unit 2306 last sell for?

AED 2,500,000 on 30 October 2024: AED 1,970 per sqft for 1,269 sqft. The unit has 2 registered sales; the first was AED 2,790,759 in January 2023.

What is the rent for unit 2306?

AED 79,200 a year on the contract renewed on 20 August 2022. The previous contract, from August 2021, was AED 79,200; the unit has been rented since August 2018.

How big is unit 2306?

1,269 sqft (117.9 sqm): a two-bedroom apartment on the 23rd floor of a 44-storey tower completed in 2022.

What is unit 2306 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 2306, Meera Tower

Starts from the last sale price (AED 2.5M, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →