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2-bed · 1,503 sqftMeera Tower, Business Bay · 24th floor · completed 2022

2407, Meera Tower

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 3.44M9 July 2023
Current rentAED 168K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2407, Meera Tower

What is 2407 worth today?

Last sold for AED 3,435,725 in 2023

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15 Sep 2024RentedNew contract
AED 168,000/yr12 months · AED 112 per sqft
1 Aug 2023RentedNew contract
AED 170,000/yr12 months · AED 113 per sqft
9 Jul 2023Sold by developerReady
AED 3,435,725AED 2,285 per sqft
22 Apr 2022RentedRenewal
AED 110,000/yr12 months · AED 73 per sqft
22 Apr 2021RentedNew contract
AED 110,000/yr12 months · AED 72 per sqft
11 Apr 2021RentedNew contract
AED 90,000/yr12 months · AED 59 per sqft
8 Jan 2021RentedNew contract
AED 90,000/yr12 months · AED 59 per sqft
6 Jan 2020RentedRenewal
AED 90,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
2-bed apartment
Size
1,503 sqft
Floor
24th of 44
Parking
L2-15
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 28,500 /yr
Last sold
AED 3.44M · July 2023
Building
Meera Tower

About 2407, Meera Tower

2407 is a two-bedroom apartment of 1,503 sqft on the 24th 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 9 July 2023 for AED 3,435,725, or AED 2,285 per sqft, 5% above the AED 2,174 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 15 September 2024, is AED 168,000 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 28,500 a year.

Sales and rents for 2407 over time

Sales
Unit 2407, each saleTypical two-bed in Meera Tower
3M3.2M3.4M2022202320242025Typical sale price by year: 2022 AED 3,221,026; 2023 AED 3,112,845; 2024 AED 3,024,189Sold by developer, July 2023: AED 3,435,725 (AED 2,285 per sqft)

2407 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2407, 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 135,000 a yearNew contract, January 2019: AED 90,000 a yearRenewal, January 2020: AED 90,000 a yearNew contract, January 2021: AED 90,000 a yearNew contract, April 2021: AED 110,000 a yearNew contract, April 2021: AED 90,000 a yearRenewal, April 2022: AED 110,000 a yearNew contract, August 2023: AED 170,000 a yearNew contract, September 2024: AED 168,000 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 2407 sits

All 75 2-beds →

2407 last sold in July 2023 at AED 2,285 per sqft, 5% above what two-beds in Meera Tower were fetching at the time (AED 2,174). 2407's AED 168,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Oct 20242,500,000
14 Oct 20243,106,305
10 Oct 20242,519,397
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 24th floor

All 160 units in Meera Tower
Value
24013-bedAED 4.57M · Aug 2023
24062-bedAED 2.7M · Jan 2023

2407, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 9 July 2023 for AED 3,435,725, or AED 2,285 per sqft.
  • Rented since August 2018 on 9 Ejari contracts. The rent fell from AED 135,000 to AED 90,000 in 2021 and recovered to AED 168,000 by September 2024.
  • At AED 168,000 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 28,500 a year (AED 18.99 per sqft).

Source: Dubai Land Department. Updated 15 September 2024.

Questions about 2407, Meera Tower

What did unit 2407 last sell for?

AED 3,435,725 on 9 July 2023, sold by the developer: AED 2,285 per sqft for 1,503 sqft. It is the only registered sale of the unit.

What is the rent for unit 2407?

AED 168,000 a year on the contract signed on 15 September 2024. The previous contract, from August 2023, was AED 170,000; the unit has been rented since August 2018.

How big is unit 2407?

1,503 sqft (139.6 sqm): a two-bedroom apartment on the 24th floor of a 44-storey tower completed in 2022.

What is unit 2407 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 2407, Meera Tower

Starts from the last sale price (AED 3.44M, 9 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,435,725
Deposit, UAE resident (20%)
AED 687,145
Deposit, non-resident (40%)
AED 1,374,290
Monthly over 25 years at 3.7%
AED 14,057

Plus AED 149,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →