3-bed · 1,945 sqftMeera Tower, Business Bay · 40th floor · completed 2022

4004, Meera Tower

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4004 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 4.47M3 July 2023
Current rentAED 250K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4004, Meera Tower

What is 4004 worth today?

Last sold for AED 4,474,084 in 2023

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15 Aug 2024RentedNew contract
AED 250,000/yr12 months · AED 128 per sqft
15 Aug 2023RentedNew contract
AED 250,000/yr12 months · AED 128 per sqft
3 Jul 2023Sold by developerReady
AED 4,474,084AED 2,299 per sqft
25 Nov 2021RentedRenewal
AED 75,000/yr12 months · AED 39 per sqft
1 Sep 2020RentedNew contract
AED 75,000/yr15 months · AED 38 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
3-bed apartment
Size
1,945 sqft
Floor
40th of 44
Parking
B-394, B-395
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 36,900 /yr
Last sold
AED 4.47M · July 2023
Building
Meera Tower

About 4004, Meera Tower

4004 is a three-bedroom apartment of 1,945 sqft on the 40th 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 3 July 2023 for AED 4,474,084, or AED 2,299 per sqft, in line with the AED 2,299 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 15 August 2024, is AED 250,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 36,900 a year.

Sales and rents for 4004 over time

Rents
Unit 4004, each contractTypical three-bed in Meera Tower
100K200K20182020202220242026Typical rent by year: 2018 AED 161,000; 2019 AED 157,500; 2020 AED 137,500; 2021 AED 140,000; 2022 AED 150,000; 2023 AED 230,000; 2024 AED 227,500; 2025 AED 232,500New contract, September 2020: AED 75,000 a yearRenewal, November 2021: AED 75,000 a yearNew contract, August 2023: AED 250,000 a yearNew contract, August 2024: AED 250,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Meera Tower, and where 4004 sits

All 24 3-beds →

4004 last sold in July 2023 at AED 2,299 per sqft, in line with what three-beds in Meera Tower were fetching at the time (AED 2,299).

Recent 3-bed salesUnit no.Price (AED)Summary
10 Jan 20245,167,084
28 Aug 20234,570,882
6 Aug 20234,574,583
1 Aug 20234,443,140
0 3-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 40th floor

All 160 units in Meera Tower
Value
40013-bedAED 4.43M · Apr 2023
40072-bedAED 3.58M · Jul 2023

4004, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 3 July 2023 for AED 4,474,084, or AED 2,299 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 75,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 36,900 a year (AED 18.99 per sqft).

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 4004, Meera Tower

What did unit 4004 last sell for?

AED 4,474,084 on 3 July 2023, sold by the developer: AED 2,299 per sqft for 1,945 sqft. It is the only registered sale of the unit.

What is the rent for unit 4004?

AED 250,000 a year on the contract signed on 15 August 2024. The previous contract, from August 2023, was AED 250,000; the unit has been rented since September 2020.

How big is unit 4004?

1,945 sqft (180.7 sqm): a three-bedroom apartment on the 40th floor of a 44-storey tower completed in 2022.

What is unit 4004 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 4004, Meera Tower

Starts from the last sale price (AED 4.47M, 3 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,474,084
Deposit, UAE resident (20%)
AED 894,817
Deposit, non-resident (40%)
AED 1,789,634
Monthly over 25 years at 3.7%
AED 18,305

Plus AED 192,921 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →