4205, Meera Tower
Sold prices and rental history: sold once, by the developer in March 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 4205, Meera Tower
What is 4205 worth today?
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Source: Dubai Land Department. Updated 25 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 42nd of 44
- Parking
- L3-17, L3-18
- Developer
- Al Habtoor City Real Estate Development
- Completed
- 2022
- Service charge
- AED 30,800 /yr
- Last sold
- AED 3.73M · March 2023
- Building
- Meera Tower
About 4205, Meera Tower
4205 is a two-bedroom apartment of 1,622 sqft on the 42nd 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 31 March 2023 for AED 3,727,229, or AED 2,297 per sqft, 7% above the AED 2,149 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 25 May 2024, is AED 150,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 30,800 a year.
Sales and rents for 4205 over time
4205 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 4205 sits
All 75 2-beds →4205 last sold in March 2023 at AED 2,297 per sqft, 7% above what two-beds in Meera Tower were fetching at the time (AED 2,149). 4205's AED 150,000 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 42nd floor
All 160 units in Meera Tower4205, Meera Tower in numbers
- Sold once: by Al Habtoor City Real Estate Development on 31 March 2023 for AED 3,727,229, or AED 2,297 per sqft.
- Rented since July 2018 on 9 Ejari contracts. The rent fell from AED 145,000 to AED 92,400 in 2022 and recovered to AED 150,000 by May 2024.
- At AED 150,000 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 30,800 a year (AED 18.99 per sqft).
Source: Dubai Land Department. Updated 25 May 2024.
Questions about 4205, Meera Tower
What did unit 4205 last sell for?
AED 3,727,229 on 31 March 2023, sold by the developer: AED 2,297 per sqft for 1,622 sqft. It is the only registered sale of the unit.
What is the rent for unit 4205?
AED 150,000 a year on the contract renewed on 25 May 2024. The previous contract, from May 2023, was AED 150,000; the unit has been rented since July 2018.
How big is unit 4205?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 42nd floor of a 44-storey tower completed in 2022.
What is unit 4205 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 4205, Meera Tower
Starts from the last sale price (AED 3.73M, 31 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,727,229
- Deposit, UAE resident (20%)
- AED 745,446
- Deposit, non-resident (40%)
- AED 1,490,892
- Monthly over 25 years at 3.7%
- AED 15,249
Plus AED 161,553 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →