1-bed · 859 sqftMeera Tower, Business Bay · 9th floor · completed 2022

903, Meera Tower

Sold prices and rental history: sold once, by the developer in April 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 903 · DLD and Ejari recordsUpdated 11 August 2024
Last soldAED 1.78M18 April 2023
Current rentAED 192K /yr11 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 903, Meera Tower

What is 903 worth today?

Last sold for AED 1,778,477 in 2023

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11 Aug 2024RentedNew contract
AED 192,000/yr9 months · AED 223 per sqft
11 May 2023RentedNew contract
AED 85,000/yr13 months · AED 99 per sqft
18 Apr 2023Sold by developerReady
AED 1,778,477AED 2,070 per sqft
13 Jul 2022RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft
13 Jul 2021RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft
13 Jul 2019RentedRenewal
AED 100,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 11 August 2024.

Key facts

Type
1-bed apartment
Size
859 sqft
Floor
9th of 44
Parking
L3-36
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 16,300 /yr
Last sold
AED 1.78M · April 2023
Building
Meera Tower

About 903, Meera Tower

903 is a one-bedroom apartment of 859 sqft on the 9th 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 18 April 2023 for AED 1,778,477, or AED 2,070 per sqft, in line with the AED 2,099 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 11 August 2024, is AED 192,000 a year: a gross yield of 10.8% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 903 over time

Sales
Unit 903, each saleTypical one-bed in Meera Tower
1.8M2M202220232024Typical sale price by year: 2022 AED 1,853,545; 2023 AED 2,000,000Sold by developer, April 2023: AED 1,778,477 (AED 2,070 per sqft)

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

Rents
Unit 903, each contractTypical one-bed in Meera Tower
100K150K200K20182020202220242026Typical rent by year: 2018 AED 100,112; 2019 AED 100,000; 2020 AED 100,000; 2021 AED 92,400; 2022 AED 92,400; 2023 AED 105,000; 2024 AED 115,000; 2025 AED 115,000Renewal, July 2019: AED 100,000 a yearRenewal, July 2021: AED 100,000 a yearRenewal, July 2022: AED 100,000 a yearNew contract, May 2023: AED 85,000 a yearNew contract, August 2024: AED 192,000 a year

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

1-beds in Meera Tower, and where 903 sits

All 57 1-beds →

903 last sold in April 2023 at AED 2,070 per sqft, in line with what one-beds in Meera Tower were fetching at the time (AED 2,099). 903's AED 192,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Jul 20251,760,000
17 Dec 20241,870,488
12 Jun 20241,655,607
17 Jul 20232,000,000
0 1-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 9th floor

All 160 units in Meera Tower
Value
9022-bedAED 2.94M · Mar 2023
9042-bedAED 3.08M · Feb 2023
9051-bedAED 1.81M · Dec 2022
9061-bedAED 2.17M · Mar 2023
9071-bedAED 2M · Mar 2023
9081-bedAED 1.78M · Jan 2023
9092-bedAED 2.66M · Feb 2023
1–7 of 8

903, Meera Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 18 April 2023 for AED 1,778,477, or AED 2,070 per sqft.
  • Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2023 and recovered to AED 192,000 by August 2024.
  • At AED 192,000 a year the gross yield on the 2023 price is 10.8%, before a service charge of about AED 16,300 a year (AED 18.99 per sqft).

Source: Dubai Land Department. Updated 11 August 2024.

Questions about 903, Meera Tower

What did unit 903 last sell for?

AED 1,778,477 on 18 April 2023, sold by the developer: AED 2,070 per sqft for 859 sqft. It is the only registered sale of the unit.

What is the rent for unit 903?

AED 192,000 a year on the contract signed on 11 August 2024. The previous contract, from May 2023, was AED 85,000; the unit has been rented since July 2019.

How big is unit 903?

859 sqft (79.8 sqm): a one-bedroom apartment on the 9th floor of a 44-storey tower completed in 2022.

What is unit 903 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 903, Meera Tower

Starts from the last sale price (AED 1.78M, 18 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,778,477
Deposit, UAE resident (20%)
AED 355,695
Deposit, non-resident (40%)
AED 711,391
Monthly over 25 years at 3.7%
AED 7,276

Plus AED 79,706 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →