Meera Tower

Meera Tower is one of three luxury residential skyscrapers in the Al Habtoor City complex. The building was erected in 2019 by the renowned developer Al Habtoor Group in collaboration with the WS Atkins & Partners architectural agency. In addition to skyscrapers, the complex also includes three five-star hotels of the international chain; Starwood Hotels & Resorts Worldwide.

The 52-storey Meera Tower is located in the thriving district of Business Bay. The tower is designed in a striking art deco style, which adds to its distinctive look. Prospective real estate buyers have the opportunity to choose their dream home from a range of ready and tenanted 1-bedroom lofts, 1-4 bedroom apartments and 5-7 bedroom penthouses.

The area of properties available for purchase ranges from a generous 858 sq. ft to a colossal 19,543 sq. ft. Apart from loft units, all properties here come with a balcony, overlooking the Dubai Canal, while penthouse owners will also appreciate an office, a media room, a pool area and terraces, a jacuzzi, a private gym, as well as a sauna and a steam room, among other key features in each residence. Not forgetting that penthouse occupants will be able to enjoy private entertainment on the upper levels – a pre-function room and an open-plan sky lounge of 6,286 sq. ft.

The starting price for a 1-bedroom apartment in Meera Tower is AED 1.76M (USD 476K), while an ultra-refined 5-bedroom penthouse is priced at a minimum of AED 37.8M (USD 10.2M).

The service charge for residences in Meera Tower amounts to AED 15 (USD 4.08) per sq.ft

According to the Dubai Urban Vision 2040 Master Plan, published in March 2021, the plan is to turn the Business Bay area into a counterpart of Downtown Dubai. This means that land and property value of Meera Tower will continue increasing. The surrounding area already has excellent infrastructure, which helps to attract tourists and develop commercial activities.

If you are considering acquiring a property for a subsequent lease, you will be keen to learn that ROI in Meera Tower has reached 5.2%, as of Q3 2022, according to Property Finder. At the same time the rental cost is set at a minimum of AED 85K (USD 23K) per annum.

In Dubai, when investing in a completed property worth at least AED 750K (USD 205K), one becomes eligible for a 3-year investor visa, which can be renewed multiple times. Another option is to purchase real estate at a minimum of AED 2M (USD 545K) and enjoy a 10-year Golden Visa residency, which allows you to live, work and study in the UAE without the need for a local sponsorship. Not forgetting that Golden Visa holders are now granted an Esaad card, which provides attractive discounts and offers across more than7,000 brands in 92 countries, alongside the UAE.

Please note that 1-bedroom apartments in Meera Tower can be acquired using cash or mortgage payments only. Al Habtoor Group offers a lucrative 3-year post-handover payment plan for 2-4 bedroom units. For more information, please consult with our real estate agents.