Overview

Property Description

A luxury residential skyscraper in the Al Habtoor City complex, Meera Tower was built in 2019 by the reputable developer Al Habtoor Group in collaboration with WS Atkins & Partners architects. Aside from skyscrapers, the complex also features three five-star hotels owned by 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 gives it a distinctive look. A variety of ready and tenanted 1-bedroom lofts, 1-bedroom apartments, and 5-7 bedroom penthouses are available to buyers of real estate. Each property is available for purchase, ranging in size from 858 square feet to 19,543 square feet. In addition to loft units, all properties at this development come with a balcony overlooking the Dubai Canal, while penthouse owners can also take advantage of an office, a media room, a pool area and terrace, a jacuzzi, a private gym, as well as saunas and steam rooms.. Furthermore, penthouse occupants will enjoy private entertainment on the upper levels - a pre-function room and an open-plan sky lounge of 6,286 square feet. In Meera Tower, a 1-bedroom apartment starts at AED 1.76M (USD 476K), while a 5-bedroom penthouse starts at AED 37.8M (USD 10.2M). Meera Tower charges a service fee of AED 15 (USD 4.08) per square foot for residences *Prices are valid for 2022 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. Because of this, Meera Tower's land and property value will continue to increase. There is already an excellent infrastructure in the surrounding area, which helps attract tourists and develop commercial activities. The ROI in Meera Tower has reached 5.2%, according to Property Finder, as of Q3 2022. Meanwhile, the rental cost is set at a minimum of AED 85K (USD 23K) per year. When one invests in a completed property worth at least AED 750K (USD 205K), they become eligible for a three-year investor visa that can be renewed multiple times. Alternatively, you can purchase real estate for a minimum of AED 2M (USD 545K) and obtain a 10-year Golden Visa residency that allows you to live, work, and study in the UAE without the need for local sponsorship.. Furthermore, Golden Visa holders are now granted an Esaad card, which offers discounts and offers across more than 7,000 brands across 92 countries, including the UAE. Al Habtoor Group offers a lucrative 3-year post-handover payment plan for 2-4 bedroom apartments in Meera Tower. For more information, please consult our real estate agents.

Location