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Meera Tower, Business Bay

Meera Tower, Business Bay

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Business Bay, Dubai

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Strengths

Central Location

Modern Amenities

Eco-Friendly Design

Weakens

High Rental Costs

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • Meera Tower stands prominently in the vibrant Business Bay area, known for its modern skyline.
  • The tower is strategically located near Dubai’s key business and financial hubs, offering easy access to major roads including Sheikh Zayed Road.
  • Nearby facilities include the iconic Burj Khalifa, Dubai Mall, and a variety of dining and entertainment options.
  • Public transportation options are convenient, with the Business Bay Metro Station just a short distance away.

Properties Overview

  • Meera Tower features a range of residential units from studios to spacious 3-bedroom apartments.
  • Popular unit choices include 1-bedroom apartments, ideal for professionals and young families.
  • Rental prices for units typically range from AED 60,000 to AED 120,000 per year, while sales prices can vary from AED 900,000 to AED 2 million depending on the unit size.

Market Trends

  • The current rental and sales market has shown a steady demand, with a year-on-year increase in rental prices by approximately 8%.
  • Investors can expect a return on investment (ROI) of around 6-8%, which remains attractive in the Business Bay area.
  • Future expectations indicate a continued demand for residential units as the area develops further.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to essential services including supermarkets, world-class schools, and healthcare facilities.
  • Nearby educational institutions include Dubai International Academy and Villa World Academy.
  • Healthcare services are readily available with clinics and hospitals such as Mediclinic and Emirates Hospital in proximity.

Transportation and Accessibility

  • The building is well-connected via public transport, with bus stops and the metro station nearby.
  • Parking facilities within the building cater to residents and visitors, enhancing convenience.
  • Accessibility to key areas such as Downtown Dubai and Sheikh Zayed Road facilitates easy commuting.

Lifestyle Amenities

  • Meera Tower boasts fitness amenities including a gym, swimming pool, and wellness center.
  • A variety of restaurants, cafes, and leisure options are located in the vicinity, providing ample entertainment.
  • Outdoor activities are supported by nearby parks and Dubai Canal, perfect for relaxation and leisure.

Builing Facilities

  • Standard amenities include high-speed elevators, round-the-clock security, and centralized air conditioning.
  • Maintenance services ensure that residents enjoy a hassle-free living experience.

Special Services

  • The building offers concierge services for residents, adding an element of luxury to daily living.
  • Business centers provide essential facilities for corporate needs and networking opportunities.

Planning Your Move or Investment

Floor Plans and Property Types

  • Meera Tower offers diverse floor plans tailored to the needs of various residents, including open layouts and cozy designs.
  • Buyers can choose from several configurations, ranging from studios to multi-bedroom apartments that provide great living spaces.

Things to Consider

  • Before moving in, potential tenants and buyers should assess proximity to workplace and amenities.
  • Consider the overall lifestyle offered by the Business Bay area, including entertainment and leisure options.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular social gatherings and community events foster a sense of belonging among residents.
  • Activities are often organized to bring residents together, enhancing community life within the tower.

Community Identity

  • Meera Tower is distinguished by its modern architectural design and stunning views of the Dubai skyline.
  • The building’s identity is further enhanced by its commitment to luxury and convenience, creating a desirable living environment.

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Detailed Buiding Insights

1. Family Friendliness

Meera Tower offers a family-friendly atmosphere with parks and recreational areas nearby, but some amenities for younger children might be limited.

Moderately Welcoming

2. Living Options

The tower provides various living options, from studios to multi-bedroom apartments, appealing to both singles and families.

Diverse Range

3. Safety And Security

The building has robust security measures, including 24/7 surveillance and on-site security personnel.

Highly Secure

4. Transportation

Meera Tower is situated near major roadways and public transport options, making commutes to other parts of Dubai straightforward.

Conveniently Accessible

5. Amenities And Facilities

The tower features a gym, swimming pool, and communal areas, providing residents with ample options for recreation and socialization.

Well-Equipped

6. Cost Of Living

While the cost of living is on the higher side compared to other areas, it is justified by the quality of life and amenities available.

Moderate to High

7. Things To Do

There is a range of activities in the vicinity, from dining and shopping to cultural events, catering to diverse interests.

Vibrantly Active

8. Noise Levels

Being in a busy business district, there can be occasional noise from traffic and construction, though newer windows help mitigate this.

Occasionally Noisy

9. Pet Friendliness

While pets are allowed, the facilities for pets are somewhat basic, and not all residents may feel comfortable with pets in shared spaces.

Limited Accommodating

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Key Information

Developer: Al Habtoor Group

Building Type: Residential

Building Age: 5 years(completed in 2019)

Unit Types :  1 to 4-bedroom apartments and 5 to 7-bed penthouses

Floors: 52

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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