1-bed · 669 sqftMerano Tower, Business Bay · 20th floor · completed 2020

2005, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in September 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 2005 · DLD and Ejari recordsUpdated 28 September 2023

Last soldAED 950K28 September 2023

Current rentAED 68K /yr15 July 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 2005, Merano Tower

Today

What is 2005 worth today?

Last sold for AED 950,000 in 2023

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28 Sep 2023

28 Sep 2023SoldReady

AED 950,000AED 1,420 per sqft

15 Jul 2023

15 Jul 2023RentedRenewal

AED 68,250/yr12 months · AED 102 per sqft

1 Sep 2021

1 Sep 2021RentedRenewal

AED 54,000/yr10 months · AED 81 per sqft

1 Sep 2020

1 Sep 2020RentedNew contract

AED 50,000/yr12 months · AED 75 per sqft

3 Aug 2016

3 Aug 2016Sold by developerOff-plan

AED 1,059,200AED 1,583 per sqft

Source: Dubai Land Department. Updated 28 September 2023.

Key facts

Type: 1-bed apartment
Size: 669 sqft
Floor: 20th of 29
Parking: B1-164
Developer: DAMAC
Completed: 2020
Service charge: AED 12,700 /yr
Last sold: AED 950K · September 2023
Building: Merano Tower

About 2005, Merano Tower

2005 is a one-bedroom apartment of 669 sqft on the 20th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 28 September 2023 for AED 950,000, or AED 1,420 per sqft, 10% below the AED 1,571 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 15 July 2023, is AED 68,250 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2005 over time

Sales

Unit 2005, each saleTypical one-bed in Merano Tower

2005 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2005, each contractTypical one-bed in Merano Tower

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

1-beds in Merano Tower, and where 2005 sits

All 383 1-beds →

1-beds in Merano Tower · last 12 months1,597 /sqft Merano Tower · all types1,571 /sqft

2005 last sold in September 2023 at AED 1,420 per sqft, 10% below what one-beds in Merano Tower were fetching at the time (AED 1,571). Over the last 12 months one-beds sold for AED 980,000 to 1,200,000, around AED 1,597 per sqft, and rent for AED 66,000 to 126,000 a year. 2005's AED 68,250 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
13 Feb 202613 February 2026	668 sqft	1,100,000	1,645
4 Feb 20264 February 2026	664 sqft	1,170,000	1,762
22 Jan 202622 January 2026	644 sqft	1,200,000	1,863
15 Jan 202615 January 2026	668 sqft	1,100,000	1,646

10 1-bed sales in the last 12 months

Merano Tower

Building

574 apartments, studios to 3-bed over 29 floors in Business Bay, completed in 2020 by DAMAC. 16 sold in the last 12 months.

Typical price per sqft: AED 1,571 Down 2.3%
Typical sale: AED 1.19M
Typical rent: AED 80K /yr
Typical yield: 7.9%

Merano Tower, Business Bay: prices, sales and rents →

Other units on the 20th floor

All 574 units in Merano Tower


2001	1-bed	616 sqft	AED 965KAED 965,000 · Jan 2017January 2017	65,464 /yr
2002	1-bed	670 sqft	AED 1.03MAED 1,030,000 · Aug 2023August 2023	65,000 /yr
2003	1-bed	670 sqft	AED 737KAED 737,000 · Jun 2020June 2020	78,000 /yr
2004	Studio	398 sqft	AED 875KAED 875,000 · Aug 2016August 2016	60,000 /yr
2006	Studio	327 sqft	AED 300KAED 300,000 · Sep 2019September 2019	55,000 /yr
2007	1-bed	668 sqft	AED 1.04MAED 1,041,869 · Jun 2016June 2016	80,000 /yr
2008	1-bed	771 sqft	AED 1.21MAED 1,210,000 · Jun 2025June 2025	55,000 /yr
2009	1-bed	644 sqft	AED 952KAED 952,000 · May 2021May 2021	75,000 /yr
2010	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Jan 2017January 2017	74,000 /yr
2011	1-bed	644 sqft	AED 1.12MAED 1,120,000 · Sep 2024September 2024	70,000 /yr
2012	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Jan 2017January 2017	60,000 /yr
2013	2-bed	891 sqft	AED 1.42MAED 1,419,200 · Oct 2016October 2016	110,000 /yr
2014	2-bed	956 sqft	AED 1.51MAED 1,509,000 · Jan 2017January 2017	105,000 /yr
2015	2-bed	993 sqft	AED 1.45MAED 1,450,000 · Jan 2024January 2024	135,000 /yr
2016	1-bed	664 sqft	AED 1MAED 1,000,000 · Jan 2025January 2025	75,000 /yr
2017	3-bed	1,455 sqft	AED 2.32MAED 2,322,000 · Nov 2016November 2016	140,000 /yr
2018	1-bed	668 sqft	AED 980KAED 980,000 · Oct 2022October 2022	50,000 /yr
2019	1-bed	668 sqft	AED 1.07MAED 1,065,600 · Dec 2016December 2016	80,000 /yr
2020	Studio	334 sqft	AED 700KAED 700,000 · Feb 2025February 2025	63,000 /yr

1–7 of 19

2005, Merano Tower in numbers

Sold twice: first on 3 August 2016 for AED 1,059,200, last on 28 September 2023 for AED 950,000 (AED 1,420 per sqft).
Rented since September 2020 on 3 Ejari contracts, from AED 50,000 to AED 68,250 a year.
At AED 68,250 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 12,700 a year (AED 19.02 per sqft).
One-beds in Merano Tower sold for AED 980,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,571 per sqft.

Source: Dubai Land Department. Updated 28 September 2023.

Questions about 2005, Merano Tower

What did unit 2005 last sell for?

AED 950,000 on 28 September 2023: AED 1,420 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 1,059,200 in August 2016.

What is the rent for unit 2005?

AED 68,250 a year on the contract renewed on 15 July 2023. The previous contract, from September 2021, was AED 54,000; the unit has been rented since September 2020.

How big is unit 2005?

669 sqft (62.2 sqm): a one-bedroom apartment on the 20th floor of a 29-storey tower completed in 2020.

What is unit 2005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Merano Tower sold for AED 980,000 to 1,200,000 in the last 12 months, around AED 1,597 per sqft.

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Mortgage on 2005, Merano Tower

Starts from the last sale price (AED 950K, 28 September 2023). Switch to today's estimate once you have unlocked it.

Price: AED 950,000
Deposit, UAE resident (20%): AED 190,000
Deposit, non-resident (40%): AED 380,000
Monthly over 25 years at 3.7%: AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →