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1-bed · 644 sqftMerano Tower, Business Bay · 20th floor · completed 2020

2009, Merano Tower

Sold prices and rental history: sold once, by the developer in May 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2009 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 952K30 May 2021
Current rentAED 75K /yr6 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2009, Merano Tower

What is 2009 worth today?

Last sold for AED 952,000 in 2021

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6 Feb 2023RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
1 Jan 2022RentedNew contract
AED 61,000/yr12 months · AED 95 per sqft
24 Nov 2021RentedNew contract
AED 81,000/yr12 months · AED 126 per sqft
30 May 2021Sold by developerReady
AED 952,000AED 1,478 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
20th of 29
Parking
B2-001
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 952K · May 2021
Building
Merano Tower

About 2009, Merano Tower

2009 is a one-bedroom apartment of 644 sqft on the 20th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 30 May 2021 for AED 952,000, or AED 1,478 per sqft, 23% above the AED 1,201 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 6 February 2023, is AED 75,000 a year: a gross yield of 7.9% on the 2021 price, before the service charge of about AED 12,200 a year.

Sales and rents for 2009 over time

Sales
Unit 2009, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,059,200; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,084,000; 2020 AED 995,000; 2021 AED 804,000; 2022 AED 997,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,130,000Sold by developer, May 2021: AED 952,000 (AED 1,478 per sqft)

2009 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2009, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 80,000New contract, November 2021: AED 81,000 a yearNew contract, January 2022: AED 61,000 a yearNew contract, February 2023: AED 75,000 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 Merano Tower, and where 2009 sits

All 383 1-beds →

2009 last sold in May 2021 at AED 1,478 per sqft, 23% above what one-beds in Merano Tower were fetching at the time (AED 1,201). 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. 2009's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20261,100,000
4 Feb 20261,170,000
22 Jan 20261,200,000
15 Jan 20261,100,000
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
Value
20011-bedAED 965K · Jan 2017
20021-bedAED 1.03M · Aug 2023
20031-bedAED 737K · Jun 2020
2004StudioAED 875K · Aug 2016
20051-bedAED 950K · Sep 2023
2006StudioAED 300K · Sep 2019
20071-bedAED 1.04M · Jun 2016
1–7 of 19

2009, Merano Tower in numbers

  • Sold once: by DAMAC on 30 May 2021 for AED 952,000, or AED 1,478 per sqft.
  • Rented since November 2021 on 3 Ejari contracts. The rent fell from AED 81,000 to AED 61,000 in 2022 and recovered to AED 75,000 by February 2023.
  • At AED 75,000 a year the gross yield on the 2021 price is 7.9%, before a service charge of about AED 12,200 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 6 February 2023.

Questions about 2009, Merano Tower

What did unit 2009 last sell for?

AED 952,000 on 30 May 2021, sold by the developer: AED 1,478 per sqft for 644 sqft. It is the only registered sale of the unit.

What is the rent for unit 2009?

AED 75,000 a year on the contract signed on 6 February 2023. The previous contract, from January 2022, was AED 61,000; the unit has been rented since November 2021.

How big is unit 2009?

644 sqft (59.8 sqm): a one-bedroom apartment on the 20th floor of a 29-storey tower completed in 2020.

What is unit 2009 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 2009, Merano Tower

Starts from the last sale price (AED 952K, 30 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 952,000
Deposit, UAE resident (20%)
AED 190,400
Deposit, non-resident (40%)
AED 380,800
Monthly over 25 years at 3.7%
AED 3,895

Plus AED 44,994 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →