2011, Merano Tower
Sold prices and rental history: sold twice, last in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2011, Merano Tower
What is 2011 worth today?
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Source: Dubai Land Department. Updated 2 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 20th of 29
- Parking
- B2-003
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.12M · September 2024
- Building
- Merano Tower
About 2011, Merano Tower
2011 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. It last sold on 2 September 2024 for AED 1,120,000, or AED 1,738 per sqft, 9% above the AED 1,588 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 29 May 2023, is AED 70,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 12,300 a year.
Sales and rents for 2011 over time
2011 has sold twice; the dashed line is the one-bed median of each year in the building.
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 2011 sits
All 383 1-beds →2011 last sold in September 2024 at AED 1,738 per sqft, 9% above what one-beds in Merano Tower were fetching at the time (AED 1,588). 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. 2011's AED 70,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
Merano Tower
Building574 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%
Other units on the 20th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 2005 | 1-bed | 669 sqft | AED 950KAED 950,000 · Sep 2023September 2023 | 68,250 /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 | |
| 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 |
2011, Merano Tower in numbers
- Sold twice: first on 22 June 2016 for AED 1,026,000, last on 2 September 2024 for AED 1,120,000 (AED 1,738 per sqft).
- Rented since December 2021 on 2 Ejari contracts, from AED 64,826 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 12,300 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 2 September 2024.
Questions about 2011, Merano Tower
What did unit 2011 last sell for?
AED 1,120,000 on 2 September 2024: AED 1,738 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 1,026,000 in June 2016.
What is the rent for unit 2011?
AED 70,000 a year on the contract signed on 29 May 2023. The previous contract, from December 2021, was AED 64,826.
How big is unit 2011?
644 sqft (59.8 sqm): a one-bedroom apartment on the 20th floor of a 29-storey tower completed in 2020.
What is unit 2011 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 2011, Merano Tower
Starts from the last sale price (AED 1.12M, 2 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,120,000
- Deposit, UAE resident (20%)
- AED 224,000
- Deposit, non-resident (40%)
- AED 448,000
- Monthly over 25 years at 3.7%
- AED 4,582
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →