1-bed · 629 sqftMerano Tower, Business Bay · 2nd floor · completed 2020

211, Merano Tower

Sold prices and rental history: sold twice, last in June 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 211 · DLD and Ejari recordsUpdated 28 May 2024
Last soldAED 600K8 June 2021
Current rentAED 90K /yr28 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211, Merano Tower

What is 211 worth today?

Last sold for AED 600,000 in 2021

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28 May 2024RentedNew contract
AED 90,000/yr12 months · AED 144 per sqft
27 May 2024RentedRenewal
AED 80,000/yr12 months · AED 127 per sqft
27 May 2023RentedRenewal
AED 70,000/yr12 months · AED 111 per sqft
27 May 2022RentedNew contract
AED 70,000/yr12 months · AED 111 per sqft
8 Jun 2021SoldReady
AED 600,000AED 954 per sqft
2 Sep 2019Sold by developerOff-plan
AED 1,027,000AED 1,633 per sqft

Source: Dubai Land Department. Updated 28 May 2024.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
2nd of 29
Parking
B3-099
Developer
DAMAC
Completed
2020
Service charge
AED 12,000 /yr
Last sold
AED 600K · June 2021
Building
Merano Tower

About 211, Merano Tower

211 is a one-bedroom apartment of 629 sqft on the 2nd floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 8 June 2021 for AED 600,000, or AED 954 per sqft, 20% below the AED 1,200 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 28 May 2024, is AED 90,000 a year: a gross yield of 15.0% on the 2021 price, before the service charge of about AED 12,000 a year.

Sales and rents for 211 over time

Sales
Unit 211, each saleTypical one-bed in Merano Tower
750K1M2016201920222025Typical 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, September 2019: AED 1,027,000 (AED 1,633 per sqft)Sold, June 2021: AED 600,000 (AED 954 per sqft)

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

Rents
Unit 211, each contractTypical one-bed in Merano Tower
50K75K2020202220242026Typical 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, May 2022: AED 70,000 a yearRenewal, May 2023: AED 70,000 a yearNew contract, May 2024: AED 90,000 a yearRenewal, May 2024: AED 80,000 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 211 sits

All 383 1-beds →

211 last sold in June 2021 at AED 954 per sqft, 20% below what one-beds in Merano Tower were fetching at the time (AED 1,200). 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. 211's AED 90,000 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 2nd floor

All 574 units in Merano Tower
Value
2011-bedAED 1.14M · Oct 2019
2021-bedAED 997K · Oct 2021
2031-bedAED 1M · Sep 2024
2041-bedAED 1.17M · Mar 2020
205AED 532K · Oct 2025
2061-bedAED 1.18M · Nov 2019
2071-bedAED 1.28M · Aug 2024
1–7 of 18

211, Merano Tower in numbers

  • Sold twice: first on 2 September 2019 for AED 1,027,000, last on 8 June 2021 for AED 600,000 (AED 954 per sqft).
  • Rented since May 2022 on 4 Ejari contracts, from AED 70,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 15.0%, before a service charge of about AED 12,000 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 May 2024.

Questions about 211, Merano Tower

What did unit 211 last sell for?

AED 600,000 on 8 June 2021: AED 954 per sqft for 629 sqft. The unit has 2 registered sales; the first was AED 1,027,000 in September 2019.

What is the rent for unit 211?

AED 90,000 a year on the contract signed on 28 May 2024. The previous contract, from May 2024, was AED 80,000; the unit has been rented since May 2022.

How big is unit 211?

629 sqft (58.4 sqm): a one-bedroom apartment on the 2nd floor of a 29-storey tower completed in 2020.

What is unit 211 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 211, Merano Tower

Starts from the last sale price (AED 600K, 8 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

Plus AED 30,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →