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2-bed · 956 sqftMerano Tower, Business Bay · 21st floor · completed 2020

2114, Merano Tower

Sold prices and rental history: sold once, by the developer in June 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2114 · DLD and Ejari recordsUpdated 31 July 2023
Last soldAED 1.52M22 June 2016
Current rentAED 95K /yr31 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2114, Merano Tower

What is 2114 worth today?

Last sold for AED 1,521,216 in 2016

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31 Jul 2023RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
15 Jul 2022RentedRenewal
AED 78,200/yr12 months · AED 82 per sqft
15 Jun 2021RentedNew contract
AED 62,769/yr13 months · AED 66 per sqft
22 Jun 2016Sold by developerOff-plan
AED 1,521,216AED 1,591 per sqft

Source: Dubai Land Department. Updated 31 July 2023.

Key facts

Type
2-bed apartment
Size
956 sqft
Floor
21st of 29
Parking
B3-114, B3-115
Developer
DAMAC
Completed
2020
Service charge
AED 18,200 /yr
Last sold
AED 1.52M · June 2016
Building
Merano Tower

About 2114, Merano Tower

2114 is a two-bedroom apartment of 956 sqft on the 21st floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 22 June 2016 for AED 1,521,216, or AED 1,591 per sqft, in line with the AED 1,586 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 31 July 2023, is AED 95,000 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 18,200 a year.

Sales and rents for 2114 over time

Sales
Unit 2114, each saleTypical two-bed in Merano Tower
1.2M1.4M1.6M2016201920222025Typical sale price by year: 2016 AED 1,508,800; 2017 AED 1,509,000; 2018 AED 1,416,000; 2019 AED 1,525,000; 2020 AED 1,169,783; 2021 AED 1,194,550; 2022 AED 1,292,540; 2023 AED 1,550,000; 2024 AED 1,477,500; 2025 AED 1,450,000Sold by developer, June 2016: AED 1,521,216 (AED 1,591 per sqft)

2114 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2114, each contractTypical two-bed in Merano Tower
75K100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 97,000; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 110,000New contract, June 2021: AED 62,769 a yearRenewal, July 2022: AED 78,200 a yearNew contract, July 2023: AED 95,000 a year

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

2-beds in Merano Tower, and where 2114 sits

All 79 2-beds →

2114 last sold in June 2016 at AED 1,591 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,586). Over the last 12 months two-beds sold for AED 1,200,000 to 1,500,000, around AED 1,559 per sqft, and rent for AED 99,225 to 135,000 a year. 2114's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Feb 20261,400,000
6 Jan 20261,200,000
29 Dec 20251,400,000
17 Dec 20251,500,000
6 2-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 21st floor

All 574 units in Merano Tower
Value
21011-bedAED 1.09M · Nov 2022
21021-bedAED 700K · Oct 2020
21031-bedAED 908K · Jun 2020
2104StudioAED 567K · Dec 2021
21051-bedAED 1.06M · Aug 2016
2106StudioAED 670K · Jul 2023
21071-bedAED 1.09M · May 2016
1–7 of 20

2114, Merano Tower in numbers

  • Sold once: by DAMAC on 22 June 2016 for AED 1,521,216, or AED 1,591 per sqft.
  • Rented since June 2021 on 3 Ejari contracts, from AED 62,769 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 18,200 a year (AED 19.02 per sqft).
  • Two-beds in Merano Tower sold for AED 1,200,000–1,500,000 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 31 July 2023.

Questions about 2114, Merano Tower

What did unit 2114 last sell for?

AED 1,521,216 on 22 June 2016, sold by the developer: AED 1,591 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 2114?

AED 95,000 a year on the contract signed on 31 July 2023. The previous contract, from July 2022, was AED 78,200; the unit has been rented since June 2021.

How big is unit 2114?

956 sqft (88.8 sqm): a two-bedroom apartment on the 21st floor of a 29-storey tower completed in 2020.

What is unit 2114 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Merano Tower sold for AED 1,200,000 to 1,500,000 in the last 12 months, around AED 1,559 per sqft.

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Mortgage on 2114, Merano Tower

Starts from the last sale price (AED 1.52M, 22 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,521,216
Deposit, UAE resident (20%)
AED 304,243
Deposit, non-resident (40%)
AED 608,486
Monthly over 25 years at 3.7%
AED 6,224

Plus AED 68,901 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →