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2-bed · 956 sqftMerano Tower, Business Bay · 22nd floor · completed 2020

2214, Merano Tower

Sold prices and rental history: sold twice, last in July 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2214 · DLD and Ejari recordsUpdated 22 October 2024
Last soldAED 1.65M11 July 2023
Current rentAED 132K /yr22 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2214, Merano Tower

What is 2214 worth today?

Last sold for AED 1,650,000 in 2023

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22 Oct 2024RentedRenewal
AED 132,368/yr12 months · AED 138 per sqft
22 Oct 2023RentedNew contract
AED 120,000/yr12 months · AED 125 per sqft
11 Jul 2023SoldReady
AED 1,650,000AED 1,726 per sqft
18 Dec 2021RentedRenewal
AED 75,000/yr12 months · AED 79 per sqft
5 Mar 2017Sold by developerOff-plan
AED 1,509,000AED 1,578 per sqft

Source: Dubai Land Department. Updated 22 October 2024.

Key facts

Type
2-bed apartment
Size
956 sqft
Floor
22nd of 29
Parking
P1-006
Developer
DAMAC
Completed
2020
Service charge
AED 18,200 /yr
Last sold
AED 1.65M · July 2023
Building
Merano Tower

About 2214, Merano Tower

2214 is a two-bedroom apartment of 956 sqft on the 22nd floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 11 July 2023 for AED 1,650,000, or AED 1,726 per sqft, 19% above the AED 1,449 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 22 October 2024, is AED 132,368 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 18,200 a year.

Sales and rents for 2214 over time

Sales
Unit 2214, each saleTypical two-bed in Merano Tower
1.25M1.5M2016201920222025Typical 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, March 2017: AED 1,509,000 (AED 1,578 per sqft)Sold, July 2023: AED 1,650,000 (AED 1,726 per sqft)

2214 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2214, each contractTypical two-bed in Merano Tower
100K2020202220242026Typical 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 110,000Renewal, December 2021: AED 75,000 a yearNew contract, October 2023: AED 120,000 a yearRenewal, October 2024: AED 132,368 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 2214 sits

All 79 2-beds →

2214 last sold in July 2023 at AED 1,726 per sqft, 19% above what two-beds in Merano Tower were fetching at the time (AED 1,449). 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. 2214's AED 132,368 is in the upper half 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 22nd floor

All 574 units in Merano Tower
Value
22011-bedAED 980K · Jul 2024
22021-bedAED 1.19M · Nov 2022
22031-bedAED 1.07M · Dec 2016
2204StudioAED 730K · Aug 2024
22051-bedAED 1.06M · Jan 2025
2206StudioAED 730K · Oct 2024
22071-bedAED 1.08M · Dec 2016
1–7 of 20

2214, Merano Tower in numbers

  • Sold twice: first on 5 March 2017 for AED 1,509,000, last on 11 July 2023 for AED 1,650,000 (AED 1,726 per sqft).
  • Rented since December 2021 on 3 Ejari contracts, from AED 75,000 to AED 132,368 a year.
  • At AED 132,368 a year the gross yield on the 2023 price is 8.0%, 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 22 October 2024.

Questions about 2214, Merano Tower

What did unit 2214 last sell for?

AED 1,650,000 on 11 July 2023: AED 1,726 per sqft for 956 sqft. The unit has 2 registered sales; the first was AED 1,509,000 in March 2017.

What is the rent for unit 2214?

AED 132,368 a year on the contract renewed on 22 October 2024. The previous contract, from October 2023, was AED 120,000; the unit has been rented since December 2021.

How big is unit 2214?

956 sqft (88.8 sqm): a two-bedroom apartment on the 22nd floor of a 29-storey tower completed in 2020.

What is unit 2214 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 2214, Merano Tower

Starts from the last sale price (AED 1.65M, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

Plus AED 74,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →