2405, Merano Tower
Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2405, Merano Tower
What is 2405 worth today?
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Source: Dubai Land Department. Updated 24 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 669 sqft
- Floor
- 24th of 29
- Parking
- B2-054
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.1M · December 2024
- Building
- Merano Tower
About 2405, Merano Tower
2405 is a one-bedroom apartment of 669 sqft on the 24th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 24 December 2024 for AED 1,100,000, or AED 1,644 per sqft, in line with the AED 1,609 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 September 2023, is AED 63,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 12,700 a year.
Sales and rents for 2405 over time
2405 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 2405 sits
All 383 1-beds →2405 last sold in December 2024 at AED 1,644 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,609). 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. 2405's AED 63,000 is at the bottom 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 24th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 1-bed | 616 sqft | AED 600KAED 600,000 · Dec 2019December 2019 | 75,000 /yr | |
| 2402 | 1-bed | 670 sqft | AED 980KAED 980,000 · Aug 2024August 2024 | 80,000 /yr | |
| 2403 | 1-bed | 670 sqft | AED 1.07MAED 1,065,600 · Jan 2017January 2017 | 74,000 /yr | |
| 2406 | Studio | 331 sqft | AED 581KAED 581,187 · May 2016May 2016 | 55,000 /yr | |
| 2407 | 1-bed | 668 sqft | AED 730KAED 730,000 · Jul 2022July 2022 | ||
| 2408 | 1-bed | 771 sqft | AED 915KAED 915,000 · Sep 2022September 2022 | 78,000 /yr | |
| 2409 | 1-bed | 644 sqft | AED 1MAED 1,000,000 · Oct 2024October 2024 | 73,000 /yr | |
| 2410 | 1-bed | 635 sqft | AED 1.02MAED 1,016,000 · Aug 2016August 2016 | 64,009 /yr | |
| 2411 | 1-bed | 644 sqft | AED 930KAED 930,000 · Feb 2022February 2022 | 82,500 /yr | |
| 2412 | 1-bed | 644 sqft | AED 891KAED 891,000 · Oct 2021October 2021 | 80,000 /yr | |
| 2413 | 2-bed | 891 sqft | AED 1.35MAED 1,350,000 · May 2022May 2022 | 120,000 /yr | |
| 2414 | 2-bed | 956 sqft | AED 1.51MAED 1,509,000 · Apr 2017April 2017 | ||
| 2415 | 993 sqft | AED 1.6MAED 1,600,000 · Aug 2025August 2025 | |||
| 2416 | 1-bed | 664 sqft | AED 1.15MAED 1,145,000 · Dec 2022December 2022 | 85,000 /yr | |
| 2417 | 3-bed | 1,455 sqft | AED 2.31MAED 2,309,000 · Apr 2017April 2017 | ||
| 2418 | 668 sqft | AED 1.08MAED 1,078,400 · Aug 2016August 2016 | 82,000 /yr | ||
| 2419 | 1-bed | 668 sqft | AED 1.07MAED 1,065,600 · Nov 2017November 2017 | 75,000 /yr | |
| 2420 | Studio | 334 sqft | AED 700KAED 700,000 · May 2024May 2024 | 60,000 /yr |
2405, Merano Tower in numbers
- Sold twice: first on 1 August 2016 for AED 1,065,600, last on 24 December 2024 for AED 1,100,000 (AED 1,644 per sqft).
- Rented since September 2020 on 5 Ejari contracts, from AED 45,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 12,700 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 24 December 2024.
Questions about 2405, Merano Tower
What did unit 2405 last sell for?
AED 1,100,000 on 24 December 2024: AED 1,644 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 1,065,600 in August 2016.
What is the rent for unit 2405?
AED 63,000 a year on the contract renewed on 20 September 2023. The previous contract, from September 2022, was AED 60,000; the unit has been rented since September 2020.
How big is unit 2405?
669 sqft (62.2 sqm): a one-bedroom apartment on the 24th floor of a 29-storey tower completed in 2020.
What is unit 2405 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 2405, Merano Tower
Starts from the last sale price (AED 1.1M, 24 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →