1-bed · 635 sqftMerano Tower, Business Bay · 24th floor · completed 2020

2410, Merano Tower

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

Unit 2410 · DLD and Ejari recordsUpdated 10 September 2024
Last soldAED 1.02M2 August 2016
Current rentAED 64K /yr10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2410, Merano Tower

What is 2410 worth today?

Last sold for AED 1,016,000 in 2016

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10 Sep 2024RentedRenewal
AED 64,009/yr12 months · AED 99 per sqft
10 Sep 2023RentedRenewal
AED 55,660/yr12 months · AED 86 per sqft
10 Sep 2022RentedRenewal
AED 48,400/yr12 months · AED 75 per sqft
10 Sep 2021RentedRenewal
AED 44,000/yr12 months · AED 68 per sqft
2 Aug 2016Sold by developerOff-plan
AED 1,016,000AED 1,599 per sqft

Source: Dubai Land Department. Updated 10 September 2024.

Key facts

Type
1-bed apartment
Size
635 sqft
Floor
24th of 29
Parking
B2-058
Developer
DAMAC
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.02M · August 2016
Building
Merano Tower

About 2410, Merano Tower

2410 is a one-bedroom apartment of 635 sqft on the 24th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 August 2016 for AED 1,016,000, or AED 1,599 per sqft, in line with the AED 1,607 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 10 September 2024, is AED 64,009 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 12,100 a year.

Sales and rents for 2410 over time

Sales
Unit 2410, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical 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, August 2016: AED 1,016,000 (AED 1,599 per sqft)

2410 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2410, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical 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 80,000Renewal, September 2021: AED 44,000 a yearRenewal, September 2022: AED 48,400 a yearRenewal, September 2023: AED 55,660 a yearRenewal, September 2024: AED 64,009 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 2410 sits

All 383 1-beds →

2410 last sold in August 2016 at AED 1,599 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,607). 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. 2410's AED 64,009 is at the bottom 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 24th floor

All 574 units in Merano Tower
Value
24011-bedAED 600K · Dec 2019
24021-bedAED 980K · Aug 2024
24031-bedAED 1.07M · Jan 2017
24051-bedAED 1.1M · Dec 2024
2406StudioAED 581K · May 2016
24071-bedAED 730K · Jul 2022
24081-bedAED 915K · Sep 2022
1–7 of 18

2410, Merano Tower in numbers

  • Sold once: by DAMAC on 2 August 2016 for AED 1,016,000, or AED 1,599 per sqft.
  • Rented since September 2021 on 4 Ejari contracts, from AED 44,000 to AED 64,009 a year.
  • At AED 64,009 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 12,100 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 10 September 2024.

Questions about 2410, Merano Tower

What did unit 2410 last sell for?

AED 1,016,000 on 2 August 2016, sold by the developer: AED 1,599 per sqft for 635 sqft. It is the only registered sale of the unit.

What is the rent for unit 2410?

AED 64,009 a year on the contract renewed on 10 September 2024. The previous contract, from September 2023, was AED 55,660; the unit has been rented since September 2021.

How big is unit 2410?

635 sqft (59.0 sqm): a one-bedroom apartment on the 24th floor of a 29-storey tower completed in 2020.

What is unit 2410 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 2410, Merano Tower

Starts from the last sale price (AED 1.02M, 2 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,016,000
Deposit, UAE resident (20%)
AED 203,200
Deposit, non-resident (40%)
AED 406,400
Monthly over 25 years at 3.7%
AED 4,157

Plus AED 47,682 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →