1-bed · 635 sqftMerano Tower, Business Bay · 25th floor · completed 2020

2509, Merano Tower

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2509 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 1.02M19 July 2017
Current rentAED 74K /yr10 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2509, Merano Tower

What is 2509 worth today?

Last sold for AED 1,018,000 in 2017

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10 Jul 2024RentedNew contract
AED 74,000/yr12 months · AED 115 per sqft
1 Jul 2023RentedRenewal
AED 60,000/yr12 months · AED 93 per sqft
1 Jul 2022RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft
1 Jul 2021RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
1 Jul 2020RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
19 Jul 2017Sold by developerOff-plan
AED 1,018,000AED 1,602 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 July 2024.

Key facts

Type
1-bed apartment
Size
635 sqft
Floor
25th of 29
Parking
B2-070
Developer
DAMAC
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.02M · July 2017
Building
Merano Tower

About 2509, Merano Tower

2509 is a one-bedroom apartment of 635 sqft on the 25th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 19 July 2017 for AED 1,018,000, or AED 1,602 per sqft, in line with the AED 1,598 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 10 July 2024, is AED 74,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 12,100 a year.

Sales and rents for 2509 over time

Sales
Unit 2509, 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, July 2017: AED 1,018,000 (AED 1,602 per sqft)

2509 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2509, 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 80,000New contract, July 2020: AED 50,000 a yearNew contract, July 2021: AED 50,000 a yearNew contract, July 2022: AED 55,000 a yearRenewal, July 2023: AED 60,000 a yearNew contract, July 2024: AED 74,000 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 2509 sits

All 383 1-beds →

2509 last sold in July 2017 at AED 1,602 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,598). 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. 2509's AED 74,000 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 25th floor

All 574 units in Merano Tower
Value
25011-bedAED 981K · Nov 2017
25021-bedAED 1.1M · Oct 2019
25031-bedAED 900K · Apr 2023
2504StudioAED 716K · Jul 2017
25051-bedAED 1.06M · May 2017
2506StudioAED 617K · Dec 2020
25071-bedAED 1.06M · Jul 2017
1–7 of 19

2509, Merano Tower in numbers

  • Sold once: by DAMAC on 19 July 2017 for AED 1,018,000, or AED 1,602 per sqft.
  • Rented since July 2020 on 5 Ejari contracts, from AED 50,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2017 price is 7.3%, 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: YallaValue analysis of Dubai Land Department records. Updated 10 July 2024.

Questions about 2509, Merano Tower

What did unit 2509 last sell for?

AED 1,018,000 on 19 July 2017, sold by the developer: AED 1,602 per sqft for 635 sqft. It is the only registered sale of the unit.

What is the rent for unit 2509?

AED 74,000 a year on the contract signed on 10 July 2024. The previous contract, from July 2023, was AED 60,000; the unit has been rented since July 2020.

How big is unit 2509?

635 sqft (59.0 sqm): a one-bedroom apartment on the 25th floor of a 29-storey tower completed in 2020.

What is unit 2509 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 2509, Merano Tower

Starts from the last sale price (AED 1.02M, 19 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,000
Deposit, UAE resident (20%)
AED 203,600
Deposit, non-resident (40%)
AED 407,200
Monthly over 25 years at 3.7%
AED 4,165

Plus AED 47,766 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →