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1-bed · 332 sqftMerano Tower, Business Bay · 25th floor · completed 2020

2516, Merano Tower

Sold prices and rental history: sold twice, last in January 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2516 · DLD and Ejari recordsUpdated 2 February 2025
Last soldAED 500K17 January 2023
Current rentAED 75K /yr2 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2516, Merano Tower

What is 2516 worth today?

Last sold for AED 500,000 in 2023

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2 Feb 2025RentedNew contract
AED 75,000/yr12 months · AED 112 per sqft
17 Jan 2023SoldReady
AED 500,000AED 1,505 per sqft
14 Nov 2022RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
4 Aug 2022Sold by developerReady
AED 1,146,000AED 1,725 per sqft

Source: Dubai Land Department. Updated 2 February 2025.

Key facts

Type
1-bed apartment
Size
332 sqft
Floor
25th of 29
Parking
B2-074
Developer
DAMAC
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 500K · January 2023
Building
Merano Tower

About 2516, Merano Tower

2516 is a one-bedroom apartment of 332 sqft on the 25th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 17 January 2023 for AED 500,000, or AED 1,505 per sqft, 4% above the AED 1,453 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 2 February 2025, is AED 75,000 a year: a gross yield of 15.0% on the 2023 price, before the service charge of about AED 6,300 a year.

Sales and rents for 2516 over time

Sales
Unit 2516, each saleTypical one-bed in Merano Tower
500K1M2016201920222025Typical 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 2022: AED 1,146,000 (AED 1,725 per sqft)Sold, January 2023: AED 500,000 (AED 1,505 per sqft)

2516 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2516, 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, November 2022: AED 70,000 a yearNew contract, February 2025: AED 75,000 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 2516 sits

All 383 1-beds →

2516 last sold in January 2023 at AED 1,505 per sqft, 4% above what one-beds in Merano Tower were fetching at the time (AED 1,453). 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. 2516's AED 75,000 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

2516, Merano Tower in numbers

  • Sold twice: first on 4 August 2022 for AED 1,146,000, last on 17 January 2023 for AED 500,000 (AED 1,505 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, from AED 70,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 15.0%, before a service charge of about AED 6,300 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 2 February 2025.

Questions about 2516, Merano Tower

What did unit 2516 last sell for?

AED 500,000 on 17 January 2023: AED 1,505 per sqft for 332 sqft. The unit has 2 registered sales; the first was AED 1,146,000 in August 2022.

What is the rent for unit 2516?

AED 75,000 a year on the contract signed on 2 February 2025. The previous contract, from November 2022, was AED 70,000.

How big is unit 2516?

332 sqft (30.8 sqm): a one-bedroom apartment on the 25th floor of a 29-storey tower completed in 2020.

What is unit 2516 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 2516, Merano Tower

Starts from the last sale price (AED 500K, 17 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →