2604, Merano Tower
Sold prices and rental history: sold once, by the developer in August 2017, 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 2604, Merano Tower
What is 2604 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 November 2023.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 26th of 29
- Parking
- B4-011
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 716K · August 2017
- Building
- Merano Tower
About 2604, Merano Tower
2604 is a studio of 398 sqft on the 26th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 3 August 2017 for AED 716,000, or AED 1,799 per sqft, in line with the AED 1,777 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 13 November 2023, is AED 62,000 a year: a gross yield of 8.7% on the 2017 price, before the service charge of about AED 7,600 a year.
Sales and rents for 2604 over time
2604 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 2604 sits
All 79 studios →2604 last sold in August 2017 at AED 1,799 per sqft, in line with what studios in Merano Tower were fetching at the time (AED 1,777). 2604's AED 62,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,385 | ||
| 19 May 202519 May 2025 | 334 sqft | 750,000 | 2,244 | ||
| 13 May 202513 May 2025 | 398 sqft | 750,000 | 1,884 | ||
| 25 Feb 202525 February 2025 | 334 sqft | 700,000 | 2,094 |
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 26th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2601 | 1-bed | 616 sqft | AED 1MAED 1,002,000 · Feb 2018February 2018 | ||
| 2602 | 1-bed | 670 sqft | AED 1.16MAED 1,160,000 · Apr 2024April 2024 | ||
| 2603 | 1-bed | 663 sqft | AED 1.08MAED 1,083,000 · Dec 2017December 2017 | 75,000 /yr | |
| 2605 | 1-bed | 669 sqft | AED 1.08MAED 1,083,000 · Nov 2017November 2017 | 77,000 /yr | |
| 2606 | Studio | 331 sqft | AED 760KAED 760,000 · Nov 2024November 2024 | 60,000 /yr | |
| 2607 | 1-bed | 668 sqft | AED 1.25MAED 1,250,000 · Mar 2025March 2025 | 85,000 /yr | |
| 2608 | 1-bed | 771 sqft | AED 1.28MAED 1,281,000 · Aug 2018August 2018 | 77,000 /yr | |
| 2609 | 1-bed | 644 sqft | AED 880KAED 880,000 · Jul 2025July 2025 | 85,000 /yr | |
| 2610 | 1-bed | 644 sqft | AED 1.04MAED 1,039,000 · May 2018May 2018 | 80,000 /yr | |
| 2611 | 1-bed | 644 sqft | AED 1.11MAED 1,109,360 · Nov 2022November 2022 | 83,000 /yr | |
| 2612 | 1-bed | 644 sqft | AED 930KAED 930,000 · Oct 2022October 2022 | 80,000 /yr | |
| 2613 | 2-bed | 891 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 115,000 /yr | |
| 2614 | 2-bed | 956 sqft | AED 1.54MAED 1,538,000 · Jan 2019January 2019 | 110,000 /yr | |
| 2615 | 2-bed | 993 sqft | AED 1.38MAED 1,375,000 · Oct 2022October 2022 | 105,000 /yr | |
| 2616 | 1-bed | 657 sqft | AED 1.07MAED 1,074,000 · Oct 2017October 2017 | 74,000 /yr | |
| 2617 | 1-bed | 668 sqft | AED 982KAED 982,000 · Feb 2022February 2022 | 85,000 /yr | |
| 2618 | 1-bed | 668 sqft | AED 1.1MAED 1,100,000 · Oct 2019October 2019 | 84,000 /yr | |
| 2619 | 1-bed | 668 sqft | AED 1.09MAED 1,085,000 · Nov 2017November 2017 | 75,000 /yr | |
| 2620 | Studio | 334 sqft | AED 700KAED 700,000 · May 2024May 2024 | 58,000 /yr | |
| 2617A | 1-bed | 753 sqft | AED 1.03MAED 1,025,080 · Dec 2021December 2021 | 85,000 /yr |
2604, Merano Tower in numbers
- Sold once: by DAMAC on 3 August 2017 for AED 716,000, or AED 1,799 per sqft.
- Rented since August 2020 on 4 Ejari contracts, from AED 35,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2017 price is 8.7%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 13 November 2023.
Questions about 2604, Merano Tower
What did unit 2604 last sell for?
AED 716,000 on 3 August 2017, sold by the developer: AED 1,799 per sqft for 398 sqft. It is the only registered sale of the unit.
What is the rent for unit 2604?
AED 62,000 a year on the contract signed on 13 November 2023. The previous contract, from November 2022, was AED 52,000; the unit has been rented since August 2020.
How big is unit 2604?
398 sqft (37.0 sqm): a studio on the 26th floor of a 29-storey tower completed in 2020.
What is unit 2604 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 2604, Merano Tower
Starts from the last sale price (AED 716K, 3 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 716,000
- Deposit, UAE resident (20%)
- AED 143,200
- Deposit, non-resident (40%)
- AED 286,400
- Monthly over 25 years at 3.7%
- AED 2,929
Plus AED 35,082 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →