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1-bed · 670 sqftMerano Tower, Business Bay · 27th floor · completed 2020

2703, Merano Tower

Sold prices and rental history: sold 4 times, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2703 · DLD and Ejari recordsUpdated 20 October 2024
Last soldAED 1.02M5 September 2023
Current rentAED 80K /yr20 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2703, Merano Tower

What is 2703 worth today?

Last sold for AED 1,015,694 in 2023

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20 Oct 2024RentedRenewal
AED 80,000/yr12 months · AED 120 per sqft
20 Oct 2023RentedNew contract
AED 80,000/yr12 months · AED 120 per sqft
5 Sep 2023SoldReady
AED 1,015,694AED 1,516 per sqft
31 May 2022SoldReady
AED 775,000AED 1,156 per sqft
29 Apr 2022SoldReady
AED 765,010AED 1,142 per sqft
2 Sep 2021RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
24 Jun 2020Sold by developerReady
AED 1,041,000AED 1,554 per sqft

Source: Dubai Land Department. Updated 20 October 2024.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
27th of 29
Parking
B2-094
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.02M · September 2023
Building
Merano Tower

About 2703, Merano Tower

2703 is a one-bedroom apartment of 670 sqft on the 27th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 5 September 2023 for AED 1,015,694, or AED 1,516 per sqft, in line with the AED 1,527 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 20 October 2024, is AED 80,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2703 over time

Sales
Unit 2703, 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, June 2020: AED 1,041,000 (AED 1,554 per sqft)Sold, April 2022: AED 765,010 (AED 1,142 per sqft)Sold, May 2022: AED 775,000 (AED 1,156 per sqft)Sold, September 2023: AED 1,015,694 (AED 1,516 per sqft)

2703 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2703, 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, September 2021: AED 55,000 a yearNew contract, October 2023: AED 80,000 a yearRenewal, October 2024: AED 80,000 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 2703 sits

All 383 1-beds →

2703 last sold in September 2023 at AED 1,516 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,527). 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. 2703's AED 80,000 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 27th floor

All 574 units in Merano Tower
Value
27011-bedAED 836K · Nov 2020
27021-bedAED 840K · Sep 2022
2704StudioAED 755K · Jul 2020
27051-bedAED 769K · Jun 2020
2706AED 584K · Sep 2025
27071-bedAED 812K · Jun 2020
27081-bedAED 1.2M · Oct 2023
1–7 of 19

2703, Merano Tower in numbers

  • Sold 4 times: first on 24 June 2020 for AED 1,041,000, last on 5 September 2023 for AED 1,015,694 (AED 1,516 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 55,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 7.9%, 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 20 October 2024.

Questions about 2703, Merano Tower

What did unit 2703 last sell for?

AED 1,015,694 on 5 September 2023: AED 1,516 per sqft for 670 sqft. The unit has 4 registered sales; the first was AED 1,041,000 in June 2020.

What is the rent for unit 2703?

AED 80,000 a year on the contract renewed on 20 October 2024. The previous contract, from October 2023, was AED 80,000; the unit has been rented since September 2021.

How big is unit 2703?

670 sqft (62.2 sqm): a one-bedroom apartment on the 27th floor of a 29-storey tower completed in 2020.

What is unit 2703 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 2703, Merano Tower

Starts from the last sale price (AED 1.02M, 5 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,694
Deposit, UAE resident (20%)
AED 203,139
Deposit, non-resident (40%)
AED 406,278
Monthly over 25 years at 3.7%
AED 4,156

Plus AED 47,669 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →