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1-bed · 644 sqftMerano Tower, Business Bay · 27th floor · completed 2020

2709, Merano Tower

Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2709 · DLD and Ejari recordsUpdated 4 March 2025
Last soldAED 1.1M4 December 2024
Current rentAED 87K /yr4 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2709, Merano Tower

What is 2709 worth today?

Last sold for AED 1,100,000 in 2024

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4 Mar 2025RentedNew contract
AED 87,000/yr12 months · AED 135 per sqft
4 Dec 2024SoldReady
AED 1,100,000AED 1,708 per sqft
19 Jun 2023RentedNew contract
AED 70,000/yr12 months · AED 108 per sqft
30 Aug 2022SoldReady
AED 800,000AED 1,242 per sqft
24 Jun 2020Sold by developerReady
AED 1,004,000AED 1,559 per sqft

Source: Dubai Land Department. Updated 4 March 2025.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
27th of 29
Parking
B2-098
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 1.1M · December 2024
Building
Merano Tower

About 2709, Merano Tower

2709 is a one-bedroom apartment of 644 sqft on the 27th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 4 December 2024 for AED 1,100,000, or AED 1,708 per sqft, 6% above the AED 1,609 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 4 March 2025, is AED 87,000 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 12,200 a year.

Sales and rents for 2709 over time

Sales
Unit 2709, 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 1,004,000 (AED 1,559 per sqft)Sold, August 2022: AED 800,000 (AED 1,242 per sqft)Sold, December 2024: AED 1,100,000 (AED 1,708 per sqft)

2709 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2709, 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, June 2023: AED 70,000 a yearNew contract, March 2025: AED 87,000 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 2709 sits

All 383 1-beds →

2709 last sold in December 2024 at AED 1,708 per sqft, 6% above what one-beds in Merano Tower were fetching at the time (AED 1,609). 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. 2709's AED 87,000 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
27031-bedAED 1.02M · Sep 2023
2704StudioAED 755K · Jul 2020
27051-bedAED 769K · Jun 2020
2706AED 584K · Sep 2025
27071-bedAED 812K · Jun 2020
1–7 of 19

2709, Merano Tower in numbers

  • Sold 3 times: first on 24 June 2020 for AED 1,004,000, last on 4 December 2024 for AED 1,100,000 (AED 1,708 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 70,000 to AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2024 price is 7.9%, before a service charge of about AED 12,200 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 4 March 2025.

Questions about 2709, Merano Tower

What did unit 2709 last sell for?

AED 1,100,000 on 4 December 2024: AED 1,708 per sqft for 644 sqft. The unit has 3 registered sales; the first was AED 1,004,000 in June 2020.

What is the rent for unit 2709?

AED 87,000 a year on the contract signed on 4 March 2025. The previous contract, from June 2023, was AED 70,000.

How big is unit 2709?

644 sqft (59.8 sqm): a one-bedroom apartment on the 27th floor of a 29-storey tower completed in 2020.

What is unit 2709 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 2709, Merano Tower

Starts from the last sale price (AED 1.1M, 4 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →