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1-bed · 668 sqftMerano Tower, Business Bay · 27th floor · completed 2020

2718, Merano Tower

Sold prices and rental history: sold twice, last in September 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2718 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.5M25 September 2024
Current rentAED 80K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2718, Merano Tower

What is 2718 worth today?

Last sold for AED 1,497,000 in 2024

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1 Nov 2024RentedNew contract
AED 80,000/yr12 months · AED 120 per sqft
25 Sep 2024SoldReady
AED 1,497,000AED 2,242 per sqft
21 Jun 2020Sold by developerReady
AED 1,015,000AED 1,520 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
27th of 29
Parking
B2-119
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.5M · September 2024
Building
Merano Tower

About 2718, Merano Tower

2718 is a one-bedroom apartment of 668 sqft on the 27th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 25 September 2024 for AED 1,497,000, or AED 2,242 per sqft, 41% above the AED 1,590 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 80,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2718 over time

Sales
Unit 2718, each saleTypical one-bed in Merano Tower
1M1.5M2016201920222025Typical 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 1,015,000 (AED 1,520 per sqft)Sold, September 2024: AED 1,497,000 (AED 2,242 per sqft)

2718 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2718, 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 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 2718 sits

All 383 1-beds →

2718 last sold in September 2024 at AED 2,242 per sqft, 41% above what one-beds in Merano Tower were fetching at the time (AED 1,590). 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. 2718'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
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

2718, Merano Tower in numbers

  • Sold twice: first on 21 June 2020 for AED 1,015,000, last on 25 September 2024 for AED 1,497,000 (AED 2,242 per sqft).
  • Rented since November 2024 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 5.3%, 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 1 November 2024.

Questions about 2718, Merano Tower

What did unit 2718 last sell for?

AED 1,497,000 on 25 September 2024: AED 2,242 per sqft for 668 sqft. The unit has 2 registered sales; the first was AED 1,015,000 in June 2020.

What is the rent for unit 2718?

AED 80,000 a year on the contract signed on 1 November 2024.

How big is unit 2718?

668 sqft (62.1 sqm): a one-bedroom apartment on the 27th floor of a 29-storey tower completed in 2020.

What is unit 2718 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 2718, Merano Tower

Starts from the last sale price (AED 1.5M, 25 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,497,000
Deposit, UAE resident (20%)
AED 299,400
Deposit, non-resident (40%)
AED 598,800
Monthly over 25 years at 3.7%
AED 6,125

Plus AED 67,884 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →