1-bed · 670 sqftMerano Tower, Business Bay · 28th floor · completed 2020

2803, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 2803 · DLD and Ejari recordsUpdated 7 May 2024

Last soldAED 700K17 November 2020

Current rentAED 75K /yr7 May 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 2803, Merano Tower

Today

What is 2803 worth today?

Last sold for AED 700,000 in 2020

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7 May 2024

7 May 2024RentedNew contract

AED 75,000/yr12 months · AED 112 per sqft

2 Oct 2023

2 Oct 2023RentedRenewal

AED 64,000/yr12 months · AED 96 per sqft

2 Oct 2022

2 Oct 2022RentedRenewal

AED 56,000/yr12 months · AED 84 per sqft

17 Nov 2020

17 Nov 2020SoldReady

AED 700,000AED 1,045 per sqft

1 Sep 2020

1 Sep 2020RentedNew contract

AED 47,867/yr12 months · AED 72 per sqft

9 Feb 2020

9 Feb 2020Sold by developerOff-plan

AED 1,104,000AED 1,648 per sqft

Source: Dubai Land Department. Updated 7 May 2024.

Key facts

Type: 1-bed apartment
Size: 670 sqft
Floor: 28th of 29
Parking: B2-124
Developer: DAMAC
Completed: 2020
Service charge: AED 12,700 /yr
Last sold: AED 700K · November 2020
Building: Merano Tower

About 2803, Merano Tower

2803 is a one-bedroom apartment of 670 sqft on the 28th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 17 November 2020 for AED 700,000, or AED 1,045 per sqft, 31% below the AED 1,520 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 7 May 2024, is AED 75,000 a year: a gross yield of 10.7% on the 2020 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2803 over time

Sales

Unit 2803, each saleTypical one-bed in Merano Tower

2803 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2803, each contractTypical one-bed in Merano Tower

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 2803 sits

All 383 1-beds →

1-beds in Merano Tower · last 12 months1,597 /sqft Merano Tower · all types1,571 /sqft

2803 last sold in November 2020 at AED 1,045 per sqft, 31% below what one-beds in Merano Tower were fetching at the time (AED 1,520). 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. 2803's AED 75,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
13 Feb 202613 February 2026	668 sqft	1,100,000	1,645
4 Feb 20264 February 2026	664 sqft	1,170,000	1,762
22 Jan 202622 January 2026	644 sqft	1,200,000	1,863
15 Jan 202615 January 2026	668 sqft	1,100,000	1,646

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 28th floor

All 574 units in Merano Tower


2801	1-bed	616 sqft	AED 1.04MAED 1,036,000 · Mar 2019March 2019	72,000 /yr
2802	1-bed	670 sqft	AED 1MAED 1,000,000 · Aug 2023August 2023	80,000 /yr
2804	Studio	398 sqft	AED 618KAED 618,450 · Dec 2017December 2017	63,000 /yr
2805	1-bed	669 sqft	AED 1.05MAED 1,050,000 · Jan 2024January 2024	58,000 /yr
2806	Studio	327 sqft	AED 508KAED 508,400 · Feb 2018February 2018	65,000 /yr
2807	1-bed	668 sqft	AED 1.1MAED 1,100,000 · May 2024May 2024	75,000 /yr
2808	1-bed	771 sqft	AED 1.29MAED 1,287,000 · Mar 2022March 2022	85,000 /yr
2809	1-bed	635 sqft	AED 1.06MAED 1,063,000 · Mar 2019March 2019	80,000 /yr
2810	1-bed	635 sqft	AED 978KAED 977,960 · Nov 2018November 2018	70,000 /yr
2811	1-bed	644 sqft	AED 900KAED 900,000 · Nov 2024November 2024	85,000 /yr
2812		644 sqft	AED 1.1MAED 1,100,000 · Oct 2025October 2025	80,400 /yr
2813	2-bed	891 sqft	AED 1.08MAED 1,080,000 · Jan 2021January 2021	115,000 /yr
2814	2-bed	956 sqft	AED 1.54MAED 1,544,000 · Jan 2019January 2019	95,000 /yr
2815	2-bed	982 sqft	AED 1.57MAED 1,569,000 · Oct 2018October 2018	110,000 /yr
2816	1-bed	657 sqft	AED 1.07MAED 1,074,000 · Dec 2017December 2017	80,000 /yr
2817	1-bed	668 sqft	AED 1.08MAED 1,084,000 · Apr 2019April 2019	75,000 /yr
2818	1-bed	668 sqft	AED 1.09MAED 1,092,960 · Feb 2018February 2018	70,000 /yr
2819	1-bed	668 sqft	AED 1.09MAED 1,093,950 · Apr 2018April 2018	70,000 /yr
2820	Studio	334 sqft	AED 607KAED 607,000 · Dec 2017December 2017	60,000 /yr
2817A	1-bed	753 sqft	AED 1.05MAED 1,050,000 · Feb 2022February 2022	82,000 /yr

1–7 of 20

2803, Merano Tower in numbers

Sold twice: first on 9 February 2020 for AED 1,104,000, last on 17 November 2020 for AED 700,000 (AED 1,045 per sqft).
Rented since September 2020 on 4 Ejari contracts, from AED 47,867 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2020 price is 10.7%, 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 7 May 2024.

Questions about 2803, Merano Tower

What did unit 2803 last sell for?

AED 700,000 on 17 November 2020: AED 1,045 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 1,104,000 in February 2020.

What is the rent for unit 2803?

AED 75,000 a year on the contract signed on 7 May 2024. The previous contract, from October 2023, was AED 64,000; the unit has been rented since September 2020.

How big is unit 2803?

670 sqft (62.2 sqm): a one-bedroom apartment on the 28th floor of a 29-storey tower completed in 2020.

What is unit 2803 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 2803, Merano Tower

Starts from the last sale price (AED 700K, 17 November 2020). Switch to today's estimate once you have unlocked it.

Price: AED 700,000
Deposit, UAE resident (20%): AED 140,000
Deposit, non-resident (40%): AED 280,000
Monthly over 25 years at 3.7%: AED 2,864

Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →