306, Merano Tower
Sold prices and rental history: sold once, by the developer in April 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, Merano Tower
What is 306 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 18 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 327 sqft
- Floor
- 3rd of 29
- Parking
- B4-024
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 6,200 /yr
- Last sold
- AED 575K · April 2017
- Building
- Merano Tower
About 306, Merano Tower
306 is a studio of 327 sqft on the 3rd floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 26 April 2017 for AED 575,000, or AED 1,758 per sqft, in line with the AED 1,732 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 18 June 2024, is AED 54,000 a year: a gross yield of 9.4% on the 2017 price, before the service charge of about AED 6,200 a year.
Sales and rents for 306 over time
306 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 306 sits
All 79 studios →306 last sold in April 2017 at AED 1,758 per sqft, in line with what studios in Merano Tower were fetching at the time (AED 1,732). 306's AED 54,000 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 3rd floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 616 sqft | AED 755KAED 755,000 · Feb 2021February 2021 | 80,000 /yr | |
| 302 | 1-bed | 663 sqft | AED 1.05MAED 1,049,953 · Mar 2019March 2019 | 80,000 /yr | |
| 303 | 1-bed | 670 sqft | AED 1.05MAED 1,050,000 · Nov 2024November 2024 | 125,000 /yr | |
| 304 | Studio | 398 sqft | AED 720KAED 720,000 · Jan 2025January 2025 | 45,000 /yr | |
| 305 | 1-bed | 669 sqft | AED 950KAED 950,040 · Sep 2020September 2020 | ||
| 307 | 1-bed | 668 sqft | AED 802KAED 802,000 · Jan 2021January 2021 | 76,650 /yr | |
| 308 | 1-bed | 771 sqft | AED 1.12MAED 1,117,000 · Feb 2022February 2022 | ||
| 309 | 1-bed | 644 sqft | AED 880KAED 880,000 · May 2025May 2025 | 80,000 /yr | |
| 310 | 1-bed | 644 sqft | AED 880KAED 880,000 · May 2025May 2025 | 66,150 /yr | |
| 311 | 1-bed | 644 sqft | AED 758KAED 757,540 · Jan 2021January 2021 | 73,500 /yr | |
| 312 | 1-bed | 644 sqft | AED 757KAED 756,560 · Jan 2021January 2021 | 80,000 /yr | |
| 313 | 2-bed | 891 sqft | AED 1.3MAED 1,300,000 · Feb 2025February 2025 | 69,600 /yr | |
| 314 | 2-bed | 956 sqft | AED 1.79MAED 1,791,000 · Jan 2025January 2025 | ||
| 315 | 2-bed | 991 sqft | AED 1.6MAED 1,600,000 · Jul 2024July 2024 | 120,000 /yr | |
| 316 | 1-bed | 662 sqft | AED 1.05MAED 1,052,000 · Apr 2017April 2017 | 68,000 /yr | |
| 317 | 1-bed | 668 sqft | AED 1.06MAED 1,056,000 · Feb 2019February 2019 | 60,000 /yr | |
| 318 | 1-bed | 668 sqft | AED 1.06MAED 1,060,000 · Jul 2017July 2017 | 90,000 /yr | |
| 319 | 1-bed | 668 sqft | AED 803KAED 803,000 · Mar 2021March 2021 | 80,000 /yr | |
| 320 | Studio | 334 sqft | AED 589KAED 589,000 · Aug 2017August 2017 | 70,000 /yr | |
| 317A | 1-bed | 753 sqft | AED 1.45MAED 1,449,000 · Oct 2024October 2024 |
306, Merano Tower in numbers
- Sold once: by DAMAC on 26 April 2017 for AED 575,000, or AED 1,758 per sqft.
- Rented since March 2022 on 3 Ejari contracts, from AED 40,000 to AED 54,000 a year.
- At AED 54,000 a year the gross yield on the 2017 price is 9.4%, before a service charge of about AED 6,200 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 18 June 2024.
Questions about 306, Merano Tower
What did unit 306 last sell for?
AED 575,000 on 26 April 2017, sold by the developer: AED 1,758 per sqft for 327 sqft. It is the only registered sale of the unit.
What is the rent for unit 306?
AED 54,000 a year on the contract renewed on 18 June 2024. The previous contract, from June 2023, was AED 51,000; the unit has been rented since March 2022.
How big is unit 306?
327 sqft (30.4 sqm): a studio on the 3rd floor of a 29-storey tower completed in 2020.
What is unit 306 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 306? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 306, Merano Tower
Starts from the last sale price (AED 575K, 26 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 575,000
- Deposit, UAE resident (20%)
- AED 115,000
- Deposit, non-resident (40%)
- AED 230,000
- Monthly over 25 years at 3.7%
- AED 2,353
Plus AED 29,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →