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1-bed · 668 sqftMerano Tower, Business Bay · 3rd floor · completed 2020

307, Merano Tower

Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 30 September 2024
Last soldAED 802K17 January 2021
Current rentAED 77K /yr30 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 307, Merano Tower

What is 307 worth today?

Last sold for AED 802,000 in 2021

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30 Sep 2024RentedRenewal
AED 76,650/yr12 months · AED 115 per sqft
30 Sep 2023RentedRenewal
AED 76,650/yr12 months · AED 115 per sqft
30 Sep 2022RentedNew contract
AED 73,000/yr12 months · AED 109 per sqft
20 Jun 2021RentedNew contract
AED 63,000/yr12 months · AED 94 per sqft
17 Jan 2021Sold by developerReady
AED 802,000AED 1,200 per sqft

Source: Dubai Land Department. Updated 30 September 2024.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
3rd of 29
Parking
B2-159
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 802K · January 2021
Building
Merano Tower

About 307, Merano Tower

307 is a one-bedroom apartment of 668 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 17 January 2021 for AED 802,000, or AED 1,200 per sqft, in line with the AED 1,233 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 30 September 2024, is AED 76,650 a year: a gross yield of 9.6% on the 2021 price, before the service charge of about AED 12,700 a year.

Sales and rents for 307 over time

Sales
Unit 307, 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, January 2021: AED 802,000 (AED 1,200 per sqft)

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

Rents
Unit 307, 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 2021: AED 63,000 a yearNew contract, September 2022: AED 73,000 a yearRenewal, September 2023: AED 76,650 a yearRenewal, September 2024: AED 76,650 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 307 sits

All 383 1-beds →

307 last sold in January 2021 at AED 1,200 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,233). 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. 307's AED 76,650 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 3rd floor

All 574 units in Merano Tower
Value
3011-bedAED 755K · Feb 2021
3021-bedAED 1.05M · Mar 2019
3031-bedAED 1.05M · Nov 2024
304StudioAED 720K · Jan 2025
3051-bedAED 950K · Sep 2020
306StudioAED 575K · Apr 2017
3081-bedAED 1.12M · Feb 2022
1–7 of 20

307, Merano Tower in numbers

  • Sold once: by DAMAC on 17 January 2021 for AED 802,000, or AED 1,200 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 63,000 to AED 76,650 a year.
  • At AED 76,650 a year the gross yield on the 2021 price is 9.6%, 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 30 September 2024.

Questions about 307, Merano Tower

What did unit 307 last sell for?

AED 802,000 on 17 January 2021, sold by the developer: AED 1,200 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 307?

AED 76,650 a year on the contract renewed on 30 September 2024. The previous contract, from September 2023, was AED 76,650; the unit has been rented since June 2021.

How big is unit 307?

668 sqft (62.1 sqm): a one-bedroom apartment on the 3rd floor of a 29-storey tower completed in 2020.

What is unit 307 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 307, Merano Tower

Starts from the last sale price (AED 802K, 17 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 802,000
Deposit, UAE resident (20%)
AED 160,400
Deposit, non-resident (40%)
AED 320,800
Monthly over 25 years at 3.7%
AED 3,281

Plus AED 38,694 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →