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1-bed · 154 sqftMerano Tower, Business Bay · 5th floor · completed 2020

501, Merano Tower

Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 7 April 2023
Last soldAED 965K6 November 2016
Current rentAED 48K /yr7 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Merano Tower

What is 501 worth today?

Last sold for AED 964,800 in 2016

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7 Apr 2023RentedRenewal
AED 48,203/yr11 months · AED 79 per sqft
7 Apr 2022RentedRenewal
AED 48,000/yr12 months · AED 78 per sqft
7 Apr 2021RentedNew contract
AED 48,000/yr12 months · AED 78 per sqft
27 Jul 2020RentedNew contract
AED 55,000/yr12 months · AED 90 per sqft
6 Nov 2016Sold by developerOff-plan
AED 964,800AED 1,565 per sqft

Source: Dubai Land Department. Updated 7 April 2023.

Key facts

Type
1-bed apartment
Size
154 sqft
Floor
5th of 29
Parking
B3-019
Developer
DAMAC
Completed
2020
Service charge
AED 2,900 /yr
Last sold
AED 965K · November 2016
Building
Merano Tower

About 501, Merano Tower

501 is a one-bedroom apartment of 154 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 6 November 2016 for AED 964,800, or AED 1,565 per sqft, in line with the AED 1,600 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 7 April 2023, is AED 48,203 a year: a gross yield of 5.0% on the 2016 price, before the service charge of about AED 2,900 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, November 2016: AED 964,800 (AED 1,565 per sqft)

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

Rents
Unit 501, 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, July 2020: AED 55,000 a yearNew contract, April 2021: AED 48,000 a yearRenewal, April 2022: AED 48,000 a yearRenewal, April 2023: AED 48,203 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 501 sits

All 383 1-beds →

501 last sold in November 2016 at AED 1,565 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,600). 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. 501's AED 48,203 is at the bottom 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 5th floor

All 574 units in Merano Tower
Value
5021-bedAED 738K · Sep 2020
5031-bedAED 1.08M · May 2020
504StudioAED 632K · Jun 2020
5051-bedAED 1.06M · Oct 2017
506StudioAED 660K · May 2023
5071-bedAED 1.02M · Jun 2016
5081-bedAED 1.05M · Jul 2025
1–7 of 19

501, Merano Tower in numbers

  • Sold once: by DAMAC on 6 November 2016 for AED 964,800, or AED 1,565 per sqft.
  • Rented since July 2020 on 4 Ejari contracts, from AED 55,000 to AED 48,203 a year.
  • At AED 48,203 a year the gross yield on the 2016 price is 5.0%, before a service charge of about AED 2,900 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 April 2023.

Questions about 501, Merano Tower

What did unit 501 last sell for?

AED 964,800 on 6 November 2016, sold by the developer: AED 1,565 per sqft for 154 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 48,203 a year on the contract renewed on 7 April 2023. The previous contract, from April 2022, was AED 48,000; the unit has been rented since July 2020.

How big is unit 501?

154 sqft (14.3 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.

What is unit 501 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 501, Merano Tower

Starts from the last sale price (AED 965K, 6 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 964,800
Deposit, UAE resident (20%)
AED 192,960
Deposit, non-resident (40%)
AED 385,920
Monthly over 25 years at 3.7%
AED 3,947

Plus AED 45,532 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →