1-bed · 753 sqftMerano Tower, Business Bay · 6th floor · completed 2020

617A, Merano Tower

Sold prices and rental history: sold twice, last in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617A · DLD and Ejari recordsUpdated 17 March 2022
Last soldAED 1.24M17 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 617A, Merano Tower

What is 617A worth today?

Last sold for AED 1,235,000 in 2022

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17 Mar 2022SoldReady
AED 1,235,000AED 1,640 per sqft
8 Dec 2019Sold by developerOff-plan
AED 1,235,000AED 1,640 per sqft

Source: Dubai Land Department. Updated 17 March 2022.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
6th of 29
Parking
B3-045
Developer
DAMAC
Completed
2020
Service charge
AED 14,300 /yr
Last sold
AED 1.24M · March 2022
Building
Merano Tower

About 617A, Merano Tower

617A is a one-bedroom apartment of 753 sqft on the 6th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 17 March 2022 for AED 1,235,000, or AED 1,640 per sqft, 14% above the AED 1,437 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 617A over time

Sales
Unit 617A, each saleTypical one-bed in Merano Tower
800K1M1.2M2016201920222025Typical 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, December 2019: AED 1,235,000 (AED 1,640 per sqft)Sold, March 2022: AED 1,235,000 (AED 1,640 per sqft)

617A has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 617A, 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 80,000

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 617A sits

All 383 1-beds →

617A last sold in March 2022 at AED 1,640 per sqft, 14% above what one-beds in Merano Tower were fetching at the time (AED 1,437). 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.

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 6th floor

All 574 units in Merano Tower
Value
6011-bedAED 1.04M · Dec 2022
6021-bedAED 1.07M · Jan 2017
6031-bedAED 1.09M · Jun 2016
604StudioAED 708K · Aug 2022
6051-bedAED 1.08M · Mar 2024
606StudioAED 409K · Nov 2020
6071-bedAED 934K · Jun 2016
1–7 of 20

617A, Merano Tower in numbers

  • Sold twice: first on 8 December 2019 for AED 1,235,000, last on 17 March 2022 for AED 1,235,000 (AED 1,640 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 17 March 2022.

Questions about 617A, Merano Tower

What did unit 617A last sell for?

AED 1,235,000 on 17 March 2022: AED 1,640 per sqft for 753 sqft. The unit has 2 registered sales; the first was AED 1,235,000 in December 2019.

How big is unit 617A?

753 sqft (70.0 sqm): a one-bedroom apartment on the 6th floor of a 29-storey tower completed in 2020.

What is unit 617A 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 617A, Merano Tower

Starts from the last sale price (AED 1.24M, 17 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,235,000
Deposit, UAE resident (20%)
AED 247,000
Deposit, non-resident (40%)
AED 494,000
Monthly over 25 years at 3.7%
AED 5,053

Plus AED 56,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →