720, Merano Tower
Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 720, Merano Tower
What is 720 worth today?
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Source: Dubai Land Department. Updated 5 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 334 sqft
- Floor
- 7th of 29
- Parking
- B4-038
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 596K · December 2016
- Building
- Merano Tower
About 720, Merano Tower
720 is a studio of 334 sqft on the 7th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 28 December 2016 for AED 596,000, or AED 1,783 per sqft, 5% above the AED 1,702 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 5 July 2025, is AED 57,750 a year: a gross yield of 9.7% on the 2016 price, before the service charge of about AED 6,400 a year.
Sales and rents for 720 over time
720 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 720 sits
All 79 studios →720 last sold in December 2016 at AED 1,783 per sqft, 5% above what studios in Merano Tower were fetching at the time (AED 1,702). 720's AED 57,750 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 7th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 616 sqft | AED 990KAED 990,000 · Dec 2025December 2025 | 68,000 /yr | |
| 702 | 1-bed | 663 sqft | AED 1.06MAED 1,061,000 · Apr 2017April 2017 | 75,000 /yr | |
| 703 | 1-bed | 663 sqft | AED 1.06MAED 1,061,000 · Mar 2017March 2017 | 78,000 /yr | |
| 704 | Studio | 398 sqft | AED 709KAED 709,000 · Sep 2022September 2022 | 60,000 /yr | |
| 705 | 1-bed | 669 sqft | AED 1.06MAED 1,061,000 · Apr 2017April 2017 | 69,090 /yr | |
| 706 | Studio | 331 sqft | AED 537KAED 537,000 · Jun 2020June 2020 | 38,640 /yr | |
| 707 | 1-bed | 668 sqft | AED 1.06MAED 1,061,000 · Nov 2017November 2017 | 80,000 /yr | |
| 708 | 1-bed | 771 sqft | AED 1.12MAED 1,123,000 · Sep 2021September 2021 | ||
| 709 | 1-bed | 644 sqft | AED 1MAED 1,000,000 · Jul 2024July 2024 | 69,000 /yr | |
| 710 | 1-bed | 635 sqft | AED 1.03MAED 1,026,630 · Aug 2018August 2018 | ||
| 711 | 1-bed | 635 sqft | AED 1.02MAED 1,018,000 · Aug 2017August 2017 | 70,131 /yr | |
| 712 | 1-bed | 635 sqft | AED 1.02MAED 1,016,000 · Aug 2017August 2017 | 68,736 /yr | |
| 713 | 2-bed | 891 sqft | AED 1.43MAED 1,428,000 · Mar 2017March 2017 | 105,000 /yr | |
| 714 | 2-bed | 956 sqft | AED 1.51MAED 1,509,000 · Dec 2016December 2016 | ||
| 715 | 2-bed | 991 sqft | AED 1.57MAED 1,573,000 · Apr 2017April 2017 | 60,000 /yr | |
| 716 | 1-bed | 662 sqft | AED 1.05MAED 1,050,000 · Dec 2024December 2024 | 85,000 /yr | |
| 717 | 1-bed | 668 sqft | AED 1.13MAED 1,128,000 · Jul 2023July 2023 | ||
| 718 | 1-bed | 668 sqft | AED 1.06MAED 1,060,000 · May 2017May 2017 | ||
| 719 | 1-bed | 668 sqft | AED 1.08MAED 1,075,000 · Nov 2024November 2024 | 80,000 /yr | |
| 717A | 1-bed | 753 sqft | AED 1.26MAED 1,264,200 · Nov 2022November 2022 | 77,000 /yr |
720, Merano Tower in numbers
- Sold once: by DAMAC on 28 December 2016 for AED 596,000, or AED 1,783 per sqft.
- Rented since February 2021 on 5 Ejari contracts, from AED 32,000 to AED 57,750 a year.
- At AED 57,750 a year the gross yield on the 2016 price is 9.7%, before a service charge of about AED 6,400 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 5 July 2025.
Questions about 720, Merano Tower
What did unit 720 last sell for?
AED 596,000 on 28 December 2016, sold by the developer: AED 1,783 per sqft for 334 sqft. It is the only registered sale of the unit.
What is the rent for unit 720?
AED 57,750 a year on the contract renewed on 5 July 2025. The previous contract, from July 2024, was AED 55,000; the unit has been rented since February 2021.
How big is unit 720?
334 sqft (31.0 sqm): a studio on the 7th floor of a 29-storey tower completed in 2020.
What is unit 720 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 720, Merano Tower
Starts from the last sale price (AED 596K, 28 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 596,000
- Deposit, UAE resident (20%)
- AED 119,200
- Deposit, non-resident (40%)
- AED 238,400
- Monthly over 25 years at 3.7%
- AED 2,438
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →