2-bed · 891 sqftMerano Tower, Business Bay · 11th floor · completed 2020

1113, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in December 2022, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1113 · DLD and Ejari recordsUpdated 1 July 2024

Last soldAED 1.51M6 December 2022

Current rentAED 120K /yr1 July 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1113, Merano Tower

Today

What is 1113 worth today?

Last sold for AED 1,510,000 in 2022

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1 Jul 2024

1 Jul 2024RentedNew contract

AED 119,678/yr12 months · AED 134 per sqft

6 Dec 2022

6 Dec 2022Sold by developerReady

AED 1,510,000AED 1,694 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type: 2-bed apartment
Size: 891 sqft
Floor: 11th of 29
Parking: B4-109, B4-110
Developer: DAMAC
Completed: 2020
Service charge: AED 16,900 /yr
Last sold: AED 1.51M · December 2022
Building: Merano Tower

About 1113, Merano Tower

1113 is a two-bedroom apartment of 891 sqft on the 11th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 6 December 2022 for AED 1,510,000, or AED 1,694 per sqft, 23% above the AED 1,380 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2024. The current contract, signed on 1 July 2024, is AED 119,678 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 16,900 a year.

Sales and rents for 1113 over time

Sales

Unit 1113, each saleTypical two-bed in Merano Tower

1113 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1113, each contractTypical two-bed in Merano Tower

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Merano Tower, and where 1113 sits

All 84 2-beds →

2-beds in Merano Tower · last 12 months1,504 /sqft Merano Tower · all types1,555 /sqft

1113 last sold in December 2022 at AED 1,694 per sqft, 23% above what two-beds in Merano Tower were fetching at the time (AED 1,380). Over the last 12 months two-beds sold for AED 1,125,000 to 1,500,000, around AED 1,504 per sqft, and rent for AED 80,000 to 135,000 a year. 1113's AED 119,678 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
15 Oct 202615 October 2026	993 sqft	1,450,000	1,459
17 Aug 202617 August 2026	969 sqft	1,220,000	1,259
9 Jul 20269 July 2026	956 sqft	1,200,000	1,255
11 May 202611 May 2026	891 sqft	1,125,000	1,262

12 2-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. 33 sold in the last 12 months.

Typical price per sqft: AED 1,555 Down 3.3%
Typical sale: AED 1.13M
Typical rent: AED 75K /yr
Typical yield: 7.4%

Merano Tower, Business Bay: prices, sales and rents →

Other units on the 11th floor

All 574 units in Merano Tower


1101	1-bed	616 sqft	AED 990KAED 990,495 · Jun 2016June 2016	80,000 /yr
1102	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Jul 2016July 2016	74,000 /yr
1103	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Jul 2016July 2016	68,000 /yr
1104	Studio	398 sqft	AED 715KAED 715,000 · May 2024May 2024	59,000 /yr
1105	1-bed	669 sqft	AED 1.38MAED 1,383,000 · Dec 2024December 2024
1106	Studio	327 sqft	AED 575KAED 575,000 · Sep 2019September 2019	60,000 /yr
1107	1-bed	668 sqft	AED 1MAED 1,000,000 · Sep 2026September 2026	80,000 /yr
1108	1-bed	771 sqft	AED 1.22MAED 1,217,600 · Dec 2016December 2016	86,000 /yr
1109	1-bed	644 sqft	AED 1MAED 1,000,000 · May 2016May 2016	77,000 /yr
1110	1-bed	644 sqft	AED 862KAED 862,433 · Apr 2022April 2022	70,000 /yr
1111	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Jan 2017January 2017	50,000 /yr
1112	1-bed	644 sqft	AED 761KAED 761,460 · Jan 2021January 2021	80,000 /yr
1114	2-bed	956 sqft	AED 1.51MAED 1,508,800 · May 2016May 2016	90,000 /yr
1115	2-bed	991 sqft	AED 1.17MAED 1,172,325 · Dec 2020December 2020	75,000 /yr
1116	1-bed	662 sqft	AED 1.02MAED 1,022,768 · Aug 2016August 2016	80,000 /yr
1117	1-bed	668 sqft	AED 779KAED 779,100 · Jan 2021January 2021	75,000 /yr
1118	1-bed	668 sqft	AED 1.17MAED 1,168,000 · Dec 2022December 2022
1119	1-bed	668 sqft	AED 1.06MAED 1,063,000 · May 2017May 2017	70,000 /yr
1120	Studio	334 sqft	AED 593KAED 593,000 · Apr 2017April 2017	66,000 /yr
1117A	1-bed	753 sqft	AED 1.38MAED 1,377,500 · Feb 2024February 2024	67,000 /yr

1–7 of 20

1113, Merano Tower in numbers

Sold once: by DAMAC on 6 December 2022 for AED 1,510,000, or AED 1,694 per sqft.
Rented since July 2024 on one Ejari contract, at AED 119,678 a year.
At AED 119,678 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 16,900 a year (AED 19.02 per sqft).
Two-beds in Merano Tower sold for AED 1,125,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,555 per sqft.

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 1113, Merano Tower

What did unit 1113 last sell for?

AED 1,510,000 on 6 December 2022, sold by the developer: AED 1,694 per sqft for 891 sqft. It is the only registered sale of the unit.

What is the rent for unit 1113?

AED 119,678 a year on the contract signed on 1 July 2024.

How big is unit 1113?

891 sqft (82.8 sqm): a two-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.

What is unit 1113 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Merano Tower sold for AED 1,125,000 to 1,500,000 in the last 12 months, around AED 1,504 per sqft.

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Mortgage on 1113, Merano Tower

Starts from the last sale price (AED 1.51M, 6 December 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,510,000
Deposit, UAE resident (20%): AED 302,000
Deposit, non-resident (40%): AED 604,000
Monthly over 25 years at 3.7%: AED 6,178

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →