2-bed · 991 sqftMerano Tower, Business Bay · 11th floor · completed 2020

1115, 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 2020, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1115 · DLD and Ejari recordsUpdated 19 January 2021

Last soldAED 1.17M17 December 2020

Current rentAED 75K /yr19 January 2021

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1115, Merano Tower

Today

What is 1115 worth today?

Last sold for AED 1,172,325 in 2020

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19 Jan 2021

19 Jan 2021RentedNew contract

AED 75,000/yr12 months · AED 76 per sqft

17 Dec 2020

17 Dec 2020Sold by developerReady

AED 1,172,325AED 1,183 per sqft

Source: Dubai Land Department. Updated 19 January 2021.

Key facts

Type: 2-bed apartment
Size: 991 sqft
Floor: 11th of 29
Parking: B2-109, B2-110
Developer: DAMAC
Completed: 2020
Service charge: AED 18,800 /yr
Last sold: AED 1.17M · December 2020
Building: Merano Tower

About 1115, Merano Tower

1115 is a two-bedroom apartment of 991 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 17 December 2020 for AED 1,172,325, or AED 1,183 per sqft, in line with the AED 1,188 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 19 January 2021. The current contract, signed on 19 January 2021, is AED 75,000 a year: a gross yield of 6.4% on the 2020 price, before the service charge of about AED 18,800 a year.

Sales and rents for 1115 over time

Sales

Unit 1115, each saleTypical two-bed in Merano Tower

1115 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1115, 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 1115 sits

All 84 2-beds →

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

1115 last sold in December 2020 at AED 1,183 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,188). 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. 1115's AED 75,000 is at the bottom 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
1113	2-bed	891 sqft	AED 1.51MAED 1,510,000 · Dec 2022December 2022	119,678 /yr
1114	2-bed	956 sqft	AED 1.51MAED 1,508,800 · May 2016May 2016	90,000 /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

1115, Merano Tower in numbers

Sold once: by DAMAC on 17 December 2020 for AED 1,172,325, or AED 1,183 per sqft.
Rented since January 2021 on one Ejari contract, at AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2020 price is 6.4%, before a service charge of about AED 18,800 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 19 January 2021.

Questions about 1115, Merano Tower

What did unit 1115 last sell for?

AED 1,172,325 on 17 December 2020, sold by the developer: AED 1,183 per sqft for 991 sqft. It is the only registered sale of the unit.

What is the rent for unit 1115?

AED 75,000 a year on the contract signed on 19 January 2021.

How big is unit 1115?

991 sqft (92.1 sqm): a two-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.

What is unit 1115 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 1115, Merano Tower

Starts from the last sale price (AED 1.17M, 17 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 1,172,325
Deposit, UAE resident (20%): AED 234,465
Deposit, non-resident (40%): AED 468,930
Monthly over 25 years at 3.7%: AED 4,796

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