Home
Dubai prices
About
Research
2-bed · 956 sqftMerano Tower, Business Bay · 13th floor · completed 2020

1314, Merano Tower

Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1314 · DLD and Ejari recordsUpdated 12 June 2024
Last soldAED 1.42M12 June 2024
Current rentAED 94K /yr15 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1314

Property timeline for 1314, Merano Tower

What is 1314 worth today?

Last sold for AED 1,420,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Jun 2024SoldReady
AED 1,420,000AED 1,485 per sqft
15 Dec 2023RentedRenewal
AED 94,000/yr12 months · AED 98 per sqft
15 Dec 2022RentedNew contract
AED 90,000/yr12 months · AED 94 per sqft
7 Jan 2022RentedNew contract
AED 69,000/yr12 months · AED 72 per sqft
19 Mar 2019Sold by developerOff-plan
AED 1,512,000AED 1,581 per sqft

Source: Dubai Land Department. Updated 12 June 2024.

Key facts

Type
2-bed apartment
Size
956 sqft
Floor
13th of 29
Parking
P1-042
Developer
DAMAC
Completed
2020
Service charge
AED 18,200 /yr
Last sold
AED 1.42M · June 2024
Building
Merano Tower

About 1314, Merano Tower

1314 is a two-bedroom apartment of 956 sqft on the 13th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 12 June 2024 for AED 1,420,000, or AED 1,485 per sqft, 12% below the AED 1,680 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 December 2023, is AED 94,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1314 over time

Sales
Unit 1314, each saleTypical two-bed in Merano Tower
1.2M1.4M1.6M2016201920222025Typical sale price by year: 2016 AED 1,508,900; 2017 AED 1,509,000; 2018 AED 1,416,000; 2019 AED 1,525,000; 2020 AED 1,169,783; 2021 AED 1,171,100; 2022 AED 1,292,540; 2023 AED 1,550,000; 2024 AED 1,477,500; 2025 AED 1,425,000; 2026 AED 1,310,000Sold by developer, March 2019: AED 1,512,000 (AED 1,581 per sqft)Sold, June 2024: AED 1,420,000 (AED 1,485 per sqft)

1314 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1314, each contractTypical two-bed in Merano Tower
75K100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 105,000; 2026 AED 100,000New contract, January 2022: AED 69,000 a yearNew contract, December 2022: AED 90,000 a yearRenewal, December 2023: AED 94,000 a year

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 1314 sits

All 84 2-beds →

1314 last sold in June 2024 at AED 1,485 per sqft, 12% below what two-beds in Merano Tower were fetching at the time (AED 1,680). 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. 1314's AED 94,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,450,000
17 Aug 20261,220,000
9 Jul 20261,200,000
11 May 20261,125,000
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 13th floor

All 574 units in Merano Tower
Value
13011-bedAED 996K · Jun 2016
13021-bedAED 1.15M · Dec 2022
13031-bedAED 1.07M · Dec 2016
1304StudioAED 699K · Dec 2018
13051-bedAED 1.07M · Oct 2016
1306StudioAED 457K · Dec 2020
13071-bedAED 1.08M · Jun 2016
1–7 of 20

1314, Merano Tower in numbers

  • Sold twice: first on 19 March 2019 for AED 1,512,000, last on 12 June 2024 for AED 1,420,000 (AED 1,485 per sqft).
  • Rented since January 2022 on 3 Ejari contracts, from AED 69,000 to AED 94,000 a year.
  • At AED 94,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 18,200 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 12 June 2024.

Questions about 1314, Merano Tower

What did unit 1314 last sell for?

AED 1,420,000 on 12 June 2024: AED 1,485 per sqft for 956 sqft. The unit has 2 registered sales; the first was AED 1,512,000 in March 2019.

What is the rent for unit 1314?

AED 94,000 a year on the contract renewed on 15 December 2023. The previous contract, from December 2022, was AED 90,000; the unit has been rented since January 2022.

How big is unit 1314?

956 sqft (88.8 sqm): a two-bedroom apartment on the 13th floor of a 29-storey tower completed in 2020.

What is unit 1314 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.

Selling 1314? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1314, Merano Tower

Starts from the last sale price (AED 1.42M, 12 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

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