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2-bed · 956 sqftMerano Tower, Business Bay · 19th floor · completed 2020

1914, Merano Tower

Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1914 · DLD and Ejari recordsUpdated 23 January 2024
Last soldAED 1.51M24 January 2017
Current rentAED 85K /yr23 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1914, Merano Tower

What is 1914 worth today?

Last sold for AED 1,509,000 in 2017

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23 Jan 2024RentedRenewal
AED 85,000/yr12 months · AED 89 per sqft
23 Jan 2023RentedNew contract
AED 85,000/yr12 months · AED 89 per sqft
2 Nov 2022RentedNew contract
AED 40,000/yr12 months · AED 42 per sqft
3 Oct 2021RentedNew contract
AED 40,000/yr12 months · AED 42 per sqft
24 Jan 2017Sold by developerOff-plan
AED 1,509,000AED 1,578 per sqft

Source: Dubai Land Department. Updated 23 January 2024.

Key facts

Type
2-bed apartment
Size
956 sqft
Floor
19th of 29
Parking
P1-004
Developer
DAMAC
Completed
2020
Service charge
AED 18,200 /yr
Last sold
AED 1.51M · January 2017
Building
Merano Tower

About 1914, Merano Tower

1914 is a two-bedroom apartment of 956 sqft on the 19th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 24 January 2017 for AED 1,509,000, or AED 1,578 per sqft, in line with the AED 1,592 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 23 January 2024, is AED 85,000 a year: a gross yield of 5.6% on the 2017 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1914 over time

Sales
Unit 1914, 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, January 2017: AED 1,509,000 (AED 1,578 per sqft)

1914 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1914, each contractTypical two-bed in Merano Tower
50K100K2020202220242026Typical 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, October 2021: AED 40,000 a yearNew contract, November 2022: AED 40,000 a yearNew contract, January 2023: AED 85,000 a yearRenewal, January 2024: AED 85,000 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 1914 sits

All 84 2-beds →

1914 last sold in January 2017 at AED 1,578 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,592). 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. 1914's AED 85,000 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 19th floor

All 574 units in Merano Tower
Value
19011-bedAED 700K · Apr 2022
19021-bedAED 1.07M · Jan 2017
19031-bedAED 1.07M · Dec 2016
1904StudioAED 715K · Aug 2016
19051-bedAED 1.07M · Dec 2016
1906StudioAED 488K · Sep 2021
19071-bedAED 1.1M · May 2016
1–7 of 20

1914, Merano Tower in numbers

  • Sold once: by DAMAC on 24 January 2017 for AED 1,509,000, or AED 1,578 per sqft.
  • Rented since October 2021 on 4 Ejari contracts, from AED 40,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2017 price is 5.6%, 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 23 January 2024.

Questions about 1914, Merano Tower

What did unit 1914 last sell for?

AED 1,509,000 on 24 January 2017, sold by the developer: AED 1,578 per sqft for 956 sqft. It is the only registered sale of the unit.

What is the rent for unit 1914?

AED 85,000 a year on the contract renewed on 23 January 2024. The previous contract, from January 2023, was AED 85,000; the unit has been rented since October 2021.

How big is unit 1914?

956 sqft (88.8 sqm): a two-bedroom apartment on the 19th floor of a 29-storey tower completed in 2020.

What is unit 1914 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 1914, Merano Tower

Starts from the last sale price (AED 1.51M, 24 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,509,000
Deposit, UAE resident (20%)
AED 301,800
Deposit, non-resident (40%)
AED 603,600
Monthly over 25 years at 3.7%
AED 6,174

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