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1-bed · 670 sqftMerano Tower, Business Bay · 20th floor · completed 2020

2002, Merano Tower

Sold prices and rental history: sold twice, last in August 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2002 · DLD and Ejari recordsUpdated 24 August 2023
Last soldAED 1.03M24 August 2023
Current rentAED 65K /yr25 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2002, Merano Tower

What is 2002 worth today?

Last sold for AED 1,030,000 in 2023

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24 Aug 2023SoldReady
AED 1,030,000AED 1,537 per sqft
25 Aug 2022RentedNew contract
AED 65,000/yr12 months · AED 97 per sqft
20 Aug 2021RentedRenewal
AED 52,000/yr12 months · AED 78 per sqft
20 Aug 2020RentedNew contract
AED 45,000/yr12 months · AED 67 per sqft
22 Jun 2016Sold by developerOff-plan
AED 1,026,000AED 1,531 per sqft

Source: Dubai Land Department. Updated 24 August 2023.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
20th of 29
Parking
B1-162
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.03M · August 2023
Building
Merano Tower

About 2002, Merano Tower

2002 is a one-bedroom apartment of 670 sqft on the 20th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 24 August 2023 for AED 1,030,000, or AED 1,537 per sqft, in line with the AED 1,521 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 25 August 2022, is AED 65,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2002 over time

Sales
Unit 2002, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,061,015; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,098,000; 2020 AED 995,000; 2021 AED 805,000; 2022 AED 982,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,075,000Sold by developer, June 2016: AED 1,026,000 (AED 1,531 per sqft)Sold, August 2023: AED 1,030,000 (AED 1,537 per sqft)

2002 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2002, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 75,000New contract, August 2020: AED 45,000 a yearRenewal, August 2021: AED 52,000 a yearNew contract, August 2022: AED 65,000 a year

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

1-beds in Merano Tower, and where 2002 sits

All 397 1-beds →

2002 last sold in August 2023 at AED 1,537 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,521). Over the last 12 months one-beds sold for AED 924,900 to 1,200,000, around AED 1,556 per sqft, and rent for AED 48,000 to 126,000 a year. 2002's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 20261,040,000
28 Sep 20261,000,000
28 Sep 20261,000,000
18 Sep 2026990,000
21 1-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 20th floor

All 574 units in Merano Tower
Value
20011-bedAED 965K · Jan 2017
20031-bedAED 737K · Jun 2020
2004StudioAED 875K · Aug 2016
20051-bedAED 950K · Sep 2023
2006StudioAED 300K · Sep 2019
20071-bedAED 1.04M · Jun 2016
20081-bedAED 1.21M · Jun 2025
1–7 of 19

2002, Merano Tower in numbers

  • Sold twice: first on 22 June 2016 for AED 1,026,000, last on 24 August 2023 for AED 1,030,000 (AED 1,537 per sqft).
  • Rented since August 2020 on 3 Ejari contracts, from AED 45,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 6.3%, before a service charge of about AED 12,700 a year (AED 19.02 per sqft).
  • One-beds in Merano Tower sold for AED 924,900–1,200,000 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 24 August 2023.

Questions about 2002, Merano Tower

What did unit 2002 last sell for?

AED 1,030,000 on 24 August 2023: AED 1,537 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 1,026,000 in June 2016.

What is the rent for unit 2002?

AED 65,000 a year on the contract signed on 25 August 2022. The previous contract, from August 2021, was AED 52,000; the unit has been rented since August 2020.

How big is unit 2002?

670 sqft (62.2 sqm): a one-bedroom apartment on the 20th floor of a 29-storey tower completed in 2020.

What is unit 2002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Merano Tower sold for AED 924,900 to 1,200,000 in the last 12 months, around AED 1,556 per sqft.

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Mortgage on 2002, Merano Tower

Starts from the last sale price (AED 1.03M, 24 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,030,000
Deposit, UAE resident (20%)
AED 206,000
Deposit, non-resident (40%)
AED 412,000
Monthly over 25 years at 3.7%
AED 4,214

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