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1-bed · 668 sqftMerano Tower, Business Bay · 20th floor · completed 2020

2018, Merano Tower

Sold prices and rental history: sold 3 times, last in October 2022, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2018 · DLD and Ejari recordsUpdated 6 October 2022
Last soldAED 980K6 October 2022
Current rentAED 50K /yr15 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2018, Merano Tower

What is 2018 worth today?

Last sold for AED 980,000 in 2022

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6 Oct 2022SoldReady
AED 980,000AED 1,467 per sqft
23 Sep 2022SoldReady
AED 810,000AED 1,213 per sqft
15 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
3 Aug 2016Sold by developerOff-plan
AED 1,115,365AED 1,670 per sqft

Source: Dubai Land Department. Updated 6 October 2022.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
20th of 29
Parking
B2-006
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 980K · October 2022
Building
Merano Tower

About 2018, Merano Tower

2018 is a one-bedroom apartment of 668 sqft on the 20th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 6 October 2022 for AED 980,000, or AED 1,467 per sqft, 6% above the AED 1,381 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 October 2021. The current contract, signed on 15 October 2021, is AED 50,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2018 over time

Sales
Unit 2018, 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, August 2016: AED 1,115,365 (AED 1,670 per sqft)Sold, September 2022: AED 810,000 (AED 1,213 per sqft)Sold, October 2022: AED 980,000 (AED 1,467 per sqft)

2018 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2018, 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, October 2021: AED 50,000 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 2018 sits

All 397 1-beds →

2018 last sold in October 2022 at AED 1,467 per sqft, 6% above what one-beds in Merano Tower were fetching at the time (AED 1,381). 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. 2018's AED 50,000 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
20021-bedAED 1.03M · Aug 2023
20031-bedAED 737K · Jun 2020
2004StudioAED 875K · Aug 2016
20051-bedAED 950K · Sep 2023
2006StudioAED 300K · Sep 2019
20071-bedAED 1.04M · Jun 2016
1–7 of 19

2018, Merano Tower in numbers

  • Sold 3 times: first on 3 August 2016 for AED 1,115,365, last on 6 October 2022 for AED 980,000 (AED 1,467 per sqft).
  • Rented since October 2021 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 5.1%, 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 6 October 2022.

Questions about 2018, Merano Tower

What did unit 2018 last sell for?

AED 980,000 on 6 October 2022: AED 1,467 per sqft for 668 sqft. The unit has 3 registered sales; the first was AED 1,115,365 in August 2016.

What is the rent for unit 2018?

AED 50,000 a year on the contract signed on 15 October 2021.

How big is unit 2018?

668 sqft (62.1 sqm): a one-bedroom apartment on the 20th floor of a 29-storey tower completed in 2020.

What is unit 2018 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 2018, Merano Tower

Starts from the last sale price (AED 980K, 6 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 980,000
Deposit, UAE resident (20%)
AED 196,000
Deposit, non-resident (40%)
AED 392,000
Monthly over 25 years at 3.7%
AED 4,009

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