1-bed · 668 sqftMerano Tower, Business Bay · 23rd floor · completed 2020

2319, Merano Tower

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2319 · DLD and Ejari recordsUpdated 27 November 2024
Last soldAED 980K27 November 2024
Current rentAED 70K /yr21 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2319, Merano Tower

What is 2319 worth today?

Last sold for AED 980,000 in 2024

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27 Nov 2024SoldReady
AED 980,000AED 1,466 per sqft
21 May 2024RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
22 May 2023RentedRenewal
AED 68,000/yr12 months · AED 102 per sqft
20 May 2022RentedNew contract
AED 64,652/yr12 months · AED 97 per sqft
15 Sep 2021RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
10 Oct 2016Sold by developerOff-plan
AED 1,065,600AED 1,594 per sqft

Source: Dubai Land Department. Updated 27 November 2024.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
23rd of 29
Parking
B2-050
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 980K · November 2024
Building
Merano Tower

About 2319, Merano Tower

2319 is a one-bedroom apartment of 668 sqft on the 23rd floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 27 November 2024 for AED 980,000, or AED 1,466 per sqft, 8% below the AED 1,600 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 21 May 2024, is AED 70,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2319 over time

Sales
Unit 2319, 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, October 2016: AED 1,065,600 (AED 1,594 per sqft)Sold, November 2024: AED 980,000 (AED 1,466 per sqft)

2319 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2319, 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, September 2021: AED 40,000 a yearNew contract, May 2022: AED 64,652 a yearRenewal, May 2023: AED 68,000 a yearNew contract, May 2024: AED 70,000 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 2319 sits

All 397 1-beds →

2319 last sold in November 2024 at AED 1,466 per sqft, 8% below what one-beds in Merano Tower were fetching at the time (AED 1,600). 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. 2319's AED 70,000 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 23rd floor

All 574 units in Merano Tower
Value
23011-bedAED 400K · Jan 2023
23021-bedAED 1.07M · Feb 2017
23031-bedAED 1.07M · Aug 2016
2304StudioAED 580K · Nov 2021
23051-bedAED 1.07M · Mar 2017
2306StudioAED 616K · Jan 2021
23071-bedAED 1.06M · May 2017
1–7 of 19

2319, Merano Tower in numbers

  • Sold twice: first on 10 October 2016 for AED 1,065,600, last on 27 November 2024 for AED 980,000 (AED 1,466 per sqft).
  • Rented since September 2021 on 4 Ejari contracts, from AED 40,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 7.1%, 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 27 November 2024.

Questions about 2319, Merano Tower

What did unit 2319 last sell for?

AED 980,000 on 27 November 2024: AED 1,466 per sqft for 668 sqft. The unit has 2 registered sales; the first was AED 1,065,600 in October 2016.

What is the rent for unit 2319?

AED 70,000 a year on the contract signed on 21 May 2024. The previous contract, from May 2023, was AED 68,000; the unit has been rented since September 2021.

How big is unit 2319?

668 sqft (62.1 sqm): a one-bedroom apartment on the 23rd floor of a 29-storey tower completed in 2020.

What is unit 2319 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 2319, Merano Tower

Starts from the last sale price (AED 980K, 27 November 2024). 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 →