2-bed · 891 sqftMerano Tower, Business Bay · 25th floor · completed 2020

2513, Merano Tower

Sold prices and rental history: sold twice, last in July 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2513 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 1.48M22 July 2024
Current rentAED 120K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2513, Merano Tower

What is 2513 worth today?

Last sold for AED 1,480,000 in 2024

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22 Jul 2024SoldReady
AED 1,480,000AED 1,660 per sqft
25 Jun 2024RentedNew contract
AED 120,000/yr12 months · AED 134 per sqft
1 Jun 2023RentedNew contract
AED 70,000/yr12 months · AED 79 per sqft
10 Nov 2021Sold by developerReady
AED 1,171,100AED 1,314 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
2-bed apartment
Size
891 sqft
Floor
25th of 29
Parking
P1-050
Developer
DAMAC
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 1.48M · July 2024
Building
Merano Tower

About 2513, Merano Tower

2513 is a two-bedroom apartment of 891 sqft on the 25th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 22 July 2024 for AED 1,480,000, or AED 1,660 per sqft, in line with the AED 1,635 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 25 June 2024, is AED 120,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 16,900 a year.

Sales and rents for 2513 over time

Sales
Unit 2513, 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, November 2021: AED 1,171,100 (AED 1,314 per sqft)Sold, July 2024: AED 1,480,000 (AED 1,660 per sqft)

2513 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2513, each contractTypical two-bed in Merano Tower
75K100K125K2020202220242026Typical 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, June 2023: AED 70,000 a yearNew contract, June 2024: AED 120,000 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 2513 sits

All 84 2-beds →

2513 last sold in July 2024 at AED 1,660 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,635). 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. 2513's AED 120,000 is in the upper 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 25th floor

All 574 units in Merano Tower
Value
25011-bedAED 981K · Nov 2017
25021-bedAED 1.1M · Oct 2019
25031-bedAED 900K · Apr 2023
2504StudioAED 716K · Jul 2017
25051-bedAED 1.06M · May 2017
2506StudioAED 617K · Dec 2020
25071-bedAED 1.06M · Jul 2017
1–7 of 19

2513, Merano Tower in numbers

  • Sold twice: first on 10 November 2021 for AED 1,171,100, last on 22 July 2024 for AED 1,480,000 (AED 1,660 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 70,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 16,900 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 22 July 2024.

Questions about 2513, Merano Tower

What did unit 2513 last sell for?

AED 1,480,000 on 22 July 2024: AED 1,660 per sqft for 891 sqft. The unit has 2 registered sales; the first was AED 1,171,100 in November 2021.

What is the rent for unit 2513?

AED 120,000 a year on the contract signed on 25 June 2024. The previous contract, from June 2023, was AED 70,000.

How big is unit 2513?

891 sqft (82.8 sqm): a two-bedroom apartment on the 25th floor of a 29-storey tower completed in 2020.

What is unit 2513 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 2513, Merano Tower

Starts from the last sale price (AED 1.48M, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,480,000
Deposit, UAE resident (20%)
AED 296,000
Deposit, non-resident (40%)
AED 592,000
Monthly over 25 years at 3.7%
AED 6,055

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