2704, Merano Tower
Sold prices and rental history: sold once, by the developer in July 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2704, Merano Tower
What is 2704 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 25 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 27th of 29
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 755K · July 2020
- Building
- Merano Tower
About 2704, Merano Tower
2704 is a studio of 398 sqft on the 27th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 27 July 2020 for AED 755,000, or AED 1,897 per sqft, 8% above the AED 1,758 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 25 April 2025, is AED 60,000 a year: a gross yield of 8.0% on the 2020 price, before the service charge of about AED 7,600 a year.
Sales and rents for 2704 over time
2704 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 2704 sits
All 82 studios →2704 last sold in July 2020 at AED 1,897 per sqft, 8% above what studios in Merano Tower were fetching at the time (AED 1,758). 2704's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 381 sqft | 532,000 | 1,396 | ||
| 19 Sep 202519 September 2025 | 331 sqft | 584,259 | 1,764 | ||
| 8 Sep 20258 September 2025 | 334 sqft | 800,000 | 2,393 | ||
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,386 |
Merano Tower
Building574 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%
Other units on the 27th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2701 | 1-bed | 616 sqft | AED 836KAED 836,250 · Nov 2020November 2020 | 87,000 /yr | |
| 2702 | 1-bed | 670 sqft | AED 840KAED 840,000 · Sep 2022September 2022 | 88,500 /yr | |
| 2703 | 1-bed | 670 sqft | AED 1.02MAED 1,015,694 · Sep 2023September 2023 | 65,000 /yr | |
| 2705 | 1-bed | 669 sqft | AED 769KAED 769,000 · Jun 2020June 2020 | 70,000 /yr | |
| 2706 | Studio | 331 sqft | AED 584KAED 584,259 · Sep 2025September 2025 | 50,000 /yr | |
| 2707 | 1-bed | 668 sqft | AED 812KAED 811,620 · Jun 2020June 2020 | 80,000 /yr | |
| 2708 | 1-bed | 771 sqft | AED 1.2MAED 1,200,000 · Oct 2023October 2023 | 75,000 /yr | |
| 2709 | 1-bed | 644 sqft | AED 1.1MAED 1,100,000 · Dec 2024December 2024 | 72,000 /yr | |
| 2710 | 1-bed | 644 sqft | AED 691KAED 691,250 · Jun 2022June 2022 | 80,981 /yr | |
| 2711 | 1-bed | 644 sqft | AED 1MAED 1,000,000 · Nov 2023November 2023 | 78,000 /yr | |
| 2712 | 1-bed | 644 sqft | AED 979KAED 979,000 · Jun 2020June 2020 | 70,000 /yr | |
| 2713 | 2-bed | 891 sqft | AED 1.25MAED 1,248,800 · Sep 2020September 2020 | 113,500 /yr | |
| 2714 | 2-bed | 956 sqft | AED 1.14MAED 1,136,100 · Sep 2020September 2020 | 112,000 /yr | |
| 2715 | 2-bed | 993 sqft | AED 1.06MAED 1,064,497 · Sep 2020September 2020 | 115,500 /yr | |
| 2716 | 1-bed | 664 sqft | AED 1.1MAED 1,100,000 · May 2025May 2025 | 85,000 /yr | |
| 2717 | 3-bed | 1,455 sqft | AED 2.08MAED 2,077,000 · May 2020May 2020 | 150,000 /yr | |
| 2718 | 1-bed | 668 sqft | AED 1.5MAED 1,497,000 · Sep 2024September 2024 | 61,000 /yr | |
| 2719 | 1-bed | 668 sqft | AED 935KAED 935,000 · Oct 2023October 2023 | 60,000 /yr | |
| 2720 | Studio | 334 sqft | AED 522KAED 522,240 · Aug 2020August 2020 | 55,000 /yr |
2704, Merano Tower in numbers
- Sold once: by DAMAC on 27 July 2020 for AED 755,000, or AED 1,897 per sqft.
- Rented since October 2021 on 4 Ejari contracts, from AED 35,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2020 price is 8.0%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 25 April 2025.
Questions about 2704, Merano Tower
What did unit 2704 last sell for?
AED 755,000 on 27 July 2020, sold by the developer: AED 1,897 per sqft for 398 sqft. It is the only registered sale of the unit.
What is the rent for unit 2704?
AED 60,000 a year on the contract signed on 25 April 2025. The previous contract, from April 2025, was AED 60,000; the unit has been rented since October 2021.
How big is unit 2704?
398 sqft (37.0 sqm): a studio on the 27th floor of a 29-storey tower completed in 2020.
What is unit 2704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 2704? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 2704, Merano Tower
Starts from the last sale price (AED 755K, 27 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 755,000
- Deposit, UAE resident (20%)
- AED 151,000
- Deposit, non-resident (40%)
- AED 302,000
- Monthly over 25 years at 3.7%
- AED 3,089
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →