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1-bed · 670 sqftMerano Tower, Business Bay · 28th floor · completed 2020

2803, Merano Tower

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

Unit 2803 · DLD and Ejari recordsUpdated 20 July 2026
Last soldAED 700K17 November 2020
Current rentAED 62K /yr20 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2803, Merano Tower

What is 2803 worth today?

Last sold for AED 700,000 in 2020

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20 Jul 2026RentedNew contract
AED 62,000/yr12 months · AED 93 per sqft
7 May 2024RentedNew contract
AED 75,000/yr12 months · AED 112 per sqft
2 Oct 2023RentedRenewal
AED 64,000/yr12 months · AED 96 per sqft
2 Oct 2022RentedRenewal
AED 56,000/yr12 months · AED 84 per sqft
18 Sep 2021RentedNew contract
AED 52,000/yr12 months · AED 78 per sqft
17 Nov 2020SoldReady
AED 700,000AED 1,045 per sqft
1 Sep 2020RentedNew contract
AED 47,867/yr12 months · AED 72 per sqft
9 Feb 2020Sold by developerOff-plan
AED 1,104,000AED 1,648 per sqft

Source: Dubai Land Department. Updated 20 July 2026.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
28th of 29
Parking
B2-124
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 700K · November 2020
Building
Merano Tower

About 2803, Merano Tower

2803 is a one-bedroom apartment of 670 sqft on the 28th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 17 November 2020 for AED 700,000, or AED 1,045 per sqft, 31% below the AED 1,520 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 20 July 2026, is AED 62,000 a year: a gross yield of 8.9% on the 2020 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, 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, February 2020: AED 1,104,000 (AED 1,648 per sqft)Sold, November 2020: AED 700,000 (AED 1,045 per sqft)

2803 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2803, 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 2020: AED 47,867 a yearNew contract, September 2021: AED 52,000 a yearRenewal, October 2022: AED 56,000 a yearRenewal, October 2023: AED 64,000 a yearNew contract, May 2024: AED 75,000 a yearNew contract, July 2026: AED 62,000 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 2803 sits

All 397 1-beds →

2803 last sold in November 2020 at AED 1,045 per sqft, 31% below what one-beds in Merano Tower were fetching at the time (AED 1,520). 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. 2803's AED 62,000 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 28th floor

All 574 units in Merano Tower
Value
28011-bedAED 1.04M · Mar 2019
28021-bedAED 1M · Aug 2023
2804StudioAED 618K · Dec 2017
28051-bedAED 1.05M · Jan 2024
2806StudioAED 508K · Feb 2018
28071-bedAED 1.1M · May 2024
28081-bedAED 1.29M · Mar 2022
1–7 of 20

2803, Merano Tower in numbers

  • Sold twice: first on 9 February 2020 for AED 1,104,000, last on 17 November 2020 for AED 700,000 (AED 1,045 per sqft).
  • Rented since September 2020 on 6 Ejari contracts, from AED 47,867 to AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2020 price is 8.9%, 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 20 July 2026.

Questions about 2803, Merano Tower

What did unit 2803 last sell for?

AED 700,000 on 17 November 2020: AED 1,045 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 1,104,000 in February 2020.

What is the rent for unit 2803?

AED 62,000 a year on the contract signed on 20 July 2026. The previous contract, from May 2024, was AED 75,000; the unit has been rented since September 2020.

How big is unit 2803?

670 sqft (62.2 sqm): a one-bedroom apartment on the 28th floor of a 29-storey tower completed in 2020.

What is unit 2803 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 2803, Merano Tower

Starts from the last sale price (AED 700K, 17 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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