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1-bed · 669 sqftMerano Tower, Business Bay · 28th floor · completed 2020

2805, Merano Tower

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

Unit 2805 · DLD and Ejari recordsUpdated 4 January 2024
Last soldAED 1.05M4 January 2024
Current rentAED 58K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2805, Merano Tower

What is 2805 worth today?

Last sold for AED 1,050,000 in 2024

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4 Jan 2024SoldReady
AED 1,050,000AED 1,569 per sqft
15 Aug 2022RentedRenewal
AED 58,000/yr12 months · AED 87 per sqft
15 Aug 2021RentedNew contract
AED 53,000/yr12 months · AED 79 per sqft
27 Oct 2019Sold by developerOff-plan
AED 1,104,000AED 1,650 per sqft

Source: Dubai Land Department. Updated 4 January 2024.

Key facts

Type
1-bed apartment
Size
669 sqft
Floor
28th of 29
Parking
B2-125
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.05M · January 2024
Building
Merano Tower

About 2805, Merano Tower

2805 is a one-bedroom apartment of 669 sqft on the 28th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 4 January 2024 for AED 1,050,000, or AED 1,569 per sqft, 5% above the AED 1,498 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 15 August 2022, is AED 58,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2805 over time

Sales
Unit 2805, 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 2019: AED 1,104,000 (AED 1,650 per sqft)Sold, January 2024: AED 1,050,000 (AED 1,569 per sqft)

2805 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2805, 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, August 2021: AED 53,000 a yearRenewal, August 2022: AED 58,000 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 2805 sits

All 397 1-beds →

2805 last sold in January 2024 at AED 1,569 per sqft, 5% above what one-beds in Merano Tower were fetching at the time (AED 1,498). 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. 2805's AED 58,000 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
28031-bedAED 700K · Nov 2020
2804StudioAED 618K · Dec 2017
2806StudioAED 508K · Feb 2018
28071-bedAED 1.1M · May 2024
28081-bedAED 1.29M · Mar 2022
1–7 of 20

2805, Merano Tower in numbers

  • Sold twice: first on 27 October 2019 for AED 1,104,000, last on 4 January 2024 for AED 1,050,000 (AED 1,569 per sqft).
  • Rented since August 2021 on 2 Ejari contracts, from AED 53,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2024 price is 5.5%, 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 4 January 2024.

Questions about 2805, Merano Tower

What did unit 2805 last sell for?

AED 1,050,000 on 4 January 2024: AED 1,569 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 1,104,000 in October 2019.

What is the rent for unit 2805?

AED 58,000 a year on the contract renewed on 15 August 2022. The previous contract, from August 2021, was AED 53,000.

How big is unit 2805?

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

What is unit 2805 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 2805, Merano Tower

Starts from the last sale price (AED 1.05M, 4 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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