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1-bed · 670 sqftMerano Tower, Business Bay · 29th floor · completed 2020

2903, Merano Tower

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

Unit 2903 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 1.12M20 August 2024
Current rentAED 75K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2903, Merano Tower

What is 2903 worth today?

Last sold for AED 1,120,000 in 2024

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1 Oct 2026RentedNew contract
AED 75,000/yr12 months · AED 112 per sqft
9 Oct 2025RentedNew contract
AED 85,000/yr12 months · AED 127 per sqft
8 Sep 2024RentedNew contract
AED 85,000/yr12 months · AED 127 per sqft
20 Aug 2024SoldReady
AED 1,120,000AED 1,672 per sqft
17 Mar 2020Sold by developerOff-plan
AED 1,285,000AED 1,918 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
29th of 29
Parking
B2-139
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.12M · August 2024
Building
Merano Tower

About 2903, Merano Tower

2903 is a one-bedroom apartment of 670 sqft on the 29th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 20 August 2024 for AED 1,120,000, or AED 1,672 per sqft, 6% above the AED 1,575 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 October 2026, is AED 75,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, each saleTypical one-bed in Merano Tower
750K1M1.25M2016201920222025Typical 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, March 2020: AED 1,285,000 (AED 1,918 per sqft)Sold, August 2024: AED 1,120,000 (AED 1,672 per sqft)

2903 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2903, 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 2024: AED 85,000 a yearNew contract, October 2025: AED 85,000 a yearNew contract, October 2026: AED 75,000 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 2903 sits

All 397 1-beds →

2903 last sold in August 2024 at AED 1,672 per sqft, 6% above what one-beds in Merano Tower were fetching at the time (AED 1,575). 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. 2903's AED 75,000 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 29th floor

All 574 units in Merano Tower
Value
29011-bedAED 1.1M · Feb 2024
29021-bedAED 1.08M · Mar 2025
2904StudioAED 826K · Oct 2019
29051-bedAED 1.29M · Oct 2019
2906StudioAED 664K · Oct 2019
29071-bedAED 1.29M · Oct 2019
29081-bedAED 920K · Nov 2022
1–7 of 20

2903, Merano Tower in numbers

  • Sold twice: first on 17 March 2020 for AED 1,285,000, last on 20 August 2024 for AED 1,120,000 (AED 1,672 per sqft).
  • Rented since September 2024 on 3 Ejari contracts, from AED 85,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2024 price is 6.7%, 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 1 October 2026.

Questions about 2903, Merano Tower

What did unit 2903 last sell for?

AED 1,120,000 on 20 August 2024: AED 1,672 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 1,285,000 in March 2020.

What is the rent for unit 2903?

AED 75,000 a year on the contract signed on 1 October 2026. The previous contract, from October 2025, was AED 85,000; the unit has been rented since September 2024.

How big is unit 2903?

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

What is unit 2903 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 2903, Merano Tower

Starts from the last sale price (AED 1.12M, 20 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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