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1-bed · 664 sqftMerano Tower, Business Bay · 29th floor · completed 2020

2916, Merano Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2916 · DLD and Ejari recordsUpdated 5 June 2025
Last soldAED 1.25M18 November 2019
Current rentAED 75K /yr5 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2916, Merano Tower

What is 2916 worth today?

Last sold for AED 1,254,854 in 2019

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5 Jun 2025RentedNew contract
AED 75,000/yr12 months · AED 112 per sqft
5 Jun 2025RentedNew contract
AED 75,000/yr12 months · AED 112 per sqft
21 Oct 2022RentedRenewal
AED 57,500/yr12 months · AED 87 per sqft
21 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
18 Nov 2019Sold by developerOff-plan
AED 1,254,854AED 1,890 per sqft

Source: Dubai Land Department. Updated 5 June 2025.

Key facts

Type
1-bed apartment
Size
664 sqft
Floor
29th of 29
Parking
B2-147
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.25M · November 2019
Building
Merano Tower

About 2916, Merano Tower

2916 is a one-bedroom apartment of 664 sqft on the 29th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 18 November 2019 for AED 1,254,854, or AED 1,890 per sqft, 16% above the AED 1,630 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 5 June 2025, is AED 75,000 a year: a gross yield of 6.0% on the 2019 price, before the service charge of about AED 12,600 a year.

Sales and rents for 2916 over time

Sales
Unit 2916, 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, November 2019: AED 1,254,854 (AED 1,890 per sqft)

2916 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2916, 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, October 2021: AED 50,000 a yearRenewal, October 2022: AED 57,500 a yearNew contract, June 2025: AED 75,000 a yearNew contract, June 2025: 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 2916 sits

All 397 1-beds →

2916 last sold in November 2019 at AED 1,890 per sqft, 16% above what one-beds in Merano Tower were fetching at the time (AED 1,630). 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. 2916'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
29031-bedAED 1.12M · Aug 2024
2904StudioAED 826K · Oct 2019
29051-bedAED 1.29M · Oct 2019
2906StudioAED 664K · Oct 2019
29071-bedAED 1.29M · Oct 2019
1–7 of 20

2916, Merano Tower in numbers

  • Sold once: by DAMAC on 18 November 2019 for AED 1,254,854, or AED 1,890 per sqft.
  • Rented since October 2021 on 4 Ejari contracts, from AED 50,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2019 price is 6.0%, before a service charge of about AED 12,600 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 5 June 2025.

Questions about 2916, Merano Tower

What did unit 2916 last sell for?

AED 1,254,854 on 18 November 2019, sold by the developer: AED 1,890 per sqft for 664 sqft. It is the only registered sale of the unit.

What is the rent for unit 2916?

AED 75,000 a year on the contract signed on 5 June 2025. The previous contract, from June 2025, was AED 75,000; the unit has been rented since October 2021.

How big is unit 2916?

664 sqft (61.7 sqm): a one-bedroom apartment on the 29th floor of a 29-storey tower completed in 2020.

What is unit 2916 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 2916, Merano Tower

Starts from the last sale price (AED 1.25M, 18 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,254,854
Deposit, UAE resident (20%)
AED 250,971
Deposit, non-resident (40%)
AED 501,942
Monthly over 25 years at 3.7%
AED 5,134

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