1-bed · 669 sqftMerano Tower, Business Bay · 3rd floor · completed 2020

305, Merano Tower

Sold prices and rental history: sold once, by the developer in September 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 2 September 2020
Last soldAED 950K2 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Merano Tower

What is 305 worth today?

Last sold for AED 950,040 in 2020

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2 Sep 2020Sold by developerReady
AED 950,040AED 1,420 per sqft

Source: Dubai Land Department. Updated 2 September 2020.

Key facts

Type
1-bed apartment
Size
669 sqft
Floor
3rd of 29
Parking
B2-156
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 950K · September 2020
Building
Merano Tower

About 305, Merano Tower

305 is a one-bedroom apartment of 669 sqft on the 3rd floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 September 2020 for AED 950,040, or AED 1,420 per sqft, 11% below the AED 1,604 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 305 over time

Sales
Unit 305, 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, September 2020: AED 950,040 (AED 1,420 per sqft)

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

Rents
Unit 305, 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 75,000

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 305 sits

All 397 1-beds →

305 last sold in September 2020 at AED 1,420 per sqft, 11% below what one-beds in Merano Tower were fetching at the time (AED 1,604). 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.

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 3rd floor

All 574 units in Merano Tower
Value
3011-bedAED 755K · Feb 2021
3021-bedAED 1.05M · Mar 2019
3031-bedAED 1.05M · Nov 2024
304StudioAED 720K · Jan 2025
306StudioAED 575K · Apr 2017
3071-bedAED 802K · Jan 2021
3081-bedAED 1.12M · Feb 2022
1–7 of 20

305, Merano Tower in numbers

  • Sold once: by DAMAC on 2 September 2020 for AED 950,040, or AED 1,420 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 2 September 2020.

Questions about 305, Merano Tower

What did unit 305 last sell for?

AED 950,040 on 2 September 2020, sold by the developer: AED 1,420 per sqft for 669 sqft. It is the only registered sale of the unit.

How big is unit 305?

669 sqft (62.2 sqm): a one-bedroom apartment on the 3rd floor of a 29-storey tower completed in 2020.

What is unit 305 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 305, Merano Tower

Starts from the last sale price (AED 950K, 2 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 950,040
Deposit, UAE resident (20%)
AED 190,008
Deposit, non-resident (40%)
AED 380,016
Monthly over 25 years at 3.7%
AED 3,887

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