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1-bed · 668 sqftMerano Tower, Business Bay · 3rd floor · completed 2020

317, Merano Tower

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

Unit 317 · DLD and Ejari recordsUpdated 5 December 2022
Last soldAED 1.06M25 February 2019
Current rentAED 60K /yr5 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 317, Merano Tower

What is 317 worth today?

Last sold for AED 1,056,000 in 2019

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5 Dec 2022RentedRenewal
AED 60,000/yr12 months · AED 90 per sqft
5 Dec 2021RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
25 Feb 2019Sold by developerOff-plan
AED 1,056,000AED 1,580 per sqft

Source: Dubai Land Department. Updated 5 December 2022.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
3rd of 29
Parking
B2-166
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.06M · February 2019
Building
Merano Tower

About 317, Merano Tower

317 is a one-bedroom apartment of 668 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 25 February 2019 for AED 1,056,000, or AED 1,580 per sqft, in line with the AED 1,599 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 5 December 2022, is AED 60,000 a year: a gross yield of 5.7% on the 2019 price, before the service charge of about AED 12,700 a year.

Sales and rents for 317 over time

Sales
Unit 317, 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 2019: AED 1,056,000 (AED 1,580 per sqft)

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

Rents
Unit 317, 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, December 2021: AED 55,000 a yearRenewal, December 2022: AED 60,000 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 317 sits

All 397 1-beds →

317 last sold in February 2019 at AED 1,580 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 317's AED 60,000 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 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
3051-bedAED 950K · Sep 2020
306StudioAED 575K · Apr 2017
3071-bedAED 802K · Jan 2021
1–7 of 20

317, Merano Tower in numbers

  • Sold once: by DAMAC on 25 February 2019 for AED 1,056,000, or AED 1,580 per sqft.
  • Rented since December 2021 on 2 Ejari contracts, from AED 55,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2019 price is 5.7%, 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 5 December 2022.

Questions about 317, Merano Tower

What did unit 317 last sell for?

AED 1,056,000 on 25 February 2019, sold by the developer: AED 1,580 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 317?

AED 60,000 a year on the contract renewed on 5 December 2022. The previous contract, from December 2021, was AED 55,000.

How big is unit 317?

668 sqft (62.1 sqm): a one-bedroom apartment on the 3rd floor of a 29-storey tower completed in 2020.

What is unit 317 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 317, Merano Tower

Starts from the last sale price (AED 1.06M, 25 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,056,000
Deposit, UAE resident (20%)
AED 211,200
Deposit, non-resident (40%)
AED 422,400
Monthly over 25 years at 3.7%
AED 4,320

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