2-bed · 956 sqftMerano Tower, Business Bay · 4th floor · completed 2020

414, Merano Tower

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 1.4M9 September 2024
Current rentAED 104K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Merano Tower

What is 414 worth today?

Last sold for AED 1,400,000 in 2024

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15 Mar 2025RentedNew contract
AED 104,420/yr6 months · AED 109 per sqft
15 Mar 2025RentedNew contract
AED 104,420/yr6 months · AED 109 per sqft
9 Sep 2024SoldReady
AED 1,400,000AED 1,464 per sqft
15 Mar 2024RentedNew contract
AED 105,000/yr12 months · AED 110 per sqft
22 Sep 2022RentedNew contract
AED 85,000/yr12 months · AED 89 per sqft
5 Aug 2021RentedNew contract
AED 64,000/yr12 months · AED 67 per sqft
5 Aug 2020RentedNew contract
AED 64,000/yr12 months · AED 67 per sqft
28 Aug 2016Sold by developerOff-plan
AED 1,488,000AED 1,556 per sqft

Source: Dubai Land Department. Updated 15 March 2025.

Key facts

Type
2-bed apartment
Size
956 sqft
Floor
4th of 29
Parking
P1-056
Developer
DAMAC
Completed
2020
Service charge
AED 18,200 /yr
Last sold
AED 1.4M · September 2024
Building
Merano Tower

About 414, Merano Tower

414 is a two-bedroom apartment of 956 sqft on the 4th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 9 September 2024 for AED 1,400,000, or AED 1,464 per sqft, 9% below the AED 1,614 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 15 March 2025, is AED 104,420 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 18,200 a year.

Sales and rents for 414 over time

Sales
Unit 414, each saleTypical two-bed in Merano Tower
1.2M1.4M1.6M2016201920222025Typical sale price by year: 2016 AED 1,508,900; 2017 AED 1,509,000; 2018 AED 1,416,000; 2019 AED 1,525,000; 2020 AED 1,169,783; 2021 AED 1,171,100; 2022 AED 1,292,540; 2023 AED 1,550,000; 2024 AED 1,477,500; 2025 AED 1,425,000; 2026 AED 1,310,000Sold by developer, August 2016: AED 1,488,000 (AED 1,556 per sqft)Sold, September 2024: AED 1,400,000 (AED 1,464 per sqft)

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

Rents
Unit 414, each contractTypical two-bed in Merano Tower
75K100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 105,000; 2026 AED 100,000New contract, August 2020: AED 64,000 a yearNew contract, August 2021: AED 64,000 a yearNew contract, September 2022: AED 85,000 a yearNew contract, March 2024: AED 105,000 a yearNew contract, March 2025: AED 104,420 a yearNew contract, March 2025: AED 104,420 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Merano Tower, and where 414 sits

All 84 2-beds →

414 last sold in September 2024 at AED 1,464 per sqft, 9% below what two-beds in Merano Tower were fetching at the time (AED 1,614). Over the last 12 months two-beds sold for AED 1,125,000 to 1,500,000, around AED 1,504 per sqft, and rent for AED 80,000 to 135,000 a year. 414's AED 104,420 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,450,000
17 Aug 20261,220,000
9 Jul 20261,200,000
11 May 20261,125,000
12 2-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 4th floor

All 574 units in Merano Tower
Value
4011-bedAED 936K · Jun 2016
4021-bedAED 1.08M · Dec 2018
4031-bedAED 805K · Mar 2021
404StudioAED 611K · Jul 2016
4051-bedAED 1.06M · Feb 2025
406StudioAED 573K · Sep 2019
4071-bedAED 950K · Dec 2023
1–7 of 20

414, Merano Tower in numbers

  • Sold twice: first on 28 August 2016 for AED 1,488,000, last on 9 September 2024 for AED 1,400,000 (AED 1,464 per sqft).
  • Rented since August 2020 on 6 Ejari contracts, from AED 64,000 to AED 104,420 a year.
  • At AED 104,420 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 18,200 a year (AED 19.02 per sqft).
  • Two-beds in Merano Tower sold for AED 1,125,000–1,500,000 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 15 March 2025.

Questions about 414, Merano Tower

What did unit 414 last sell for?

AED 1,400,000 on 9 September 2024: AED 1,464 per sqft for 956 sqft. The unit has 2 registered sales; the first was AED 1,488,000 in August 2016.

What is the rent for unit 414?

AED 104,420 a year on the contract signed on 15 March 2025. The previous contract, from March 2025, was AED 104,420; the unit has been rented since August 2020.

How big is unit 414?

956 sqft (88.8 sqm): a two-bedroom apartment on the 4th floor of a 29-storey tower completed in 2020.

What is unit 414 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Merano Tower sold for AED 1,125,000 to 1,500,000 in the last 12 months, around AED 1,504 per sqft.

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Mortgage on 414, Merano Tower

Starts from the last sale price (AED 1.4M, 9 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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