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1-bed · 670 sqftMerano Tower, Business Bay · 5th floor · completed 2020

502, Merano Tower

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

Unit 502 · DLD and Ejari recordsUpdated 12 December 2024
Last soldAED 738K24 September 2020
Current rentAED 90K /yr12 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Merano Tower

What is 502 worth today?

Last sold for AED 737,639 in 2020

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12 Dec 2024RentedNew contract
AED 90,000/yr12 months · AED 135 per sqft
11 Nov 2023RentedNew contract
AED 90,000/yr12 months · AED 135 per sqft
1 Nov 2021RentedRenewal
AED 45,000/yr12 months · AED 67 per sqft
1 Nov 2020RentedNew contract
AED 44,000/yr12 months · AED 66 per sqft
24 Sep 2020Sold by developerReady
AED 737,639AED 1,101 per sqft

Source: Dubai Land Department. Updated 12 December 2024.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
5th of 29
Parking
B3-020
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 738K · September 2020
Building
Merano Tower

About 502, Merano Tower

502 is a one-bedroom apartment of 670 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 24 September 2020 for AED 737,639, or AED 1,101 per sqft, 30% below the AED 1,582 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 12 December 2024, is AED 90,000 a year: a gross yield of 12.2% on the 2020 price, before the service charge of about AED 12,700 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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 737,639 (AED 1,101 per sqft)

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

Rents
Unit 502, each contractTypical one-bed in Merano Tower
50K75K2020202220242026Typical 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, November 2020: AED 44,000 a yearRenewal, November 2021: AED 45,000 a yearNew contract, November 2023: AED 90,000 a yearNew contract, December 2024: AED 90,000 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 502 sits

All 397 1-beds →

502 last sold in September 2020 at AED 1,101 per sqft, 30% below what one-beds in Merano Tower were fetching at the time (AED 1,582). 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. 502's AED 90,000 is in the upper 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 5th floor

All 574 units in Merano Tower
Value
5011-bedAED 965K · Nov 2016
5031-bedAED 1.08M · May 2020
504StudioAED 632K · Jun 2020
5051-bedAED 1.06M · Oct 2017
506StudioAED 660K · May 2023
5071-bedAED 1.02M · Jun 2016
5081-bedAED 1.05M · Jul 2025
1–7 of 19

502, Merano Tower in numbers

  • Sold once: by DAMAC on 24 September 2020 for AED 737,639, or AED 1,101 per sqft.
  • Rented since November 2020 on 4 Ejari contracts, from AED 44,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2020 price is 12.2%, 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 12 December 2024.

Questions about 502, Merano Tower

What did unit 502 last sell for?

AED 737,639 on 24 September 2020, sold by the developer: AED 1,101 per sqft for 670 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 90,000 a year on the contract signed on 12 December 2024. The previous contract, from November 2023, was AED 90,000; the unit has been rented since November 2020.

How big is unit 502?

670 sqft (62.2 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.

What is unit 502 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 502, Merano Tower

Starts from the last sale price (AED 738K, 24 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 737,639
Deposit, UAE resident (20%)
AED 147,528
Deposit, non-resident (40%)
AED 295,056
Monthly over 25 years at 3.7%
AED 3,018

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