503, Merano Tower
Sold prices and rental history: sold once, by the developer in May 2020, and rented once, from September 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Merano Tower
What is 503 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 22 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 670 sqft
- Floor
- 5th of 29
- Parking
- B3-021
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.08M · May 2020
- Building
- Merano Tower
About 503, Merano Tower
503 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 11 May 2020 for AED 1,076,000, or AED 1,606 per sqft, in line with the AED 1,638 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 22 September 2023. The current contract, signed on 22 September 2023, is AED 80,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 12,700 a year.
Sales and rents for 503 over time
503 has sold once; the dashed line is the one-bed median of each year in the building.
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 503 sits
All 397 1-beds →503 last sold in May 2020 at AED 1,606 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,638). 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. 503's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 668 sqft | 1,040,000 | 1,556 | ||
| 28 Sep 202628 September 2026 | 670 sqft | 1,000,000 | 1,492 | ||
| 28 Sep 202628 September 2026 | 668 sqft | 1,000,000 | 1,497 | ||
| 18 Sep 202618 September 2026 | 668 sqft | 990,000 | 1,482 |
Merano Tower
Building574 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%
Other units on the 5th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 154 sqft | AED 965KAED 964,800 · Nov 2016November 2016 | 76,000 /yr | |
| 502 | 1-bed | 670 sqft | AED 738KAED 737,639 · Sep 2020September 2020 | 90,000 /yr | |
| 504 | Studio | 398 sqft | AED 632KAED 632,000 · Jun 2020June 2020 | 60,000 /yr | |
| 505 | 1-bed | 669 sqft | AED 1.06MAED 1,061,000 · Oct 2017October 2017 | 78,000 /yr | |
| 506 | Studio | 331 sqft | AED 660KAED 660,000 · May 2023May 2023 | 54,325 /yr | |
| 507 | 1-bed | 668 sqft | AED 1.02MAED 1,022,607 · Jun 2016June 2016 | 62,000 /yr | |
| 508 | 1-bed | 771 sqft | AED 1.05MAED 1,050,000 · Jul 2025July 2025 | 60,000 /yr | |
| 509 | 1-bed | 635 sqft | AED 1.01MAED 1,014,400 · May 2017May 2017 | 69,242 /yr | |
| 510 | 1-bed | 644 sqft | AED 959KAED 958,579 · Jun 2016June 2016 | 70,000 /yr | |
| 511 | 1-bed | 644 sqft | AED 1.05MAED 1,050,624 · Jun 2016June 2016 | ||
| 513 | 2-bed | 891 sqft | AED 1MAED 1,000,000 · Nov 2020November 2020 | 115,000 /yr | |
| 514 | 2-bed | 956 sqft | AED 1.51MAED 1,508,800 · Jul 2016July 2016 | 105,000 /yr | |
| 515 | 2-bed | 991 sqft | AED 1.45MAED 1,450,000 · Oct 2023October 2023 | 90,000 /yr | |
| 516 | 1-bed | 662 sqft | AED 727KAED 727,000 · Jul 2020July 2020 | 65,000 /yr | |
| 517 | 1-bed | 668 sqft | AED 1.06MAED 1,057,000 · Aug 2018August 2018 | 68,000 /yr | |
| 518 | 1-bed | 668 sqft | AED 732KAED 732,000 · Aug 2020August 2020 | 80,000 /yr | |
| 519 | 1-bed | 668 sqft | AED 1.09MAED 1,085,000 · Nov 2023November 2023 | 82,500 /yr | |
| 520 | Studio | 334 sqft | AED 589KAED 589,000 · May 2017May 2017 | ||
| 517A | 1-bed | 753 sqft | AED 1.08MAED 1,075,000 · Aug 2023August 2023 | 60,000 /yr |
503, Merano Tower in numbers
- Sold once: by DAMAC on 11 May 2020 for AED 1,076,000, or AED 1,606 per sqft.
- Rented since September 2023 on one Ejari contract, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2020 price is 7.4%, 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 22 September 2023.
Questions about 503, Merano Tower
What did unit 503 last sell for?
AED 1,076,000 on 11 May 2020, sold by the developer: AED 1,606 per sqft for 670 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 80,000 a year on the contract signed on 22 September 2023.
How big is unit 503?
670 sqft (62.2 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.
What is unit 503 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.
Selling 503? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 503, Merano Tower
Starts from the last sale price (AED 1.08M, 11 May 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,076,000
- Deposit, UAE resident (20%)
- AED 215,200
- Deposit, non-resident (40%)
- AED 430,400
- Monthly over 25 years at 3.7%
- AED 4,402
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →