505, Merano Tower
Sold prices and rental history: sold once, by the developer in October 2017, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Merano Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 26 July 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 669 sqft
- Floor
- 5th of 29
- Parking
- B3-022
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.06M · October 2017
- Building
- Merano Tower
About 505, Merano Tower
505 is a one-bedroom apartment of 669 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 4 October 2017 for AED 1,061,000, or AED 1,585 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 26 July 2022. The current contract, signed on 26 July 2022, is AED 78,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 12,700 a year.
Sales and rents for 505 over time
505 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 505 sits
All 397 1-beds →505 last sold in October 2017 at AED 1,585 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. 505's AED 78,000 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 | |
| 503 | 1-bed | 670 sqft | AED 1.08MAED 1,076,000 · May 2020May 2020 | 80,000 /yr | |
| 504 | Studio | 398 sqft | AED 632KAED 632,000 · Jun 2020June 2020 | 60,000 /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 |
505, Merano Tower in numbers
- Sold once: by DAMAC on 4 October 2017 for AED 1,061,000, or AED 1,585 per sqft.
- Rented since July 2022 on one Ejari contract, at AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2017 price is 7.3%, 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 26 July 2022.
Questions about 505, Merano Tower
What did unit 505 last sell for?
AED 1,061,000 on 4 October 2017, sold by the developer: AED 1,585 per sqft for 669 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 78,000 a year on the contract signed on 26 July 2022.
How big is unit 505?
669 sqft (62.2 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.
What is unit 505 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 505, Merano Tower
Starts from the last sale price (AED 1.06M, 4 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,061,000
- Deposit, UAE resident (20%)
- AED 212,200
- Deposit, non-resident (40%)
- AED 424,400
- Monthly over 25 years at 3.7%
- AED 4,341
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →