506, Merano Tower
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Merano Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 331 sqft
- Floor
- 5th of 29
- Parking
- B4-030
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 6,300 /yr
- Last sold
- AED 660K · May 2023
- Building
- Merano Tower
About 506, Merano Tower
506 is a studio of 331 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 25 May 2023 for AED 660,000, or AED 1,993 per sqft, 20% above the AED 1,661 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 10 August 2026, is AED 54,325 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 6,300 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 506 sits
All 82 studios →506 last sold in May 2023 at AED 1,993 per sqft, 20% above what studios in Merano Tower were fetching at the time (AED 1,661). 506's AED 54,325 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 381 sqft | 532,000 | 1,396 | ||
| 19 Sep 202519 September 2025 | 331 sqft | 584,259 | 1,764 | ||
| 8 Sep 20258 September 2025 | 334 sqft | 800,000 | 2,393 | ||
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,386 |
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 | |
| 505 | 1-bed | 669 sqft | AED 1.06MAED 1,061,000 · Oct 2017October 2017 | 78,000 /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 |
506, Merano Tower in numbers
- Sold twice: first on 28 December 2016 for AED 577,916, last on 25 May 2023 for AED 660,000 (AED 1,993 per sqft).
- Rented since October 2020 on 7 Ejari contracts, from AED 35,000 to AED 54,325 a year.
- At AED 54,325 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 6,300 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 10 August 2026.
Questions about 506, Merano Tower
What did unit 506 last sell for?
AED 660,000 on 25 May 2023: AED 1,993 per sqft for 331 sqft. The unit has 2 registered sales; the first was AED 577,916 in December 2016.
What is the rent for unit 506?
AED 54,325 a year on the contract renewed on 10 August 2026. The previous contract, from August 2025, was AED 54,325; the unit has been rented since October 2020.
How big is unit 506?
331 sqft (30.8 sqm): a studio on the 5th floor of a 29-storey tower completed in 2020.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 506, Merano Tower
Starts from the last sale price (AED 660K, 25 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →