508, Merano Tower
Sold prices and rental history: sold twice, last in July 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Merano Tower
What is 508 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 14 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 771 sqft
- Floor
- 5th of 29
- Parking
- B3-024
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 14,700 /yr
- Last sold
- AED 1.05M · July 2025
- Building
- Merano Tower
About 508, Merano Tower
508 is a one-bedroom apartment of 771 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 14 July 2025 for AED 1,050,000, or AED 1,361 per sqft, 14% below the AED 1,585 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 12 April 2023, is AED 60,000 a year: a gross yield of 5.7% on the 2025 price, before the service charge of about AED 14,700 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 397 1-beds →508 last sold in July 2025 at AED 1,361 per sqft, 14% below what one-beds in Merano Tower were fetching at the time (AED 1,585). 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. 508's AED 60,000 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 | |
| 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 | |
| 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 |
508, Merano Tower in numbers
- Sold twice: first on 7 February 2021 for AED 931,000, last on 14 July 2025 for AED 1,050,000 (AED 1,361 per sqft).
- Rented since April 2021 on 3 Ejari contracts, from AED 48,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 5.7%, before a service charge of about AED 14,700 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 14 July 2025.
Questions about 508, Merano Tower
What did unit 508 last sell for?
AED 1,050,000 on 14 July 2025: AED 1,361 per sqft for 771 sqft. The unit has 2 registered sales; the first was AED 931,000 in February 2021.
What is the rent for unit 508?
AED 60,000 a year on the contract signed on 12 April 2023. The previous contract, from April 2022, was AED 50,400; the unit has been rented since April 2021.
How big is unit 508?
771 sqft (71.6 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.
What is unit 508 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 508? 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 508, Merano Tower
Starts from the last sale price (AED 1.05M, 14 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →