2-bed · 991 sqftMerano Tower, Business Bay · 5th floor · completed 2020

515, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 515 · DLD and Ejari recordsUpdated 19 July 2026

Last soldAED 1.45M5 October 2023

Current rentAED 90K /yr19 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 515, Merano Tower

Today

What is 515 worth today?

Last sold for AED 1,450,000 in 2023

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19 Jul 2026

19 Jul 2026RentedNew contract

AED 90,000/yr12 months · AED 91 per sqft

3 Aug 2024

3 Aug 2024RentedNew contract

AED 110,000/yr12 months · AED 111 per sqft

5 Oct 2023

5 Oct 2023SoldReady

AED 1,450,000AED 1,463 per sqft

15 Nov 2021

15 Nov 2021RentedNew contract

AED 65,000/yr12 months · AED 66 per sqft

1 Nov 2020

1 Nov 2020RentedNew contract

AED 65,000/yr12 months · AED 66 per sqft

14 Sep 2020

14 Sep 2020Sold by developerReady

AED 1,167,240AED 1,177 per sqft

Source: Dubai Land Department. Updated 19 July 2026.

Key facts

Type: 2-bed apartment
Size: 991 sqft
Floor: 5th of 29
Parking: P1-057
Developer: DAMAC
Completed: 2020
Service charge: AED 18,800 /yr
Last sold: AED 1.45M · October 2023
Building: Merano Tower

About 515, Merano Tower

515 is a two-bedroom apartment of 991 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 5 October 2023 for AED 1,450,000, or AED 1,463 per sqft, in line with the AED 1,489 two-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 19 July 2026, is AED 90,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 18,800 a year.

Sales and rents for 515 over time

Sales

Unit 515, each saleTypical two-bed in Merano Tower

515 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 515, each contractTypical two-bed in Merano Tower

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Merano Tower, and where 515 sits

All 84 2-beds →

2-beds in Merano Tower · last 12 months1,504 /sqft Merano Tower · all types1,555 /sqft

515 last sold in October 2023 at AED 1,463 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,489). Over the last 12 months two-beds sold for AED 1,125,000 to 1,500,000, around AED 1,504 per sqft, and rent for AED 80,000 to 135,000 a year. 515's AED 90,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
15 Oct 202615 October 2026	993 sqft	1,450,000	1,459
17 Aug 202617 August 2026	969 sqft	1,220,000	1,259
9 Jul 20269 July 2026	956 sqft	1,200,000	1,255
11 May 202611 May 2026	891 sqft	1,125,000	1,262

12 2-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


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
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
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

1–7 of 19

515, Merano Tower in numbers

Sold twice: first on 14 September 2020 for AED 1,167,240, last on 5 October 2023 for AED 1,450,000 (AED 1,463 per sqft).
Rented since November 2020 on 4 Ejari contracts, from AED 65,000 to AED 90,000 a year.
At AED 90,000 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 18,800 a year (AED 19.02 per sqft).
Two-beds in Merano Tower sold for AED 1,125,000–1,500,000 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 19 July 2026.

Questions about 515, Merano Tower

What did unit 515 last sell for?

AED 1,450,000 on 5 October 2023: AED 1,463 per sqft for 991 sqft. The unit has 2 registered sales; the first was AED 1,167,240 in September 2020.

What is the rent for unit 515?

AED 90,000 a year on the contract signed on 19 July 2026. The previous contract, from August 2024, was AED 110,000; the unit has been rented since November 2020.

How big is unit 515?

991 sqft (92.1 sqm): a two-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Merano Tower sold for AED 1,125,000 to 1,500,000 in the last 12 months, around AED 1,504 per sqft.

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Mortgage on 515, Merano Tower

Starts from the last sale price (AED 1.45M, 5 October 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,450,000
Deposit, UAE resident (20%): AED 290,000
Deposit, non-resident (40%): AED 580,000
Monthly over 25 years at 3.7%: AED 5,932

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