Home
Dubai prices
About
Research
1-bed · 753 sqftMerano Tower, Business Bay · 5th floor · completed 2020

517A, Merano Tower

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

Unit 517A · DLD and Ejari recordsUpdated 28 August 2023
Last soldAED 1.08M28 August 2023
Current rentAED 60K /yr5 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 517A

Property timeline for 517A, Merano Tower

What is 517A worth today?

Last sold for AED 1,075,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Aug 2023SoldReady
AED 1,075,000AED 1,427 per sqft
5 Jan 2023RentedRenewal
AED 60,000/yr12 months · AED 80 per sqft
5 Jan 2022RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft
7 Dec 2020RentedNew contract
AED 42,000/yr12 months · AED 56 per sqft
14 Sep 2020Sold by developerReady
AED 931,520AED 1,237 per sqft

Source: Dubai Land Department. Updated 28 August 2023.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
5th of 29
Parking
B3-030
Developer
DAMAC
Completed
2020
Service charge
AED 14,300 /yr
Last sold
AED 1.08M · August 2023
Building
Merano Tower

About 517A, Merano Tower

517A is a one-bedroom apartment of 753 sqft on the 5th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 28 August 2023 for AED 1,075,000, or AED 1,427 per sqft, 5% below the AED 1,505 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 5 January 2023, is AED 60,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 14,300 a year.

Sales and rents for 517A over time

Sales
Unit 517A, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,061,015; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,098,000; 2020 AED 995,000; 2021 AED 805,000; 2022 AED 982,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,075,000Sold by developer, September 2020: AED 931,520 (AED 1,237 per sqft)Sold, August 2023: AED 1,075,000 (AED 1,427 per sqft)

517A has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 517A, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 75,000New contract, December 2020: AED 42,000 a yearNew contract, January 2022: AED 50,000 a yearRenewal, January 2023: AED 60,000 a year

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 517A sits

All 397 1-beds →

517A last sold in August 2023 at AED 1,427 per sqft, 5% below what one-beds in Merano Tower were fetching at the time (AED 1,505). 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. 517A's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 20261,040,000
28 Sep 20261,000,000
28 Sep 20261,000,000
18 Sep 2026990,000
21 1-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
Value
5011-bedAED 965K · Nov 2016
5021-bedAED 738K · Sep 2020
5031-bedAED 1.08M · May 2020
504StudioAED 632K · Jun 2020
5051-bedAED 1.06M · Oct 2017
506StudioAED 660K · May 2023
5071-bedAED 1.02M · Jun 2016
1–7 of 19

517A, Merano Tower in numbers

  • Sold twice: first on 14 September 2020 for AED 931,520, last on 28 August 2023 for AED 1,075,000 (AED 1,427 per sqft).
  • Rented since December 2020 on 3 Ejari contracts, from AED 42,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 14,300 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 28 August 2023.

Questions about 517A, Merano Tower

What did unit 517A last sell for?

AED 1,075,000 on 28 August 2023: AED 1,427 per sqft for 753 sqft. The unit has 2 registered sales; the first was AED 931,520 in September 2020.

What is the rent for unit 517A?

AED 60,000 a year on the contract renewed on 5 January 2023. The previous contract, from January 2022, was AED 50,000; the unit has been rented since December 2020.

How big is unit 517A?

753 sqft (70.0 sqm): a one-bedroom apartment on the 5th floor of a 29-storey tower completed in 2020.

What is unit 517A 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 517A? 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.

How OpenOffers works

Mortgage on 517A, Merano Tower

Starts from the last sale price (AED 1.08M, 28 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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