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1-bed · 669 sqftMerano Tower, Business Bay · 6th floor · completed 2020

605, Merano Tower

Sold prices and rental history: sold twice, last in March 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 14 March 2024
Last soldAED 1.08M14 March 2024
Current rentAED 52K /yr11 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 605, Merano Tower

What is 605 worth today?

Last sold for AED 1,077,000 in 2024

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14 Mar 2024SoldReady
AED 1,077,000AED 1,609 per sqft
11 Mar 2022RentedRenewal
AED 51,750/yr12 months · AED 77 per sqft
11 Mar 2021RentedNew contract
AED 45,000/yr12 months · AED 67 per sqft
11 Nov 2019Sold by developerOff-plan
AED 1,077,000AED 1,609 per sqft

Source: Dubai Land Department. Updated 14 March 2024.

Key facts

Type
1-bed apartment
Size
669 sqft
Floor
6th of 29
Parking
B3-036
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.08M · March 2024
Building
Merano Tower

About 605, Merano Tower

605 is a one-bedroom apartment of 669 sqft on the 6th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 14 March 2024 for AED 1,077,000, or AED 1,609 per sqft, 6% above the AED 1,516 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 11 March 2022, is AED 51,750 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 605 over time

Sales
Unit 605, 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, November 2019: AED 1,077,000 (AED 1,609 per sqft)Sold, March 2024: AED 1,077,000 (AED 1,609 per sqft)

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

Rents
Unit 605, 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, March 2021: AED 45,000 a yearRenewal, March 2022: AED 51,750 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 605 sits

All 397 1-beds →

605 last sold in March 2024 at AED 1,609 per sqft, 6% above what one-beds in Merano Tower were fetching at the time (AED 1,516). 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. 605's AED 51,750 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 6th floor

All 574 units in Merano Tower
Value
6011-bedAED 1.04M · Dec 2022
6021-bedAED 1.07M · Jan 2017
6031-bedAED 1.09M · Jun 2016
604StudioAED 708K · Aug 2022
606StudioAED 409K · Nov 2020
6071-bedAED 934K · Jun 2016
6081-bedAED 1.26M · Jul 2017
1–7 of 20

605, Merano Tower in numbers

  • Sold twice: first on 11 November 2019 for AED 1,077,000, last on 14 March 2024 for AED 1,077,000 (AED 1,609 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, from AED 45,000 to AED 51,750 a year.
  • At AED 51,750 a year the gross yield on the 2024 price is 4.8%, 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 14 March 2024.

Questions about 605, Merano Tower

What did unit 605 last sell for?

AED 1,077,000 on 14 March 2024: AED 1,609 per sqft for 669 sqft. The unit has 2 registered sales; the first was AED 1,077,000 in November 2019.

What is the rent for unit 605?

AED 51,750 a year on the contract renewed on 11 March 2022. The previous contract, from March 2021, was AED 45,000.

How big is unit 605?

669 sqft (62.2 sqm): a one-bedroom apartment on the 6th floor of a 29-storey tower completed in 2020.

What is unit 605 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 605, Merano Tower

Starts from the last sale price (AED 1.08M, 14 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,077,000
Deposit, UAE resident (20%)
AED 215,400
Deposit, non-resident (40%)
AED 430,800
Monthly over 25 years at 3.7%
AED 4,406

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