704, Merano Tower
Sold prices and rental history: sold once, by the developer in September 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Merano Tower
What is 704 worth today?
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Source: Dubai Land Department. Updated 13 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 7th of 29
- Parking
- B4-036
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 709K · September 2022
- Building
- Merano Tower
About 704, Merano Tower
704 is a studio of 398 sqft on the 7th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 27 September 2022 for AED 709,000, or AED 1,781 per sqft, 20% above the AED 1,489 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 13 January 2026, is AED 60,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 7,600 a year.
Sales and rents for 704 over time
704 has sold once; 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 704 sits
All 82 studios →704 last sold in September 2022 at AED 1,781 per sqft, 20% above what studios in Merano Tower were fetching at the time (AED 1,489). 704's AED 60,000 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 7th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 616 sqft | AED 990KAED 990,000 · Dec 2025December 2025 | 68,000 /yr | |
| 702 | 1-bed | 663 sqft | AED 1.06MAED 1,061,000 · Apr 2017April 2017 | 70,000 /yr | |
| 703 | 1-bed | 670 sqft | AED 965KAED 965,000 · Jul 2026July 2026 | 80,000 /yr | |
| 705 | 1-bed | 669 sqft | AED 1.06MAED 1,061,000 · Apr 2017April 2017 | 65,000 /yr | |
| 706 | Studio | 331 sqft | AED 537KAED 537,000 · Jun 2020June 2020 | 38,640 /yr | |
| 707 | 1-bed | 668 sqft | AED 1.06MAED 1,061,000 · Nov 2017November 2017 | 100,000 /yr | |
| 708 | 1-bed | 771 sqft | AED 1.12MAED 1,123,000 · Sep 2021September 2021 | ||
| 709 | 1-bed | 644 sqft | AED 1MAED 1,000,000 · Jul 2024July 2024 | 69,000 /yr | |
| 710 | 1-bed | 644 sqft | AED 1.15MAED 1,150,000 · Mar 2026March 2026 | ||
| 711 | 1-bed | 635 sqft | AED 1.02MAED 1,018,000 · Aug 2017August 2017 | 70,131 /yr | |
| 712 | 1-bed | 635 sqft | AED 1.02MAED 1,016,000 · Aug 2017August 2017 | 68,736 /yr | |
| 713 | 2-bed | 891 sqft | AED 1.43MAED 1,428,000 · Mar 2017March 2017 | 105,000 /yr | |
| 714 | 2-bed | 956 sqft | AED 1.51MAED 1,509,000 · Dec 2016December 2016 | 130,000 /yr | |
| 715 | 2-bed | 991 sqft | AED 1.57MAED 1,573,000 · Apr 2017April 2017 | 60,000 /yr | |
| 716 | 1-bed | 662 sqft | AED 1.05MAED 1,050,000 · Dec 2024December 2024 | 85,000 /yr | |
| 717 | 1-bed | 668 sqft | AED 1.13MAED 1,128,000 · Jul 2023July 2023 | ||
| 718 | 1-bed | 668 sqft | AED 1.06MAED 1,060,000 · May 2017May 2017 | ||
| 719 | 1-bed | 668 sqft | AED 1.08MAED 1,075,000 · Nov 2024November 2024 | 80,000 /yr | |
| 720 | Studio | 334 sqft | AED 596KAED 596,000 · Dec 2016December 2016 | 50,000 /yr | |
| 717A | 1-bed | 753 sqft | AED 1.26MAED 1,264,200 · Nov 2022November 2022 | 67,000 /yr |
704, Merano Tower in numbers
- Sold once: by DAMAC on 27 September 2022 for AED 709,000, or AED 1,781 per sqft.
- Rented since March 2023 on 5 Ejari contracts, from AED 55,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 13 January 2026.
Questions about 704, Merano Tower
What did unit 704 last sell for?
AED 709,000 on 27 September 2022, sold by the developer: AED 1,781 per sqft for 398 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 60,000 a year on the contract signed on 13 January 2026. The previous contract, from December 2024, was AED 58,000; the unit has been rented since March 2023.
How big is unit 704?
398 sqft (37.0 sqm): a studio on the 7th floor of a 29-storey tower completed in 2020.
What is unit 704 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 704, Merano Tower
Starts from the last sale price (AED 709K, 27 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 709,000
- Deposit, UAE resident (20%)
- AED 141,800
- Deposit, non-resident (40%)
- AED 283,600
- Monthly over 25 years at 3.7%
- AED 2,901
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →