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2-bed · 891 sqftMerano Tower, Business Bay · 7th floor · completed 2020

713, Merano Tower

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 713 · DLD and Ejari recordsUpdated 30 June 2024
Last soldAED 1.43M26 March 2017
Current rentAED 105K /yr30 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 713, Merano Tower

What is 713 worth today?

Last sold for AED 1,428,000 in 2017

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30 Jun 2024RentedRenewal
AED 105,000/yr12 months · AED 119 per sqft
30 Jun 2023RentedNew contract
AED 100,000/yr12 months · AED 113 per sqft
17 Jun 2022RentedNew contract
AED 80,000/yr12 months · AED 90 per sqft
30 May 2021RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
26 Mar 2017Sold by developerOff-plan
AED 1,428,000AED 1,602 per sqft

Source: Dubai Land Department. Updated 30 June 2024.

Key facts

Type
2-bed apartment
Size
891 sqft
Floor
7th of 29
Parking
B4-113, B4-114
Developer
DAMAC
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 1.43M · March 2017
Building
Merano Tower

About 713, Merano Tower

713 is a two-bedroom apartment of 891 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 26 March 2017 for AED 1,428,000, or AED 1,602 per sqft, in line with the AED 1,592 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 30 June 2024, is AED 105,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 16,900 a year.

Sales and rents for 713 over time

Sales
Unit 713, each saleTypical two-bed in Merano Tower
1.2M1.4M1.6M2016201920222025Typical sale price by year: 2016 AED 1,508,900; 2017 AED 1,509,000; 2018 AED 1,416,000; 2019 AED 1,525,000; 2020 AED 1,169,783; 2021 AED 1,171,100; 2022 AED 1,292,540; 2023 AED 1,550,000; 2024 AED 1,477,500; 2025 AED 1,425,000; 2026 AED 1,310,000Sold by developer, March 2017: AED 1,428,000 (AED 1,602 per sqft)

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

Rents
Unit 713, each contractTypical two-bed in Merano Tower
75K100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 105,000; 2026 AED 100,000New contract, May 2021: AED 70,000 a yearNew contract, June 2022: AED 80,000 a yearNew contract, June 2023: AED 100,000 a yearRenewal, June 2024: AED 105,000 a year

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 713 sits

All 84 2-beds →

713 last sold in March 2017 at AED 1,602 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,592). 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. 713's AED 105,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,450,000
17 Aug 20261,220,000
9 Jul 20261,200,000
11 May 20261,125,000
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 7th floor

All 574 units in Merano Tower
Value
7011-bedAED 990K · Dec 2025
7021-bedAED 1.06M · Apr 2017
7031-bedAED 965K · Jul 2026
704StudioAED 709K · Sep 2022
7051-bedAED 1.06M · Apr 2017
706StudioAED 537K · Jun 2020
7071-bedAED 1.06M · Nov 2017
1–7 of 20

713, Merano Tower in numbers

  • Sold once: by DAMAC on 26 March 2017 for AED 1,428,000, or AED 1,602 per sqft.
  • Rented since May 2021 on 4 Ejari contracts, from AED 70,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2017 price is 7.3%, before a service charge of about AED 16,900 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 30 June 2024.

Questions about 713, Merano Tower

What did unit 713 last sell for?

AED 1,428,000 on 26 March 2017, sold by the developer: AED 1,602 per sqft for 891 sqft. It is the only registered sale of the unit.

What is the rent for unit 713?

AED 105,000 a year on the contract renewed on 30 June 2024. The previous contract, from June 2023, was AED 100,000; the unit has been rented since May 2021.

How big is unit 713?

891 sqft (82.8 sqm): a two-bedroom apartment on the 7th floor of a 29-storey tower completed in 2020.

What is unit 713 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 713, Merano Tower

Starts from the last sale price (AED 1.43M, 26 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,428,000
Deposit, UAE resident (20%)
AED 285,600
Deposit, non-resident (40%)
AED 571,200
Monthly over 25 years at 3.7%
AED 5,842

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