Merano Tower

P1 — Delivered Off-Plan Primary
Developer Damac Properties
Community Business Bay
Property type Apartment
Data updated Apr 02, 2026

Merano Tower is a Delivered development by Damac Properties in Business Bay. 576 units across 1 Bedroom (69%), 2 Bedroom (15%), Studio (14%). Over the trailing 12 months, 828 sales at a median of AED 1,100,000.

Key Metrics
Median Price
Value
AED 1,100,000
Change
2.8% YoY
Transactions
Value
828
Change
52 in period
Price / sqft
Value
AED 1,577
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 1,100,000
↑ 2.8% YoY
Transactions
828
↑ 52 in period
Price / sqft
AED 1,577
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
8.0%
Holding Period
Value
2.4 yrs
Liquidity
Value
9.3%
Price Dispersion
Value
15.4%
Ready Market Mix
Value
0.0%
Rental Activity
Value
67.6%
Capital Return
8.0%
Holding Period
2.4 yrs
Liquidity
9.3%
Price Dispersion
15.4%
Ready Market Mix
0.0%
Rental Activity
67.6%

Rental Performance

Rental Volume
Value
2,385
Avg Annual Rent
Value
AED 67,886
New Leases
Value
67.2%
Renewals
Value
32.8%
Rental Volume
2,385
Avg Annual Rent
AED 67,886
New Leases
67.2%
Renewals
32.8%

Unit Mix

By bedroom type
Studio 83 units · 14%
1 Bedroom 398 units · 69%
2 Bedroom 84 units · 15%
3 Bedroom 11 units · 2%

Transaction Breakdown

All time — 828 transactions
Off-Plan Primary
412
Off-Plan Secondary
6
Ready Primary
162
Ready Secondary
248

Price History

Median Price — Merano Tower

Median prices in Merano Tower have declined significantly, down 32% to AED 945K over the past 13 months.

Recent Transactions

Showing last 10 of 828
Date Type Price (AED) Size (sqft) AED/sqft
Apr 02, 2026 RP Secondary 945,000 644 1,466
Mar 17, 2026 RP Secondary 1,400,000 891 1,571
Mar 12, 2026 RP Secondary 1,150,000 644 1,785
Feb 26, 2026 RP Secondary 1,430,000 891 1,604
Feb 13, 2026 RP Secondary 1,100,000 668 1,645
Feb 10, 2026 RP Secondary 1,400,000 891 1,571
Feb 04, 2026 RP Secondary 1,170,000 663 1,762
Jan 22, 2026 RP Secondary 1,200,000 644 1,863
Jan 15, 2026 RP Secondary 1,100,000 668 1,646
Jan 07, 2026 RP Secondary 1,130,000 752 1,500

This project is in Business Bay

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