Unit 2703, Merano Tower: what it sold for and what it is worth now

Unit 2703 at Merano Tower is a 1 bed of 670 sq ft. It last sold for AED 1,015,694 on 5 Sep 2023. At AED 1,493 per sq ft, from 5 sales of units ending 03 (same position in the tower), it is worth about AED 1,000,000 today.

Value todayAED 1,000,000AED 965,000 to AED 1,005,000
Last saleAED 1,015,6945 Sep 2023 · Resale
Change since last sale-1.5%Building trend alone: AED 1,018,218
Rent (median asking, 1 bed)AED 70,000Gross yield 7.0%
Bedrooms1 bed
Size670 sq ft
Floor27 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingMerano Tower by DAMAC Properties, handed over 2020
Registered sales of this unit4

Every registered sale of unit 2703

DatePriceSizeAED/sq ftType
5 Sep 2023AED 1,015,694670 sq ft1,516Resale
31 May 2022AED 775,000670 sq ft1,157Resale
29 Apr 2022AED 765,010670 sq ft1,142Resale
24 Jun 2020AED 1,041,000670 sq ft1,554Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
260328 Sep 2026AED 1,000,000670 sq ft1,493Resale
70327 Jul 2026AED 965,000670 sq ft1,440Resale
26033 Jul 2026AED 924,900670 sq ft1,380Resale
15039 Apr 2025AED 1,005,000670 sq ft1,500Resale
30320 Nov 2024AED 1,050,000670 sq ft1,567Resale
2035 Sep 2024AED 1,000,000772 sq ft1,295Resale
290320 Aug 2024AED 1,120,000670 sq ft1,672Resale
8039 May 2023AED 900,000670 sq ft1,343Resale

Latest 1 bed sales in Merano Tower

UnitDatePriceSizeAED/sq ftType
22171 Oct 2026AED 1,040,000668 sq ft1,557Resale
110728 Sep 2026AED 1,000,000668 sq ft1,497Resale
260328 Sep 2026AED 1,000,000670 sq ft1,493Resale
100718 Sep 2026AED 990,000668 sq ft1,482Resale
17179 Sep 2026AED 1,100,000668 sq ft1,647Resale
2617A26 Aug 2026AED 1,100,000753 sq ft1,461Resale
70327 Jul 2026AED 965,000670 sq ft1,440Resale
26033 Jul 2026AED 924,900670 sq ft1,380Resale

How we worked out the value

We took the 5 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,493). We multiplied it by the size of this unit (670 sq ft). The range uses the middle half of those sales (AED 1,440 to AED 1,500 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,018,218. Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 2703 at Merano Tower worth?

About AED 1,000,000 (range AED 965,000 to AED 1,005,000), based on AED 1,493 per sq ft from registered sales up to 15 Oct 2026.

When did unit 2703 last sell?

5 Sep 2023, for AED 1,015,694 (resale). It has 4 registered sales.

What rent can unit 2703 make?

A 1 bed in Merano Tower rents for about AED 70,000 a year (median asking rent). That is a gross yield of 7.0% on the estimate.

Sales alert for Merano TowerAll sales in Merano Tower

Unit 2702 · Unit 2704