About Merano Tower
Merano Tower is a residential tower by DAMAC Properties, in Business Bay, Dubai. It rises 30 storeys (4 basement levels, a ground floor, 1 podium level, 28 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 581 homes.
Key information
Developer
DAMAC Properties
- Handover
- Q1 2020
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2015
- Number of buildings
- 1
- Number of units
- 581
- Registered with DLD
- 31 Aug 2015
- Escrow bank
- Abu Dhabi Commercial Bank
- Escrow account no.
- 10346530159001
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2015
- Handed overQ1 2020
Construction progress
91 inspection photos from the Dubai Land Department. Latest 27 Feb 2020 at 100% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
8 Elevators
29 Floors
Retail & Shops
576 Residential Units
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
825
Median price
AED 1.1M
Median price / sqft
AED 2K+0%
Off-plan share
50%
Priced 6% below than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 123 | 358 sqft | AED 612K | AED 2K |
| 1 Bed | 559 | 709 sqft | AED 1.0M | AED 1K |
| 2 Bed | 128 | 971 sqft | AED 1.4M | AED 1K |
| 3 Bed | 15 | 1,328 sqft | AED 2.3M | AED 2K |
Price per sqft by year
+0% since 2016AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 26 Aug 2026 | Resale | 753 sqft | AED 1.1M | AED 1K |
| 17 Aug 2026 | Resale | 969 sqft | AED 1.2M | AED 1K |
| 27 Jul 2026 | Resale | 670 sqft | AED 965K | AED 1K |
| 09 Jul 2026 | Resale | 956 sqft | AED 1.2M | AED 1K |
| 03 Jul 2026 | Resale | 670 sqft | AED 925K | AED 1K |
| 11 May 2026 | Resale | 891 sqft | AED 1.1M | AED 1K |
| 07 Apr 2026 | Resale | 644 sqft | AED 1.1M | AED 2K |
| 02 Apr 2026 | Resale | 644 sqft | AED 945K | AED 1K |
Unit mix
581 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Shop | 5 | - |
| Studio | 83 | - |
| 1 B/R | 398 | - |
| 2 B/R | 84 | - |
| 3 B/R | 11 | - |
Payment plan
Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Merano Tower has already been handed over (Q1 2020), according to Dubai Land Department records.
