Merano Tower
✓ Resale Available

Merano Tower

From AED 1.58M·Completed Jan 2020·100% down payment Payment
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AED 1.58M
Starting Price
Jan 2020
Handover
100% down payment
Payment Plan
1 BR · Apartments
Type

Project Overview

Merano Tower is a residential project by DAMAC Properties, located in the Business Bay district. The building includes four basement levels, a ground floor, a podium level and twenty-eight residential floors. The architecture is designed in a contemporary minimalist style with an emphasis on clean lines and panoramic glazing. The project features studios and one-, two-, and three-bedroom apartments. Interiors are designed in a modern aesthetic using a neutral color palette and high-quality materials. The spaces are defined by functionality, while panoramic windows provide a high level of natural light and offer views of the city skyline and the canal. Residents benefit from infrastructure designed for everyday comfort, including a swimming pool, fitness center, landscaped green areas, an elegant lobby with a reception, parking, and 24/7 security. The location in Business Bay allows for quick access to key destinations across the city. Dubai Mall and Burj Khalifa are 9 minutes away, Jumeirah Beach — also 9 minutes, Mall of the Emirates and an international school — 10 minutes, Dubai International Airport — 13 minutes, Burj Al Arab — 14 minutes, and Palm Jumeirah and Dubai Yacht Harbour — 16 minutes.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types1 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 68,177 / year
Cash-on-Cash
1.8%
Levered cashflow AED 16,037
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 102,700 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Merano Tower launch basis1,756AED 1.58MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

Merano Tower — View 2
Merano Tower — View 3
Merano Tower — View 4
Merano Tower — View 5
Merano Tower — View 6
Merano Tower — View 7
Merano Tower — View 8
Merano Tower official render 1

Merano Tower official render 1

Merano Tower official render 2

Merano Tower official render 2

Merano Tower official render 3

Merano Tower official render 3

Merano Tower official render 4

Merano Tower official render 4

Merano Tower official render 5

Merano Tower official render 5

Merano Tower official render 6

Merano Tower official render 6

Merano Tower official render 7

Merano Tower official render 7

Merano Tower official render 8

Merano Tower official render 8

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Merano Tower — 1 Bedroom Floor Plan

Amenities & Lifestyle

Accessibility for people with disabilities
Broadband Internet
Dining outlets (coffee houses & restaurants)
Landscape Open Areas
Leisure areas
Lift
Lobby
Parking
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone
Temperature-Controlled Swimming Pool

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Merano Tower by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,580,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Jan 2020

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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