Merano Tower

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    Merano Tower is a new premium-class residential tower by DAMAC located in Business Bay. It is located 4 kilometers from the Persian Gulf right next to the Dubai Water Canal, and in the near vicinity of the main attractions of the Emirate. The 29-storey building with 576 apartments has already been put into service. Among the properties available for purchase, it features 327-sq. ft. studios as well as apartments with 1, 2, and 3 bedrooms with a floor area starting at 645.8 sq. ft.

    Merano Tower Apartment Prices (AED, USD)

    The new residential complex is built in a modern urbanistic style with each of its elements thoroughly considered to provide the residents with the maximum level of comfort and esthetic pleasure. Apartments are distinguished by skillful planning and premium-quality finishing. They all have panoramic floor-to-ceiling windows ensuring bright natural lighting in every room. Most apartments have balconies or terraces. Every residence provides views of the unique azure waters of the Persian Gulf, Dubai Water Canal, or the city’s panorama. Apartments are equipped with stylish in-built kitchens, satellite TV, and partially with consumer electronics.

    The starting price for a studio in Merano Tower is AED 400 000 (USD 109 000). 1-bedroom apartments start at AED 700 000 or about USD 190 000.

    The residential complex is located amid a green garden. At the entrance into the tower, there’s a cozy and elegant vestibule with reception. The building features 8 elevators. Besides, Merano Tower residents have access to a wide range of amenities and services:

    • Round-the-clock concierge service;
    • 24/7 security;
    • A premium-grade fitness center with modern equipment;
    • Swimming pool with temperature regulation;
    • Hot room and sauna;
    • Large parking (one space per apartment).

    Location Advantages and Transport Accessibility

    The new residential tower’s main advantage is its unique location. Merano Tower is located in the center of Dubai, in Business Bay that provides access to the business part of the Emirate’s life. This neighborhood is frequently compared to New York’s Lower Manhattan. It features commercial and residential buildings, luxurious hotels, multiple entertainment options, some of the best design shops and fashionable boutiques, elite cafes, and lounge bars.

    Merano Tower is located close to the metro station and two Dubai's main highways, Sheikh Zayed Road and Al Khail Road, so the residents can get to any part of the city.

    It takes 15 minutes of walking to the Business Bay metro station while the walk to Burj Khalifa and Dubai Mall Metro Station will take half an hour. It takes just a 13-minute drive to get to the Dubai International Airport via Sheikh Zayed Road.

    Generally, it takes a relatively short walk or ride in order to get to the most important attractions and iconic places of Dubai:

    • Burj Khalifa – 10 minutes by car or 30-35 minutes on foot;
    • The Dubai Fountain – 6-7 minutes by car or 33 minutes on foot;
    • Dubai International Financial Centre – 7 minutes by car;
    • Jumeirah Beach – 10 minutes by car;
    • Dubai World Trade Centre – 9 minutes by car;
    • Mall of the Emirates – 12-14 minutes by car.

    Return on Investment in Merano Tower

    There are several major reasons to invest in Merano Tower. Apartments are located in the center of Dubai near the metro station, and in one the most popular districts of the city. Real estate investments in Business Bay are distinguished by a rather high ROI. On average, it costs AED 32,000 annually to rent a studio in Merano Tower, while renting a 1-bedroom apartment costs AED 44,000. At these prices, the return on investment in a studio could be as high as 7.8%, while a 1-bedroom apartment can generate up to 6.4%.

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