Merano Tower by Damac Properties

Merano Tower is a 29-story residential complex located in the dynamically developing business district of Business Bay. The tower is built by DAMAC Properties, one of the leading developers in the Middle East, Europe, and America. The project offers studios and apartments with 1-3 bedrooms for purchase.

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$ 212 000
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About the Project

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a dynamically developing area

Merano Tower in Business Bay

Merano Tower is located on the Dubai Canal, near Burj Khalifa, Dubai Mall, and Dubai Fountain. The project successfully complements the architectural ensemble of the area, which has become to Dubai what Manhattan is to New York. In Business Bay, it is easy to lead a cosmopolitan lifestyle, develop a business, and build a family life. The area includes residential, commercial, and hotel buildings, as well as a number of high-class hotels, such as JW Marriott Marquis, and many entertainment and shopping centers.

Merano Tower offers studios and apartments with 1-3 bedrooms. The studio area ranges from 30 sq. m to 69 sq. m and includes a kitchen, bathroom, and sleeping area. The area of apartments with 1-3 bedrooms ranges from 58 sq. m to 136 sq. m. One-bedroom residences include a living room, bathroom, kitchen, and balcony, while 2-3 bedroom properties are additionally equipped with a dining room, extra toilet, bathroom, and balcony.

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Key Benefits

As of the first quarter of 2023, the minimum price for a studio in Merano Tower is AED 600,000 (USD 163,000), and the cost of one-bedroom apartments starts at AED 780,000 (USD 212,000).

  • underground parking
  • 24-hour security
  • CCTV system
  • pet-friendly
  • equipped gym
  • temperature-controlled lounge pool
  • sauna and steam room
  • concierge services
  • children's play area
  • keyless entry system
  • learn more

Residents of Merano Tower complex are offered the following amenities: underground parking, 24-hour security, video surveillance system, pet-friendly living conditions, equipped gym, temperature-controlled lounge pool, sauna and steam room, concierge services, and a children's playground. For secure access to apartments, a system of locks and keys is provided, and smoke detectors are installed throughout the building as a precautionary measure.

Infrastructure

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The Merano Tower residential complex is located on Marasi Drive with quick access to Sheikh Zayed Road. Within a five-minute walk, there are three metro stations and three bus stops. There are many shops and F&B establishments nearby, and ZOOM and W Mart Fresh supermarkets are within walking distance. The Indian and Arabic cuisine restaurant Herbz is a five-minute walk away, and Pakistani cuisine is served at Bay Inn.

Medcare Hospital, an adult clinic, can be reached in a couple of minutes on foot. The specialized children's hospital Al Jalila can be reached in 20 minutes by car. The Maple Bear nursery is located near the residential complex, and the nearest school is a quarter-hour drive away.

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Location

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5-15 minutes

Dubai International Financial Centre (DIFC), Dubai Fountain, Dubai Mall, Burj Khalifa

25-35 minutes

Dubai Media City, Palm Jumeirah, Dubai International Airport (DXB).

The Merano Tower project is located in close proximity to Dubai's main highways, providing quick access to key locations in the emirate. To get to DIFC or the city center, it will take no more than 15 minutes by car. The road to Dubai International Airport will take only 30 minutes. Safa Park is a 10-minute drive away. It takes half an hour to get to the man-made island of Palm Jumeirah.

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advantages of the project

Economic Attractiveness

Real estate in Merano Tower is suitable for both personal living and prospective investment. One of the key advantages of this residential complex is its location in Business Bay, the main business center of Dubai. The area is popular among business and family people, tourists, and anyone who seeks to change their life for the better.

UAE residency visa

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In 2023, the minimum price for annual rent of furnished one-bedroom apartments in the Business Bay area is AED 65,000 (USD 18,000). Purchasing property in Merano Tower allows for obtaining one of the residency visas. Owners of apartments worth AED 750,000 (USD 204,000) can apply for a two-year residency visa. If the purchased property exceeds AED 2 million (USD 545,000), its owner will receive a "Golden Visa" valid for 10 years.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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