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Merano Tower, Business Bay

Merano Tower, Business Bay

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Business Bay, Dubai

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Strengths

Modern design

Prime location

Comprehensive amenities

Weakens

High rental prices

Traffic congestion

Limited parking

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Buildign Overview

Summary

  • Merano Tower is a prestigious residential skyscraper located in the heart of Business Bay, Dubai. It boasts stunning views of the Burj Khalifa and Dubai Canal.
  • The building is conveniently situated near major highways, providing easy access to the rest of the city. It also benefits from proximity to key landmarks such as The Dubai Mall and the Dubai Opera.
  • Merano Tower is surrounded by various commercial establishments, enhancing its appeal as a vibrant urban living space.

Properties Overview

  • The tower features a variety of residential units, including studio, one-bedroom, and two-bedroom apartments, catering to diverse preferences.
  • Rental prices for apartments range from AED 60,000 for studios to AED 130,000 for larger units, while sales prices typically vary from AED 1 million to AED 2 million, based on size and floor level.

Market Trends

  • In the past year, rental prices in Business Bay have observed a steady increase of approximately 5%, with investors seeing a promising return on investment (ROI) averaging around 6% annually.
  • The demand for properties in Merano Tower has risen, fueled by its luxurious features and prime location, with expectations for continued price appreciation in the future.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy easy access to several supermarkets, including Spinneys and Carrefour, along with educational institutions like GEMS Wellington Academy and healthcare facilities such as NMC Hospital and American Hospital Dubai.

Transportation and Accessibility

  • Public transportation is readily accessible, with the Business Bay Metro station just a short distance away, as well as ample parking space for residents and visitors.

Lifestyle Amenities

  • Merano Tower offers a range of lifestyle amenities, including a state-of-the-art gym, outdoor swimming pool, and nearby restaurants and cafes. Residents can also access luxury hotels like the JW Marriott Marquis, enhancing the lifestyle experience.

Builing Facilities

  • The tower is equipped with high-speed elevators, 24-hour security, central air conditioning, and comprehensive maintenance services to ensure a comfortable living environment.

Special Services

  • Additional services include concierge assistance, guest services, and business center facilities that cater to residents' professional needs, making it suitable for business executives.

Planning Your Move or Investment

Floor Plans and Property Types

  • Merano Tower offers an array of thoughtfully designed floor plans, suitable for singles, couples, and families, focusing on modern luxury and convenience.

Things to Consider

  • Potential residents and buyers are advised to consider factors such as community benefits, proximity to workplaces, and accessibility to recreational areas while making decisions about their investments.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents can partake in various community-building events, including social gatherings, festive celebrations, and wellness workshops, contributing to a sense of belonging and community.

Community Identity

  • Merano Tower's distinctive architecture and luxurious amenities establish its identity as a premier living destination, setting it apart in Dubai's competitive real estate market.

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Detailed Buiding Insights

1. Family Friendliness

Merano Tower has limited play areas for children and family-oriented events, making it somewhat suitable for families, but with opportunities for improvement.

Moderately Welcoming

2. Living Options

The tower offers a range of living options from studio apartments to larger units, appealing to both singles and families in a modern setting.

Diverse and Modern

3. Safety And Security

The building is equipped with advanced security systems including CCTV and access control, ensuring a high level of safety for residents.

Very Secure

4. Transportation

Located in Business Bay, the tower has immediate access to major roads and public transportation, allowing easy commutes to various areas of Dubai.

Highly Convenient

5. Amenities And Facilities

Merano Tower boasts a range of amenities including a gym, swimming pool, and leisure areas, enhancing the lifestyle experience for its residents.

Richly Equipped

6. Cost Of Living

While the cost of living is on the higher side due to the prime location, it remains balanced with the quality of living and amenities provided.

Relatively Balanced

7. Things To Do

There are numerous dining and entertainment options nearby, contributing to a vibrant lifestyle with plenty of activities for residents.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy area, the tower's soundproofing and design minimize noise pollution, providing a relatively peaceful living environment.

Generally Peaceful

9. Pet Friendliness

The building allows pets, with some specific regulations, making it a suitable choice for pet owners looking for a welcoming environment.

Warmly Accommodating

Schools

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Key Information

Developer: DAMAC Properties.

Building Type: Residential

Unit Types : studio units and 1, 2 and 3-bedroom units

Floors: 29

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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