1007, Merano Tower
Sold prices and rental history: sold once, by the developer in June 2016, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Merano Tower
What is 1007 worth today?
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Source: Dubai Land Department. Updated 15 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 668 sqft
- Floor
- 10th of 29
- Parking
- B1-004
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1M · June 2016
- Building
- Merano Tower
About 1007, Merano Tower
1007 is a one-bedroom apartment of 668 sqft on the 10th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 22 June 2016 for AED 1,000,000, or AED 1,497 per sqft, 7% below the AED 1,604 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 71,400 a year: a gross yield of 7.1% on the 2016 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1007 over time
1007 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Merano Tower, and where 1007 sits
All 383 1-beds →1007 last sold in June 2016 at AED 1,497 per sqft, 7% below what one-beds in Merano Tower were fetching at the time (AED 1,604). Over the last 12 months one-beds sold for AED 980,000 to 1,200,000, around AED 1,597 per sqft, and rent for AED 66,000 to 126,000 a year. 1007's AED 71,400 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 668 sqft | 1,100,000 | 1,645 | ||
| 4 Feb 20264 February 2026 | 664 sqft | 1,170,000 | 1,762 | ||
| 22 Jan 202622 January 2026 | 644 sqft | 1,200,000 | 1,863 | ||
| 15 Jan 202615 January 2026 | 668 sqft | 1,100,000 | 1,646 |
Merano Tower
Building574 apartments, studios to 3-bed over 29 floors in Business Bay, completed in 2020 by DAMAC. 16 sold in the last 12 months.
- Typical price per sqft
- AED 1,571 Down 2.3%
- Typical sale
- AED 1.19M
- Typical rent
- AED 80K /yr
- Typical yield
- 7.9%
Other units on the 10th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 616 sqft | AED 900KAED 900,000 · Aug 2023August 2023 | 85,000 /yr | |
| 1002 | 1-bed | 670 sqft | AED 1.11MAED 1,106,256 · May 2016May 2016 | 70,000 /yr | |
| 1003 | 1-bed | 670 sqft | AED 945KAED 944,720 · Nov 2021November 2021 | ||
| 1004 | Studio | 398 sqft | AED 740KAED 740,000 · Jan 2024January 2024 | 55,000 /yr | |
| 1005 | 1-bed | 669 sqft | AED 1.06MAED 1,060,000 · Mar 2025March 2025 | 80,000 /yr | |
| 1006 | Studio | 331 sqft | AED 650KAED 650,000 · Oct 2023October 2023 | 67,000 /yr | |
| 1008 | 771 sqft | AED 1.2MAED 1,200,000 · Oct 2025October 2025 | 90,000 /yr | ||
| 1009 | 1-bed | 635 sqft | AED 1.31MAED 1,311,997 · Jul 2016July 2016 | 54,000 /yr | |
| 1010 | 1-bed | 635 sqft | AED 1.31MAED 1,311,997 · Jul 2016July 2016 | 80,000 /yr | |
| 1011 | 1-bed | 644 sqft | AED 1.01MAED 1,014,728 · Jun 2016June 2016 | 85,000 /yr | |
| 1012 | 644 sqft | AED 1.04MAED 1,040,000 · Sep 2025September 2025 | 62,711 /yr | ||
| 1013 | 2-bed | 891 sqft | AED 1.52MAED 1,520,000 · Feb 2024February 2024 | 125,000 /yr | |
| 1014 | 2-bed | 956 sqft | AED 1.5MAED 1,500,000 · Dec 2025December 2025 | 120,000 /yr | |
| 1015 | 2-bed | 991 sqft | AED 1.58MAED 1,577,600 · Jul 2016July 2016 | 100,000 /yr | |
| 1016 | 1-bed | 662 sqft | AED 655KAED 655,000 · Sep 2020September 2020 | 80,000 /yr | |
| 1017 | 3-bed | 1,455 sqft | AED 2.31MAED 2,309,000 · Apr 2017April 2017 | 160,000 /yr | |
| 1018 | 1-bed | 668 sqft | AED 1.01MAED 1,010,000 · Dec 2023December 2023 | 73,000 /yr | |
| 1019 | 1-bed | 668 sqft | AED 1.11MAED 1,110,000 · Feb 2025February 2025 | 93,000 /yr | |
| 1020 | Studio | 334 sqft | AED 770KAED 770,000 · Jan 2025January 2025 |
1007, Merano Tower in numbers
- Sold once: by DAMAC on 22 June 2016 for AED 1,000,000, or AED 1,497 per sqft.
- Rented since August 2022 on 3 Ejari contracts, from AED 62,000 to AED 71,400 a year.
- At AED 71,400 a year the gross yield on the 2016 price is 7.1%, before a service charge of about AED 12,700 a year (AED 19.02 per sqft).
- One-beds in Merano Tower sold for AED 980,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,571 per sqft.
Source: Dubai Land Department. Updated 15 September 2024.
Questions about 1007, Merano Tower
What did unit 1007 last sell for?
AED 1,000,000 on 22 June 2016, sold by the developer: AED 1,497 per sqft for 668 sqft. It is the only registered sale of the unit.
What is the rent for unit 1007?
AED 71,400 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 68,000; the unit has been rented since August 2022.
How big is unit 1007?
668 sqft (62.1 sqm): a one-bedroom apartment on the 10th floor of a 29-storey tower completed in 2020.
What is unit 1007 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Merano Tower sold for AED 980,000 to 1,200,000 in the last 12 months, around AED 1,597 per sqft.
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Mortgage on 1007, Merano Tower
Starts from the last sale price (AED 1M, 22 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →