Home
Dubai prices
About
Research
1-bed · 662 sqftMerano Tower, Business Bay · 11th floor · completed 2020

1116, Merano Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1116 · DLD and Ejari recordsUpdated 15 July 2025
Last soldAED 1.02M2 August 2016
Current rentAED 85K /yr15 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1116

Property timeline for 1116, Merano Tower

What is 1116 worth today?

Last sold for AED 1,022,768 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Jul 2025RentedNew contract
AED 85,000/yr12 months · AED 128 per sqft
7 May 2024RentedNew contract
AED 90,000/yr12 months · AED 136 per sqft
2 Aug 2016Sold by developerOff-plan
AED 1,022,768AED 1,544 per sqft

Source: Dubai Land Department. Updated 15 July 2025.

Key facts

Type
1-bed apartment
Size
662 sqft
Floor
11th of 29
Parking
B1-023
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.02M · August 2016
Building
Merano Tower

About 1116, Merano Tower

1116 is a one-bedroom apartment of 662 sqft on the 11th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 August 2016 for AED 1,022,768, or AED 1,544 per sqft, 4% below the AED 1,607 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 15 July 2025, is AED 85,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1116 over time

Sales
Unit 1116, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,059,200; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,084,000; 2020 AED 995,000; 2021 AED 804,000; 2022 AED 997,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,130,000Sold by developer, August 2016: AED 1,022,768 (AED 1,544 per sqft)

1116 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1116, each contractTypical one-bed in Merano Tower
50K75K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 80,000New contract, May 2024: AED 90,000 a yearNew contract, July 2025: AED 85,000 a year

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 1116 sits

All 383 1-beds →

1116 last sold in August 2016 at AED 1,544 per sqft, 4% below what one-beds in Merano Tower were fetching at the time (AED 1,607). 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. 1116's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20261,100,000
4 Feb 20261,170,000
22 Jan 20261,200,000
15 Jan 20261,100,000
10 1-bed sales in the last 12 months

Merano Tower

Building

574 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%
Merano Tower, Business Bay: prices, sales and rents →

Other units on the 11th floor

All 574 units in Merano Tower
Value
11011-bedAED 990K · Jun 2016
11021-bedAED 1.07M · Jul 2016
11031-bedAED 1.07M · Jul 2016
1104StudioAED 715K · May 2024
11051-bedAED 1.38M · Dec 2024
1106StudioAED 575K · Sep 2019
11071-bedAED 690K · Jun 2021
1–7 of 20

1116, Merano Tower in numbers

  • Sold once: by DAMAC on 2 August 2016 for AED 1,022,768, or AED 1,544 per sqft.
  • Rented since May 2024 on 2 Ejari contracts, from AED 90,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2016 price is 8.3%, before a service charge of about AED 12,600 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 July 2025.

Questions about 1116, Merano Tower

What did unit 1116 last sell for?

AED 1,022,768 on 2 August 2016, sold by the developer: AED 1,544 per sqft for 662 sqft. It is the only registered sale of the unit.

What is the rent for unit 1116?

AED 85,000 a year on the contract signed on 15 July 2025. The previous contract, from May 2024, was AED 90,000.

How big is unit 1116?

662 sqft (61.5 sqm): a one-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.

What is unit 1116 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.

Selling 1116? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1116, Merano Tower

Starts from the last sale price (AED 1.02M, 2 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,022,768
Deposit, UAE resident (20%)
AED 204,554
Deposit, non-resident (40%)
AED 409,107
Monthly over 25 years at 3.7%
AED 4,184

Plus AED 47,967 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →