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1-bed · 753 sqftMerano Tower, Business Bay · 11th floor · completed 2020

1117A, Merano Tower

Sold prices and rental history: sold twice, last in February 2024, and rented once, from October 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1117A · DLD and Ejari recordsUpdated 14 February 2024
Last soldAED 1.38M14 February 2024
Current rentAED 67K /yr29 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1117A, Merano Tower

What is 1117A worth today?

Last sold for AED 1,377,500 in 2024

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14 Feb 2024SoldReady
AED 1,377,500AED 1,829 per sqft
29 Oct 2020RentedNew contract
AED 67,000/yr12 months · AED 89 per sqft
12 Nov 2019Sold by developerOff-plan
AED 1,239,000AED 1,645 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 February 2024.

Key facts

Type
1-bed apartment
Size
753 sqft
Floor
11th of 29
Parking
B1-025
Developer
DAMAC
Completed
2020
Service charge
AED 14,300 /yr
Last sold
AED 1.38M · February 2024
Building
Merano Tower

About 1117A, Merano Tower

1117A is a one-bedroom apartment of 753 sqft on the 11th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 14 February 2024 for AED 1,377,500, or AED 1,829 per sqft, 21% above the AED 1,506 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 October 2020. The current contract, signed on 29 October 2020, is AED 67,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1117A over time

Sales
Unit 1117A, each saleTypical one-bed in Merano Tower
1M2016201920222025Typical 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, November 2019: AED 1,239,000 (AED 1,645 per sqft)Sold, February 2024: AED 1,377,500 (AED 1,829 per sqft)

1117A has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1117A, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical 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, October 2020: AED 67,000 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 1117A sits

All 383 1-beds →

1117A last sold in February 2024 at AED 1,829 per sqft, 21% above what one-beds in Merano Tower were fetching at the time (AED 1,506). 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. 1117A's AED 67,000 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

1117A, Merano Tower in numbers

  • Sold twice: first on 12 November 2019 for AED 1,239,000, last on 14 February 2024 for AED 1,377,500 (AED 1,829 per sqft).
  • Rented since October 2020 on one Ejari contract, at AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 14,300 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: YallaValue analysis of Dubai Land Department records. Updated 14 February 2024.

Questions about 1117A, Merano Tower

What did unit 1117A last sell for?

AED 1,377,500 on 14 February 2024: AED 1,829 per sqft for 753 sqft. The unit has 2 registered sales; the first was AED 1,239,000 in November 2019.

What is the rent for unit 1117A?

AED 67,000 a year on the contract signed on 29 October 2020.

How big is unit 1117A?

753 sqft (70.0 sqm): a one-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.

What is unit 1117A 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 1117A, Merano Tower

Starts from the last sale price (AED 1.38M, 14 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,377,500
Deposit, UAE resident (20%)
AED 275,500
Deposit, non-resident (40%)
AED 551,000
Monthly over 25 years at 3.7%
AED 5,636

Plus AED 62,865 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →