1-bed · 635 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1210, Merano Tower

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1210 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 1.02M12 July 2017
Current rentAED 75K /yr10 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1210, Merano Tower

What is 1210 worth today?

Last sold for AED 1,018,000 in 2017

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10 Oct 2024RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
10 Oct 2023RentedRenewal
AED 68,250/yr12 months · AED 106 per sqft
10 Oct 2022RentedNew contract
AED 65,000/yr12 months · AED 101 per sqft
19 Aug 2021RentedNew contract
AED 42,770/yr12 months · AED 66 per sqft
19 Aug 2020RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
12 Jul 2017Sold by developerOff-plan
AED 1,018,000AED 1,602 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
1-bed apartment
Size
635 sqft
Floor
12th of 29
Parking
B1-035
Developer
DAMAC
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.02M · July 2017
Building
Merano Tower

About 1210, Merano Tower

1210 is a one-bedroom apartment of 635 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 12 July 2017 for AED 1,018,000, or AED 1,602 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 10 October 2024, is AED 75,000 a year: a gross yield of 7.4% on the 2017 price, before the service charge of about AED 12,100 a year.

Sales and rents for 1210 over time

Sales
Unit 1210, 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, July 2017: AED 1,018,000 (AED 1,602 per sqft)

1210 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1210, 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, August 2020: AED 40,000 a yearNew contract, August 2021: AED 42,770 a yearNew contract, October 2022: AED 65,000 a yearRenewal, October 2023: AED 68,250 a yearRenewal, October 2024: AED 75,000 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 1210 sits

All 383 1-beds →

1210 last sold in July 2017 at AED 1,602 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 1210's AED 75,000 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 12th floor

All 574 units in Merano Tower
Value
12011-bedAED 1.1M · Oct 2020
12021-bedAED 1.1M · Feb 2024
12031-bedAED 1.06M · Apr 2017
1204StudioAED 800K · Dec 2024
12051-bedAED 1.08M · Feb 2019
1206StudioAED 425K · Jun 2021
12071-bedAED 880K · Mar 2022
1–7 of 20

1210, Merano Tower in numbers

  • Sold once: by DAMAC on 12 July 2017 for AED 1,018,000, or AED 1,602 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 40,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2017 price is 7.4%, before a service charge of about AED 12,100 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 10 October 2024.

Questions about 1210, Merano Tower

What did unit 1210 last sell for?

AED 1,018,000 on 12 July 2017, sold by the developer: AED 1,602 per sqft for 635 sqft. It is the only registered sale of the unit.

What is the rent for unit 1210?

AED 75,000 a year on the contract renewed on 10 October 2024. The previous contract, from October 2023, was AED 68,250; the unit has been rented since August 2020.

How big is unit 1210?

635 sqft (59.0 sqm): a one-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1210 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 1210, Merano Tower

Starts from the last sale price (AED 1.02M, 12 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,000
Deposit, UAE resident (20%)
AED 203,600
Deposit, non-resident (40%)
AED 407,200
Monthly over 25 years at 3.7%
AED 4,165

Plus AED 47,766 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →