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

1212, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in September 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1212

Unit 1212 · DLD and Ejari recordsUpdated 1 April 2024

Last soldAED 1M24 September 2019

Current rentAED 78K /yr1 April 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1212

Property timeline for 1212, Merano Tower

Today

What is 1212 worth today?

Last sold for AED 1,000,100 in 2019

Unlock today's estimate, updated daily, with

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

1 Apr 2024

1 Apr 2024RentedNew contract

AED 78,000/yr12 months · AED 121 per sqft

29 Aug 2023

29 Aug 2023RentedRenewal

AED 62,400/yr6 months · AED 98 per sqft

29 Aug 2022

29 Aug 2022RentedRenewal

AED 52,000/yr12 months · AED 82 per sqft

29 Aug 2021

29 Aug 2021RentedRenewal

AED 45,000/yr12 months · AED 71 per sqft

3 Jun 2020

3 Jun 2020RentedNew contract

AED 81,000/yr12 months · AED 126 per sqft

24 Sep 2019

24 Sep 2019SoldOff-plan

AED 1,000,100AED 1,575 per sqft

6 Dec 2016

6 Dec 2016Sold by developerOff-plan

AED 985,520AED 1,552 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type: 1-bed apartment
Size: 635 sqft
Floor: 12th of 29
Parking: B1-037
Developer: DAMAC
Completed: 2020
Service charge: AED 12,100 /yr
Last sold: AED 1M · September 2019
Building: Merano Tower

About 1212, Merano Tower

1212 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. It last sold on 24 September 2019 for AED 1,000,100, or AED 1,575 per sqft, in line with the AED 1,615 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 April 2024, is AED 78,000 a year: a gross yield of 7.8% on the 2019 price, before the service charge of about AED 12,100 a year.

Sales and rents for 1212 over time

Sales

Unit 1212, each saleTypical one-bed in Merano Tower

1212 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1212, each contractTypical one-bed in Merano Tower

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 1212 sits

All 383 1-beds →

1-beds in Merano Tower · last 12 months1,597 /sqft Merano Tower · all types1,571 /sqft

1212 last sold in September 2019 at AED 1,575 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,615). 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. 1212's AED 78,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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


1201	1-bed	616 sqft	AED 1.1MAED 1,096,000 · Oct 2020October 2020	81,000 /yr
1202	1-bed	670 sqft	AED 1.1MAED 1,100,000 · Feb 2024February 2024	81,000 /yr
1203	1-bed	663 sqft	AED 1.06MAED 1,061,000 · Apr 2017April 2017	83,000 /yr
1204	Studio	398 sqft	AED 800KAED 800,000 · Dec 2024December 2024	55,000 /yr
1205	1-bed	669 sqft	AED 1.08MAED 1,081,000 · Feb 2019February 2019	86,000 /yr
1206	Studio	331 sqft	AED 425KAED 425,000 · Jun 2021June 2021	62,000 /yr
1207	1-bed	668 sqft	AED 880KAED 880,000 · Mar 2022March 2022	92,000 /yr
1208	1-bed	771 sqft	AED 1.34MAED 1,336,000 · Dec 2022December 2022
1209	1-bed	644 sqft	AED 986KAED 985,800 · Jun 2016June 2016	65,000 /yr
1210	1-bed	635 sqft	AED 1.02MAED 1,018,000 · Jul 2017July 2017	75,000 /yr
1211	1-bed	644 sqft	AED 1.2MAED 1,200,000 · Jan 2026January 2026	126,000 /yr
1213	2-bed	891 sqft	AED 1.46MAED 1,458,000 · Oct 2017October 2017
1214	2-bed	956 sqft	AED 1.51MAED 1,508,800 · Aug 2016August 2016	110,000 /yr
1215	2-bed	991 sqft	AED 1.58MAED 1,577,600 · Aug 2016August 2016	110,000 /yr
1216	1-bed	662 sqft	AED 640KAED 640,000 · Aug 2020August 2020	76,000 /yr
1217	1-bed	668 sqft	AED 940KAED 940,000 · May 2023May 2023	85,500 /yr
1218	1-bed	668 sqft	AED 1.08MAED 1,078,400 · Apr 2017April 2017	77,791 /yr
1219	1-bed	668 sqft	AED 1.1MAED 1,100,000 · Feb 2026February 2026	69,090 /yr
1220	Studio	334 sqft	AED 566KAED 566,352 · Aug 2016August 2016	55,000 /yr
1217A	1-bed	753 sqft	AED 1.24MAED 1,240,000 · Nov 2019November 2019	73,000 /yr

1–7 of 20

1212, Merano Tower in numbers

Sold twice: first on 6 December 2016 for AED 985,520, last on 24 September 2019 for AED 1,000,100 (AED 1,575 per sqft).
Rented since June 2020 on 5 Ejari contracts. The rent fell from AED 81,000 to AED 45,000 in 2021 and recovered to AED 78,000 by April 2024.
At AED 78,000 a year the gross yield on the 2019 price is 7.8%, 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 1 April 2024.

Questions about 1212, Merano Tower

What did unit 1212 last sell for?

AED 1,000,100 on 24 September 2019: AED 1,575 per sqft for 635 sqft. The unit has 2 registered sales; the first was AED 985,520 in December 2016.

What is the rent for unit 1212?

AED 78,000 a year on the contract signed on 1 April 2024. The previous contract, from August 2023, was AED 62,400; the unit has been rented since June 2020.

How big is unit 1212?

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

What is unit 1212 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 1212? 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 1212, Merano Tower

Starts from the last sale price (AED 1M, 24 September 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,000,100
Deposit, UAE resident (20%): AED 200,020
Deposit, non-resident (40%): AED 400,040
Monthly over 25 years at 3.7%: AED 4,092

Plus AED 47,014 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →