1502, Merano Tower
Sold prices and rental history: sold once, by the developer in October 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Merano Tower
What is 1502 worth today?
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Source: Dubai Land Department. Updated 7 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 663 sqft
- Floor
- 15th of 29
- Parking
- B1-074
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.07M · October 2016
- Building
- Merano Tower
About 1502, Merano Tower
1502 is a one-bedroom apartment of 663 sqft on the 15th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 13 October 2016 for AED 1,065,600, or AED 1,607 per sqft, in line with the AED 1,601 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 7 September 2025, is AED 73,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1502 over time
1502 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 1502 sits
All 383 1-beds →1502 last sold in October 2016 at AED 1,607 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,601). 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. 1502's AED 73,000 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 15th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 616 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 69,300 /yr | ||
| 1503 | 1-bed | 670 sqft | AED 1.01MAED 1,005,000 · Apr 2025April 2025 | 77,000 /yr | |
| 1504 | Studio | 398 sqft | AED 869KAED 869,250 · Nov 2016November 2016 | 72,000 /yr | |
| 1505 | 669 sqft | AED 1.1MAED 1,100,000 · Nov 2025November 2025 | 85,000 /yr | ||
| 1506 | Studio | 327 sqft | AED 586KAED 586,000 · Dec 2016December 2016 | 60,000 /yr | |
| 1507 | 668 sqft | AED 1.06MAED 1,060,000 · Nov 2025November 2025 | 69,469 /yr | ||
| 1508 | 771 sqft | AED 1.2MAED 1,200,000 · Nov 2025November 2025 | 60,400 /yr | ||
| 1509 | 1-bed | 644 sqft | AED 1.02MAED 1,018,872 · Jun 2016June 2016 | 63,250 /yr | |
| 1510 | 1-bed | 644 sqft | AED 1.12MAED 1,120,000 · Sep 2024September 2024 | 85,000 /yr | |
| 1511 | 1-bed | 644 sqft | AED 1.02MAED 1,020,528 · Jun 2016June 2016 | 80,000 /yr | |
| 1512 | 1-bed | 644 sqft | AED 826KAED 826,000 · Feb 2023February 2023 | 78,000 /yr | |
| 1513 | 2-bed | 891 sqft | AED 1.27MAED 1,266,000 · Apr 2022April 2022 | ||
| 1514 | 2-bed | 956 sqft | AED 1.53MAED 1,525,000 · May 2017May 2017 | 110,000 /yr | |
| 1515 | 2-bed | 993 sqft | AED 1.77MAED 1,770,000 · Jan 2025January 2025 | 110,000 /yr | |
| 1516 | 1-bed | 664 sqft | AED 1.21MAED 1,206,576 · May 2016May 2016 | 80,000 /yr | |
| 1517 | 3-bed | 1,455 sqft | AED 2.38MAED 2,375,000 · Feb 2025February 2025 | 105,000 /yr | |
| 1518 | 1-bed | 668 sqft | AED 1.08MAED 1,082,000 · Sep 2019September 2019 | 76,000 /yr | |
| 1519 | 1-bed | 668 sqft | AED 1.06MAED 1,061,015 · Aug 2016August 2016 | 90,000 /yr | |
| 1520 | Studio | 334 sqft | AED 590KAED 590,000 · Feb 2020February 2020 | 52,000 /yr |
1502, Merano Tower in numbers
- Sold once: by DAMAC on 13 October 2016 for AED 1,065,600, or AED 1,607 per sqft.
- Rented since April 2020 on 6 Ejari contracts. The rent fell from AED 81,000 to AED 46,000 in 2020 and recovered to AED 73,000 by September 2025.
- At AED 73,000 a year the gross yield on the 2016 price is 6.9%, 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 7 September 2025.
Questions about 1502, Merano Tower
What did unit 1502 last sell for?
AED 1,065,600 on 13 October 2016, sold by the developer: AED 1,607 per sqft for 663 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 73,000 a year on the contract renewed on 7 September 2025. The previous contract, from September 2022, was AED 65,000; the unit has been rented since April 2020.
How big is unit 1502?
663 sqft (61.6 sqm): a one-bedroom apartment on the 15th floor of a 29-storey tower completed in 2020.
What is unit 1502 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 1502, Merano Tower
Starts from the last sale price (AED 1.07M, 13 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,065,600
- Deposit, UAE resident (20%)
- AED 213,120
- Deposit, non-resident (40%)
- AED 426,240
- Monthly over 25 years at 3.7%
- AED 4,360
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →