771 sqftMerano Tower, Business Bay · 15th floor · completed 2020

1508, 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 November 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1508 · DLD and Ejari recordsUpdated 28 November 2025

Last soldAED 1.2M28 November 2025

Current rentAED 60K /yr24 March 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1508, Merano Tower

Today

What is 1508 worth today?

Last sold for AED 1,200,000 in 2025

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28 Nov 2025

28 Nov 2025SoldReady

AED 1,200,000AED 1,555 per sqft

24 Mar 2023

24 Mar 2023RentedNew contract

AED 60,400/yr12 months · AED 78 per sqft

10 Mar 2022

10 Mar 2022RentedRenewal

AED 55,000/yr12 months · AED 71 per sqft

10 Mar 2021

10 Mar 2021RentedNew contract

AED 55,000/yr12 months · AED 71 per sqft

7 Feb 2021

7 Feb 2021Sold by developerReady

AED 939,000AED 1,217 per sqft

Source: Dubai Land Department. Updated 28 November 2025.

Key facts

Type: Apartment
Size: 771 sqft
Floor: 15th of 29
Parking: B1-077
Developer: DAMAC
Completed: 2020
Service charge: AED 14,700 /yr
Last sold: AED 1.2M · November 2025
Building: Merano Tower

About 1508, Merano Tower

1508 is an apartment of 771 sqft on the 15th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 28 November 2025 for AED 1,200,000, or AED 1,555 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 24 March 2023, is AED 60,400 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 14,700 a year.

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 15th floor

All 574 units in Merano Tower


1501		616 sqft	AED 1.1MAED 1,100,000 · Oct 2025October 2025	69,300 /yr
1502	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Oct 2016October 2016	73,000 /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
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

1–7 of 19

1508, Merano Tower in numbers

Sold twice: first on 7 February 2021 for AED 939,000, last on 28 November 2025 for AED 1,200,000 (AED 1,555 per sqft).
Rented since March 2021 on 3 Ejari contracts, from AED 55,000 to AED 60,400 a year.
At AED 60,400 a year the gross yield on the 2025 price is 5.0%, before a service charge of about AED 14,700 a year (AED 19.02 per sqft).

Source: Dubai Land Department. Updated 28 November 2025.

Questions about 1508, Merano Tower

What did unit 1508 last sell for?

AED 1,200,000 on 28 November 2025: AED 1,555 per sqft for 771 sqft. The unit has 2 registered sales; the first was AED 939,000 in February 2021.

What is the rent for unit 1508?

AED 60,400 a year on the contract signed on 24 March 2023. The previous contract, from March 2022, was AED 55,000; the unit has been rented since March 2021.

How big is unit 1508?

771 sqft (71.6 sqm): an apartment on the 15th floor of a 29-storey tower completed in 2020.

What is unit 1508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1508, Merano Tower

Starts from the last sale price (AED 1.2M, 28 November 2025). Switch to today's estimate once you have unlocked it.

Price: AED 1,200,000
Deposit, UAE resident (20%): AED 240,000
Deposit, non-resident (40%): AED 480,000
Monthly over 25 years at 3.7%: AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →