1602, Merano Tower
Sold prices and rental history: sold once, by the developer in December 2016, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Merano Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 663 sqft
- Floor
- 16th of 29
- Parking
- B1-086
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.07M · December 2016
- Building
- Merano Tower
About 1602, Merano Tower
1602 is a one-bedroom apartment of 663 sqft on the 16th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 8 December 2016 for AED 1,065,600, or AED 1,607 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 May 2024, is AED 66,000 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 383 1-beds →1602 last sold in December 2016 at AED 1,607 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. 1602's AED 66,000 is at the bottom 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 16th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 616 sqft | AED 1.01MAED 1,009,584 · Jun 2016June 2016 | 80,000 /yr | |
| 1603 | 1-bed | 485 sqft | AED 1.11MAED 1,107,168 · Jun 2016June 2016 | 73,500 /yr | |
| 1604 | Studio | 398 sqft | AED 710KAED 710,000 · Feb 2024February 2024 | ||
| 1605 | 669 sqft | AED 1MAED 1,000,000 · Oct 2025October 2025 | 86,000 /yr | ||
| 1606 | Studio | 331 sqft | AED 435KAED 435,000 · Sep 2020September 2020 | 60,000 /yr | |
| 1607 | 1-bed | 668 sqft | AED 1.06MAED 1,061,000 · May 2017May 2017 | 65,800 /yr | |
| 1608 | 1-bed | 771 sqft | AED 1.23MAED 1,232,000 · Jul 2017July 2017 | 75,000 /yr | |
| 1609 | 1-bed | 644 sqft | AED 869KAED 869,400 · Feb 2021February 2021 | 78,000 /yr | |
| 1610 | 1-bed | 644 sqft | AED 750KAED 750,000 · Sep 2020September 2020 | ||
| 1611 | 1-bed | 635 sqft | AED 986KAED 985,520 · Dec 2016December 2016 | ||
| 1612 | 1-bed | 644 sqft | AED 1.12MAED 1,117,000 · Nov 2022November 2022 | 73,500 /yr | |
| 1613 | 2-bed | 891 sqft | AED 1.38MAED 1,384,150 · May 2016May 2016 | 105,000 /yr | |
| 1614 | 2-bed | 956 sqft | AED 1.13MAED 1,132,000 · Feb 2021February 2021 | 120,000 /yr | |
| 1615 | 993 sqft | AED 1.3MAED 1,300,000 · Aug 2025August 2025 | 120,000 /yr | ||
| 1616 | 1-bed | 664 sqft | AED 1.21MAED 1,206,576 · May 2016May 2016 | 80,000 /yr | |
| 1617 | 3-bed | 846 sqft | AED 2.37MAED 2,367,552 · Jun 2016June 2016 | 142,000 /yr | |
| 1618 | 1-bed | 668 sqft | AED 1.18MAED 1,177,000 · Nov 2022November 2022 | 82,000 /yr | |
| 1619 | 1-bed | 668 sqft | AED 973KAED 973,000 · Oct 2021October 2021 | ||
| 1620 | Studio | 334 sqft | AED 665KAED 665,000 · Sep 2019September 2019 | 75,000 /yr |
1602, Merano Tower in numbers
- Sold once: by DAMAC on 8 December 2016 for AED 1,065,600, or AED 1,607 per sqft.
- Rented since May 2022 on 3 Ejari contracts, from AED 51,000 to AED 66,000 a year.
- At AED 66,000 a year the gross yield on the 2016 price is 6.2%, 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 15 May 2024.
Questions about 1602, Merano Tower
What did unit 1602 last sell for?
AED 1,065,600 on 8 December 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 1602?
AED 66,000 a year on the contract renewed on 15 May 2024. The previous contract, from May 2023, was AED 66,000; the unit has been rented since May 2022.
How big is unit 1602?
663 sqft (61.6 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.
What is unit 1602 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 1602, Merano Tower
Starts from the last sale price (AED 1.07M, 8 December 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 AED 49,765 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →