Studio · 398 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1604, 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 February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 20 February 2024

Last soldAED 710K20 February 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1604, Merano Tower

Today

What is 1604 worth today?

Last sold for AED 710,000 in 2024

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20 Feb 2024

20 Feb 2024SoldReady

AED 710,000AED 1,784 per sqft

25 Apr 2018

25 Apr 2018Sold by developerOff-plan

AED 707,000AED 1,776 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 February 2024.

Key facts

Type: Studio apartment
Size: 398 sqft
Floor: 16th of 29
Parking: B3-140
Developer: DAMAC
Completed: 2020
Service charge: AED 7,600 /yr
Last sold: AED 710K · February 2024
Building: Merano Tower

About 1604, Merano Tower

1604 is a studio of 398 sqft on the 16th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 20 February 2024 for AED 710,000, or AED 1,784 per sqft, 6% below the AED 1,896 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1604 over time

Sales

Unit 1604, each saleTypical studio in Merano Tower

1604 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1604, each contractTypical studio in Merano Tower

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Merano Tower, and where 1604 sits

All 79 studios →

Merano Tower · all types1,571 /sqft

1604 last sold in February 2024 at AED 1,784 per sqft, 6% below what studios in Merano Tower were fetching at the time (AED 1,896).

Recent studio sales	Size	Price (AED)	Per sqft
10 Jun 202510 June 2025	331 sqft	790,000	2,385
19 May 202519 May 2025	334 sqft	750,000	2,244
13 May 202513 May 2025	398 sqft	750,000	1,884
25 Feb 202525 February 2025	334 sqft	700,000	2,094

0 studio 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 16th floor

All 574 units in Merano Tower


1601	1-bed	616 sqft	AED 1.01MAED 1,009,584 · Jun 2016June 2016	80,000 /yr
1602	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Dec 2016December 2016	66,000 /yr
1603	1-bed	485 sqft	AED 1.11MAED 1,107,168 · Jun 2016June 2016	73,500 /yr
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

1–7 of 19

1604, Merano Tower in numbers

Sold twice: first on 25 April 2018 for AED 707,000, last on 20 February 2024 for AED 710,000 (AED 1,784 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 February 2024.

Questions about 1604, Merano Tower

What did unit 1604 last sell for?

AED 710,000 on 20 February 2024: AED 1,784 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 707,000 in April 2018.

How big is unit 1604?

398 sqft (37.0 sqm): a studio on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1604 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 1604, Merano Tower

Starts from the last sale price (AED 710K, 20 February 2024). Switch to today's estimate once you have unlocked it.

Price: AED 710,000
Deposit, UAE resident (20%): AED 142,000
Deposit, non-resident (40%): AED 284,000
Monthly over 25 years at 3.7%: AED 2,905

Plus AED 34,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →