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1-bed · 644 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1609, Merano Tower

Sold prices and rental history: sold once, by the developer in February 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 12 June 2025
Last soldAED 869K14 February 2021
Current rentAED 78K /yr12 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1609, Merano Tower

What is 1609 worth today?

Last sold for AED 869,400 in 2021

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12 Jun 2025RentedNew contract
AED 78,000/yr12 months · AED 121 per sqft
1 Jun 2024RentedRenewal
AED 73,000/yr12 months · AED 113 per sqft
1 Jun 2022RentedRenewal
AED 57,500/yr12 months · AED 89 per sqft
1 Jun 2021RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
14 Feb 2021Sold by developerReady
AED 869,400AED 1,350 per sqft

Source: Dubai Land Department. Updated 12 June 2025.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
16th of 29
Parking
B1-091
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 869K · February 2021
Building
Merano Tower

About 1609, Merano Tower

1609 is a one-bedroom apartment of 644 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 14 February 2021 for AED 869,400, or AED 1,350 per sqft, 10% above the AED 1,222 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 12 June 2025, is AED 78,000 a year: a gross yield of 9.0% on the 2021 price, before the service charge of about AED 12,200 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,059,200; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,084,000; 2020 AED 995,000; 2021 AED 804,000; 2022 AED 997,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,130,000Sold by developer, February 2021: AED 869,400 (AED 1,350 per sqft)

1609 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1609, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 80,000New contract, June 2021: AED 50,000 a yearRenewal, June 2022: AED 57,500 a yearRenewal, June 2024: AED 73,000 a yearNew contract, June 2025: AED 78,000 a year

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 1609 sits

All 383 1-beds →

1609 last sold in February 2021 at AED 1,350 per sqft, 10% above what one-beds in Merano Tower were fetching at the time (AED 1,222). 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. 1609's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20261,100,000
4 Feb 20261,170,000
22 Jan 20261,200,000
15 Jan 20261,100,000
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 16th floor

All 574 units in Merano Tower
Value
16011-bedAED 1.01M · Jun 2016
16021-bedAED 1.07M · Dec 2016
16031-bedAED 1.11M · Jun 2016
1604StudioAED 710K · Feb 2024
1605AED 1M · Oct 2025
1606StudioAED 435K · Sep 2020
16071-bedAED 1.06M · May 2017
1–7 of 19

1609, Merano Tower in numbers

  • Sold once: by DAMAC on 14 February 2021 for AED 869,400, or AED 1,350 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 50,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 9.0%, before a service charge of about AED 12,200 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 12 June 2025.

Questions about 1609, Merano Tower

What did unit 1609 last sell for?

AED 869,400 on 14 February 2021, sold by the developer: AED 1,350 per sqft for 644 sqft. It is the only registered sale of the unit.

What is the rent for unit 1609?

AED 78,000 a year on the contract signed on 12 June 2025. The previous contract, from June 2024, was AED 73,000; the unit has been rented since June 2021.

How big is unit 1609?

644 sqft (59.8 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1609 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 1609, Merano Tower

Starts from the last sale price (AED 869K, 14 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 869,400
Deposit, UAE resident (20%)
AED 173,880
Deposit, non-resident (40%)
AED 347,760
Monthly over 25 years at 3.7%
AED 3,557

Plus AED 41,525 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →