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

1612, Merano Tower

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1612 · DLD and Ejari recordsUpdated 12 December 2024
Last soldAED 1.12M14 November 2022
Current rentAED 74K /yr12 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1612, Merano Tower

What is 1612 worth today?

Last sold for AED 1,117,000 in 2022

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12 Dec 2024RentedRenewal
AED 73,500/yr12 months · AED 114 per sqft
12 Dec 2023RentedRenewal
AED 70,000/yr12 months · AED 109 per sqft
12 Dec 2022RentedNew contract
AED 70,000/yr12 months · AED 109 per sqft
14 Nov 2022Sold by developerReady
AED 1,117,000AED 1,735 per sqft

Source: Dubai Land Department. Updated 12 December 2024.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
16th of 29
Parking
B1-094
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 1.12M · November 2022
Building
Merano Tower

About 1612, Merano Tower

1612 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 November 2022 for AED 1,117,000, or AED 1,735 per sqft, 25% above the AED 1,390 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 12 December 2024, is AED 73,500 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 12,200 a year.

Sales and rents for 1612 over time

Sales
Unit 1612, 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, November 2022: AED 1,117,000 (AED 1,735 per sqft)

1612 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1612, 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, December 2022: AED 70,000 a yearRenewal, December 2023: AED 70,000 a yearRenewal, December 2024: AED 73,500 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 1612 sits

All 383 1-beds →

1612 last sold in November 2022 at AED 1,735 per sqft, 25% above what one-beds in Merano Tower were fetching at the time (AED 1,390). 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. 1612's AED 73,500 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

1612, Merano Tower in numbers

  • Sold once: by DAMAC on 14 November 2022 for AED 1,117,000, or AED 1,735 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, from AED 70,000 to AED 73,500 a year.
  • At AED 73,500 a year the gross yield on the 2022 price is 6.6%, 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 December 2024.

Questions about 1612, Merano Tower

What did unit 1612 last sell for?

AED 1,117,000 on 14 November 2022, sold by the developer: AED 1,735 per sqft for 644 sqft. It is the only registered sale of the unit.

What is the rent for unit 1612?

AED 73,500 a year on the contract renewed on 12 December 2024. The previous contract, from December 2023, was AED 70,000; the unit has been rented since December 2022.

How big is unit 1612?

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

What is unit 1612 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 1612, Merano Tower

Starts from the last sale price (AED 1.12M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,117,000
Deposit, UAE resident (20%)
AED 223,400
Deposit, non-resident (40%)
AED 446,800
Monthly over 25 years at 3.7%
AED 4,570

Plus AED 51,924 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →