993 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1615, 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 3 times, last in August 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1615

Unit 1615 · DLD and Ejari recordsUpdated 14 September 2025

Last soldAED 1.3M29 August 2025

Current rentAED 120K /yr14 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1615

Property timeline for 1615, Merano Tower

Today

What is 1615 worth today?

Last sold for AED 1,300,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

14 Sep 2025

14 Sep 2025RentedNew contract

AED 120,000/yr12 months · AED 121 per sqft

29 Aug 2025

29 Aug 2025SoldReady

AED 1,300,000AED 1,308 per sqft

10 Sep 2023

10 Sep 2023RentedRenewal

AED 93,500/yr12 months · AED 94 per sqft

10 Sep 2022

10 Sep 2022RentedNew contract

AED 85,000/yr12 months · AED 86 per sqft

27 Jul 2021

27 Jul 2021RentedNew contract

AED 70,000/yr12 months · AED 71 per sqft

13 Jul 2021

13 Jul 2021SoldReady

AED 1,000,000AED 1,006 per sqft

17 Jan 2021

17 Jan 2021RentedNew contract

AED 73,000/yr12 months · AED 74 per sqft

6 Nov 2016

6 Nov 2016Sold by developerOff-plan

AED 1,577,600AED 1,606 per sqft

Source: Dubai Land Department. Updated 14 September 2025.

Key facts

Type: Apartment
Size: 993 sqft
Floor: 16th of 29
Parking: P1-016
Developer: DAMAC
Completed: 2020
Service charge: AED 18,900 /yr
Last sold: AED 1.3M · August 2025
Building: Merano Tower

About 1615, Merano Tower

1615 is an apartment of 993 sqft on the 16th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 29 August 2025 for AED 1,300,000, or AED 1,308 per sqft.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 14 September 2025, is AED 120,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 18,900 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 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
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
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

1615, Merano Tower in numbers

Sold 3 times: first on 6 November 2016 for AED 1,577,600, last on 29 August 2025 for AED 1,300,000 (AED 1,308 per sqft).
Rented since January 2021 on 5 Ejari contracts, from AED 73,000 to AED 120,000 a year.
At AED 120,000 a year the gross yield on the 2025 price is 9.2%, before a service charge of about AED 18,900 a year (AED 19.02 per sqft).

Source: Dubai Land Department. Updated 14 September 2025.

Questions about 1615, Merano Tower

What did unit 1615 last sell for?

AED 1,300,000 on 29 August 2025: AED 1,308 per sqft for 993 sqft. The unit has 3 registered sales; the first was AED 1,577,600 in November 2016.

What is the rent for unit 1615?

AED 120,000 a year on the contract signed on 14 September 2025. The previous contract, from September 2023, was AED 93,500; the unit has been rented since January 2021.

How big is unit 1615?

993 sqft (92.3 sqm): an apartment on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1615 worth today?

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

Selling 1615? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1615, Merano Tower

Starts from the last sale price (AED 1.3M, 29 August 2025). Switch to today's estimate once you have unlocked it.

Price: AED 1,300,000
Deposit, UAE resident (20%): AED 260,000
Deposit, non-resident (40%): AED 520,000
Monthly over 25 years at 3.7%: AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →