Home
Dubai prices
About
Research
1-bed · 663 sqftMerano Tower, Business Bay · 17th floor · completed 2020

1703, Merano Tower

Sold prices and rental history: sold once, by the developer in September 2016, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 14 December 2025
Last soldAED 1.07M4 September 2016
Current rentAED 96K /yr14 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1703

Property timeline for 1703, Merano Tower

What is 1703 worth today?

Last sold for AED 1,065,600 in 2016

Unlock today's estimate, updated daily, with

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

14 Dec 2025RentedRenewal
AED 96,000/yr3 months · AED 144 per sqft
16 Dec 2023RentedRenewal
AED 63,000/yr12 months · AED 94 per sqft
16 Dec 2020RentedNew contract
AED 52,000/yr12 months · AED 78 per sqft
4 Sep 2016Sold by developerOff-plan
AED 1,065,600AED 1,607 per sqft

Source: Dubai Land Department. Updated 14 December 2025.

Key facts

Type
1-bed apartment
Size
663 sqft
Floor
17th of 29
Parking
B1-100
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.07M · September 2016
Building
Merano Tower

About 1703, Merano Tower

1703 is a one-bedroom apartment of 663 sqft on the 17th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 4 September 2016 for AED 1,065,600, or AED 1,607 per sqft, in line with the AED 1,607 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 14 December 2025, is AED 96,000 a year: a gross yield of 9.0% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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, September 2016: AED 1,065,600 (AED 1,607 per sqft)

1703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1703, each contractTypical one-bed in Merano Tower
50K75K100K2020202220242026Typical 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 2020: AED 52,000 a yearRenewal, December 2023: AED 63,000 a yearRenewal, December 2025: AED 96,000 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 1703 sits

All 383 1-beds →

1703 last sold in September 2016 at AED 1,607 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,607). 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. 1703's AED 96,000 is in the upper 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 17th floor

All 574 units in Merano Tower
Value
17011-bedAED 965K · Oct 2016
17021-bedAED 1.07M · Aug 2016
1704StudioAED 575K · Aug 2021
17051-bedAED 1.07M · Sep 2016
1706StudioAED 655K · Oct 2019
17071-bedAED 1.06M · Aug 2017
17081-bedAED 1M · Dec 2022
1–7 of 20

1703, Merano Tower in numbers

  • Sold once: by DAMAC on 4 September 2016 for AED 1,065,600, or AED 1,607 per sqft.
  • Rented since December 2020 on 3 Ejari contracts, from AED 52,000 to AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2016 price is 9.0%, 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 14 December 2025.

Questions about 1703, Merano Tower

What did unit 1703 last sell for?

AED 1,065,600 on 4 September 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 1703?

AED 96,000 a year on the contract renewed on 14 December 2025. The previous contract, from December 2023, was AED 63,000; the unit has been rented since December 2020.

How big is unit 1703?

663 sqft (61.6 sqm): a one-bedroom apartment on the 17th floor of a 29-storey tower completed in 2020.

What is unit 1703 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.

Selling 1703? 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 1703, Merano Tower

Starts from the last sale price (AED 1.07M, 4 September 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 →