1-bed · 644 sqftMerano Tower, Business Bay · 17th floor · completed 2020

1709, 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 July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1709 · DLD and Ejari recordsUpdated 25 September 2023

Last soldAED 907K19 July 2023

Current rentAED 58K /yr25 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1709, Merano Tower

Today

What is 1709 worth today?

Last sold for AED 907,000 in 2023

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25 Sep 2023

25 Sep 2023RentedRenewal

AED 58,000/yr12 months · AED 90 per sqft

19 Jul 2023

19 Jul 2023SoldReady

AED 907,000AED 1,408 per sqft

25 Sep 2022

25 Sep 2022RentedNew contract

AED 58,000/yr12 months · AED 90 per sqft

25 Aug 2020

25 Aug 2020RentedNew contract

AED 48,000/yr13 months · AED 74 per sqft

8 Jun 2020

8 Jun 2020RentedNew contract

AED 81,000/yr12 months · AED 126 per sqft

6 Nov 2016

6 Nov 2016Sold by developerOff-plan

AED 1,014,400AED 1,596 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type: 1-bed apartment
Size: 644 sqft
Floor: 17th of 29
Parking: B1-120
Developer: DAMAC
Completed: 2020
Service charge: AED 12,200 /yr
Last sold: AED 907K · July 2023
Building: Merano Tower

About 1709, Merano Tower

1709 is a one-bedroom apartment of 644 sqft on the 17th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 19 July 2023 for AED 907,000, or AED 1,408 per sqft, 8% below the AED 1,538 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 25 September 2023, is AED 58,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 12,200 a year.

Sales and rents for 1709 over time

Sales

Unit 1709, each saleTypical one-bed in Merano Tower

1709 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1709, each contractTypical one-bed in Merano Tower

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 1709 sits

All 383 1-beds →

1-beds in Merano Tower · last 12 months1,597 /sqft Merano Tower · all types1,571 /sqft

1709 last sold in July 2023 at AED 1,408 per sqft, 8% below what one-beds in Merano Tower were fetching at the time (AED 1,538). 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. 1709's AED 58,000 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
13 Feb 202613 February 2026	668 sqft	1,100,000	1,645
4 Feb 20264 February 2026	664 sqft	1,170,000	1,762
22 Jan 202622 January 2026	644 sqft	1,200,000	1,863
15 Jan 202615 January 2026	668 sqft	1,100,000	1,646

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


1701	1-bed	616 sqft	AED 965KAED 964,800 · Oct 2016October 2016
1702	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Aug 2016August 2016	88,000 /yr
1703	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Sep 2016September 2016	96,000 /yr
1704	Studio	398 sqft	AED 575KAED 575,000 · Aug 2021August 2021	52,500 /yr
1705	1-bed	669 sqft	AED 1.07MAED 1,065,600 · Sep 2016September 2016	80,000 /yr
1706	Studio	327 sqft	AED 655KAED 655,000 · Oct 2019October 2019	60,000 /yr
1707	1-bed	668 sqft	AED 1.06MAED 1,061,000 · Aug 2017August 2017	50,000 /yr
1708	1-bed	771 sqft	AED 1MAED 1,000,000 · Dec 2022December 2022	110,000 /yr
1710	1-bed	644 sqft	AED 1.02MAED 1,016,000 · Dec 2023December 2023	78,000 /yr
1711	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Dec 2016December 2016	66,000 /yr
1712	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Nov 2016November 2016	63,525 /yr
1713	2-bed	891 sqft	AED 1.4MAED 1,400,000 · Feb 2026February 2026	105,000 /yr
1714	2-bed	956 sqft	AED 1.47MAED 1,470,000 · Apr 2025April 2025	105,000 /yr
1715	2-bed	982 sqft	AED 1.58MAED 1,578,000 · Mar 2017March 2017	110,266 /yr
1716	1-bed	664 sqft	AED 1.15MAED 1,150,000 · May 2024May 2024	90,000 /yr
1717	1-bed	668 sqft	AED 1.05MAED 1,050,000 · May 2023May 2023	50,000 /yr
1718	1-bed	668 sqft	AED 1.15MAED 1,150,000 · Aug 2024August 2024	100,000 /yr
1719	1-bed	668 sqft	AED 1.07MAED 1,065,600 · Feb 2017February 2017	70,000 /yr
1720	Studio	334 sqft	AED 592KAED 592,000 · Apr 2018April 2018	60,000 /yr
1717A	1-bed	753 sqft	AED 1.25MAED 1,247,000 · Mar 2020March 2020	78,000 /yr

1–7 of 20

1709, Merano Tower in numbers

Sold twice: first on 6 November 2016 for AED 1,014,400, last on 19 July 2023 for AED 907,000 (AED 1,408 per sqft).
Rented since June 2020 on 4 Ejari contracts. The rent fell from AED 81,000 to AED 48,000 in 2020 and recovered to AED 58,000 by September 2023.
At AED 58,000 a year the gross yield on the 2023 price is 6.4%, 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 25 September 2023.

Questions about 1709, Merano Tower

What did unit 1709 last sell for?

AED 907,000 on 19 July 2023: AED 1,408 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 1,014,400 in November 2016.

What is the rent for unit 1709?

AED 58,000 a year on the contract renewed on 25 September 2023. The previous contract, from September 2022, was AED 58,000; the unit has been rented since June 2020.

How big is unit 1709?

644 sqft (59.8 sqm): a one-bedroom apartment on the 17th floor of a 29-storey tower completed in 2020.

What is unit 1709 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 1709, Merano Tower

Starts from the last sale price (AED 907K, 19 July 2023). Switch to today's estimate once you have unlocked it.

Price: AED 907,000
Deposit, UAE resident (20%): AED 181,400
Deposit, non-resident (40%): AED 362,800
Monthly over 25 years at 3.7%: AED 3,711

Plus AED 43,104 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →