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1-bed · 635 sqftMerano Tower, Business Bay · 18th floor · completed 2020

1812, Merano Tower

Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1812 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 1.02M22 January 2017
Current rentAED 49K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1812, Merano Tower

What is 1812 worth today?

Last sold for AED 1,016,000 in 2017

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1 Jul 2022RentedRenewal
AED 49,000/yr12 months · AED 76 per sqft
1 Jul 2021RentedNew contract
AED 49,000/yr12 months · AED 76 per sqft
1 Jul 2020RentedNew contract
AED 49,000/yr12 months · AED 76 per sqft
7 Jun 2020RentedNew contract
AED 81,000/yr12 months · AED 126 per sqft
22 Jan 2017Sold by developerOff-plan
AED 1,016,000AED 1,600 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
1-bed apartment
Size
635 sqft
Floor
18th of 29
Parking
B1-139
Developer
DAMAC
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.02M · January 2017
Building
Merano Tower

About 1812, Merano Tower

1812 is a one-bedroom apartment of 635 sqft on the 18th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 22 January 2017 for AED 1,016,000, or AED 1,600 per sqft, in line with the AED 1,599 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 1 July 2022, is AED 49,000 a year: a gross yield of 4.8% on the 2017 price, before the service charge of about AED 12,100 a year.

Sales and rents for 1812 over time

Sales
Unit 1812, 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, January 2017: AED 1,016,000 (AED 1,600 per sqft)

1812 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1812, 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 2020: AED 81,000 a yearNew contract, July 2020: AED 49,000 a yearNew contract, July 2021: AED 49,000 a yearRenewal, July 2022: AED 49,000 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 1812 sits

All 383 1-beds →

1812 last sold in January 2017 at AED 1,600 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 1812's AED 49,000 is at the bottom 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 18th floor

All 574 units in Merano Tower
Value
18011-bedAED 1.09M · Jul 2025
18021-bedAED 1.07M · Mar 2017
18031-bedAED 1.07M · Oct 2016
1804StudioAED 712K · Nov 2017
18051-bedAED 1.07M · Mar 2017
1806StudioAED 655K · Jul 2019
18071-bedAED 1.08M · Dec 2016
1–7 of 19

1812, Merano Tower in numbers

  • Sold once: by DAMAC on 22 January 2017 for AED 1,016,000, or AED 1,600 per sqft.
  • Rented since June 2020 on 4 Ejari contracts, from AED 81,000 to AED 49,000 a year.
  • At AED 49,000 a year the gross yield on the 2017 price is 4.8%, before a service charge of about AED 12,100 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 1 July 2022.

Questions about 1812, Merano Tower

What did unit 1812 last sell for?

AED 1,016,000 on 22 January 2017, sold by the developer: AED 1,600 per sqft for 635 sqft. It is the only registered sale of the unit.

What is the rent for unit 1812?

AED 49,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 49,000; the unit has been rented since June 2020.

How big is unit 1812?

635 sqft (59.0 sqm): a one-bedroom apartment on the 18th floor of a 29-storey tower completed in 2020.

What is unit 1812 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 1812, Merano Tower

Starts from the last sale price (AED 1.02M, 22 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,016,000
Deposit, UAE resident (20%)
AED 203,200
Deposit, non-resident (40%)
AED 406,400
Monthly over 25 years at 3.7%
AED 4,157

Plus AED 47,682 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →