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1-bed · 644 sqftMerano Tower, Business Bay · 8th floor · completed 2020

812, Merano Tower

Sold prices and rental history: sold once, by the developer in December 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 812 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 886K22 December 2021
Current rentAED 75K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 812, Merano Tower

What is 812 worth today?

Last sold for AED 885,920 in 2021

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5 Sep 2024RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
5 Sep 2023RentedNew contract
AED 68,000/yr12 months · AED 105 per sqft
18 May 2023RentedRenewal
AED 60,000/yr2 months · AED 93 per sqft
18 May 2022RentedNew contract
AED 56,000/yr12 months · AED 87 per sqft
22 Dec 2021Sold by developerReady
AED 885,920AED 1,376 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
8th of 29
Parking
B3-072
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 886K · December 2021
Building
Merano Tower

About 812, Merano Tower

812 is a one-bedroom apartment of 644 sqft on the 8th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 22 December 2021 for AED 885,920, or AED 1,376 per sqft, 13% above the AED 1,222 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 75,000 a year: a gross yield of 8.5% on the 2021 price, before the service charge of about AED 12,200 a year.

Sales and rents for 812 over time

Sales
Unit 812, 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, December 2021: AED 885,920 (AED 1,376 per sqft)

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

Rents
Unit 812, 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, May 2022: AED 56,000 a yearRenewal, May 2023: AED 60,000 a yearNew contract, September 2023: AED 68,000 a yearRenewal, September 2024: AED 75,000 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 812 sits

All 383 1-beds →

812 last sold in December 2021 at AED 1,376 per sqft, 13% above what one-beds in Merano Tower were fetching at the time (AED 1,222). 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. 812's AED 75,000 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 8th floor

All 574 units in Merano Tower
Value
8011-bedAED 965K · Feb 2017
8021-bedAED 970K · Oct 2023
8031-bedAED 900K · May 2023
804StudioAED 750K · May 2025
8051-bedAED 1.15M · Mar 2025
806StudioAED 579K · Jan 2018
807AED 1.11M · Sep 2025
1–7 of 19

812, Merano Tower in numbers

  • Sold once: by DAMAC on 22 December 2021 for AED 885,920, or AED 1,376 per sqft.
  • Rented since May 2022 on 4 Ejari contracts, from AED 56,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 8.5%, 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 5 September 2024.

Questions about 812, Merano Tower

What did unit 812 last sell for?

AED 885,920 on 22 December 2021, sold by the developer: AED 1,376 per sqft for 644 sqft. It is the only registered sale of the unit.

What is the rent for unit 812?

AED 75,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 68,000; the unit has been rented since May 2022.

How big is unit 812?

644 sqft (59.8 sqm): a one-bedroom apartment on the 8th floor of a 29-storey tower completed in 2020.

What is unit 812 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 812, Merano Tower

Starts from the last sale price (AED 886K, 22 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 885,920
Deposit, UAE resident (20%)
AED 177,184
Deposit, non-resident (40%)
AED 354,368
Monthly over 25 years at 3.7%
AED 3,625

Plus AED 42,219 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →