1004, Merano Tower
Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1004, Merano Tower
What is 1004 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 10th of 29
- Parking
- B3-120
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 740K · January 2024
- Building
- Merano Tower
About 1004, Merano Tower
1004 is a studio of 398 sqft on the 10th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 25 January 2024 for AED 740,000, or AED 1,859 per sqft, 4% below the AED 1,932 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 May 2026, is AED 55,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 7,600 a year.
Sales and rents for 1004 over time
1004 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 1004 sits
All 82 studios →1004 last sold in January 2024 at AED 1,859 per sqft, 4% below what studios in Merano Tower were fetching at the time (AED 1,932). 1004's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 381 sqft | 532,000 | 1,396 | ||
| 19 Sep 202519 September 2025 | 331 sqft | 584,259 | 1,764 | ||
| 8 Sep 20258 September 2025 | 334 sqft | 800,000 | 2,393 | ||
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,386 |
Merano Tower
Building574 apartments, studios to 3-bed over 29 floors in Business Bay, completed in 2020 by DAMAC. 33 sold in the last 12 months.
- Typical price per sqft
- AED 1,555 Down 3.3%
- Typical sale
- AED 1.13M
- Typical rent
- AED 75K /yr
- Typical yield
- 7.4%
Other units on the 10th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 616 sqft | AED 900KAED 900,000 · Aug 2023August 2023 | 85,000 /yr | |
| 1002 | 1-bed | 670 sqft | AED 1.11MAED 1,106,256 · May 2016May 2016 | 57,000 /yr | |
| 1003 | 1-bed | 670 sqft | AED 945KAED 944,720 · Nov 2021November 2021 | ||
| 1005 | 1-bed | 669 sqft | AED 1.06MAED 1,060,000 · Mar 2025March 2025 | 80,000 /yr | |
| 1006 | Studio | 331 sqft | AED 650KAED 650,000 · Oct 2023October 2023 | 62,000 /yr | |
| 1007 | 1-bed | 668 sqft | AED 990KAED 990,000 · Sep 2026September 2026 | 71,400 /yr | |
| 1008 | 1-bed | 771 sqft | AED 1.2MAED 1,200,000 · Oct 2025October 2025 | 90,000 /yr | |
| 1009 | 1-bed | 635 sqft | AED 1.31MAED 1,311,997 · Jul 2016July 2016 | 54,000 /yr | |
| 1010 | 1-bed | 635 sqft | AED 1.31MAED 1,311,997 · Jul 2016July 2016 | 65,000 /yr | |
| 1011 | 1-bed | 644 sqft | AED 1.01MAED 1,014,728 · Jun 2016June 2016 | 70,000 /yr | |
| 1012 | 1-bed | 644 sqft | AED 1.04MAED 1,040,000 · Sep 2025September 2025 | 62,711 /yr | |
| 1013 | 2-bed | 891 sqft | AED 1.52MAED 1,520,000 · Feb 2024February 2024 | 100,000 /yr | |
| 1014 | 2-bed | 956 sqft | AED 1.5MAED 1,500,000 · Dec 2025December 2025 | 130,000 /yr | |
| 1015 | 2-bed | 991 sqft | AED 1.58MAED 1,577,600 · Jul 2016July 2016 | 100,000 /yr | |
| 1016 | 1-bed | 662 sqft | AED 655KAED 655,000 · Sep 2020September 2020 | 70,000 /yr | |
| 1017 | 3-bed | 1,455 sqft | AED 2.31MAED 2,309,000 · Apr 2017April 2017 | 125,000 /yr | |
| 1018 | 1-bed | 668 sqft | AED 1.01MAED 1,010,000 · Dec 2023December 2023 | 63,000 /yr | |
| 1019 | 1-bed | 668 sqft | AED 1.11MAED 1,110,000 · Feb 2025February 2025 | 73,000 /yr | |
| 1020 | Studio | 334 sqft | AED 770KAED 770,000 · Jan 2025January 2025 | 50,000 /yr |
1004, Merano Tower in numbers
- Sold twice: first on 1 August 2016 for AED 864,500, last on 25 January 2024 for AED 740,000 (AED 1,859 per sqft).
- Rented since October 2020 on 7 Ejari contracts, from AED 35,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 1 May 2026.
Questions about 1004, Merano Tower
What did unit 1004 last sell for?
AED 740,000 on 25 January 2024: AED 1,859 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 864,500 in August 2016.
What is the rent for unit 1004?
AED 55,000 a year on the contract signed on 1 May 2026. The previous contract, from May 2025, was AED 55,000; the unit has been rented since October 2020.
How big is unit 1004?
398 sqft (37.0 sqm): a studio on the 10th floor of a 29-storey tower completed in 2020.
What is unit 1004 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1004, Merano Tower
Starts from the last sale price (AED 740K, 25 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →