1011, Merano Tower
Sold prices and rental history: sold once, by the developer in June 2016, 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 1011, Merano Tower
What is 1011 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 10th of 29
- Parking
- B1-008
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.01M · June 2016
- Building
- Merano Tower
About 1011, Merano Tower
1011 is a one-bedroom apartment of 644 sqft on the 10th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 22 June 2016 for AED 1,014,728, or AED 1,575 per sqft, in line with the AED 1,604 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 9 Ejari contracts. The current contract, signed on 1 August 2026, is AED 70,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1011 over time
1011 has sold once; the dashed line is the one-bed median of each year in the building.
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 1011 sits
All 397 1-beds →1011 last sold in June 2016 at AED 1,575 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,604). Over the last 12 months one-beds sold for AED 924,900 to 1,200,000, around AED 1,556 per sqft, and rent for AED 48,000 to 126,000 a year. 1011's AED 70,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 668 sqft | 1,040,000 | 1,556 | ||
| 28 Sep 202628 September 2026 | 670 sqft | 1,000,000 | 1,492 | ||
| 28 Sep 202628 September 2026 | 668 sqft | 1,000,000 | 1,497 | ||
| 18 Sep 202618 September 2026 | 668 sqft | 990,000 | 1,482 |
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 | ||
| 1004 | Studio | 398 sqft | AED 740KAED 740,000 · Jan 2024January 2024 | 55,000 /yr | |
| 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 | |
| 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 |
1011, Merano Tower in numbers
- Sold once: by DAMAC on 22 June 2016 for AED 1,014,728, or AED 1,575 per sqft.
- Rented since July 2020 on 9 Ejari contracts. The rent fell from AED 47,000 to AED 42,000 in 2021 and recovered to AED 70,000 by August 2026.
- At AED 70,000 a year the gross yield on the 2016 price is 6.9%, before a service charge of about AED 12,300 a year (AED 19.02 per sqft).
- One-beds in Merano Tower sold for AED 924,900–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,555 per sqft.
Source: Dubai Land Department. Updated 1 August 2026.
Questions about 1011, Merano Tower
What did unit 1011 last sell for?
AED 1,014,728 on 22 June 2016, sold by the developer: AED 1,575 per sqft for 644 sqft. It is the only registered sale of the unit.
What is the rent for unit 1011?
AED 70,000 a year on the contract signed on 1 August 2026. The previous contract, from July 2026, was AED 74,000; the unit has been rented since July 2020.
How big is unit 1011?
644 sqft (59.8 sqm): a one-bedroom apartment on the 10th floor of a 29-storey tower completed in 2020.
What is unit 1011 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 924,900 to 1,200,000 in the last 12 months, around AED 1,556 per sqft.
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Mortgage on 1011, Merano Tower
Starts from the last sale price (AED 1.01M, 22 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,014,728
- Deposit, UAE resident (20%)
- AED 202,946
- Deposit, non-resident (40%)
- AED 405,891
- Monthly over 25 years at 3.7%
- AED 4,152
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →