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1-bed · 662 sqftMerano Tower, Business Bay · 10th floor · completed 2020

1016, Merano Tower

Sold prices and rental history: sold twice, last in September 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1016 · DLD and Ejari recordsUpdated 5 November 2026
Last soldAED 655K10 September 2020
Current rentAED 70K /yr5 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1016, Merano Tower

What is 1016 worth today?

Last sold for AED 655,000 in 2020

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5 Nov 2026RentedNew contract
AED 70,000/yr12 months · AED 106 per sqft
14 Aug 2025RentedRenewal
AED 80,000/yr12 months · AED 120 per sqft
14 Aug 2024RentedNew contract
AED 80,000/yr12 months · AED 120 per sqft
10 Sep 2020SoldReady
AED 655,000AED 988 per sqft
22 Jun 2016Sold by developerOff-plan
AED 1,152,768AED 1,740 per sqft

Source: Dubai Land Department. Updated 5 November 2026.

Key facts

Type
1-bed apartment
Size
662 sqft
Floor
10th of 29
Parking
B1-010
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 655K · September 2020
Building
Merano Tower

About 1016, Merano Tower

1016 is a one-bedroom apartment of 662 sqft on the 10th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 10 September 2020 for AED 655,000, or AED 988 per sqft, 38% below the AED 1,598 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 5 November 2026, is AED 70,000 a year: a gross yield of 10.7% on the 2020 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1016 over time

Sales
Unit 1016, each saleTypical one-bed in Merano Tower
750K1M2016201920222025Typical sale price by year: 2016 AED 1,061,015; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,098,000; 2020 AED 995,000; 2021 AED 805,000; 2022 AED 982,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,075,000Sold by developer, June 2016: AED 1,152,768 (AED 1,740 per sqft)Sold, September 2020: AED 655,000 (AED 988 per sqft)

1016 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1016, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 75,000New contract, August 2024: AED 80,000 a yearRenewal, August 2025: AED 80,000 a yearNew contract, November 2026: AED 70,000 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 1016 sits

All 397 1-beds →

1016 last sold in September 2020 at AED 988 per sqft, 38% below what one-beds in Merano Tower were fetching at the time (AED 1,598). 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. 1016's AED 70,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 20261,040,000
28 Sep 20261,000,000
28 Sep 20261,000,000
18 Sep 2026990,000
21 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. 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%
Merano Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 574 units in Merano Tower
Value
10011-bedAED 900K · Aug 2023
10021-bedAED 1.11M · May 2016
10031-bedAED 945K · Nov 2021
1004StudioAED 740K · Jan 2024
10051-bedAED 1.06M · Mar 2025
1006StudioAED 650K · Oct 2023
10071-bedAED 990K · Sep 2026
1–7 of 19

1016, Merano Tower in numbers

  • Sold twice: first on 22 June 2016 for AED 1,152,768, last on 10 September 2020 for AED 655,000 (AED 988 per sqft).
  • Rented since August 2024 on 3 Ejari contracts, from AED 80,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 10.7%, before a service charge of about AED 12,600 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 5 November 2026.

Questions about 1016, Merano Tower

What did unit 1016 last sell for?

AED 655,000 on 10 September 2020: AED 988 per sqft for 662 sqft. The unit has 2 registered sales; the first was AED 1,152,768 in June 2016.

What is the rent for unit 1016?

AED 70,000 a year on the contract signed on 5 November 2026. The previous contract, from August 2025, was AED 80,000; the unit has been rented since August 2024.

How big is unit 1016?

662 sqft (61.5 sqm): a one-bedroom apartment on the 10th floor of a 29-storey tower completed in 2020.

What is unit 1016 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 1016, Merano Tower

Starts from the last sale price (AED 655K, 10 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 655,000
Deposit, UAE resident (20%)
AED 131,000
Deposit, non-resident (40%)
AED 262,000
Monthly over 25 years at 3.7%
AED 2,680

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →