1017, Merano Tower
Sold prices and rental history: sold once, by the developer in April 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1017, Merano Tower
What is 1017 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,455 sqft
- Floor
- 10th of 29
- Parking
- B1-101, B1-102
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 27,700 /yr
- Last sold
- AED 2.31M · April 2017
- Building
- Merano Tower
About 1017, Merano Tower
1017 is a three-bedroom apartment of 1,455 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 26 April 2017 for AED 2,309,000, or AED 1,586 per sqft, 25% below the AED 2,123 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 25 August 2026, is AED 125,000 a year: a gross yield of 5.4% on the 2017 price, before the service charge of about AED 27,700 a year.
Sales and rents for 1017 over time
1017 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Merano Tower, and where 1017 sits
All 11 3-beds →1017 last sold in April 2017 at AED 1,586 per sqft, 25% below what three-beds in Merano Tower were fetching at the time (AED 2,123). 1017's AED 125,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Feb 202520 February 2025 | 1,455 sqft | 2,375,000 | 1,632 | ||
| 14 Jan 202514 January 2025 | 1,455 sqft | 3,008,000 | 2,067 | ||
| 3 Nov 20233 November 2023 | 1,455 sqft | 2,200,000 | 1,512 | ||
| 12 Sep 202312 September 2023 | 1,455 sqft | 1,815,000 | 1,247 |
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 | |
| 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 | |
| 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 |
1017, Merano Tower in numbers
- Sold once: by DAMAC on 26 April 2017 for AED 2,309,000, or AED 1,586 per sqft.
- Rented since June 2021 on 5 Ejari contracts, from AED 90,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2017 price is 5.4%, before a service charge of about AED 27,700 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 25 August 2026.
Questions about 1017, Merano Tower
What did unit 1017 last sell for?
AED 2,309,000 on 26 April 2017, sold by the developer: AED 1,586 per sqft for 1,455 sqft. It is the only registered sale of the unit.
What is the rent for unit 1017?
AED 125,000 a year on the contract signed on 25 August 2026. The previous contract, from October 2025, was AED 160,000; the unit has been rented since June 2021.
How big is unit 1017?
1,455 sqft (135.2 sqm): a three-bedroom apartment on the 10th floor of a 29-storey tower completed in 2020.
What is unit 1017 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 1017, Merano Tower
Starts from the last sale price (AED 2.31M, 26 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,309,000
- Deposit, UAE resident (20%)
- AED 461,800
- Deposit, non-resident (40%)
- AED 923,600
- Monthly over 25 years at 3.7%
- AED 9,447
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →