1020, Merano Tower
Sold prices and rental history: sold twice, last in January 2025, and rented once, from July 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1020, Merano Tower
What is 1020 worth today?
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Source: Dubai Land Department. Updated 19 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 334 sqft
- Floor
- 10th of 29
- Parking
- B3-123
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 770K · January 2025
- Building
- Merano Tower
About 1020, Merano Tower
1020 is a studio of 334 sqft on the 10th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 13 January 2025 for AED 770,000, or AED 2,303 per sqft, 11% above the AED 2,079 studios in the building were fetching at the time.
One Ejari contract is registered, from 19 July 2026. The current contract, signed on 19 July 2026, is AED 50,000 a year: a gross yield of 6.5% on the 2025 price, before the service charge of about AED 6,400 a year.
Sales and rents for 1020 over time
1020 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 1020 sits
All 82 studios →1020 last sold in January 2025 at AED 2,303 per sqft, 11% above what studios in Merano Tower were fetching at the time (AED 2,079). 1020's AED 50,000 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 | ||
| 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 | |
| 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, Merano Tower in numbers
- Sold twice: first on 31 August 2016 for AED 538,992, last on 13 January 2025 for AED 770,000 (AED 2,303 per sqft).
- Rented since July 2026 on one Ejari contract, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2025 price is 6.5%, before a service charge of about AED 6,400 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 19 July 2026.
Questions about 1020, Merano Tower
What did unit 1020 last sell for?
AED 770,000 on 13 January 2025: AED 2,303 per sqft for 334 sqft. The unit has 2 registered sales; the first was AED 538,992 in August 2016.
What is the rent for unit 1020?
AED 50,000 a year on the contract signed on 19 July 2026.
How big is unit 1020?
334 sqft (31.0 sqm): a studio on the 10th floor of a 29-storey tower completed in 2020.
What is unit 1020 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 1020, Merano Tower
Starts from the last sale price (AED 770K, 13 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 770,000
- Deposit, UAE resident (20%)
- AED 154,000
- Deposit, non-resident (40%)
- AED 308,000
- Monthly over 25 years at 3.7%
- AED 3,150
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →