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1-bed · 662 sqftMerano Tower, Business Bay · 11th floor · completed 2020

1116, Merano Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1116 · DLD and Ejari recordsUpdated 10 October 2026
Last soldAED 1.02M2 August 2016
Current rentAED 80K /yr10 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1116, Merano Tower

What is 1116 worth today?

Last sold for AED 1,022,768 in 2016

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10 Oct 2026RentedNew contract
AED 80,000/yr12 months · AED 121 per sqft
15 Jul 2025RentedNew contract
AED 85,000/yr12 months · AED 128 per sqft
15 Jul 2025RentedNew contract
AED 85,000/yr12 months · AED 128 per sqft
7 May 2024RentedNew contract
AED 90,000/yr12 months · AED 136 per sqft
2 Aug 2016Sold by developerOff-plan
AED 1,022,768AED 1,544 per sqft

Source: Dubai Land Department. Updated 10 October 2026.

Key facts

Type
1-bed apartment
Size
662 sqft
Floor
11th of 29
Parking
B1-023
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.02M · August 2016
Building
Merano Tower

About 1116, Merano Tower

1116 is a one-bedroom apartment of 662 sqft on the 11th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 August 2016 for AED 1,022,768, or AED 1,544 per sqft, 4% below the AED 1,607 one-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 10 October 2026, is AED 80,000 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1116 over time

Sales
Unit 1116, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical 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, August 2016: AED 1,022,768 (AED 1,544 per sqft)

1116 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1116, each contractTypical one-bed in Merano Tower
50K75K2020202220242026Typical 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, May 2024: AED 90,000 a yearNew contract, July 2025: AED 85,000 a yearNew contract, July 2025: AED 85,000 a yearNew contract, October 2026: AED 80,000 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 1116 sits

All 397 1-beds →

1116 last sold in August 2016 at AED 1,544 per sqft, 4% below what one-beds in Merano Tower were fetching at the time (AED 1,607). 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. 1116's AED 80,000 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 11th floor

All 574 units in Merano Tower
Value
11011-bedAED 990K · Jun 2016
11021-bedAED 1.07M · Jul 2016
11031-bedAED 1.07M · Jul 2016
1104StudioAED 715K · May 2024
11051-bedAED 1.38M · Dec 2024
1106StudioAED 575K · Sep 2019
11071-bedAED 1M · Sep 2026
1–7 of 20

1116, Merano Tower in numbers

  • Sold once: by DAMAC on 2 August 2016 for AED 1,022,768, or AED 1,544 per sqft.
  • Rented since May 2024 on 4 Ejari contracts, from AED 90,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2016 price is 7.8%, 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 10 October 2026.

Questions about 1116, Merano Tower

What did unit 1116 last sell for?

AED 1,022,768 on 2 August 2016, sold by the developer: AED 1,544 per sqft for 662 sqft. It is the only registered sale of the unit.

What is the rent for unit 1116?

AED 80,000 a year on the contract signed on 10 October 2026. The previous contract, from July 2025, was AED 85,000; the unit has been rented since May 2024.

How big is unit 1116?

662 sqft (61.5 sqm): a one-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.

What is unit 1116 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 1116, Merano Tower

Starts from the last sale price (AED 1.02M, 2 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,022,768
Deposit, UAE resident (20%)
AED 204,554
Deposit, non-resident (40%)
AED 409,107
Monthly over 25 years at 3.7%
AED 4,184

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