1118, Merano Tower
Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1118, Merano Tower
What is 1118 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 668 sqft
- Floor
- 11th of 29
- Parking
- B1-026
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.17M · December 2022
- Building
- Merano Tower
About 1118, Merano Tower
1118 is a one-bedroom apartment of 668 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 27 December 2022 for AED 1,168,000, or AED 1,749 per sqft, 21% above the AED 1,446 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1118 over time
1118 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 1118 sits
All 397 1-beds →1118 last sold in December 2022 at AED 1,749 per sqft, 21% above what one-beds in Merano Tower were fetching at the time (AED 1,446). 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.
| 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 11th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 616 sqft | AED 990KAED 990,495 · Jun 2016June 2016 | 80,000 /yr | |
| 1102 | 1-bed | 663 sqft | AED 1.07MAED 1,065,600 · Jul 2016July 2016 | 74,000 /yr | |
| 1103 | 1-bed | 663 sqft | AED 1.07MAED 1,065,600 · Jul 2016July 2016 | 68,000 /yr | |
| 1104 | Studio | 398 sqft | AED 715KAED 715,000 · May 2024May 2024 | 59,000 /yr | |
| 1105 | 1-bed | 669 sqft | AED 1.38MAED 1,383,000 · Dec 2024December 2024 | ||
| 1106 | Studio | 327 sqft | AED 575KAED 575,000 · Sep 2019September 2019 | 60,000 /yr | |
| 1107 | 1-bed | 668 sqft | AED 1MAED 1,000,000 · Sep 2026September 2026 | 80,000 /yr | |
| 1108 | 1-bed | 771 sqft | AED 1.22MAED 1,217,600 · Dec 2016December 2016 | 86,000 /yr | |
| 1109 | 1-bed | 644 sqft | AED 1MAED 1,000,000 · May 2016May 2016 | 77,000 /yr | |
| 1110 | 1-bed | 644 sqft | AED 862KAED 862,433 · Apr 2022April 2022 | 70,000 /yr | |
| 1111 | 1-bed | 635 sqft | AED 1.02MAED 1,016,000 · Jan 2017January 2017 | 50,000 /yr | |
| 1112 | 1-bed | 644 sqft | AED 761KAED 761,460 · Jan 2021January 2021 | 80,000 /yr | |
| 1113 | 2-bed | 891 sqft | AED 1.51MAED 1,510,000 · Dec 2022December 2022 | 119,678 /yr | |
| 1114 | 2-bed | 956 sqft | AED 1.51MAED 1,508,800 · May 2016May 2016 | 90,000 /yr | |
| 1115 | 2-bed | 991 sqft | AED 1.17MAED 1,172,325 · Dec 2020December 2020 | 75,000 /yr | |
| 1116 | 1-bed | 662 sqft | AED 1.02MAED 1,022,768 · Aug 2016August 2016 | 80,000 /yr | |
| 1117 | 1-bed | 668 sqft | AED 779KAED 779,100 · Jan 2021January 2021 | 75,000 /yr | |
| 1119 | 1-bed | 668 sqft | AED 1.06MAED 1,063,000 · May 2017May 2017 | 70,000 /yr | |
| 1120 | Studio | 334 sqft | AED 593KAED 593,000 · Apr 2017April 2017 | 66,000 /yr | |
| 1117A | 1-bed | 753 sqft | AED 1.38MAED 1,377,500 · Feb 2024February 2024 | 67,000 /yr |
1118, Merano Tower in numbers
- Sold once: by DAMAC on 27 December 2022 for AED 1,168,000, or AED 1,749 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 27 December 2022.
Questions about 1118, Merano Tower
What did unit 1118 last sell for?
AED 1,168,000 on 27 December 2022, sold by the developer: AED 1,749 per sqft for 668 sqft. It is the only registered sale of the unit.
How big is unit 1118?
668 sqft (62.1 sqm): a one-bedroom apartment on the 11th floor of a 29-storey tower completed in 2020.
What is unit 1118 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 1118, Merano Tower
Starts from the last sale price (AED 1.17M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,168,000
- Deposit, UAE resident (20%)
- AED 233,600
- Deposit, non-resident (40%)
- AED 467,200
- Monthly over 25 years at 3.7%
- AED 4,779
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →