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1-bed · 670 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1202, Merano Tower

Sold prices and rental history: sold twice, last in February 2024, and rented once, from December 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 1.1M22 February 2024
Current rentAED 81K /yr30 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, Merano Tower

What is 1202 worth today?

Last sold for AED 1,100,000 in 2024

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22 Feb 2024SoldReady
AED 1,100,000AED 1,642 per sqft
30 Dec 2021RentedNew contract
AED 81,000/yr12 months · AED 121 per sqft
22 Aug 2021Sold by developerReady
AED 996,000AED 1,487 per sqft

Source: Dubai Land Department. Updated 22 February 2024.

Key facts

Type
1-bed apartment
Size
670 sqft
Floor
12th of 29
Parking
B1-029
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.1M · February 2024
Building
Merano Tower

About 1202, Merano Tower

1202 is a one-bedroom apartment of 670 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 22 February 2024 for AED 1,100,000, or AED 1,642 per sqft, 9% above the AED 1,506 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 30 December 2021. The current contract, signed on 30 December 2021, is AED 81,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, 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 2021: AED 996,000 (AED 1,487 per sqft)Sold, February 2024: AED 1,100,000 (AED 1,642 per sqft)

1202 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1202, 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, December 2021: AED 81,000 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 1202 sits

All 397 1-beds →

1202 last sold in February 2024 at AED 1,642 per sqft, 9% above what one-beds in Merano Tower were fetching at the time (AED 1,506). 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. 1202's AED 81,000 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 12th floor

All 574 units in Merano Tower
Value
12011-bedAED 1.1M · Oct 2020
12031-bedAED 1.06M · Apr 2017
1204StudioAED 800K · Dec 2024
12051-bedAED 1.08M · Feb 2019
1206StudioAED 425K · Jun 2021
12071-bedAED 880K · Mar 2022
12081-bedAED 1.34M · Dec 2022
1–7 of 20

1202, Merano Tower in numbers

  • Sold twice: first on 22 August 2021 for AED 996,000, last on 22 February 2024 for AED 1,100,000 (AED 1,642 per sqft).
  • Rented since December 2021 on one Ejari contract, at AED 81,000 a year.
  • At AED 81,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 12,700 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 22 February 2024.

Questions about 1202, Merano Tower

What did unit 1202 last sell for?

AED 1,100,000 on 22 February 2024: AED 1,642 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 996,000 in August 2021.

What is the rent for unit 1202?

AED 81,000 a year on the contract signed on 30 December 2021.

How big is unit 1202?

670 sqft (62.2 sqm): a one-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1202 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 1202, Merano Tower

Starts from the last sale price (AED 1.1M, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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