Home
Dubai prices
About
Research
1-bed · 663 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1203, Merano Tower

Sold prices and rental history: sold once, by the developer in April 2017, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 19 October 2025
Last soldAED 1.06M10 April 2017
Current rentAED 83K /yr19 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1203

Property timeline for 1203, Merano Tower

What is 1203 worth today?

Last sold for AED 1,061,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Oct 2025RentedRenewal
AED 83,000/yr12 months · AED 124 per sqft
19 Oct 2024RentedNew contract
AED 80,000/yr12 months · AED 119 per sqft
19 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 119 per sqft
10 Apr 2017Sold by developerOff-plan
AED 1,061,000AED 1,600 per sqft

Source: Dubai Land Department. Updated 19 October 2025.

Key facts

Type
1-bed apartment
Size
663 sqft
Floor
12th of 29
Parking
B1-030
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.06M · April 2017
Building
Merano Tower

About 1203, Merano Tower

1203 is a one-bedroom apartment of 663 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 10 April 2017 for AED 1,061,000, or AED 1,600 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 19 October 2025, is AED 83,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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, April 2017: AED 1,061,000 (AED 1,600 per sqft)

1203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, 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, January 2024: AED 80,000 a yearNew contract, October 2024: AED 80,000 a yearRenewal, October 2025: AED 83,000 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 1203 sits

All 397 1-beds →

1203 last sold in April 2017 at AED 1,600 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 1203's AED 83,000 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
12021-bedAED 1.1M · Feb 2024
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

1203, Merano Tower in numbers

  • Sold once: by DAMAC on 10 April 2017 for AED 1,061,000, or AED 1,600 per sqft.
  • Rented since January 2024 on 3 Ejari contracts, from AED 80,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2017 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 19 October 2025.

Questions about 1203, Merano Tower

What did unit 1203 last sell for?

AED 1,061,000 on 10 April 2017, sold by the developer: AED 1,600 per sqft for 663 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 83,000 a year on the contract renewed on 19 October 2025. The previous contract, from October 2024, was AED 80,000; the unit has been rented since January 2024.

How big is unit 1203?

663 sqft (61.6 sqm): a one-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1203 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.

Selling 1203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1203, Merano Tower

Starts from the last sale price (AED 1.06M, 10 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,061,000
Deposit, UAE resident (20%)
AED 212,200
Deposit, non-resident (40%)
AED 424,400
Monthly over 25 years at 3.7%
AED 4,341

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