1204, Merano Tower
Sold prices and rental history: sold twice, last in December 2024, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1204, Merano Tower
What is 1204 worth today?
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Source: Dubai Land Department. Updated 5 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 12th of 29
- Parking
- B3-127
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 800K · December 2024
- Building
- Merano Tower
About 1204, Merano Tower
1204 is a studio of 398 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 5 December 2024 for AED 800,000, or AED 2,010 per sqft, in line with the AED 2,064 studios in the building were fetching at the time.
One Ejari contract is registered, from 24 May 2023. The current contract, signed on 24 May 2023, is AED 55,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 7,600 a year.
Sales and rents for 1204 over time
1204 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 1204 sits
All 82 studios →1204 last sold in December 2024 at AED 2,010 per sqft, in line with what studios in Merano Tower were fetching at the time (AED 2,064). 1204's AED 55,000 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 12th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 616 sqft | AED 1.1MAED 1,096,000 · Oct 2020October 2020 | 81,000 /yr | |
| 1202 | 1-bed | 670 sqft | AED 1.1MAED 1,100,000 · Feb 2024February 2024 | 81,000 /yr | |
| 1203 | 1-bed | 663 sqft | AED 1.06MAED 1,061,000 · Apr 2017April 2017 | 83,000 /yr | |
| 1205 | 1-bed | 669 sqft | AED 1.08MAED 1,081,000 · Feb 2019February 2019 | 86,000 /yr | |
| 1206 | Studio | 331 sqft | AED 425KAED 425,000 · Jun 2021June 2021 | 58,500 /yr | |
| 1207 | 1-bed | 668 sqft | AED 880KAED 880,000 · Mar 2022March 2022 | 92,000 /yr | |
| 1208 | 1-bed | 771 sqft | AED 1.34MAED 1,336,000 · Dec 2022December 2022 | ||
| 1209 | 1-bed | 644 sqft | AED 986KAED 985,800 · Jun 2016June 2016 | 65,000 /yr | |
| 1210 | 1-bed | 644 sqft | AED 1.05MAED 1,050,000 · Apr 2026April 2026 | 75,000 /yr | |
| 1211 | 1-bed | 644 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 74,400 /yr | |
| 1212 | 1-bed | 635 sqft | AED 1MAED 1,000,100 · Sep 2019September 2019 | 61,000 /yr | |
| 1213 | 2-bed | 891 sqft | AED 1.4MAED 1,400,000 · Mar 2026March 2026 | 108,254 /yr | |
| 1214 | 2-bed | 956 sqft | AED 1.51MAED 1,508,800 · Aug 2016August 2016 | 110,000 /yr | |
| 1215 | 2-bed | 991 sqft | AED 1.58MAED 1,577,600 · Aug 2016August 2016 | 110,000 /yr | |
| 1216 | 1-bed | 662 sqft | AED 640KAED 640,000 · Aug 2020August 2020 | 76,000 /yr | |
| 1217 | 1-bed | 668 sqft | AED 940KAED 940,000 · May 2023May 2023 | 70,000 /yr | |
| 1218 | 1-bed | 668 sqft | AED 1.08MAED 1,078,400 · Apr 2017April 2017 | 77,791 /yr | |
| 1219 | 1-bed | 668 sqft | AED 1.1MAED 1,100,000 · Feb 2026February 2026 | 79,786 /yr | |
| 1220 | Studio | 334 sqft | AED 566KAED 566,352 · Aug 2016August 2016 | 55,000 /yr | |
| 1217A | 1-bed | 753 sqft | AED 1.24MAED 1,240,000 · Nov 2019November 2019 | 73,000 /yr |
1204, Merano Tower in numbers
- Sold twice: first on 1 August 2022 for AED 610,000, last on 5 December 2024 for AED 800,000 (AED 2,010 per sqft).
- Rented since May 2023 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 5 December 2024.
Questions about 1204, Merano Tower
What did unit 1204 last sell for?
AED 800,000 on 5 December 2024: AED 2,010 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 610,000 in August 2022.
What is the rent for unit 1204?
AED 55,000 a year on the contract signed on 24 May 2023.
How big is unit 1204?
398 sqft (37.0 sqm): a studio on the 12th floor of a 29-storey tower completed in 2020.
What is unit 1204 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 1204, Merano Tower
Starts from the last sale price (AED 800K, 5 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →