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2-bed · 991 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1215, Merano Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1215 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 1.58M18 August 2016
Current rentAED 110K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1215, Merano Tower

What is 1215 worth today?

Last sold for AED 1,577,600 in 2016

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15 Oct 2025RentedNew contract
AED 110,000/yr12 months · AED 111 per sqft
14 Oct 2024RentedNew contract
AED 110,000/yr12 months · AED 111 per sqft
1 Feb 2023RentedNew contract
AED 100,000/yr12 months · AED 101 per sqft
18 Aug 2016Sold by developerOff-plan
AED 1,577,600AED 1,592 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
2-bed apartment
Size
991 sqft
Floor
12th of 29
Parking
P1-015
Developer
DAMAC
Completed
2020
Service charge
AED 18,800 /yr
Last sold
AED 1.58M · August 2016
Building
Merano Tower

About 1215, Merano Tower

1215 is a two-bedroom apartment of 991 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 18 August 2016 for AED 1,577,600, or AED 1,592 per sqft, in line with the AED 1,592 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 15 October 2025, is AED 110,000 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 18,800 a year.

Sales and rents for 1215 over time

Sales
Unit 1215, each saleTypical two-bed in Merano Tower
1.2M1.4M1.6M2016201920222025Typical sale price by year: 2016 AED 1,508,900; 2017 AED 1,509,000; 2018 AED 1,416,000; 2019 AED 1,525,000; 2020 AED 1,169,783; 2021 AED 1,171,100; 2022 AED 1,292,540; 2023 AED 1,550,000; 2024 AED 1,477,500; 2025 AED 1,425,000; 2026 AED 1,310,000Sold by developer, August 2016: AED 1,577,600 (AED 1,592 per sqft)

1215 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1215, each contractTypical two-bed in Merano Tower
75K100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 105,000; 2026 AED 100,000New contract, February 2023: AED 100,000 a yearNew contract, October 2024: AED 110,000 a yearNew contract, October 2025: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Merano Tower, and where 1215 sits

All 84 2-beds →

1215 last sold in August 2016 at AED 1,592 per sqft, in line with what two-beds in Merano Tower were fetching at the time (AED 1,592). Over the last 12 months two-beds sold for AED 1,125,000 to 1,500,000, around AED 1,504 per sqft, and rent for AED 80,000 to 135,000 a year. 1215's AED 110,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,450,000
17 Aug 20261,220,000
9 Jul 20261,200,000
11 May 20261,125,000
12 2-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
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
1–7 of 20

1215, Merano Tower in numbers

  • Sold once: by DAMAC on 18 August 2016 for AED 1,577,600, or AED 1,592 per sqft.
  • Rented since February 2023 on 3 Ejari contracts, from AED 100,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 18,800 a year (AED 19.02 per sqft).
  • Two-beds in Merano Tower sold for AED 1,125,000–1,500,000 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 15 October 2025.

Questions about 1215, Merano Tower

What did unit 1215 last sell for?

AED 1,577,600 on 18 August 2016, sold by the developer: AED 1,592 per sqft for 991 sqft. It is the only registered sale of the unit.

What is the rent for unit 1215?

AED 110,000 a year on the contract signed on 15 October 2025. The previous contract, from October 2024, was AED 110,000; the unit has been rented since February 2023.

How big is unit 1215?

991 sqft (92.1 sqm): a two-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1215 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Merano Tower sold for AED 1,125,000 to 1,500,000 in the last 12 months, around AED 1,504 per sqft.

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Mortgage on 1215, Merano Tower

Starts from the last sale price (AED 1.58M, 18 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,577,600
Deposit, UAE resident (20%)
AED 315,520
Deposit, non-resident (40%)
AED 631,040
Monthly over 25 years at 3.7%
AED 6,454

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