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1-bed · 662 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1216, Merano Tower

Sold prices and rental history: sold twice, last in August 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216 · DLD and Ejari recordsUpdated 11 January 2026
Last soldAED 640K12 August 2020
Current rentAED 76K /yr11 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, Merano Tower

What is 1216 worth today?

Last sold for AED 640,000 in 2020

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11 Jan 2026RentedRenewal
AED 76,000/yr12 months · AED 116 per sqft
11 Jan 2025RentedNew contract
AED 76,000/yr12 months · AED 114 per sqft
11 Jan 2025RentedNew contract
AED 76,000/yr12 months · AED 114 per sqft
4 Nov 2023RentedRenewal
AED 70,000/yr9 months · AED 105 per sqft
4 Nov 2022RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
1 Nov 2021RentedRenewal
AED 50,000/yr12 months · AED 75 per sqft
1 Nov 2020RentedNew contract
AED 46,000/yr12 months · AED 69 per sqft
12 Aug 2020SoldReady
AED 640,000AED 966 per sqft

Source: Dubai Land Department. Updated 11 January 2026.

Key facts

Type
1-bed apartment
Size
662 sqft
Floor
12th of 29
Parking
B1-038
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 640K · August 2020
Building
Merano Tower

About 1216, Merano Tower

1216 is a one-bedroom apartment of 662 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 12 August 2020 for AED 640,000, or AED 966 per sqft, 40% below the AED 1,609 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 11 January 2026, is AED 76,000 a year: a gross yield of 11.9% on the 2020 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical one-bed in Merano Tower
750K1M1.25M2016201920222025Typical 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, October 2019: AED 1,169,450 (AED 1,765 per sqft)Sold, August 2020: AED 640,000 (AED 966 per sqft)

1216 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1216, 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, November 2020: AED 46,000 a yearRenewal, November 2021: AED 50,000 a yearNew contract, November 2022: AED 70,000 a yearRenewal, November 2023: AED 70,000 a yearNew contract, January 2025: AED 76,000 a yearNew contract, January 2025: AED 76,000 a yearRenewal, January 2026: AED 76,000 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 1216 sits

All 397 1-beds →

1216 last sold in August 2020 at AED 966 per sqft, 40% below what one-beds in Merano Tower were fetching at the time (AED 1,609). 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. 1216's AED 76,000 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
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

1216, Merano Tower in numbers

  • Sold twice: first on 7 October 2019 for AED 1,169,450, last on 12 August 2020 for AED 640,000 (AED 966 per sqft).
  • Rented since November 2020 on 7 Ejari contracts, from AED 46,000 to AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2020 price is 11.9%, 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 11 January 2026.

Questions about 1216, Merano Tower

What did unit 1216 last sell for?

AED 640,000 on 12 August 2020: AED 966 per sqft for 662 sqft. The unit has 2 registered sales; the first was AED 1,169,450 in October 2019.

What is the rent for unit 1216?

AED 76,000 a year on the contract renewed on 11 January 2026. The previous contract, from January 2025, was AED 76,000; the unit has been rented since November 2020.

How big is unit 1216?

662 sqft (61.5 sqm): a one-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1216 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 1216, Merano Tower

Starts from the last sale price (AED 640K, 12 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 640,000
Deposit, UAE resident (20%)
AED 128,000
Deposit, non-resident (40%)
AED 256,000
Monthly over 25 years at 3.7%
AED 2,618

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