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1-bed · 668 sqftMerano Tower, Business Bay · 12th floor · completed 2020

1217, Merano Tower

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1217 · DLD and Ejari recordsUpdated 27 September 2026
Last soldAED 940K30 May 2023
Current rentAED 70K /yr27 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1217, Merano Tower

What is 1217 worth today?

Last sold for AED 940,000 in 2023

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27 Sep 2026RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
21 Feb 2025RentedNew contract
AED 85,500/yr12 months · AED 128 per sqft
21 Feb 2025RentedNew contract
AED 85,500/yr12 months · AED 128 per sqft
30 Nov 2023RentedNew contract
AED 85,000/yr12 months · AED 127 per sqft
30 May 2023SoldReady
AED 940,000AED 1,406 per sqft
3 Oct 2020RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
27 Jun 2019SoldOff-plan
AED 1,062,000AED 1,589 per sqft
7 Aug 2018Sold by developerOff-plan
AED 1,062,000AED 1,589 per sqft

Source: Dubai Land Department. Updated 27 September 2026.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
12th of 29
Parking
B1-039
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 940K · May 2023
Building
Merano Tower

About 1217, Merano Tower

1217 is a one-bedroom apartment of 668 sqft on the 12th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 30 May 2023 for AED 940,000, or AED 1,406 per sqft, 5% below the AED 1,478 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 27 September 2026, is AED 70,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1217 over time

Sales
Unit 1217, 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 2018: AED 1,062,000 (AED 1,589 per sqft)Sold, June 2019: AED 1,062,000 (AED 1,589 per sqft)Sold, May 2023: AED 940,000 (AED 1,406 per sqft)

1217 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1217, each contractTypical one-bed in Merano Tower
50K75K2020202220242026Typical 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, October 2020: AED 40,000 a yearNew contract, November 2023: AED 85,000 a yearNew contract, February 2025: AED 85,500 a yearNew contract, February 2025: AED 85,500 a yearNew contract, September 2026: AED 70,000 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 1217 sits

All 397 1-beds →

1217 last sold in May 2023 at AED 1,406 per sqft, 5% below what one-beds in Merano Tower were fetching at the time (AED 1,478). 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. 1217's AED 70,000 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

1217, Merano Tower in numbers

  • Sold 3 times: first on 7 August 2018 for AED 1,062,000, last on 30 May 2023 for AED 940,000 (AED 1,406 per sqft).
  • Rented since October 2020 on 5 Ejari contracts, from AED 40,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 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 27 September 2026.

Questions about 1217, Merano Tower

What did unit 1217 last sell for?

AED 940,000 on 30 May 2023: AED 1,406 per sqft for 668 sqft. The unit has 3 registered sales; the first was AED 1,062,000 in August 2018.

What is the rent for unit 1217?

AED 70,000 a year on the contract signed on 27 September 2026. The previous contract, from February 2025, was AED 85,500; the unit has been rented since October 2020.

How big is unit 1217?

668 sqft (62.1 sqm): a one-bedroom apartment on the 12th floor of a 29-storey tower completed in 2020.

What is unit 1217 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 1217, Merano Tower

Starts from the last sale price (AED 940K, 30 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

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