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1-bed · 668 sqftMerano Tower, Business Bay · 14th floor · completed 2020

1407, Merano Tower

Sold prices and rental history: sold 3 times, last in July 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 22 July 2025
Last soldAED 1.2M22 July 2025
Current rentAED 65K /yr6 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1407, Merano Tower

What is 1407 worth today?

Last sold for AED 1,200,000 in 2025

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22 Jul 2025SoldReady
AED 1,200,000AED 1,796 per sqft
20 May 2024SoldReady
AED 1,050,000AED 1,572 per sqft
6 Feb 2024RentedRenewal
AED 65,000/yr12 months · AED 97 per sqft
6 Feb 2023RentedRenewal
AED 65,000/yr12 months · AED 97 per sqft
6 Feb 2022RentedNew contract
AED 65,000/yr12 months · AED 97 per sqft
5 Jun 2016Sold by developerOff-plan
AED 1,096,224AED 1,641 per sqft

Source: Dubai Land Department. Updated 22 July 2025.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
14th of 29
Parking
B1-062
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.2M · July 2025
Building
Merano Tower

About 1407, Merano Tower

1407 is a one-bedroom apartment of 668 sqft on the 14th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 22 July 2025 for AED 1,200,000, or AED 1,796 per sqft, 13% above the AED 1,589 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 6 February 2024, is AED 65,000 a year: a gross yield of 5.4% on the 2025 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical one-bed in Merano Tower
800K1M1.2M2016201920222025Typical 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, June 2016: AED 1,096,224 (AED 1,641 per sqft)Sold, May 2024: AED 1,050,000 (AED 1,572 per sqft)Sold, July 2025: AED 1,200,000 (AED 1,796 per sqft)

1407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1407, 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, February 2022: AED 65,000 a yearRenewal, February 2023: AED 65,000 a yearRenewal, February 2024: AED 65,000 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 1407 sits

All 397 1-beds →

1407 last sold in July 2025 at AED 1,796 per sqft, 13% above what one-beds in Merano Tower were fetching at the time (AED 1,589). 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. 1407's AED 65,000 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 14th floor

All 574 units in Merano Tower
Value
14011-bedAED 965K · Dec 2016
14021-bedAED 795K · Jan 2021
14031-bedAED 850K · Jan 2023
1404StudioAED 635K · Jun 2020
14051-bedAED 1.08M · Jul 2018
1406StudioAED 582K · Nov 2017
14081-bedAED 1.14M · Nov 2021
1–7 of 20

1407, Merano Tower in numbers

  • Sold 3 times: first on 5 June 2016 for AED 1,096,224, last on 22 July 2025 for AED 1,200,000 (AED 1,796 per sqft).
  • Rented since February 2022 on 3 Ejari contracts, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2025 price is 5.4%, 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 22 July 2025.

Questions about 1407, Merano Tower

What did unit 1407 last sell for?

AED 1,200,000 on 22 July 2025: AED 1,796 per sqft for 668 sqft. The unit has 3 registered sales; the first was AED 1,096,224 in June 2016.

What is the rent for unit 1407?

AED 65,000 a year on the contract renewed on 6 February 2024. The previous contract, from February 2023, was AED 65,000; the unit has been rented since February 2022.

How big is unit 1407?

668 sqft (62.1 sqm): a one-bedroom apartment on the 14th floor of a 29-storey tower completed in 2020.

What is unit 1407 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 1407, Merano Tower

Starts from the last sale price (AED 1.2M, 22 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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