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1-bed · 635 sqftMerano Tower, Business Bay · 14th floor · completed 2020

1412, Merano Tower

Sold prices and rental history: sold once, by the developer in July 2018, and rented once, from December 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1412 · DLD and Ejari recordsUpdated 20 December 2021
Last soldAED 1.01M19 July 2018
Current rentAED 55K /yr20 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1412, Merano Tower

What is 1412 worth today?

Last sold for AED 1,010,000 in 2018

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20 Dec 2021RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft
19 Jul 2018Sold by developerOff-plan
AED 1,010,000AED 1,590 per sqft

Source: Dubai Land Department. Updated 20 December 2021.

Key facts

Type
1-bed apartment
Size
635 sqft
Floor
14th of 29
Parking
B1-067
Developer
DAMAC
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.01M · July 2018
Building
Merano Tower

About 1412, Merano Tower

1412 is a one-bedroom apartment of 635 sqft on the 14th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 19 July 2018 for AED 1,010,000, or AED 1,590 per sqft, in line with the AED 1,618 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2021. The current contract, signed on 20 December 2021, is AED 55,000 a year: a gross yield of 5.5% on the 2018 price, before the service charge of about AED 12,100 a year.

Sales and rents for 1412 over time

Sales
Unit 1412, 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, July 2018: AED 1,010,000 (AED 1,590 per sqft)

1412 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1412, 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, December 2021: AED 55,000 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 1412 sits

All 397 1-beds →

1412 last sold in July 2018 at AED 1,590 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,618). 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. 1412's AED 55,000 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
14071-bedAED 1.2M · Jul 2025
1–7 of 20

1412, Merano Tower in numbers

  • Sold once: by DAMAC on 19 July 2018 for AED 1,010,000, or AED 1,590 per sqft.
  • Rented since December 2021 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2018 price is 5.5%, before a service charge of about AED 12,100 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 20 December 2021.

Questions about 1412, Merano Tower

What did unit 1412 last sell for?

AED 1,010,000 on 19 July 2018, sold by the developer: AED 1,590 per sqft for 635 sqft. It is the only registered sale of the unit.

What is the rent for unit 1412?

AED 55,000 a year on the contract signed on 20 December 2021.

How big is unit 1412?

635 sqft (59.0 sqm): a one-bedroom apartment on the 14th floor of a 29-storey tower completed in 2020.

What is unit 1412 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 1412, Merano Tower

Starts from the last sale price (AED 1.01M, 19 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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