1-bed · 670 sqftMerano Tower, Business Bay · 15th floor · completed 2020

1503, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in April 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1503 · DLD and Ejari recordsUpdated 15 November 2025

Last soldAED 1.01M9 April 2025

Current rentAED 77K /yr15 November 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1503, Merano Tower

Today

What is 1503 worth today?

Last sold for AED 1,005,000 in 2025

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15 Nov 2025

15 Nov 2025RentedRenewal

AED 77,000/yr12 months · AED 115 per sqft

9 Apr 2025

9 Apr 2025SoldReady

AED 1,005,000AED 1,500 per sqft

15 Nov 2024

15 Nov 2024RentedRenewal

AED 73,000/yr12 months · AED 109 per sqft

15 Nov 2024

15 Nov 2024RentedNew contract

AED 73,000/yr12 months · AED 109 per sqft

15 Nov 2023

15 Nov 2023RentedNew contract

AED 73,000/yr12 months · AED 109 per sqft

19 Apr 2022

19 Apr 2022RentedRenewal

AED 51,750/yr12 months · AED 77 per sqft

19 Apr 2021

19 Apr 2021RentedNew contract

AED 45,000/yr12 months · AED 67 per sqft

6 Dec 2016

6 Dec 2016Sold by developerOff-plan

AED 1,065,600AED 1,607 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type: 1-bed apartment
Size: 670 sqft
Floor: 15th of 29
Parking: B1-075
Developer: DAMAC
Completed: 2020
Service charge: AED 12,700 /yr
Last sold: AED 1.01M · April 2025
Building: Merano Tower

About 1503, Merano Tower

1503 is a one-bedroom apartment of 670 sqft on the 15th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 9 April 2025 for AED 1,005,000, or AED 1,500 per sqft, 6% below the AED 1,601 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 15 November 2025, is AED 77,000 a year: a gross yield of 7.7% on the 2025 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1503 over time

Sales

Unit 1503, each saleTypical one-bed in Merano Tower

1503 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1503, each contractTypical one-bed in Merano Tower

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 1503 sits

All 397 1-beds →

1-beds in Merano Tower · last 12 months1,556 /sqft Merano Tower · all types1,555 /sqft

1503 last sold in April 2025 at AED 1,500 per sqft, 6% below what one-beds in Merano Tower were fetching at the time (AED 1,601). 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. 1503's AED 77,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
1 Oct 20261 October 2026	668 sqft	1,040,000	1,556
28 Sep 202628 September 2026	670 sqft	1,000,000	1,492
28 Sep 202628 September 2026	668 sqft	1,000,000	1,497
18 Sep 202618 September 2026	668 sqft	990,000	1,482

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 15th floor

All 574 units in Merano Tower


1501	1-bed	616 sqft	AED 1.1MAED 1,100,000 · Oct 2025October 2025	69,300 /yr
1502	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Oct 2016October 2016	73,000 /yr
1504	Studio	398 sqft	AED 869KAED 869,250 · Nov 2016November 2016	72,000 /yr
1505	1-bed	669 sqft	AED 1.1MAED 1,100,000 · Nov 2025November 2025	85,000 /yr
1506	Studio	327 sqft	AED 586KAED 586,000 · Dec 2016December 2016	60,000 /yr
1507	1-bed	668 sqft	AED 1.06MAED 1,060,000 · Nov 2025November 2025	69,469 /yr
1508	1-bed	771 sqft	AED 1.2MAED 1,200,000 · Nov 2025November 2025	60,400 /yr
1509	1-bed	644 sqft	AED 1.02MAED 1,018,872 · Jun 2016June 2016	90,000 /yr
1510	1-bed	644 sqft	AED 1.12MAED 1,120,000 · Sep 2024September 2024	85,000 /yr
1511	1-bed	644 sqft	AED 1.02MAED 1,020,528 · Jun 2016June 2016	65,000 /yr
1512	1-bed	644 sqft	AED 826KAED 826,000 · Feb 2023February 2023	65,000 /yr
1513	2-bed	891 sqft	AED 1.27MAED 1,266,000 · Apr 2022April 2022
1514	2-bed	956 sqft	AED 1.53MAED 1,525,000 · May 2017May 2017	100,000 /yr
1515	2-bed	993 sqft	AED 1.77MAED 1,770,000 · Jan 2025January 2025	110,000 /yr
1516	1-bed	664 sqft	AED 1.21MAED 1,206,576 · May 2016May 2016	80,000 /yr
1517	3-bed	1,455 sqft	AED 2.38MAED 2,375,000 · Feb 2025February 2025	105,000 /yr
1518	1-bed	668 sqft	AED 1.08MAED 1,082,000 · Sep 2019September 2019	76,000 /yr
1519	1-bed	668 sqft	AED 1.06MAED 1,061,015 · Aug 2016August 2016	90,000 /yr
1520	Studio	334 sqft	AED 590KAED 590,000 · Feb 2020February 2020	52,000 /yr

1–7 of 19

1503, Merano Tower in numbers

Sold twice: first on 6 December 2016 for AED 1,065,600, last on 9 April 2025 for AED 1,005,000 (AED 1,500 per sqft).
Rented since April 2021 on 6 Ejari contracts, from AED 45,000 to AED 77,000 a year.
At AED 77,000 a year the gross yield on the 2025 price is 7.7%, 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 15 November 2025.

Questions about 1503, Merano Tower

What did unit 1503 last sell for?

AED 1,005,000 on 9 April 2025: AED 1,500 per sqft for 670 sqft. The unit has 2 registered sales; the first was AED 1,065,600 in December 2016.

What is the rent for unit 1503?

AED 77,000 a year on the contract renewed on 15 November 2025. The previous contract, from November 2024, was AED 73,000; the unit has been rented since April 2021.

How big is unit 1503?

670 sqft (62.2 sqm): a one-bedroom apartment on the 15th floor of a 29-storey tower completed in 2020.

What is unit 1503 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 1503, Merano Tower

Starts from the last sale price (AED 1.01M, 9 April 2025). Switch to today's estimate once you have unlocked it.

Price: AED 1,005,000
Deposit, UAE resident (20%): AED 201,000
Deposit, non-resident (40%): AED 402,000
Monthly over 25 years at 3.7%: AED 4,112

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