1504, Merano Tower
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, Merano Tower
What is 1504 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 15th of 29
- Parking
- B3-136
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 869K · November 2016
- Building
- Merano Tower
About 1504, Merano Tower
1504 is a studio of 398 sqft on the 15th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 2 November 2016 for AED 869,250, or AED 2,184 per sqft, 29% above the AED 1,694 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 December 2025, is AED 72,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 7,600 a year.
Sales and rents for 1504 over time
1504 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 1504 sits
All 82 studios →1504 last sold in November 2016 at AED 2,184 per sqft, 29% above what studios in Merano Tower were fetching at the time (AED 1,694). 1504's AED 72,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 381 sqft | 532,000 | 1,396 | ||
| 19 Sep 202519 September 2025 | 331 sqft | 584,259 | 1,764 | ||
| 8 Sep 20258 September 2025 | 334 sqft | 800,000 | 2,393 | ||
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,386 |
Merano Tower
Building574 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%
Other units on the 15th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 1503 | 1-bed | 670 sqft | AED 1.01MAED 1,005,000 · Apr 2025April 2025 | 77,000 /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 |
1504, Merano Tower in numbers
- Sold once: by DAMAC on 2 November 2016 for AED 869,250, or AED 2,184 per sqft.
- Rented since July 2020 on 5 Ejari contracts, from AED 38,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2016 price is 8.3%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 1 December 2025.
Questions about 1504, Merano Tower
What did unit 1504 last sell for?
AED 869,250 on 2 November 2016, sold by the developer: AED 2,184 per sqft for 398 sqft. It is the only registered sale of the unit.
What is the rent for unit 1504?
AED 72,000 a year on the contract signed on 1 December 2025. The previous contract, from September 2024, was AED 60,000; the unit has been rented since July 2020.
How big is unit 1504?
398 sqft (37.0 sqm): a studio on the 15th floor of a 29-storey tower completed in 2020.
What is unit 1504 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1504, Merano Tower
Starts from the last sale price (AED 869K, 2 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 869,250
- Deposit, UAE resident (20%)
- AED 173,850
- Deposit, non-resident (40%)
- AED 347,700
- Monthly over 25 years at 3.7%
- AED 3,556
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →