1511, Merano Tower
Sold prices and rental history: sold once, by the developer in June 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 1511, Merano Tower
What is 1511 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 15th of 29
- Parking
- B1-080
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.02M · June 2016
- Building
- Merano Tower
About 1511, Merano Tower
1511 is a one-bedroom apartment of 644 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 22 June 2016 for AED 1,020,528, or AED 1,584 per sqft, in line with the AED 1,604 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 11 Ejari contracts. The current contract, signed on 1 September 2026, is AED 65,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1511 over time
1511 has sold once; the dashed line is the one-bed median of each year in the building.
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 1511 sits
All 397 1-beds →1511 last sold in June 2016 at AED 1,584 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,604). 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. 1511's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 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 | |
| 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 |
1511, Merano Tower in numbers
- Sold once: by DAMAC on 22 June 2016 for AED 1,020,528, or AED 1,584 per sqft.
- Rented since September 2020 on 11 Ejari contracts, from AED 43,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 12,300 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 1 September 2026.
Questions about 1511, Merano Tower
What did unit 1511 last sell for?
AED 1,020,528 on 22 June 2016, sold by the developer: AED 1,584 per sqft for 644 sqft. It is the only registered sale of the unit.
What is the rent for unit 1511?
AED 65,000 a year on the contract signed on 1 September 2026. The previous contract, from February 2026, was AED 80,000; the unit has been rented since September 2020.
How big is unit 1511?
644 sqft (59.8 sqm): a one-bedroom apartment on the 15th floor of a 29-storey tower completed in 2020.
What is unit 1511 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 1511, Merano Tower
Starts from the last sale price (AED 1.02M, 22 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,528
- Deposit, UAE resident (20%)
- AED 204,106
- Deposit, non-resident (40%)
- AED 408,211
- Monthly over 25 years at 3.7%
- AED 4,175
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →