1517, Merano Tower
Sold prices and rental history: sold twice, last in February 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1517, Merano Tower
What is 1517 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,455 sqft
- Floor
- 15th of 29
- Parking
- B1-103, B1-104
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 27,700 /yr
- Last sold
- AED 2.38M · February 2025
- Building
- Merano Tower
About 1517, Merano Tower
1517 is a three-bedroom apartment of 1,455 sqft on the 15th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 20 February 2025 for AED 2,375,000, or AED 1,632 per sqft.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 August 2024, is AED 105,000 a year: a gross yield of 4.4% on the 2025 price, before the service charge of about AED 27,700 a year.
Sales and rents for 1517 over time
1517 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Merano Tower, and where 1517 sits
All 11 3-beds →1517's AED 105,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202514 January 2025 | 1,455 sqft | 3,008,000 | 2,067 | ||
| 3 Nov 20233 November 2023 | 1,455 sqft | 2,200,000 | 1,512 | ||
| 12 Sep 202312 September 2023 | 1,455 sqft | 1,815,000 | 1,247 | ||
| 3 Aug 20233 August 2023 | 1,455 sqft | 2,200,000 | 1,512 |
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 | |
| 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 | |
| 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 |
1517, Merano Tower in numbers
- Sold twice: first on 22 June 2016 for AED 2,242,560, last on 20 February 2025 for AED 2,375,000 (AED 1,632 per sqft).
- Rented since May 2021 on 3 Ejari contracts, from AED 85,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2025 price is 4.4%, before a service charge of about AED 27,700 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 20 February 2025.
Questions about 1517, Merano Tower
What did unit 1517 last sell for?
AED 2,375,000 on 20 February 2025: AED 1,632 per sqft for 1,455 sqft. The unit has 2 registered sales; the first was AED 2,242,560 in June 2016.
What is the rent for unit 1517?
AED 105,000 a year on the contract signed on 1 August 2024. The previous contract, from May 2022, was AED 90,000; the unit has been rented since May 2021.
How big is unit 1517?
1,455 sqft (135.2 sqm): a three-bedroom apartment on the 15th floor of a 29-storey tower completed in 2020.
What is unit 1517 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 1517, Merano Tower
Starts from the last sale price (AED 2.38M, 20 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,375,000
- Deposit, UAE resident (20%)
- AED 475,000
- Deposit, non-resident (40%)
- AED 950,000
- Monthly over 25 years at 3.7%
- AED 9,717
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →