1603, Merano Tower
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Merano Tower
What is 1603 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 485 sqft
- Floor
- 16th of 29
- Parking
- B1-087
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.11M · June 2016
- Building
- Merano Tower
About 1603, Merano Tower
1603 is a one-bedroom apartment of 485 sqft on the 16th 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 1,107,168, or AED 2,283 per sqft, 42% above the AED 1,604 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 15 September 2026, is AED 62,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1603 over time
1603 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 1603 sits
All 397 1-beds →1603 last sold in June 2016 at AED 2,283 per sqft, 42% above 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. 1603's AED 62,000 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 16th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 616 sqft | AED 1.01MAED 1,009,584 · Jun 2016June 2016 | 80,216 /yr | |
| 1602 | 1-bed | 663 sqft | AED 1.07MAED 1,065,600 · Dec 2016December 2016 | 62,000 /yr | |
| 1604 | Studio | 398 sqft | AED 710KAED 710,000 · Feb 2024February 2024 | 70,810 /yr | |
| 1605 | 1-bed | 669 sqft | AED 1MAED 1,000,000 · Oct 2025October 2025 | 86,000 /yr | |
| 1606 | Studio | 331 sqft | AED 435KAED 435,000 · Sep 2020September 2020 | 60,000 /yr | |
| 1607 | 1-bed | 668 sqft | AED 1.06MAED 1,061,000 · May 2017May 2017 | 65,800 /yr | |
| 1608 | 1-bed | 771 sqft | AED 1.23MAED 1,232,000 · Jul 2017July 2017 | 75,000 /yr | |
| 1609 | 1-bed | 644 sqft | AED 869KAED 869,400 · Feb 2021February 2021 | 65,000 /yr | |
| 1610 | 1-bed | 644 sqft | AED 750KAED 750,000 · Sep 2020September 2020 | ||
| 1611 | 1-bed | 635 sqft | AED 986KAED 985,520 · Dec 2016December 2016 | ||
| 1612 | 1-bed | 644 sqft | AED 1.12MAED 1,117,000 · Nov 2022November 2022 | 73,500 /yr | |
| 1613 | 2-bed | 891 sqft | AED 1.38MAED 1,384,150 · May 2016May 2016 | 95,000 /yr | |
| 1614 | 2-bed | 956 sqft | AED 1.13MAED 1,132,000 · Feb 2021February 2021 | 100,000 /yr | |
| 1615 | 2-bed | 993 sqft | AED 1.45MAED 1,450,000 · Oct 2026October 2026 | 100,000 /yr | |
| 1616 | 1-bed | 664 sqft | AED 1.21MAED 1,206,576 · May 2016May 2016 | 80,000 /yr | |
| 1617 | 3-bed | 846 sqft | AED 2.37MAED 2,367,552 · Jun 2016June 2016 | 142,000 /yr | |
| 1618 | 1-bed | 668 sqft | AED 1.18MAED 1,177,000 · Nov 2022November 2022 | 82,000 /yr | |
| 1619 | 1-bed | 668 sqft | AED 973KAED 973,000 · Oct 2021October 2021 | ||
| 1620 | Studio | 334 sqft | AED 665KAED 665,000 · Sep 2019September 2019 | 50,000 /yr |
1603, Merano Tower in numbers
- Sold once: by DAMAC on 22 June 2016 for AED 1,107,168, or AED 2,283 per sqft.
- Rented since November 2021 on 6 Ejari contracts, from AED 52,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 9,200 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 September 2026.
Questions about 1603, Merano Tower
What did unit 1603 last sell for?
AED 1,107,168 on 22 June 2016, sold by the developer: AED 2,283 per sqft for 485 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 62,000 a year on the contract signed on 15 September 2026. The previous contract, from November 2025, was AED 73,500; the unit has been rented since November 2021.
How big is unit 1603?
485 sqft (45.1 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.
What is unit 1603 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.
Selling 1603? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1603, Merano Tower
Starts from the last sale price (AED 1.11M, 22 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,107,168
- Deposit, UAE resident (20%)
- AED 221,434
- Deposit, non-resident (40%)
- AED 442,867
- Monthly over 25 years at 3.7%
- AED 4,530
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →