1604, Merano Tower
Sold prices and rental history: sold twice, last in February 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1604, Merano Tower
What is 1604 worth today?
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Source: Dubai Land Department. Updated 30 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 16th of 29
- Parking
- B3-140
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 710K · February 2024
- Building
- Merano Tower
About 1604, Merano Tower
1604 is a studio of 398 sqft on the 16th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 20 February 2024 for AED 710,000, or AED 1,784 per sqft, 6% below the AED 1,896 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 30 March 2026, is AED 70,810 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 7,600 a year.
Sales and rents for 1604 over time
1604 has sold twice; 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 1604 sits
All 82 studios →1604 last sold in February 2024 at AED 1,784 per sqft, 6% below what studios in Merano Tower were fetching at the time (AED 1,896). 1604's AED 70,810 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 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 | |
| 1603 | 1-bed | 485 sqft | AED 1.11MAED 1,107,168 · Jun 2016June 2016 | 62,000 /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 |
1604, Merano Tower in numbers
- Sold twice: first on 25 April 2018 for AED 707,000, last on 20 February 2024 for AED 710,000 (AED 1,784 per sqft).
- Rented since March 2025 on 2 Ejari contracts, from AED 68,000 to AED 70,810 a year.
- At AED 70,810 a year the gross yield on the 2024 price is 10.0%, before a service charge of about AED 7,600 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 30 March 2026.
Questions about 1604, Merano Tower
What did unit 1604 last sell for?
AED 710,000 on 20 February 2024: AED 1,784 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 707,000 in April 2018.
What is the rent for unit 1604?
AED 70,810 a year on the contract signed on 30 March 2026. The previous contract, from March 2025, was AED 68,000.
How big is unit 1604?
398 sqft (37.0 sqm): a studio on the 16th floor of a 29-storey tower completed in 2020.
What is unit 1604 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 1604, Merano Tower
Starts from the last sale price (AED 710K, 20 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →