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1-bed · 669 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1605, Merano Tower

Sold prices and rental history: sold 3 times, last in October 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 9 October 2025
Last soldAED 1M8 October 2025
Current rentAED 86K /yr9 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Merano Tower

What is 1605 worth today?

Last sold for AED 1,000,000 in 2025

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9 Oct 2025RentedNew contract
AED 86,000/yr12 months · AED 129 per sqft
8 Oct 2025SoldReady
AED 1,000,000AED 1,494 per sqft
25 Sep 2023SoldReady
AED 1,050,000AED 1,569 per sqft
28 Jul 2023RentedRenewal
AED 60,500/yr12 months · AED 90 per sqft
28 Jul 2022RentedRenewal
AED 55,000/yr12 months · AED 82 per sqft
28 Jul 2021RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
1 Jul 2020RentedNew contract
AED 54,000/yr12 months · AED 81 per sqft
3 Jun 2020RentedNew contract
AED 81,000/yr12 months · AED 121 per sqft

Source: Dubai Land Department. Updated 9 October 2025.

Key facts

Type
1-bed apartment
Size
669 sqft
Floor
16th of 29
Parking
B1-088
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1M · October 2025
Building
Merano Tower

About 1605, Merano Tower

1605 is a one-bedroom apartment of 669 sqft on the 16th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 8 October 2025 for AED 1,000,000, or AED 1,494 per sqft, 6% below the AED 1,584 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 9 October 2025, is AED 86,000 a year: a gross yield of 8.6% on the 2025 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical one-bed in Merano Tower
800K1M2016201920222025Typical sale price by year: 2016 AED 1,061,015; 2017 AED 1,061,000; 2018 AED 1,069,110; 2019 AED 1,098,000; 2020 AED 995,000; 2021 AED 805,000; 2022 AED 982,000; 2023 AED 970,000; 2024 AED 1,100,000; 2025 AED 1,060,000; 2026 AED 1,075,000Sold by developer, July 2016: AED 1,065,600 (AED 1,592 per sqft)Sold, September 2023: AED 1,050,000 (AED 1,569 per sqft)Sold, October 2025: AED 1,000,000 (AED 1,494 per sqft)

1605 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1605, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 75,000New contract, June 2020: AED 81,000 a yearNew contract, July 2020: AED 54,000 a yearNew contract, July 2021: AED 50,000 a yearRenewal, July 2022: AED 55,000 a yearRenewal, July 2023: AED 60,500 a yearNew contract, October 2025: AED 86,000 a year

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 1605 sits

All 397 1-beds →

1605 last sold in October 2025 at AED 1,494 per sqft, 6% below what one-beds in Merano Tower were fetching at the time (AED 1,584). 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. 1605's AED 86,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 20261,040,000
28 Sep 20261,000,000
28 Sep 20261,000,000
18 Sep 2026990,000
21 1-bed sales in the last 12 months

Merano Tower

Building

574 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%
Merano Tower, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 574 units in Merano Tower
Value
16011-bedAED 1.01M · Jun 2016
16021-bedAED 1.07M · Dec 2016
16031-bedAED 1.11M · Jun 2016
1604StudioAED 710K · Feb 2024
1606StudioAED 435K · Sep 2020
16071-bedAED 1.06M · May 2017
16081-bedAED 1.23M · Jul 2017
1–7 of 19

1605, Merano Tower in numbers

  • Sold 3 times: first on 26 July 2016 for AED 1,065,600, last on 8 October 2025 for AED 1,000,000 (AED 1,494 per sqft).
  • Rented since June 2020 on 6 Ejari contracts. The rent fell from AED 81,000 to AED 50,000 in 2021 and recovered to AED 86,000 by October 2025.
  • At AED 86,000 a year the gross yield on the 2025 price is 8.6%, before a service charge of about AED 12,700 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 9 October 2025.

Questions about 1605, Merano Tower

What did unit 1605 last sell for?

AED 1,000,000 on 8 October 2025: AED 1,494 per sqft for 669 sqft. The unit has 3 registered sales; the first was AED 1,065,600 in July 2016.

What is the rent for unit 1605?

AED 86,000 a year on the contract signed on 9 October 2025. The previous contract, from July 2023, was AED 60,500; the unit has been rented since June 2020.

How big is unit 1605?

669 sqft (62.2 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1605 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 1605, Merano Tower

Starts from the last sale price (AED 1M, 8 October 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →