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1-bed · 668 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1607, Merano Tower

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 11 March 2024
Last soldAED 1.06M4 May 2017
Current rentAED 66K /yr11 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1607, Merano Tower

What is 1607 worth today?

Last sold for AED 1,061,000 in 2017

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11 Mar 2024RentedRenewal
AED 65,800/yr12 months · AED 99 per sqft
11 Mar 2023RentedRenewal
AED 61,800/yr12 months · AED 93 per sqft
11 Mar 2022RentedNew contract
AED 58,000/yr12 months · AED 87 per sqft
1 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
4 May 2017Sold by developerOff-plan
AED 1,061,000AED 1,588 per sqft

Source: Dubai Land Department. Updated 11 March 2024.

Key facts

Type
1-bed apartment
Size
668 sqft
Floor
16th of 29
Parking
B1-089
Developer
DAMAC
Completed
2020
Service charge
AED 12,700 /yr
Last sold
AED 1.06M · May 2017
Building
Merano Tower

About 1607, Merano Tower

1607 is a one-bedroom apartment of 668 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 4 May 2017 for AED 1,061,000, or AED 1,588 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 11 March 2024, is AED 65,800 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1607 over time

Sales
Unit 1607, 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, May 2017: AED 1,061,000 (AED 1,588 per sqft)

1607 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1607, 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, September 2021: AED 50,000 a yearNew contract, March 2022: AED 58,000 a yearRenewal, March 2023: AED 61,800 a yearRenewal, March 2024: AED 65,800 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 1607 sits

All 397 1-beds →

1607 last sold in May 2017 at AED 1,588 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 1607's AED 65,800 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
16051-bedAED 1M · Oct 2025
1606StudioAED 435K · Sep 2020
16081-bedAED 1.23M · Jul 2017
1–7 of 19

1607, Merano Tower in numbers

  • Sold once: by DAMAC on 4 May 2017 for AED 1,061,000, or AED 1,588 per sqft.
  • Rented since September 2021 on 4 Ejari contracts, from AED 50,000 to AED 65,800 a year.
  • At AED 65,800 a year the gross yield on the 2017 price is 6.2%, 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 11 March 2024.

Questions about 1607, Merano Tower

What did unit 1607 last sell for?

AED 1,061,000 on 4 May 2017, sold by the developer: AED 1,588 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 1607?

AED 65,800 a year on the contract renewed on 11 March 2024. The previous contract, from March 2023, was AED 61,800; the unit has been rented since September 2021.

How big is unit 1607?

668 sqft (62.1 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1607 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 1607, Merano Tower

Starts from the last sale price (AED 1.06M, 4 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,061,000
Deposit, UAE resident (20%)
AED 212,200
Deposit, non-resident (40%)
AED 424,400
Monthly over 25 years at 3.7%
AED 4,341

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