1-bed · 664 sqftMerano Tower, Business Bay · 16th floor · completed 2020

1616, Merano Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1616 · DLD and Ejari recordsUpdated 15 February 2026

Last soldAED 1.21M24 May 2016

Current rentAED 80K /yr15 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1616, Merano Tower

Today

What is 1616 worth today?

Last sold for AED 1,206,576 in 2016

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15 Feb 2026

15 Feb 2026RentedRenewal

AED 80,000/yr12 months · AED 120 per sqft

15 Feb 2025

15 Feb 2025RentedNew contract

AED 80,000/yr12 months · AED 120 per sqft

15 Feb 2025

15 Feb 2025RentedNew contract

AED 80,000/yr12 months · AED 120 per sqft

24 Jan 2024

24 Jan 2024RentedRenewal

AED 80,000/yr12 months · AED 120 per sqft

24 Jan 2023

24 Jan 2023RentedNew contract

AED 71,000/yr12 months · AED 106 per sqft

1 Jan 2022

1 Jan 2022RentedRenewal

AED 48,000/yr12 months · AED 72 per sqft

1 Jan 2021

1 Jan 2021RentedNew contract

AED 48,000/yr12 months · AED 72 per sqft

24 May 2016

24 May 2016Sold by developerOff-plan

AED 1,206,576AED 1,817 per sqft

Source: Dubai Land Department. Updated 15 February 2026.

Key facts

Type: 1-bed apartment
Size: 664 sqft
Floor: 16th of 29
Parking: B1-095
Developer: DAMAC
Completed: 2020
Service charge: AED 12,600 /yr
Last sold: AED 1.21M · May 2016
Building: Merano Tower

About 1616, Merano Tower

1616 is a one-bedroom apartment of 664 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 24 May 2016 for AED 1,206,576, or AED 1,817 per sqft, 13% above the AED 1,608 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 15 February 2026, is AED 80,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1616 over time

Sales

Unit 1616, each saleTypical one-bed in Merano Tower

1616 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1616, each contractTypical one-bed in Merano Tower

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 1616 sits

All 397 1-beds →

1-beds in Merano Tower · last 12 months1,556 /sqft Merano Tower · all types1,555 /sqft

1616 last sold in May 2016 at AED 1,817 per sqft, 13% above what one-beds in Merano Tower were fetching at the time (AED 1,608). 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. 1616's AED 80,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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


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
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
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

1–7 of 19

1616, Merano Tower in numbers

Sold once: by DAMAC on 24 May 2016 for AED 1,206,576, or AED 1,817 per sqft.
Rented since January 2021 on 7 Ejari contracts, from AED 48,000 to AED 80,000 a year.
At AED 80,000 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 12,600 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 February 2026.

Questions about 1616, Merano Tower

What did unit 1616 last sell for?

AED 1,206,576 on 24 May 2016, sold by the developer: AED 1,817 per sqft for 664 sqft. It is the only registered sale of the unit.

What is the rent for unit 1616?

AED 80,000 a year on the contract renewed on 15 February 2026. The previous contract, from February 2025, was AED 80,000; the unit has been rented since January 2021.

How big is unit 1616?

664 sqft (61.7 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2020.

What is unit 1616 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 1616, Merano Tower

Starts from the last sale price (AED 1.21M, 24 May 2016). Switch to today's estimate once you have unlocked it.

Price: AED 1,206,576
Deposit, UAE resident (20%): AED 241,315
Deposit, non-resident (40%): AED 482,630
Monthly over 25 years at 3.7%: AED 4,936

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