1-bed · 663 sqftMerano Tower, Business Bay · 17th floor · completed 2020

1702, 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 August 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 1702 · DLD and Ejari recordsUpdated 28 June 2024

Last soldAED 1.07M4 August 2016

Current rentAED 88K /yr28 June 2024

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Today's valuefree after one verification

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Property timeline for 1702, Merano Tower

Today

What is 1702 worth today?

Last sold for AED 1,065,600 in 2016

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28 Jun 2024

28 Jun 2024RentedNew contract

AED 88,000/yr12 months · AED 131 per sqft

1 Oct 2023

1 Oct 2023RentedRenewal

AED 82,000/yr12 months · AED 122 per sqft

28 Mar 2023

28 Mar 2023RentedRenewal

AED 61,198/yr6 months · AED 91 per sqft

28 Mar 2022

28 Mar 2022RentedRenewal

AED 55,200/yr12 months · AED 82 per sqft

28 Mar 2021

28 Mar 2021RentedNew contract

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

4 Aug 2016

4 Aug 2016Sold by developerOff-plan

AED 1,065,600AED 1,607 per sqft

Source: Dubai Land Department. Updated 28 June 2024.

Key facts

Type: 1-bed apartment
Size: 663 sqft
Floor: 17th of 29
Parking: B1-099
Developer: DAMAC
Completed: 2020
Service charge: AED 12,600 /yr
Last sold: AED 1.07M · August 2016
Building: Merano Tower

About 1702, Merano Tower

1702 is a one-bedroom apartment of 663 sqft on the 17th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 4 August 2016 for AED 1,065,600, or AED 1,607 per sqft, in line with the AED 1,607 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 28 June 2024, is AED 88,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1702 over time

Sales

Unit 1702, each saleTypical one-bed in Merano Tower

1702 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1702, 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 1702 sits

All 397 1-beds →

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

1702 last sold in August 2016 at AED 1,607 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,607). 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. 1702's AED 88,000 is in the upper 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 17th floor

All 574 units in Merano Tower


1701	1-bed	616 sqft	AED 965KAED 964,800 · Oct 2016October 2016
1703	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Sep 2016September 2016	70,000 /yr
1704	Studio	398 sqft	AED 575KAED 575,000 · Aug 2021August 2021	59,839 /yr
1705	1-bed	669 sqft	AED 1.07MAED 1,065,600 · Sep 2016September 2016	70,000 /yr
1706	Studio	327 sqft	AED 655KAED 655,000 · Oct 2019October 2019	60,000 /yr
1707	1-bed	668 sqft	AED 1.06MAED 1,061,000 · Aug 2017August 2017	50,000 /yr
1708	1-bed	771 sqft	AED 1MAED 1,000,000 · Dec 2022December 2022	100,000 /yr
1709	1-bed	644 sqft	AED 907KAED 907,000 · Jul 2023July 2023	58,000 /yr
1710	1-bed	644 sqft	AED 1.02MAED 1,016,000 · Dec 2023December 2023	70,000 /yr
1711	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Dec 2016December 2016	66,000 /yr
1712	1-bed	635 sqft	AED 1.02MAED 1,016,000 · Nov 2016November 2016	60,000 /yr
1713	2-bed	891 sqft	AED 1.4MAED 1,400,000 · Feb 2026February 2026	85,000 /yr
1714	2-bed	956 sqft	AED 1.47MAED 1,470,000 · Apr 2025April 2025	105,000 /yr
1715	2-bed	982 sqft	AED 1.58MAED 1,578,000 · Mar 2017March 2017	95,000 /yr
1716	1-bed	664 sqft	AED 1.15MAED 1,150,000 · May 2024May 2024	85,000 /yr
1717	1-bed	668 sqft	AED 1.1MAED 1,100,000 · Sep 2026September 2026	50,000 /yr
1718	1-bed	668 sqft	AED 1.15MAED 1,150,000 · Aug 2024August 2024	70,000 /yr
1719	1-bed	668 sqft	AED 1.07MAED 1,065,600 · Feb 2017February 2017	70,000 /yr
1720	Studio	334 sqft	AED 592KAED 592,000 · Apr 2018April 2018	60,000 /yr
1717A	1-bed	753 sqft	AED 1.25MAED 1,247,000 · Mar 2020March 2020	76,000 /yr

1–7 of 20

1702, Merano Tower in numbers

Sold once: by DAMAC on 4 August 2016 for AED 1,065,600, or AED 1,607 per sqft.
Rented since March 2021 on 5 Ejari contracts, from AED 48,000 to AED 88,000 a year.
At AED 88,000 a year the gross yield on the 2016 price is 8.3%, 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 28 June 2024.

Questions about 1702, Merano Tower

What did unit 1702 last sell for?

AED 1,065,600 on 4 August 2016, sold by the developer: AED 1,607 per sqft for 663 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 88,000 a year on the contract signed on 28 June 2024. The previous contract, from October 2023, was AED 82,000; the unit has been rented since March 2021.

How big is unit 1702?

663 sqft (61.6 sqm): a one-bedroom apartment on the 17th floor of a 29-storey tower completed in 2020.

What is unit 1702 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 1702, Merano Tower

Starts from the last sale price (AED 1.07M, 4 August 2016). Switch to today's estimate once you have unlocked it.

Price: AED 1,065,600
Deposit, UAE resident (20%): AED 213,120
Deposit, non-resident (40%): AED 426,240
Monthly over 25 years at 3.7%: AED 4,360

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