1-bed · 644 sqftMerano Tower, Business Bay · 17th floor · completed 2020

1709, 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 twice, last in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1709 · DLD and Ejari recordsUpdated 25 September 2023

Last soldAED 907K19 July 2023

Current rentAED 58K /yr25 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1709, Merano Tower

Today

What is 1709 worth today?

Last sold for AED 907,000 in 2023

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25 Sep 2023

25 Sep 2023RentedRenewal

AED 58,000/yr12 months · AED 90 per sqft

19 Jul 2023

19 Jul 2023SoldReady

AED 907,000AED 1,408 per sqft

25 Sep 2022

25 Sep 2022RentedNew contract

AED 58,000/yr12 months · AED 90 per sqft

25 Aug 2020

25 Aug 2020RentedNew contract

AED 48,000/yr13 months · AED 74 per sqft

8 Jun 2020

8 Jun 2020RentedNew contract

AED 81,000/yr12 months · AED 126 per sqft

6 Nov 2016

6 Nov 2016Sold by developerOff-plan

AED 1,014,400AED 1,596 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type: 1-bed apartment
Size: 644 sqft
Floor: 17th of 29
Parking: B1-120
Developer: DAMAC
Completed: 2020
Service charge: AED 12,200 /yr
Last sold: AED 907K · July 2023
Building: Merano Tower

About 1709, Merano Tower

1709 is a one-bedroom apartment of 644 sqft on the 17th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 19 July 2023 for AED 907,000, or AED 1,408 per sqft, 8% below the AED 1,538 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 25 September 2023, is AED 58,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 12,200 a year.

Sales and rents for 1709 over time

Sales

Unit 1709, each saleTypical one-bed in Merano Tower

1709 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1709, 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 1709 sits

All 397 1-beds →

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

1709 last sold in July 2023 at AED 1,408 per sqft, 8% below what one-beds in Merano Tower were fetching at the time (AED 1,538). 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. 1709's AED 58,000 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 17th floor

All 574 units in Merano Tower


1701	1-bed	616 sqft	AED 965KAED 964,800 · Oct 2016October 2016
1702	1-bed	663 sqft	AED 1.07MAED 1,065,600 · Aug 2016August 2016	88,000 /yr
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
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

1709, Merano Tower in numbers

Sold twice: first on 6 November 2016 for AED 1,014,400, last on 19 July 2023 for AED 907,000 (AED 1,408 per sqft).
Rented since June 2020 on 4 Ejari contracts. The rent fell from AED 81,000 to AED 48,000 in 2020 and recovered to AED 58,000 by September 2023.
At AED 58,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 12,200 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 25 September 2023.

Questions about 1709, Merano Tower

What did unit 1709 last sell for?

AED 907,000 on 19 July 2023: AED 1,408 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 1,014,400 in November 2016.

What is the rent for unit 1709?

AED 58,000 a year on the contract renewed on 25 September 2023. The previous contract, from September 2022, was AED 58,000; the unit has been rented since June 2020.

How big is unit 1709?

644 sqft (59.8 sqm): a one-bedroom apartment on the 17th floor of a 29-storey tower completed in 2020.

What is unit 1709 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 1709, Merano Tower

Starts from the last sale price (AED 907K, 19 July 2023). Switch to today's estimate once you have unlocked it.

Price: AED 907,000
Deposit, UAE resident (20%): AED 181,400
Deposit, non-resident (40%): AED 362,800
Monthly over 25 years at 3.7%: AED 3,711

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