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1-bed · 663 sqftMerano Tower, Business Bay · 4th floor · completed 2020

402, Merano Tower

Sold prices and rental history: sold once, by the developer in December 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 4 January 2026
Last soldAED 1.08M19 December 2018
Current rentAED 70K /yr4 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Merano Tower

What is 402 worth today?

Last sold for AED 1,076,000 in 2018

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4 Jan 2026RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
4 Jan 2026RentedNew contract
AED 70,000/yr12 months · AED 106 per sqft
4 Jan 2025RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
4 Jan 2025RentedNew contract
AED 70,000/yr12 months · AED 105 per sqft
1 Aug 2024RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
5 Jan 2023RentedRenewal
AED 54,625/yr12 months · AED 82 per sqft
5 Jan 2022RentedRenewal
AED 47,500/yr12 months · AED 71 per sqft
5 Jan 2021RentedNew contract
AED 44,500/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 4 January 2026.

Key facts

Type
1-bed apartment
Size
663 sqft
Floor
4th of 29
Parking
B3-005
Developer
DAMAC
Completed
2020
Service charge
AED 12,600 /yr
Last sold
AED 1.08M · December 2018
Building
Merano Tower

About 402, Merano Tower

402 is a one-bedroom apartment of 663 sqft on the 4th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 19 December 2018 for AED 1,076,000, or AED 1,623 per sqft, in line with the AED 1,617 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, signed on 4 January 2026, is AED 70,000 a year: a gross yield of 6.5% on the 2018 price, before the service charge of about AED 12,600 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, December 2018: AED 1,076,000 (AED 1,623 per sqft)

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

Rents
Unit 402, each contractTypical one-bed in Merano Tower
25K50K75K2020202220242026Typical 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, January 2021: AED 44,500 a yearRenewal, January 2022: AED 47,500 a yearRenewal, January 2023: AED 54,625 a yearNew contract, August 2024: AED 30,000 a yearNew contract, January 2025: AED 70,000 a yearNew contract, January 2025: AED 70,000 a yearNew contract, January 2026: AED 70,000 a yearNew contract, January 2026: AED 70,000 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 402 sits

All 397 1-beds →

402 last sold in December 2018 at AED 1,623 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,617). 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. 402's AED 70,000 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 4th floor

All 574 units in Merano Tower
Value
4011-bedAED 936K · Jun 2016
4031-bedAED 805K · Mar 2021
404StudioAED 611K · Jul 2016
4051-bedAED 1.06M · Feb 2025
406StudioAED 573K · Sep 2019
4071-bedAED 950K · Dec 2023
4081-bedAED 1.25M · Mar 2022
1–7 of 20

402, Merano Tower in numbers

  • Sold once: by DAMAC on 19 December 2018 for AED 1,076,000, or AED 1,623 per sqft.
  • Rented since January 2021 on 8 Ejari contracts. The rent fell from AED 44,500 to AED 30,000 in 2024 and recovered to AED 70,000 by January 2026.
  • At AED 70,000 a year the gross yield on the 2018 price is 6.5%, 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 4 January 2026.

Questions about 402, Merano Tower

What did unit 402 last sell for?

AED 1,076,000 on 19 December 2018, sold by the developer: AED 1,623 per sqft for 663 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 70,000 a year on the contract signed on 4 January 2026. The previous contract, from January 2026, was AED 70,000; the unit has been rented since January 2021.

How big is unit 402?

663 sqft (61.6 sqm): a one-bedroom apartment on the 4th floor of a 29-storey tower completed in 2020.

What is unit 402 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 402, Merano Tower

Starts from the last sale price (AED 1.08M, 19 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,076,000
Deposit, UAE resident (20%)
AED 215,200
Deposit, non-resident (40%)
AED 430,400
Monthly over 25 years at 3.7%
AED 4,402

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