406, Merano Tower
Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Merano Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 327 sqft
- Floor
- 4th of 29
- Parking
- B4-027
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 6,200 /yr
- Last sold
- AED 573K · September 2019
- Building
- Merano Tower
About 406, Merano Tower
406 is a studio of 327 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 5 September 2019 for AED 573,000, or AED 1,752 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 December 2024, is AED 62,000 a year: a gross yield of 10.8% on the 2019 price, before the service charge of about AED 6,200 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Merano Tower, and where 406 sits
All 82 studios →406 last sold in September 2019 at AED 1,752 per sqft, in line with what studios in Merano Tower were fetching at the time (AED 1,801). 406's AED 62,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 381 sqft | 532,000 | 1,396 | ||
| 19 Sep 202519 September 2025 | 331 sqft | 584,259 | 1,764 | ||
| 8 Sep 20258 September 2025 | 334 sqft | 800,000 | 2,393 | ||
| 10 Jun 202510 June 2025 | 331 sqft | 790,000 | 2,386 |
Merano Tower
Building574 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%
Other units on the 4th floor
All 574 units in Merano Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 616 sqft | AED 936KAED 935,971 · Jun 2016June 2016 | 65,000 /yr | |
| 402 | 1-bed | 663 sqft | AED 1.08MAED 1,076,000 · Dec 2018December 2018 | 70,000 /yr | |
| 403 | 1-bed | 670 sqft | AED 805KAED 805,000 · Mar 2021March 2021 | 72,000 /yr | |
| 404 | Studio | 398 sqft | AED 611KAED 610,850 · Jul 2016July 2016 | 50,000 /yr | |
| 405 | 1-bed | 669 sqft | AED 1.06MAED 1,060,000 · Feb 2025February 2025 | 70,000 /yr | |
| 407 | 1-bed | 668 sqft | AED 950KAED 950,000 · Dec 2023December 2023 | 75,000 /yr | |
| 408 | 1-bed | 771 sqft | AED 1.25MAED 1,253,000 · Mar 2022March 2022 | 70,000 /yr | |
| 409 | 1-bed | 644 sqft | AED 1MAED 1,003,950 · Aug 2018August 2018 | 74,000 /yr | |
| 410 | 1-bed | 644 sqft | AED 759KAED 758,520 · Jan 2021January 2021 | 65,000 /yr | |
| 411 | 1-bed | 644 sqft | AED 847KAED 846,720 · Mar 2022March 2022 | 80,000 /yr | |
| 412 | 1-bed | 644 sqft | AED 758KAED 757,540 · Jan 2021January 2021 | 75,000 /yr | |
| 413 | 2-bed | 891 sqft | AED 1.13MAED 1,125,000 · May 2026May 2026 | 90,000 /yr | |
| 414 | 2-bed | 956 sqft | AED 1.4MAED 1,400,000 · Sep 2024September 2024 | 104,420 /yr | |
| 415 | 2-bed | 991 sqft | AED 1.58MAED 1,577,600 · Aug 2016August 2016 | 105,000 /yr | |
| 416 | 1-bed | 662 sqft | AED 1.05MAED 1,052,000 · Apr 2017April 2017 | 78,000 /yr | |
| 417 | 1-bed | 668 sqft | AED 1.06MAED 1,057,000 · Feb 2019February 2019 | 79,000 /yr | |
| 418 | 1-bed | 668 sqft | AED 788KAED 787,920 · Jan 2021January 2021 | 73,000 /yr | |
| 419 | 1-bed | 668 sqft | AED 803KAED 803,000 · Jan 2021January 2021 | 80,000 /yr | |
| 420 | Studio | 334 sqft | AED 700KAED 700,000 · Oct 2024October 2024 | 57,000 /yr | |
| 417A | 1-bed | 753 sqft | AED 1.23MAED 1,234,000 · Nov 2019November 2019 | 75,202 /yr |
406, Merano Tower in numbers
- Sold once: by DAMAC on 5 September 2019 for AED 573,000, or AED 1,752 per sqft.
- Rented since November 2022 on 3 Ejari contracts, from AED 52,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2019 price is 10.8%, before a service charge of about AED 6,200 a year (AED 19.02 per sqft).
Source: Dubai Land Department. Updated 1 December 2024.
Questions about 406, Merano Tower
What did unit 406 last sell for?
AED 573,000 on 5 September 2019, sold by the developer: AED 1,752 per sqft for 327 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 62,000 a year on the contract signed on 1 December 2024. The previous contract, from November 2023, was AED 61,000; the unit has been rented since November 2022.
How big is unit 406?
327 sqft (30.4 sqm): a studio on the 4th floor of a 29-storey tower completed in 2020.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 406, Merano Tower
Starts from the last sale price (AED 573K, 5 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 573,000
- Deposit, UAE resident (20%)
- AED 114,600
- Deposit, non-resident (40%)
- AED 229,200
- Monthly over 25 years at 3.7%
- AED 2,344
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →