407, Merano Tower
Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Merano Tower
What is 407 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 668 sqft
- Floor
- 4th of 29
- Parking
- B3-008
- Developer
- DAMAC
- Completed
- 2020
- Service charge
- AED 12,700 /yr
- Last sold
- AED 950K · December 2023
- Building
- Merano Tower
About 407, Merano Tower
407 is a one-bedroom apartment of 668 sqft on the 4th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 6 December 2023 for AED 950,000, or AED 1,422 per sqft, 6% below the AED 1,505 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 9 Ejari contracts. The current contract, signed on 1 February 2026, is AED 75,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 12,700 a year.
Sales and rents for 407 over time
407 has sold twice; the dashed line is the one-bed median of each year in the building.
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 407 sits
All 397 1-beds →407 last sold in December 2023 at AED 1,422 per sqft, 6% below what one-beds in Merano Tower were fetching at the time (AED 1,505). 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. 407's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 406 | Studio | 327 sqft | AED 573KAED 573,000 · Sep 2019September 2019 | 62,000 /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 |
407, Merano Tower in numbers
- Sold twice: first on 22 June 2016 for AED 1,069,776, last on 6 December 2023 for AED 950,000 (AED 1,422 per sqft).
- Rented since September 2020 on 9 Ejari contracts, from AED 40,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 12,700 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 1 February 2026.
Questions about 407, Merano Tower
What did unit 407 last sell for?
AED 950,000 on 6 December 2023: AED 1,422 per sqft for 668 sqft. The unit has 2 registered sales; the first was AED 1,069,776 in June 2016.
What is the rent for unit 407?
AED 75,000 a year on the contract signed on 1 February 2026. The previous contract, from October 2025, was AED 80,000; the unit has been rented since September 2020.
How big is unit 407?
668 sqft (62.1 sqm): a one-bedroom apartment on the 4th floor of a 29-storey tower completed in 2020.
What is unit 407 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 407, Merano Tower
Starts from the last sale price (AED 950K, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →