1-bed · 663 sqftMerano Tower, Business Bay · 6th floor · completed 2020

602, 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 January 2017, 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 602 · DLD and Ejari recordsUpdated 3 October 2026

Last soldAED 1.07M31 January 2017

Current rentAED 75K /yr3 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 602, Merano Tower

Today

What is 602 worth today?

Last sold for AED 1,066,000 in 2017

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3 Oct 2026

3 Oct 2026RentedNew contract

AED 75,000/yr12 months · AED 112 per sqft

1 Oct 2025

1 Oct 2025RentedRenewal

AED 80,000/yr12 months · AED 120 per sqft

1 Oct 2024

1 Oct 2024RentedNew contract

AED 80,000/yr12 months · AED 120 per sqft

10 Oct 2023

10 Oct 2023RentedRenewal

AED 80,000/yr12 months · AED 120 per sqft

10 Oct 2022

10 Oct 2022RentedNew contract

AED 75,000/yr12 months · AED 112 per sqft

1 Oct 2021

1 Oct 2021RentedRenewal

AED 45,000/yr12 months · AED 67 per sqft

1 Oct 2020

1 Oct 2020RentedNew contract

AED 45,000/yr12 months · AED 67 per sqft

31 Jan 2017

31 Jan 2017Sold by developerOff-plan

AED 1,066,000AED 1,607 per sqft

Source: Dubai Land Department. Updated 3 October 2026.

Key facts

Type: 1-bed apartment
Size: 663 sqft
Floor: 6th of 29
Parking: B3-034
Developer: DAMAC
Completed: 2020
Service charge: AED 12,600 /yr
Last sold: AED 1.07M · January 2017
Building: Merano Tower

About 602, Merano Tower

602 is a one-bedroom apartment of 663 sqft on the 6th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. The developer sold it on 31 January 2017 for AED 1,066,000, or AED 1,607 per sqft, in line with the AED 1,599 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 3 October 2026, is AED 75,000 a year: a gross yield of 7.0% on the 2017 price, before the service charge of about AED 12,600 a year.

Sales and rents for 602 over time

Sales

Unit 602, each saleTypical one-bed in Merano Tower

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

Rents

Unit 602, 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 602 sits

All 397 1-beds →

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

602 last sold in January 2017 at AED 1,607 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,599). 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. 602's AED 75,000 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 6th floor

All 574 units in Merano Tower


601	1-bed	616 sqft	AED 1.04MAED 1,040,000 · Dec 2022December 2022	67,000 /yr
603	1-bed	485 sqft	AED 1.09MAED 1,091,664 · Jun 2016June 2016	72,804 /yr
604	Studio	398 sqft	AED 708KAED 708,000 · Aug 2022August 2022	55,000 /yr
605	1-bed	669 sqft	AED 1.08MAED 1,077,000 · Mar 2024March 2024	51,750 /yr
606	Studio	331 sqft	AED 409KAED 408,750 · Nov 2020November 2020	64,000 /yr
607	1-bed	668 sqft	AED 934KAED 933,888 · Jun 2016June 2016	61,000 /yr
608	1-bed	771 sqft	AED 1.26MAED 1,258,000 · Jul 2017July 2017	80,000 /yr
609	1-bed	644 sqft	AED 960KAED 960,000 · May 2024May 2024	65,000 /yr
610	1-bed	644 sqft	AED 709KAED 709,244 · Sep 2020September 2020	72,000 /yr
611	1-bed	644 sqft	AED 718KAED 718,000 · Jul 2020July 2020	70,000 /yr
612	1-bed	644 sqft	AED 750KAED 750,000 · Sep 2022September 2022	78,000 /yr
613	2-bed	891 sqft	AED 1.38MAED 1,380,000 · Nov 2025November 2025	97,150 /yr
614	2-bed	956 sqft	AED 1.2MAED 1,200,000 · Jul 2026July 2026	115,000 /yr
615	2-bed	991 sqft	AED 1.58MAED 1,577,600 · Apr 2017April 2017	105,000 /yr
616	1-bed	662 sqft	AED 1MAED 1,000,000 · Jul 2025July 2025	75,000 /yr
617	1-bed	668 sqft	AED 1.05MAED 1,047,420 · May 2019May 2019	65,000 /yr
618	1-bed	668 sqft	AED 1.14MAED 1,138,760 · Nov 2022November 2022	85,000 /yr
619	1-bed	668 sqft	AED 865KAED 865,000 · Jan 2023January 2023	83,000 /yr
620	Studio	334 sqft	AED 560KAED 559,968 · Aug 2016August 2016	65,000 /yr
617A	1-bed	753 sqft	AED 1.24MAED 1,235,000 · Mar 2022March 2022	100,000 /yr

1–7 of 20

602, Merano Tower in numbers

Sold once: by DAMAC on 31 January 2017 for AED 1,066,000, or AED 1,607 per sqft.
Rented since October 2020 on 7 Ejari contracts, from AED 45,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2017 price is 7.0%, 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 3 October 2026.

Questions about 602, Merano Tower

What did unit 602 last sell for?

AED 1,066,000 on 31 January 2017, 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 602?

AED 75,000 a year on the contract signed on 3 October 2026. The previous contract, from October 2025, was AED 80,000; the unit has been rented since October 2020.

How big is unit 602?

663 sqft (61.6 sqm): a one-bedroom apartment on the 6th floor of a 29-storey tower completed in 2020.

What is unit 602 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 602, Merano Tower

Starts from the last sale price (AED 1.07M, 31 January 2017). Switch to today's estimate once you have unlocked it.

Price: AED 1,066,000
Deposit, UAE resident (20%): AED 213,200
Deposit, non-resident (40%): AED 426,400
Monthly over 25 years at 3.7%: AED 4,361

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