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1-bed · 485 sqftMerano Tower, Business Bay · 6th floor · completed 2020

603, Merano Tower

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 24 January 2026
Last soldAED 1.09M27 June 2016
Current rentAED 73K /yr24 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Merano Tower

What is 603 worth today?

Last sold for AED 1,091,664 in 2016

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24 Jan 2026RentedRenewal
AED 72,804/yr12 months · AED 109 per sqft
24 Jan 2026RentedRenewal
AED 72,804/yr12 months · AED 150 per sqft
23 Jan 2025RentedNew contract
AED 75,796/yr12 months · AED 114 per sqft
23 Jan 2025RentedNew contract
AED 75,796/yr12 months · AED 114 per sqft
2 Dec 2023RentedRenewal
AED 65,000/yr12 months · AED 97 per sqft
3 Dec 2022RentedRenewal
AED 57,359/yr12 months · AED 86 per sqft
3 Dec 2021RentedNew contract
AED 52,000/yr12 months · AED 78 per sqft
27 Jun 2016Sold by developerOff-plan
AED 1,091,664AED 2,251 per sqft

Source: Dubai Land Department. Updated 24 January 2026.

Key facts

Type
1-bed apartment
Size
485 sqft
Floor
6th of 29
Parking
B3-035
Developer
DAMAC
Completed
2020
Service charge
AED 9,200 /yr
Last sold
AED 1.09M · June 2016
Building
Merano Tower

About 603, Merano Tower

603 is a one-bedroom apartment of 485 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 27 June 2016 for AED 1,091,664, or AED 2,251 per sqft, 40% above the AED 1,608 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 24 January 2026, is AED 72,804 a year: a gross yield of 6.7% on the 2016 price, before the service charge of about AED 9,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, June 2016: AED 1,091,664 (AED 2,251 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in Merano Tower
40K60K80K2020202220242026Typical 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, December 2021: AED 52,000 a yearRenewal, December 2022: AED 57,359 a yearRenewal, December 2023: AED 65,000 a yearNew contract, January 2025: AED 75,796 a yearNew contract, January 2025: AED 75,796 a yearRenewal, January 2026: AED 72,804 a yearRenewal, January 2026: AED 72,804 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 603 sits

All 397 1-beds →

603 last sold in June 2016 at AED 2,251 per sqft, 40% above what one-beds in Merano Tower were fetching at the time (AED 1,608). 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. 603's AED 72,804 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 6th floor

All 574 units in Merano Tower
Value
6011-bedAED 1.04M · Dec 2022
6021-bedAED 1.07M · Jan 2017
604StudioAED 708K · Aug 2022
6051-bedAED 1.08M · Mar 2024
606StudioAED 409K · Nov 2020
6071-bedAED 934K · Jun 2016
6081-bedAED 1.26M · Jul 2017
1–7 of 20

603, Merano Tower in numbers

  • Sold once: by DAMAC on 27 June 2016 for AED 1,091,664, or AED 2,251 per sqft.
  • Rented since December 2021 on 7 Ejari contracts, from AED 52,000 to AED 72,804 a year.
  • At AED 72,804 a year the gross yield on the 2016 price is 6.7%, before a service charge of about AED 9,200 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 24 January 2026.

Questions about 603, Merano Tower

What did unit 603 last sell for?

AED 1,091,664 on 27 June 2016, sold by the developer: AED 2,251 per sqft for 485 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 72,804 a year on the contract renewed on 24 January 2026. The previous contract, from January 2026, was AED 72,804; the unit has been rented since December 2021.

How big is unit 603?

485 sqft (45.1 sqm): a one-bedroom apartment on the 6th floor of a 29-storey tower completed in 2020.

What is unit 603 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 603, Merano Tower

Starts from the last sale price (AED 1.09M, 27 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,091,664
Deposit, UAE resident (20%)
AED 218,333
Deposit, non-resident (40%)
AED 436,666
Monthly over 25 years at 3.7%
AED 4,466

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