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1-bed · 644 sqftMerano Tower, Business Bay · 7th floor · completed 2020

709, Merano Tower

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 10 September 2026
Last soldAED 1M4 July 2024
Current rentAED 69K /yr10 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Merano Tower

What is 709 worth today?

Last sold for AED 1,000,000 in 2024

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10 Sep 2026RentedRenewal
AED 69,000/yr12 months · AED 107 per sqft
10 Sep 2025RentedNew contract
AED 69,000/yr12 months · AED 107 per sqft
20 Jul 2024RentedNew contract
AED 66,300/yr12 months · AED 103 per sqft
4 Jul 2024SoldReady
AED 1,000,000AED 1,553 per sqft
20 Jul 2023RentedRenewal
AED 57,960/yr12 months · AED 90 per sqft
20 Jul 2022RentedRenewal
AED 50,400/yr12 months · AED 78 per sqft
20 Jul 2021RentedRenewal
AED 42,000/yr12 months · AED 65 per sqft
20 Jul 2020RentedNew contract
AED 42,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 10 September 2026.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
7th of 29
Parking
B3-054
Developer
DAMAC
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 1M · July 2024
Building
Merano Tower

About 709, Merano Tower

709 is a one-bedroom apartment of 644 sqft on the 7th floor of Merano Tower, a 29-storey tower in Business Bay completed in 2020 by DAMAC. It last sold on 4 July 2024 for AED 1,000,000, or AED 1,553 per sqft, in line with the AED 1,569 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 10 September 2026, is AED 69,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 12,200 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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, January 2017: AED 1,015,000 (AED 1,597 per sqft)Sold, July 2024: AED 1,000,000 (AED 1,553 per sqft)

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

Rents
Unit 709, 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, July 2020: AED 42,000 a yearRenewal, July 2021: AED 42,000 a yearRenewal, July 2022: AED 50,400 a yearRenewal, July 2023: AED 57,960 a yearNew contract, July 2024: AED 66,300 a yearNew contract, September 2025: AED 69,000 a yearRenewal, September 2026: AED 69,000 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 709 sits

All 397 1-beds →

709 last sold in July 2024 at AED 1,553 per sqft, in line with what one-beds in Merano Tower were fetching at the time (AED 1,569). 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. 709's AED 69,000 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 7th floor

All 574 units in Merano Tower
Value
7011-bedAED 990K · Dec 2025
7021-bedAED 1.06M · Apr 2017
7031-bedAED 965K · Jul 2026
704StudioAED 709K · Sep 2022
7051-bedAED 1.06M · Apr 2017
706StudioAED 537K · Jun 2020
7071-bedAED 1.06M · Nov 2017
1–7 of 20

709, Merano Tower in numbers

  • Sold twice: first on 17 January 2017 for AED 1,015,000, last on 4 July 2024 for AED 1,000,000 (AED 1,553 per sqft).
  • Rented since July 2020 on 7 Ejari contracts, from AED 42,000 to AED 69,000 a year.
  • At AED 69,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 12,200 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 10 September 2026.

Questions about 709, Merano Tower

What did unit 709 last sell for?

AED 1,000,000 on 4 July 2024: AED 1,553 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 1,015,000 in January 2017.

What is the rent for unit 709?

AED 69,000 a year on the contract renewed on 10 September 2026. The previous contract, from September 2025, was AED 69,000; the unit has been rented since July 2020.

How big is unit 709?

644 sqft (59.8 sqm): a one-bedroom apartment on the 7th floor of a 29-storey tower completed in 2020.

What is unit 709 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 709, Merano Tower

Starts from the last sale price (AED 1M, 4 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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