Unit 407, Merano Tower: what it sold for and what it is worth now

Unit 407 at Merano Tower is a 1 bed of 668 sq ft. It last sold for AED 950,000 on 6 Dec 2023. At AED 1,587 per sq ft, from 7 sales of units ending 07 (same position in the tower), it is worth about AED 1,060,000 today.

Value todayAED 1,060,000AED 995,000 to AED 1,155,000
Last saleAED 950,0006 Dec 2023 · Resale
Change since last sale+11.6%Building trend alone: AED 914,513
Rent (median asking, 1 bed)AED 70,000Gross yield 6.6%
Bedrooms1 bed
Size668 sq ft
Floor4 (from the unit number)
Position in the towerStack 07: units ending 07 share the same layout and view
BuildingMerano Tower by DAMAC Properties, handed over 2020
Registered sales of this unit1

Every registered sale of unit 407

DatePriceSizeAED/sq ftType
6 Dec 2023AED 950,000668 sq ft1,422Resale

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
110728 Sep 2026AED 1,000,000668 sq ft1,497Resale
100718 Sep 2026AED 990,000668 sq ft1,482Resale
150714 Nov 2025AED 1,060,000668 sq ft1,587Resale
8078 Sep 2025AED 1,110,000668 sq ft1,662Resale
140722 Jul 2025AED 1,200,000668 sq ft1,796Resale
260725 Mar 2025AED 1,250,000668 sq ft1,871Resale
260721 Feb 2025AED 900,000668 sq ft1,347Resale
20714 Aug 2024AED 1,275,000771 sq ft1,654Resale

Latest 1 bed sales in Merano Tower

UnitDatePriceSizeAED/sq ftType
22171 Oct 2026AED 1,040,000668 sq ft1,557Resale
110728 Sep 2026AED 1,000,000668 sq ft1,497Resale
260328 Sep 2026AED 1,000,000670 sq ft1,493Resale
100718 Sep 2026AED 990,000668 sq ft1,482Resale
17179 Sep 2026AED 1,100,000668 sq ft1,647Resale
2617A26 Aug 2026AED 1,100,000753 sq ft1,461Resale
70327 Jul 2026AED 965,000670 sq ft1,440Resale
26033 Jul 2026AED 924,900670 sq ft1,380Resale

How we worked out the value

We took the 7 resale sales of units ending 07 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,587). We multiplied it by the size of this unit (668 sq ft). The range uses the middle half of those sales (AED 1,490 to AED 1,729 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 914,513. Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 407 at Merano Tower worth?

About AED 1,060,000 (range AED 995,000 to AED 1,155,000), based on AED 1,587 per sq ft from registered sales up to 15 Oct 2026.

When did unit 407 last sell?

6 Dec 2023, for AED 950,000 (resale). It has 1 registered sale.

What rent can unit 407 make?

A 1 bed in Merano Tower rents for about AED 70,000 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for Merano TowerAll sales in Merano Tower

Unit 405 · Unit 408