Unit 516, Merano Tower: what it sold for and what it is worth now

Unit 516 at Merano Tower is a 1 bed of 662 sq ft. It last sold for AED 727,000 on 2 Jul 2020. At AED 1,548 per sq ft, from 6 sales of units ending 16 (same position in the tower), it is worth about AED 1,025,000 today.

Value todayAED 1,025,000AED 998,000 to AED 1,085,000
Last saleAED 727,0002 Jul 2020 · Resale
Change since last sale+41.0%Building trend alone: AED 820,117
Rent (median asking, 1 bed)AED 70,000Gross yield 6.8%
Bedrooms1 bed
Size662 sq ft
Floor5 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingMerano Tower by DAMAC Properties, handed over 2020
Registered sales of this unit1

Every registered sale of unit 516

DatePriceSizeAED/sq ftType
2 Jul 2020AED 727,000662 sq ft1,098Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
19164 Feb 2026AED 1,170,000664 sq ft1,762Resale
6161 Jul 2025AED 1,000,000662 sq ft1,511Resale
271615 May 2025AED 1,100,000664 sq ft1,657Resale
201631 Jan 2025AED 1,000,000664 sq ft1,506Resale
23168 Jan 2025AED 980,000664 sq ft1,476Resale
7165 Dec 2024AED 1,050,000662 sq ft1,586Resale
211622 May 2024AED 1,095,000664 sq ft1,649Resale
171610 May 2024AED 1,150,000664 sq ft1,732Resale

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 6 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,548). We multiplied it by the size of this unit (662 sq ft). The range uses the middle half of those sales (AED 1,507 to AED 1,639 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 820,117. 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 516 at Merano Tower worth?

About AED 1,025,000 (range AED 998,000 to AED 1,085,000), based on AED 1,548 per sq ft from registered sales up to 15 Oct 2026.

When did unit 516 last sell?

2 Jul 2020, for AED 727,000 (resale). It has 1 registered sale.

What rent can unit 516 make?

A 1 bed in Merano Tower rents for about AED 70,000 a year (median asking rent). That is a gross yield of 6.8% on the estimate.

Sales alert for Merano TowerAll sales in Merano Tower

Unit 515 · Unit 517A