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2-bed · 1,143 sqftMurano Residence 1, Al Furjan · 12th floor · completed 2019

1207, Murano Residence 1

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 16 November 2023
Last soldAED 950K16 November 2023
Current rentAED 70K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1207, Murano Residence 1

What is 1207 worth today?

Last sold for AED 950,000 in 2023

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16 Nov 2023SoldReady
AED 950,000AED 830 per sqft
15 Jan 2023RentedNew contract
AED 70,000/yr6 months · AED 61 per sqft
13 Sep 2022RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
1 Apr 2021RentedNew contract
AED 55,000/yr12 months · AED 48 per sqft
10 Apr 2020RentedNew contract
AED 68,000/yr12 months · AED 59 per sqft
10 Feb 2019RentedNew contract
AED 64,286/yr14 months · AED 56 per sqft
22 May 2016Sold by developerOff-plan
AED 1,217,084AED 1,064 per sqft

Source: Dubai Land Department. Updated 16 November 2023.

Key facts

Type
2-bed apartment
Size
1,143 sqft
Floor
12th of 15
Parking
B1-126
Developer
Murano Properties
Completed
2019
Service charge
AED 18,600 /yr
Last sold
AED 950K · November 2023
Building
Murano Residence 1

About 1207, Murano Residence 1

1207 is a two-bedroom apartment of 1,143 sqft on the 12th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties. It last sold on 16 November 2023 for AED 950,000, or AED 830 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 15 January 2023, is AED 70,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 18,600 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, each saleTypical two-bed in Murano Residence 1
1M1.2M201620192022Typical sale price by year: 2016 AED 1,198,686; 2020 AED 1,010,000; 2022 AED 1,080,000; 2023 AED 960,000Sold by developer, May 2016: AED 1,217,084 (AED 1,064 per sqft)Sold, November 2023: AED 950,000 (AED 830 per sqft)

1207 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1207, each contractTypical two-bed in Murano Residence 1
60K80K100K2019202120232025Typical rent by year: 2019 AED 66,000; 2020 AED 65,000; 2021 AED 56,000; 2022 AED 67,000; 2023 AED 68,250; 2024 AED 80,000; 2025 AED 96,000New contract, February 2019: AED 64,286 a yearNew contract, April 2020: AED 68,000 a yearNew contract, April 2021: AED 55,000 a yearNew contract, September 2022: AED 70,000 a yearNew contract, January 2023: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murano Residence 1, and where 1207 sits

All 13 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
20 Mar 20251,300,000
20 Feb 20251,250,000
15 Oct 20241,200,000
27 Nov 20231,100,000
0 2-bed sales in the last 12 months

Murano Residence 1

Building

114 apartments, 1-bed to 3-bed over 15 floors in Al Furjan, completed in 2019 by Murano Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 63K /yr
Typical yield
Murano Residence 1, Al Furjan: prices, sales and rents →

Other units on the 12th floor

All 114 units in Murano Residence 1
Value
12011-bedAED 749K · May 2016
12021-bedAED 752K · May 2016
12031-bedAED 634K · May 2016
12041-bedAED 966K · May 2016
12051-bedAED 765K · May 2016
12061-bedAED 877K · May 2016
12081-bedAED 727K · May 2016

1207, Murano Residence 1 in numbers

  • Sold twice: first on 22 May 2016 for AED 1,217,084, last on 16 November 2023 for AED 950,000 (AED 830 per sqft).
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 64,286 to AED 55,000 in 2021 and recovered to AED 70,000 by January 2023.
  • At AED 70,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 18,600 a year (AED 16.23 per sqft).

Source: Dubai Land Department. Updated 16 November 2023.

Questions about 1207, Murano Residence 1

What did unit 1207 last sell for?

AED 950,000 on 16 November 2023: AED 830 per sqft for 1,143 sqft. The unit has 2 registered sales; the first was AED 1,217,084 in May 2016.

What is the rent for unit 1207?

AED 70,000 a year on the contract signed on 15 January 2023. The previous contract, from September 2022, was AED 70,000; the unit has been rented since February 2019.

How big is unit 1207?

1,143 sqft (106.2 sqm): a two-bedroom apartment on the 12th floor of a 15-storey tower completed in 2019.

What is unit 1207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1207, Murano Residence 1

Starts from the last sale price (AED 950K, 16 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →