1502, Murano Residence 1
Sold prices and rental history: sold twice, last in September 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Murano Residence 1
What is 1502 worth today?
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Source: Dubai Land Department. Updated 25 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 700 sqft
- Floor
- 15th of 15
- Parking
- B2-240
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 11,400 /yr
- Last sold
- AED 492K · September 2021
- Building
- Murano Residence 1
About 1502, Murano Residence 1
1502 is a one-bedroom apartment of 700 sqft on the 15th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties. It last sold on 23 September 2021 for AED 492,000, or AED 702 per sqft, 24% below the AED 926 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 October 2024, is AED 62,000 a year: a gross yield of 12.6% on the 2021 price, before the service charge of about AED 11,400 a year.
Sales and rents for 1502 over time
1502 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Murano Residence 1, and where 1502 sits
All 96 1-beds →1502 last sold in September 2021 at AED 702 per sqft, 24% below what one-beds in Murano Residence 1 were fetching at the time (AED 926). 1502's AED 62,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 589 sqft | 750,000 | 1,272 | ||
| 29 Apr 202529 April 2025 | 515 sqft | 670,000 | 1,302 | ||
| 17 Oct 202417 October 2024 | 590 sqft | 610,000 | 1,034 | ||
| 10 Oct 202410 October 2024 | 515 sqft | 625,000 | 1,214 |
Murano Residence 1
Building114 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 62K /yr
- Typical yield
Other units on the 15th floor
All 114 units in Murano Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 709 sqft | AED 1.44MAED 1,440,000 · Mar 2024March 2024 | 84,000 /yr | |
| 1503 | 1-bed | 515 sqft | AED 645KAED 645,000 · Aug 2017August 2017 | 53,000 /yr | |
| 1504 | 1-bed | 920 sqft | AED 1.25MAED 1,250,000 · Jan 2022January 2022 | 73,333 /yr | |
| 1505 | 1-bed | 782 sqft | AED 770KAED 770,000 · Jul 2024July 2024 | 55,833 /yr | |
| 1506 | 1-bed | 906 sqft | AED 755KAED 755,000 · Jul 2022July 2022 | 78,000 /yr | |
| 1507 | 2-bed | 1,143 sqft | AED 1.08MAED 1,080,000 · Jul 2022July 2022 | 90,000 /yr | |
| 1508 | 1-bed | 590 sqft | AED 550KAED 550,000 · May 2023May 2023 | 62,000 /yr |
1502, Murano Residence 1 in numbers
- Sold twice: first on 25 May 2017 for AED 820,335, last on 23 September 2021 for AED 492,000 (AED 702 per sqft).
- Rented since May 2019 on 6 Ejari contracts, from AED 42,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2021 price is 12.6%, before a service charge of about AED 11,400 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 25 October 2024.
Questions about 1502, Murano Residence 1
What did unit 1502 last sell for?
AED 492,000 on 23 September 2021: AED 702 per sqft for 700 sqft. The unit has 2 registered sales; the first was AED 820,335 in May 2017.
What is the rent for unit 1502?
AED 62,000 a year on the contract renewed on 25 October 2024. The previous contract, from October 2023, was AED 55,000; the unit has been rented since May 2019.
How big is unit 1502?
700 sqft (65.0 sqm): a one-bedroom apartment on the 15th floor of a 15-storey tower completed in 2019.
What is unit 1502 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 1502, Murano Residence 1
Starts from the last sale price (AED 492K, 23 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 492,000
- Deposit, UAE resident (20%)
- AED 98,400
- Deposit, non-resident (40%)
- AED 196,800
- Monthly over 25 years at 3.7%
- AED 2,013
Plus AED 23,574 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →