502, Murano Residence 1
Sold prices and rental history: sold once, by the developer in September 2016, 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 502, Murano Residence 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 711 sqft
- Floor
- 5th of 15
- Parking
- B2-247
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 11,500 /yr
- Last sold
- AED 758K · September 2016
- Building
- Murano Residence 1
About 502, Murano Residence 1
502 is a one-bedroom apartment of 711 sqft on the 5th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties. The developer sold it on 27 September 2016 for AED 758,196, or AED 1,066 per sqft, in line with the AED 1,054 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 55,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 11,500 a year.
Sales and rents for 502 over time
502 has sold once; 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 502 sits
All 96 1-beds →502 last sold in September 2016 at AED 1,066 per sqft, in line with what one-beds in Murano Residence 1 were fetching at the time (AED 1,054). 502's AED 55,000 is in the lower 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 5th floor
All 114 units in Murano Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 717 sqft | AED 760KAED 760,000 · Aug 2024August 2024 | 65,000 /yr | |
| 503 | 1-bed | 515 sqft | AED 625KAED 625,000 · Oct 2024October 2024 | 55,000 /yr | |
| 504 | 1-bed | 919 sqft | AED 780KAED 780,000 · May 2024May 2024 | 74,000 /yr | |
| 505 | 1-bed | 779 sqft | AED 645KAED 645,000 · Nov 2023November 2023 | ||
| 506 | 1-bed | 905 sqft | AED 750KAED 750,000 · May 2023May 2023 | 50,000 /yr | |
| 507 | 2-bed | 1,142 sqft | AED 1.02MAED 1,020,000 · Aug 2020August 2020 | 83,775 /yr | |
| 508 | 1-bed | 590 sqft | AED 657KAED 656,828 · Jul 2018July 2018 | 50,820 /yr |
502, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 27 September 2016 for AED 758,196, or AED 1,066 per sqft.
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 48,000 to AED 41,000 in 2022 and recovered to AED 55,000 by September 2024.
- At AED 55,000 a year the gross yield on the 2016 price is 7.2%, before a service charge of about AED 11,500 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 1 September 2024.
Questions about 502, Murano Residence 1
What did unit 502 last sell for?
AED 758,196 on 27 September 2016, sold by the developer: AED 1,066 per sqft for 711 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 55,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 50,000; the unit has been rented since June 2019.
How big is unit 502?
711 sqft (66.1 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 502 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 502, Murano Residence 1
Starts from the last sale price (AED 758K, 27 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 758,196
- Deposit, UAE resident (20%)
- AED 151,639
- Deposit, non-resident (40%)
- AED 303,278
- Monthly over 25 years at 3.7%
- AED 3,102
Plus AED 36,854 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →