503, Murano Residence 1
Sold prices and rental history: sold twice, last in October 2024, 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 503, Murano Residence 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 8 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 515 sqft
- Floor
- 5th of 15
- Parking
- B2-248
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 8,400 /yr
- Last sold
- AED 625K · October 2024
- Building
- Murano Residence 1
About 503, Murano Residence 1
503 is a one-bedroom apartment of 515 sqft on the 5th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties. It last sold on 10 October 2024 for AED 625,000, or AED 1,214 per sqft, 34% above the AED 907 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 8 November 2024, is AED 55,000 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 8,400 a year.
Sales and rents for 503 over time
503 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 503 sits
All 96 1-beds →503 last sold in October 2024 at AED 1,214 per sqft, 34% above what one-beds in Murano Residence 1 were fetching at the time (AED 907). 503'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 | ||
| 4 Oct 20244 October 2024 | 515 sqft | 660,000 | 1,282 |
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 63K /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 | |
| 502 | 1-bed | 711 sqft | AED 758KAED 758,196 · Sep 2016September 2016 | 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 |
503, Murano Residence 1 in numbers
- Sold twice: first on 16 January 2017 for AED 635,948, last on 10 October 2024 for AED 625,000 (AED 1,214 per sqft).
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 34,000 in 2021 and recovered to AED 55,000 by November 2024.
- At AED 55,000 a year the gross yield on the 2024 price is 8.8%, before a service charge of about AED 8,400 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 8 November 2024.
Questions about 503, Murano Residence 1
What did unit 503 last sell for?
AED 625,000 on 10 October 2024: AED 1,214 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 635,948 in January 2017.
What is the rent for unit 503?
AED 55,000 a year on the contract signed on 8 November 2024. The previous contract, from July 2023, was AED 44,000; the unit has been rented since June 2019.
How big is unit 503?
515 sqft (47.8 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 503 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 503, Murano Residence 1
Starts from the last sale price (AED 625K, 10 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 625,000
- Deposit, UAE resident (20%)
- AED 125,000
- Deposit, non-resident (40%)
- AED 250,000
- Monthly over 25 years at 3.7%
- AED 2,557
Plus AED 31,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →