507, Murano Residence 1
Sold prices and rental history: sold once, by the developer in August 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Murano Residence 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 25 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,142 sqft
- Floor
- 5th of 15
- Parking
- P-31 , P30
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 18,500 /yr
- Last sold
- AED 1.02M · August 2020
- Building
- Murano Residence 1
About 507, Murano Residence 1
507 is a two-bedroom apartment of 1,142 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 19 August 2020 for AED 1,020,000, or AED 892 per sqft.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 25 August 2024, is AED 83,775 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 18,500 a year.
Sales and rents for 507 over time
507 has sold once; the dashed line is the two-bed median of each year in the building.
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 507 sits
All 13 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Mar 202520 March 2025 | 1,141 sqft | 1,300,000 | 1,138 | ||
| 20 Feb 202520 February 2025 | 1,142 sqft | 1,250,000 | 1,094 | ||
| 15 Oct 202415 October 2024 | 1,142 sqft | 1,200,000 | 1,050 | ||
| 27 Nov 202327 November 2023 | 1,143 sqft | 1,100,000 | 961 |
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 | |
| 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 | |
| 508 | 1-bed | 590 sqft | AED 657KAED 656,828 · Jul 2018July 2018 | 50,820 /yr |
507, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 19 August 2020 for AED 1,020,000, or AED 892 per sqft.
- Rented since September 2020 on 4 Ejari contracts, from AED 60,000 to AED 83,775 a year.
- At AED 83,775 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 18,500 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 25 August 2024.
Questions about 507, Murano Residence 1
What did unit 507 last sell for?
AED 1,020,000 on 19 August 2020, sold by the developer: AED 892 per sqft for 1,142 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 83,775 a year on the contract renewed on 25 August 2024. The previous contract, from August 2023, was AED 80,000; the unit has been rented since September 2020.
How big is unit 507?
1,142 sqft (106.1 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 507 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 507, Murano Residence 1
Starts from the last sale price (AED 1.02M, 19 August 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,000
- Deposit, UAE resident (20%)
- AED 204,000
- Deposit, non-resident (40%)
- AED 408,000
- Monthly over 25 years at 3.7%
- AED 4,173
Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →