508, Murano Residence 1
Sold prices and rental history: sold once, by the developer in July 2018, 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 508, Murano Residence 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 590 sqft
- Floor
- 5th of 15
- Parking
- B2-245
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 9,600 /yr
- Last sold
- AED 657K · July 2018
- Building
- Murano Residence 1
About 508, Murano Residence 1
508 is a one-bedroom apartment of 590 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 3 July 2018 for AED 656,828, or AED 1,113 per sqft, in line with the AED 1,102 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 25 March 2025, is AED 50,820 a year: a gross yield of 7.7% on the 2018 price, before the service charge of about AED 9,600 a year.
Sales and rents for 508 over time
508 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 508 sits
All 96 1-beds →508 last sold in July 2018 at AED 1,113 per sqft, in line with what one-beds in Murano Residence 1 were fetching at the time (AED 1,102). 508's AED 50,820 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 | |
| 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 | |
| 507 | 2-bed | 1,142 sqft | AED 1.02MAED 1,020,000 · Aug 2020August 2020 | 83,775 /yr |
508, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 3 July 2018 for AED 656,828, or AED 1,113 per sqft.
- Rented since September 2019 on 4 Ejari contracts, from AED 39,000 to AED 50,820 a year.
- At AED 50,820 a year the gross yield on the 2018 price is 7.7%, before a service charge of about AED 9,600 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 25 March 2025.
Questions about 508, Murano Residence 1
What did unit 508 last sell for?
AED 656,828 on 3 July 2018, sold by the developer: AED 1,113 per sqft for 590 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 50,820 a year on the contract renewed on 25 March 2025. The previous contract, from March 2023, was AED 42,000; the unit has been rented since September 2019.
How big is unit 508?
590 sqft (54.8 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 508 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 508, Murano Residence 1
Starts from the last sale price (AED 657K, 3 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 656,828
- Deposit, UAE resident (20%)
- AED 131,366
- Deposit, non-resident (40%)
- AED 262,731
- Monthly over 25 years at 3.7%
- AED 2,687
Plus AED 32,597 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →