2-bed · 1,758 sqftMuraba Residence, Palm Jumeirah · 1st floor · completed 2016

103-N, Muraba Residence

Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103-N · DLD and Ejari recordsUpdated 16 December 2024
Last soldAED 6.5M1 August 2022
Current rentAED 550K /yr16 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103-N, Muraba Residence

What is 103-N worth today?

Last sold for AED 6,500,000 in 2022

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16 Dec 2024RentedNew contract
AED 550,000/yr12 months · AED 313 per sqft
20 Feb 2023RentedNew contract
AED 550,000/yr12 months · AED 313 per sqft
10 Oct 2022RentedNew contract
AED 550,000/yr12 months · AED 313 per sqft
1 Aug 2022Sold by developerReady
AED 6,500,000AED 3,696 per sqft
15 Aug 2021RentedNew contract
AED 250,000/yr12 months · AED 142 per sqft
10 Oct 2020RentedRenewal
AED 213,750/yr12 months · AED 122 per sqft
10 Oct 2019RentedNew contract
AED 225,000/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 16 December 2024.

Key facts

Type
2-bed apartment
Size
1,758 sqft
Floor
1st of 9
Parking
B-38
Developer
Muraba Properties
Completed
2016
Service charge
AED 64,600 /yr
Last sold
AED 6.5M · August 2022

About 103-N, Muraba Residence

103-N is a two-bedroom apartment of 1,758 sqft on the 1st floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 1 August 2022 for AED 6,500,000, or AED 3,696 per sqft, in line with the AED 3,696 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 16 December 2024, is AED 550,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 64,600 a year.

Sales and rents for 103-N over time

Sales
Unit 103-N, each saleTypical two-bed in Muraba Residence
7M8M20222023202420252026Typical sale price by year: 2022 AED 7,299,490; 2023 AED 8,137,743; 2024 AED 8,151,070; 2025 AED 7,738,461Sold by developer, August 2022: AED 6,500,000 (AED 3,696 per sqft)

103-N has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 103-N, each contractTypical two-bed in Muraba Residence
200K400K600K2019202120232025Typical rent by year: 2019 AED 234,000; 2020 AED 230,000; 2021 AED 250,000; 2022 AED 250,000; 2025 AED 580,000New contract, October 2019: AED 225,000 a yearRenewal, October 2020: AED 213,750 a yearNew contract, August 2021: AED 250,000 a yearNew contract, October 2022: AED 550,000 a yearNew contract, February 2023: AED 550,000 a yearNew contract, December 2024: AED 550,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Muraba Residence, and where 103-N sits

All 29 2-beds →

103-N last sold in August 2022 at AED 3,696 per sqft, in line with what two-beds in Muraba Residence were fetching at the time (AED 3,696). 103-N's AED 550,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jul 20257,000,000
23 Jun 20257,650,000
20 May 20257,826,921
10 Apr 20258,568,233
0 2-bed sales in the last 12 months

Muraba Residence

Building

50 apartments, 2-bed to 3-bed over 9 floors in Palm Jumeirah, completed in 2016 by Muraba Properties. 1 sold in the last 12 months.

Typical price per sqft
AED 4,003
Typical sale
AED 9.73M
Typical rent
AED 495K /yr
Typical yield
6.7%
Muraba Residence, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 50 units in Muraba Residence
Value
101-N3-bedAED 9.29M · Nov 2023
102-N2-bedAED 7.46M · Nov 2022
104-S2-bedAED 6.5M · Jun 2022
105-S2-bedAED 7.46M · Sep 2023
106-S3-bedAED 8.28M · Dec 2023

103-N, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 1 August 2022 for AED 6,500,000, or AED 3,696 per sqft.
  • Rented since October 2019 on 6 Ejari contracts, from AED 225,000 to AED 550,000 a year.
  • At AED 550,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 64,600 a year (AED 36.72 per sqft).

Source: Dubai Land Department. Updated 16 December 2024.

Questions about 103-N, Muraba Residence

What did unit 103-N last sell for?

AED 6,500,000 on 1 August 2022, sold by the developer: AED 3,696 per sqft for 1,758 sqft. It is the only registered sale of the unit.

What is the rent for unit 103-N?

AED 550,000 a year on the contract signed on 16 December 2024. The previous contract, from February 2023, was AED 550,000; the unit has been rented since October 2019.

How big is unit 103-N?

1,758 sqft (163.3 sqm): a two-bedroom apartment on the 1st floor of a 9-storey tower completed in 2016.

What is unit 103-N 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 103-N, Muraba Residence

Starts from the last sale price (AED 6.5M, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

Plus AED 278,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →