2-bed · 1,980 sqftMuraba Residence, Palm Jumeirah · 4th floor · completed 2016

402-N, Muraba Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402-N · DLD and Ejari recordsUpdated 22 November 2022
Last soldAED 8.79M22 November 2022
Current rentAED 270K /yr7 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402-N, Muraba Residence

What is 402-N worth today?

Last sold for AED 8,790,443 in 2022

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22 Nov 2022Sold by developerReady
AED 8,790,443AED 4,439 per sqft
7 Jul 2021RentedNew contract
AED 270,000/yr12 months · AED 136 per sqft
9 Mar 2021RentedNew contract
AED 270,000/yr12 months · AED 136 per sqft
7 Mar 2021RentedNew contract
AED 270,000/yr12 months · AED 136 per sqft

Source: Dubai Land Department. Updated 22 November 2022.

Key facts

Type
2-bed apartment
Size
1,980 sqft
Floor
4th of 9
Parking
B-75
Developer
Muraba Properties
Completed
2016
Service charge
AED 72,700 /yr
Last sold
AED 8.79M · November 2022

About 402-N, Muraba Residence

402-N is a two-bedroom apartment of 1,980 sqft on the 4th floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 22 November 2022 for AED 8,790,443, or AED 4,439 per sqft, 18% above the AED 3,765 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 7 July 2021, is AED 270,000 a year: a gross yield of 3.1% on the 2022 price, before the service charge of about AED 72,700 a year.

Sales and rents for 402-N over time

Sales
Unit 402-N, each saleTypical two-bed in Muraba Residence
8M9M20222023202420252026Typical 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, November 2022: AED 8,790,443 (AED 4,439 per sqft)

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

Rents
Unit 402-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, March 2021: AED 270,000 a yearNew contract, March 2021: AED 270,000 a yearNew contract, July 2021: AED 270,000 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 402-N sits

All 29 2-beds →

402-N last sold in November 2022 at AED 4,439 per sqft, 18% above what two-beds in Muraba Residence were fetching at the time (AED 3,765). 402-N's AED 270,000 is at the bottom 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 4th floor

All 50 units in Muraba Residence
Value
401-N3-bedAED 7.18M · Jul 2015
403-N2-bedAED 5.34M · Dec 2014
404-SAED 5.71M · Jan 2023
405-S2-bedAED 9.08M · Sep 2024
406-S3-bedAED 9.58M · May 2023

402-N, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 22 November 2022 for AED 8,790,443, or AED 4,439 per sqft.
  • Rented since March 2021 on 3 Ejari contracts, at AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2022 price is 3.1%, before a service charge of about AED 72,700 a year (AED 36.72 per sqft).

Source: Dubai Land Department. Updated 22 November 2022.

Questions about 402-N, Muraba Residence

What did unit 402-N last sell for?

AED 8,790,443 on 22 November 2022, sold by the developer: AED 4,439 per sqft for 1,980 sqft. It is the only registered sale of the unit.

What is the rent for unit 402-N?

AED 270,000 a year on the contract signed on 7 July 2021. The previous contract, from March 2021, was AED 270,000; the unit has been rented since March 2021.

How big is unit 402-N?

1,980 sqft (183.9 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2016.

What is unit 402-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 402-N, Muraba Residence

Starts from the last sale price (AED 8.79M, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,790,443
Deposit, UAE resident (20%)
AED 1,758,089
Deposit, non-resident (40%)
AED 3,516,177
Monthly over 25 years at 3.7%
AED 35,964

Plus AED 374,209 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →