1203, Murano Residence 1
Sold prices and rental history: sold once, by the developer in May 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Murano Residence 1
What is 1203 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 515 sqft
- Floor
- 12th of 15
- Parking
- B1-122
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 8,400 /yr
- Last sold
- AED 634K · May 2016
- Building
- Murano Residence 1
About 1203, Murano Residence 1
1203 is a one-bedroom apartment of 515 sqft on the 12th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties . The developer sold it on 22 May 2016 for AED 634,272, or AED 1,232 per sqft, 17% above the AED 1,051 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 December 2024, is AED 58,000 a year: a gross yield of 9.1% on the 2016 price, before the service charge of about AED 8,400 a year.
Sales and rents for 1203 over time
1203 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 1203 sits
All 98 1-beds →1203 last sold in May 2016 at AED 1,232 per sqft, 17% above what one-beds in Murano Residence 1 were fetching at the time (AED 1,051). Over the last 12 months one-beds sold for AED 700,000 to 800,000, around AED 915 per sqft, and rent for AED 40,000 to 87,000 a year. 1203's AED 58,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 920 sqft | 775,000 | 842 | ||
| 23 Oct 202623 October 2026 | 906 sqft | 775,000 | 855 | ||
| 28 Sep 202628 September 2026 | 717 sqft | 800,000 | 1,115 | ||
| 19 Sep 202619 September 2026 | 717 sqft | 700,000 | 975 |
Murano Residence 1
Building114 apartments, 1-bed to 3-bed over 15 floors in Al Furjan, completed in 2019 by Murano Properties . 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,045
- Typical sale
- AED 788K
- Typical rent
- AED 62K /yr
- Typical yield
- 8.6%
Other units on the 12th floor
All 114 units in Murano Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 719 sqft | AED 749KAED 748,745 · May 2016May 2016 | 60,000 /yr | |
| 1202 | 1-bed | 710 sqft | AED 752KAED 752,405 · May 2016May 2016 | 58,433 /yr | |
| 1204 | 1-bed | 920 sqft | AED 966KAED 966,165 · May 2016May 2016 | 65,000 /yr | |
| 1205 | 1-bed | 782 sqft | AED 765KAED 765,252 · May 2016May 2016 | 55,440 /yr | |
| 1206 | 1-bed | 906 sqft | AED 877KAED 877,071 · May 2016May 2016 | 54,600 /yr | |
| 1207 | 2-bed | 1,143 sqft | AED 950KAED 950,000 · Nov 2023November 2023 | 70,000 /yr | |
| 1208 | 1-bed | 590 sqft | AED 727KAED 726,913 · May 2016May 2016 | 35,000 /yr |
1203, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 22 May 2016 for AED 634,272, or AED 1,232 per sqft.
- Rented since July 2019 on 3 Ejari contracts. The rent fell from AED 40,000 to AED 35,000 in 2022 and recovered to AED 58,000 by December 2024.
- At AED 58,000 a year the gross yield on the 2016 price is 9.1%, before a service charge of about AED 8,400 a year (AED 16.23 per sqft).
- One-beds in Murano Residence 1 sold for AED 700,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,045 per sqft.
Source: Dubai Land Department. Updated 1 December 2024.
Questions about 1203, Murano Residence 1
What did unit 1203 last sell for?
AED 634,272 on 22 May 2016, sold by the developer: AED 1,232 per sqft for 515 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 58,000 a year on the contract signed on 1 December 2024. The previous contract, from April 2022, was AED 35,000; the unit has been rented since July 2019.
How big is unit 1203?
515 sqft (47.8 sqm): a one-bedroom apartment on the 12th floor of a 15-storey tower completed in 2019.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murano Residence 1 sold for AED 700,000 to 800,000 in the last 12 months, around AED 915 per sqft.
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Mortgage on 1203, Murano Residence 1
Starts from the last sale price (AED 634K, 22 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 634,272
- Deposit, UAE resident (20%)
- AED 126,854
- Deposit, non-resident (40%)
- AED 253,709
- Monthly over 25 years at 3.7%
- AED 2,595
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →