1503, Murano Residence 1
Sold prices and rental history: sold once, by the developer in August 2017, 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 1503, Murano Residence 1
What is 1503 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 515 sqft
- Floor
- 15th of 15
- Parking
- B2-242
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 8,400 /yr
- Last sold
- AED 645K · August 2017
- Building
- Murano Residence 1
About 1503, Murano Residence 1
1503 is a one-bedroom apartment of 515 sqft on the 15th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties . The developer sold it on 22 August 2017 for AED 645,000, or AED 1,253 per sqft, 17% above the AED 1,068 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 January 2025, is AED 53,000 a year: a gross yield of 8.2% on the 2017 price, before the service charge of about AED 8,400 a year.
Sales and rents for 1503 over time
1503 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 1503 sits
All 98 1-beds →1503 last sold in August 2017 at AED 1,253 per sqft, 17% above what one-beds in Murano Residence 1 were fetching at the time (AED 1,068). 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. 1503's AED 53,000 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 15th floor
All 114 units in Murano Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 709 sqft | AED 1.44MAED 1,440,000 · Mar 2024March 2024 | 84,000 /yr | |
| 1502 | 1-bed | 700 sqft | AED 492KAED 492,000 · Sep 2021September 2021 | 62,000 /yr | |
| 1504 | 1-bed | 920 sqft | AED 1.25MAED 1,250,000 · Jan 2022January 2022 | 73,333 /yr | |
| 1505 | 1-bed | 782 sqft | AED 770KAED 770,000 · Jul 2024July 2024 | 55,833 /yr | |
| 1506 | 1-bed | 906 sqft | AED 755KAED 755,000 · Jul 2022July 2022 | 78,000 /yr | |
| 1507 | 2-bed | 1,143 sqft | AED 1.08MAED 1,080,000 · Jul 2022July 2022 | 90,000 /yr | |
| 1508 | 1-bed | 590 sqft | AED 550KAED 550,000 · May 2023May 2023 | 57,000 /yr |
1503, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 22 August 2017 for AED 645,000, or AED 1,253 per sqft.
- Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 36,923 to AED 33,000 in 2021 and recovered to AED 53,000 by January 2025.
- At AED 53,000 a year the gross yield on the 2017 price is 8.2%, 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 January 2025.
Questions about 1503, Murano Residence 1
What did unit 1503 last sell for?
AED 645,000 on 22 August 2017, sold by the developer: AED 1,253 per sqft for 515 sqft. It is the only registered sale of the unit.
What is the rent for unit 1503?
AED 53,000 a year on the contract signed on 1 January 2025. The previous contract, from November 2022, was AED 37,000; the unit has been rented since July 2019.
How big is unit 1503?
515 sqft (47.8 sqm): a one-bedroom apartment on the 15th floor of a 15-storey tower completed in 2019.
What is unit 1503 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 1503, Murano Residence 1
Starts from the last sale price (AED 645K, 22 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 645,000
- Deposit, UAE resident (20%)
- AED 129,000
- Deposit, non-resident (40%)
- AED 258,000
- Monthly over 25 years at 3.7%
- AED 2,639
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →