2-bed · 1,142 sqftMurano Residence 1, Al Furjan · 3rd floor · completed 2019

307, Murano Residence 1

Sold prices and rental history: sold 3 times, last in October 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 1.2M15 October 2024
Current rentAED 59K /yr18 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Murano Residence 1

What is 307 worth today?

Last sold for AED 1,200,000 in 2024

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15 Oct 2024SoldReady
AED 1,200,000AED 1,050 per sqft
30 Oct 2023SoldReady
AED 960,000AED 840 per sqft
18 Jun 2021RentedRenewal
AED 59,000/yr12 months · AED 52 per sqft
18 Jun 2020RentedRenewal
AED 67,000/yr12 months · AED 59 per sqft
19 May 2019RentedNew contract
AED 67,000/yr13 months · AED 59 per sqft
22 Sep 2016Sold by developerOff-plan
AED 1,198,686AED 1,049 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
2-bed apartment
Size
1,142 sqft
Floor
3rd of 15
Parking
B2-202
Developer
Murano Properties
Completed
2019
Service charge
AED 18,500 /yr
Last sold
AED 1.2M · October 2024

About 307, Murano Residence 1

307 is a two-bedroom apartment of 1,142 sqft on the 3rd floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties . It last sold on 15 October 2024 for AED 1,200,000, or AED 1,050 per sqft, 17% above the AED 901 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 18 June 2021, is AED 59,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 18,500 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in Murano Residence 1
1M1.2M2016201920222025Typical sale price by year: 2016 AED 1,203,054; 2020 AED 1,010,000; 2022 AED 965,000; 2023 AED 960,000; 2025 AED 1,300,000Sold by developer, September 2016: AED 1,198,686 (AED 1,049 per sqft)Sold, October 2023: AED 960,000 (AED 840 per sqft)Sold, October 2024: AED 1,200,000 (AED 1,050 per sqft)

307 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 307, each contractTypical two-bed in Murano Residence 1
50K75K100K20192021202320252027Typical rent by year: 2019 AED 65,000; 2020 AED 65,000; 2021 AED 56,000; 2022 AED 66,000; 2023 AED 68,250; 2024 AED 81,888; 2025 AED 93,000; 2026 AED 110,000New contract, May 2019: AED 67,000 a yearRenewal, June 2020: AED 67,000 a yearRenewal, June 2021: AED 59,000 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 Murano Residence 1, and where 307 sits

All 14 2-beds →

307 last sold in October 2024 at AED 1,050 per sqft, 17% above what two-beds in Murano Residence 1 were fetching at the time (AED 901). Over the last 12 months two-beds sold for AED 1,450,000, around AED 1,269 per sqft, and rent for AED 90,000 to 120,000 a year. 307's AED 59,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20261,450,000
20 Feb 20261,450,000
16 Sep 20251,600,000
20 Mar 20251,300,000
2 2-bed sales in the last 12 months

Murano Residence 1

Building

114 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%
Murano Residence 1, Al Furjan: prices, sales and rents →

Other units on the 3rd floor

All 114 units in Murano Residence 1
Value
3011-bedAED 680K · Jul 2023
3021-bedAED 689K · Dec 2016
3031-bedAED 520K · Sep 2023
3041-bedAED 1.16M · Jul 2021
3051-bedAED 670K · Jul 2022
3061-bedAED 1.15M · Oct 2021
3081-bedAED 645K · Jun 2017

307, Murano Residence 1 in numbers

  • Sold 3 times: first on 22 September 2016 for AED 1,198,686, last on 15 October 2024 for AED 1,200,000 (AED 1,050 per sqft).
  • Rented since May 2019 on 3 Ejari contracts, from AED 67,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 18,500 a year (AED 16.23 per sqft).
  • Two-beds in Murano Residence 1 sold for AED 1,450,000–1,450,000 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 15 October 2024.

Questions about 307, Murano Residence 1

What did unit 307 last sell for?

AED 1,200,000 on 15 October 2024: AED 1,050 per sqft for 1,142 sqft. The unit has 3 registered sales; the first was AED 1,198,686 in September 2016.

What is the rent for unit 307?

AED 59,000 a year on the contract renewed on 18 June 2021. The previous contract, from June 2020, was AED 67,000; the unit has been rented since May 2019.

How big is unit 307?

1,142 sqft (106.1 sqm): a two-bedroom apartment on the 3rd floor of a 15-storey tower completed in 2019.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murano Residence 1 sold for AED 1,450,000 to 1,450,000 in the last 12 months, around AED 1,269 per sqft.

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Mortgage on 307, Murano Residence 1

Starts from the last sale price (AED 1.2M, 15 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →