506, Murano Residence 1
Sold prices and rental history: sold once, by the developer in May 2023, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Murano Residence 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 17 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 905 sqft
- Floor
- 5th of 15
- Parking
- P37
- Developer
- Murano Properties
- Completed
- 2019
- Service charge
- AED 14,700 /yr
- Last sold
- AED 750K · May 2023
- Building
- Murano Residence 1
About 506, Murano Residence 1
506 is a one-bedroom apartment of 905 sqft on the 5th floor of Murano Residence 1, a 15-storey tower in Al Furjan completed in 2019 by Murano Properties . The developer sold it on 17 May 2023 for AED 750,000, or AED 828 per sqft, 3% below the AED 858 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2019. The current contract, signed on 1 October 2019, is AED 50,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 14,700 a year.
Sales and rents for 506 over time
506 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 506 sits
All 98 1-beds →506 last sold in May 2023 at AED 828 per sqft, 3% below what one-beds in Murano Residence 1 were fetching at the time (AED 858). 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. 506's AED 50,000 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 5th floor
All 114 units in Murano Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 717 sqft | AED 760KAED 760,000 · Aug 2024August 2024 | 65,000 /yr | |
| 502 | 1-bed | 711 sqft | AED 758KAED 758,196 · Sep 2016September 2016 | 60,000 /yr | |
| 503 | 1-bed | 515 sqft | AED 625KAED 625,000 · Oct 2024October 2024 | 60,000 /yr | |
| 504 | 1-bed | 919 sqft | AED 780KAED 780,000 · May 2024May 2024 | 74,000 /yr | |
| 505 | 1-bed | 779 sqft | AED 645KAED 645,000 · Nov 2023November 2023 | ||
| 507 | 2-bed | 1,142 sqft | AED 1.45MAED 1,450,000 · Oct 2026October 2026 | 84,000 /yr | |
| 508 | 1-bed | 590 sqft | AED 657KAED 656,828 · Jul 2018July 2018 | 60,000 /yr |
506, Murano Residence 1 in numbers
- Sold once: by Murano Properties on 17 May 2023 for AED 750,000, or AED 828 per sqft.
- Rented since October 2019 on one Ejari contract, at AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 14,700 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 17 May 2023.
Questions about 506, Murano Residence 1
What did unit 506 last sell for?
AED 750,000 on 17 May 2023, sold by the developer: AED 828 per sqft for 905 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 50,000 a year on the contract signed on 1 October 2019.
How big is unit 506?
905 sqft (84.1 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2019.
What is unit 506 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 506, Murano Residence 1
Starts from the last sale price (AED 750K, 17 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →