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2-bed · 1,758 sqftMuraba Residence, Palm Jumeirah · 2nd floor · completed 2016

203-N, Muraba Residence

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203-N · DLD and Ejari recordsUpdated 20 April 2021
Last soldAED 4.98M16 May 2018
Current rentAED 220K /yr20 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203-N, Muraba Residence

What is 203-N worth today?

Last sold for AED 4,983,953 in 2018

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20 Apr 2021RentedNew contract
AED 220,000/yr12 months · AED 125 per sqft
1 Jun 2019RentedNew contract
AED 250,000/yr12 months · AED 142 per sqft
16 May 2018Sold by developerReady
AED 4,983,953AED 2,834 per sqft

Source: Dubai Land Department. Updated 20 April 2021.

Key facts

Type
2-bed apartment
Size
1,758 sqft
Floor
2nd of 9
Parking
B-35 , B-33
Developer
Muraba Properties
Completed
2016
Service charge
AED 64,600 /yr
Last sold
AED 4.98M · May 2018
Building
Muraba Residence

About 203-N, Muraba Residence

203-N is a two-bedroom apartment of 1,758 sqft on the 2nd floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 16 May 2018 for AED 4,983,953, or AED 2,834 per sqft.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 20 April 2021, is AED 220,000 a year: a gross yield of 4.4% on the 2018 price, before the service charge of about AED 64,600 a year.

Sales and rents for 203-N over time

Sales
Unit 203-N, each saleTypical two-bed in Muraba Residence
6M8M2018202120242027Typical sale price by year: 2022 AED 7,299,490; 2023 AED 7,460,649; 2024 AED 8,043,503; 2025 AED 7,738,461; 2026 AED 8,325,000Sold by developer, May 2018: AED 4,983,953 (AED 2,834 per sqft)

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

Rents
Unit 203-N, each contractTypical two-bed in Muraba Residence
200K400K600K20192021202320252027Typical rent by year: 2019 AED 243,500; 2020 AED 230,000; 2021 AED 250,000; 2022 AED 257,693; 2024 AED 550,000; 2025 AED 555,000; 2026 AED 333,000New contract, June 2019: AED 250,000 a yearNew contract, April 2021: AED 220,000 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 203-N sits

All 32 2-beds →

Over the last 12 months two-beds sold for AED 7,000,000 to 10,400,000, around AED 4,735 per sqft, and rent for AED 100,000 to 600,000 a year. 203-N's AED 220,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20267,400,000
11 Sep 20267,000,000
25 Aug 20269,250,000
16 Mar 202610,400,000
4 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. 6 sold in the last 12 months.

Typical price per sqft
AED 4,106
Typical sale
AED 8.33M
Typical rent
AED 430K /yr
Typical yield
5.0%
Muraba Residence, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 50 units in Muraba Residence
Value
201-N3-bedAED 10.56M · Nov 2024
202-N2-bedAED 7.94M · Dec 2024
204-S2-bedAED 5.76M · Aug 2022
205-S2-bedAED 8.15M · Dec 2024
206-S3-bedAED 9.13M · Aug 2023

203-N, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 16 May 2018 for AED 4,983,953, or AED 2,834 per sqft.
  • Rented since June 2019 on 2 Ejari contracts, from AED 250,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2018 price is 4.4%, before a service charge of about AED 64,600 a year (AED 36.72 per sqft).
  • Two-beds in Muraba Residence sold for AED 7,000,000–10,400,000 in the 12 months to November 2026; the building's median across all types is AED 4,106 per sqft.

Source: Dubai Land Department. Updated 20 April 2021.

Questions about 203-N, Muraba Residence

What did unit 203-N last sell for?

AED 4,983,953 on 16 May 2018, sold by the developer: AED 2,834 per sqft for 1,758 sqft. It is the only registered sale of the unit.

What is the rent for unit 203-N?

AED 220,000 a year on the contract signed on 20 April 2021. The previous contract, from June 2019, was AED 250,000.

How big is unit 203-N?

1,758 sqft (163.3 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2016.

What is unit 203-N worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Muraba Residence sold for AED 7,000,000 to 10,400,000 in the last 12 months, around AED 4,735 per sqft.

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Mortgage on 203-N, Muraba Residence

Starts from the last sale price (AED 4.98M, 16 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,983,953
Deposit, UAE resident (20%)
AED 996,791
Deposit, non-resident (40%)
AED 1,993,581
Monthly over 25 years at 3.7%
AED 20,391

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