2-bed · 1,768 sqftMuraba Residence, Palm Jumeirah · 3rd floor · completed 2016

304-S, Muraba Residence

Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304-S · DLD and Ejari recordsUpdated 16 December 2023
Last soldAED 8.47M16 June 2023
Current rentAED 470K /yr16 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304-S, Muraba Residence

What is 304-S worth today?

Last sold for AED 8,468,704 in 2023

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16 Dec 2023RentedNew contract
AED 470,000/yr12 months · AED 266 per sqft
16 Jun 2023Sold by developerReady
AED 8,468,704AED 4,790 per sqft
24 Sep 2021RentedNew contract
AED 218,400/yr12 months · AED 124 per sqft
24 Jan 2020RentedRenewal
AED 230,000/yr12 months · AED 130 per sqft
24 Jan 2019RentedNew contract
AED 237,000/yr12 months · AED 134 per sqft

Source: Dubai Land Department. Updated 16 December 2023.

Key facts

Type
2-bed apartment
Size
1,768 sqft
Floor
3rd of 9
Parking
B-32
Developer
Muraba Properties
Completed
2016
Service charge
AED 64,900 /yr
Last sold
AED 8.47M · June 2023

About 304-S, Muraba Residence

304-S is a two-bedroom apartment of 1,768 sqft on the 3rd floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 16 June 2023 for AED 8,468,704, or AED 4,790 per sqft, 24% above the AED 3,850 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 16 December 2023, is AED 470,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 64,900 a year.

Sales and rents for 304-S over time

Sales
Unit 304-S, each saleTypical two-bed in Muraba Residence
8M202220242026Typical 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, June 2023: AED 8,468,704 (AED 4,790 per sqft)

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

Rents
Unit 304-S, 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, January 2019: AED 237,000 a yearRenewal, January 2020: AED 230,000 a yearNew contract, September 2021: AED 218,400 a yearNew contract, December 2023: AED 470,000 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 304-S sits

All 32 2-beds →

304-S last sold in June 2023 at AED 4,790 per sqft, 24% above what two-beds in Muraba Residence were fetching at the time (AED 3,850). 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. 304-S's AED 470,000 is in the upper 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 3rd floor

All 50 units in Muraba Residence
Value
301-N3-bedAED 7.94M · Sep 2022
302-N2-bedAED 7.3M · May 2022
303-N2-bedAED 7M · Sep 2026
305-S2-bedAED 6.68M · May 2022
306-S3-bedAED 10.43M · Apr 2025

304-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 16 June 2023 for AED 8,468,704, or AED 4,790 per sqft.
  • Rented since January 2019 on 4 Ejari contracts, from AED 237,000 to AED 470,000 a year.
  • At AED 470,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 64,900 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 16 December 2023.

Questions about 304-S, Muraba Residence

What did unit 304-S last sell for?

AED 8,468,704 on 16 June 2023, sold by the developer: AED 4,790 per sqft for 1,768 sqft. It is the only registered sale of the unit.

What is the rent for unit 304-S?

AED 470,000 a year on the contract signed on 16 December 2023. The previous contract, from September 2021, was AED 218,400; the unit has been rented since January 2019.

How big is unit 304-S?

1,768 sqft (164.3 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2016.

What is unit 304-S 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 304-S, Muraba Residence

Starts from the last sale price (AED 8.47M, 16 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 8,468,704
Deposit, UAE resident (20%)
AED 1,693,741
Deposit, non-resident (40%)
AED 3,387,482
Monthly over 25 years at 3.7%
AED 34,648

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