2-bed · 1,768 sqftMuraba Residence, Palm Jumeirah · 4th floor · completed 2016

404-S, Muraba Residence

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

Unit 404-S · DLD and Ejari recordsUpdated 2 January 2023
Last soldAED 5.71M2 January 2023
Current rentAED 258K /yr30 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404-S, Muraba Residence

What is 404-S worth today?

Last sold for AED 5,711,724 in 2023

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2 Jan 2023Sold by developerReady
AED 5,711,724AED 3,230 per sqft
30 Jan 2019RentedNew contract
AED 258,000/yr12 months · AED 146 per sqft

Source: Dubai Land Department. Updated 2 January 2023.

Key facts

Type
2-bed apartment
Size
1,768 sqft
Floor
4th of 9
Parking
B-30
Developer
Muraba Properties
Completed
2016
Service charge
AED 64,900 /yr
Last sold
AED 5.71M · January 2023

About 404-S, Muraba Residence

404-S is a two-bedroom apartment of 1,768 sqft on the 4th floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 2 January 2023 for AED 5,711,724, or AED 3,230 per sqft, 15% below the AED 3,798 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 30 January 2019. The current contract, signed on 30 January 2019, is AED 258,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 64,900 a year.

Sales and rents for 404-S over time

Sales
Unit 404-S, each saleTypical two-bed in Muraba Residence
6M8M202220242026Typical 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, January 2023: AED 5,711,724 (AED 3,230 per sqft)

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

Rents
Unit 404-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 258,000 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 404-S sits

All 32 2-beds →

404-S last sold in January 2023 at AED 3,230 per sqft, 15% below what two-beds in Muraba Residence were fetching at the time (AED 3,798). 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. 404-S's AED 258,000 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 4th floor

All 50 units in Muraba Residence
Value
401-N3-bedAED 7.18M · Jul 2015
402-N2-bedAED 8.79M · Nov 2022
403-N2-bedAED 7.4M · Oct 2026
405-S2-bedAED 9.08M · Sep 2024
406-S3-bedAED 9.58M · May 2023

404-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 2 January 2023 for AED 5,711,724, or AED 3,230 per sqft.
  • Rented since January 2019 on one Ejari contract, at AED 258,000 a year.
  • At AED 258,000 a year the gross yield on the 2023 price is 4.5%, 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 2 January 2023.

Questions about 404-S, Muraba Residence

What did unit 404-S last sell for?

AED 5,711,724 on 2 January 2023, sold by the developer: AED 3,230 per sqft for 1,768 sqft. It is the only registered sale of the unit.

What is the rent for unit 404-S?

AED 258,000 a year on the contract signed on 30 January 2019.

How big is unit 404-S?

1,768 sqft (164.3 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2016.

What is unit 404-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 404-S, Muraba Residence

Starts from the last sale price (AED 5.71M, 2 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,711,724
Deposit, UAE resident (20%)
AED 1,142,345
Deposit, non-resident (40%)
AED 2,284,690
Monthly over 25 years at 3.7%
AED 23,368

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