2-bed · 1,980 sqftMuraba Residence, Palm Jumeirah · 4th floor · completed 2016

405-S, Muraba Residence

Sold prices and rental history: sold once, by the developer in September 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405-S · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 9.08M20 September 2024
Current rentAED 265K /yr19 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405-S, Muraba Residence

What is 405-S worth today?

Last sold for AED 9,079,668 in 2024

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20 Sep 2024Sold by developerReady
AED 9,079,668AED 4,585 per sqft
19 Mar 2022RentedRenewal
AED 265,385/yr13 months · AED 134 per sqft
19 Mar 2021RentedNew contract
AED 250,000/yr12 months · AED 126 per sqft

Source: Dubai Land Department. Updated 20 September 2024.

Key facts

Type
2-bed apartment
Size
1,980 sqft
Floor
4th of 9
Parking
B-58
Developer
Muraba Properties
Completed
2016
Service charge
AED 72,700 /yr
Last sold
AED 9.08M · September 2024

About 405-S, Muraba Residence

405-S is a two-bedroom apartment of 1,980 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 20 September 2024 for AED 9,079,668, or AED 4,585 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 19 March 2022, is AED 265,385 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 72,700 a year.

Sales and rents for 405-S over time

Sales
Unit 405-S, each saleTypical two-bed in Muraba Residence
7M8M9M202220242026Typical 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, September 2024: AED 9,079,668 (AED 4,585 per sqft)

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

Rents
Unit 405-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, March 2021: AED 250,000 a yearRenewal, March 2022: AED 265,385 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 405-S 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. 405-S's AED 265,385 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
404-S2-bedAED 5.71M · Jan 2023
406-S3-bedAED 9.58M · May 2023

405-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 20 September 2024 for AED 9,079,668, or AED 4,585 per sqft.
  • Rented since March 2021 on 2 Ejari contracts, from AED 250,000 to AED 265,385 a year.
  • At AED 265,385 a year the gross yield on the 2024 price is 2.9%, before a service charge of about AED 72,700 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 September 2024.

Questions about 405-S, Muraba Residence

What did unit 405-S last sell for?

AED 9,079,668 on 20 September 2024, sold by the developer: AED 4,585 per sqft for 1,980 sqft. It is the only registered sale of the unit.

What is the rent for unit 405-S?

AED 265,385 a year on the contract renewed on 19 March 2022. The previous contract, from March 2021, was AED 250,000.

How big is unit 405-S?

1,980 sqft (183.9 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2016.

What is unit 405-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 405-S, Muraba Residence

Starts from the last sale price (AED 9.08M, 20 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 9,079,668
Deposit, UAE resident (20%)
AED 1,815,934
Deposit, non-resident (40%)
AED 3,631,867
Monthly over 25 years at 3.7%
AED 37,148

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