3-bed · 2,430 sqftMuraba Residence, Palm Jumeirah · 4th floor · completed 2016

406-S, Muraba Residence

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

Unit 406-S · DLD and Ejari recordsUpdated 11 May 2023
Last soldAED 9.58M11 May 2023
Current rentAED 410K /yr1 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406-S, Muraba Residence

What is 406-S worth today?

Last sold for AED 9,583,721 in 2023

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11 May 2023Sold by developerReady
AED 9,583,721AED 3,943 per sqft
1 Dec 2021RentedNew contract
AED 410,000/yr12 months · AED 169 per sqft
1 Feb 2019RentedNew contract
AED 315,000/yr12 months · AED 130 per sqft

Source: Dubai Land Department. Updated 11 May 2023.

Key facts

Type
3-bed apartment
Size
2,430 sqft
Floor
4th of 9
Parking
B-55,B-54
Developer
Muraba Properties
Completed
2016
Service charge
AED 89,200 /yr
Last sold
AED 9.58M · May 2023

About 406-S, Muraba Residence

406-S is a three-bedroom apartment of 2,430 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 11 May 2023 for AED 9,583,721, or AED 3,943 per sqft, in line with the AED 3,943 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 December 2021, is AED 410,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 89,200 a year.

Sales and rents for 406-S over time

Rents
Unit 406-S, each contractTypical three-bed in Muraba Residence
300K350K400K20192020202120222023Typical rent by year: 2019 AED 322,500; 2020 AED 349,999; 2021 AED 360,000; 2022 AED 390,000New contract, February 2019: AED 315,000 a yearNew contract, December 2021: AED 410,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Muraba Residence, and where 406-S sits

All 14 3-beds →

406-S last sold in May 2023 at AED 3,943 per sqft, in line with what three-beds in Muraba Residence were fetching at the time (AED 3,943). Over the last 12 months three-beds sold for AED 6,700,000 to 9,729,897, around AED 3,380 per sqft, and rent for AED 149,112 to 430,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
31 Mar 20266,700,000
22 Nov 20259,729,897
21 Apr 202510,429,897
12 Nov 202410,562,292
2 3-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
405-S2-bedAED 9.08M · Sep 2024

406-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 11 May 2023 for AED 9,583,721, or AED 3,943 per sqft.
  • Rented since February 2019 on 2 Ejari contracts, from AED 315,000 to AED 410,000 a year.
  • At AED 410,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 89,200 a year (AED 36.72 per sqft).
  • Three-beds in Muraba Residence sold for AED 6,700,000–9,729,897 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 11 May 2023.

Questions about 406-S, Muraba Residence

What did unit 406-S last sell for?

AED 9,583,721 on 11 May 2023, sold by the developer: AED 3,943 per sqft for 2,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 406-S?

AED 410,000 a year on the contract signed on 1 December 2021. The previous contract, from February 2019, was AED 315,000.

How big is unit 406-S?

2,430 sqft (225.8 sqm): a three-bedroom apartment on the 4th floor of a 9-storey tower completed in 2016.

What is unit 406-S worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Muraba Residence sold for AED 6,700,000 to 9,729,897 in the last 12 months, around AED 3,380 per sqft.

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Mortgage on 406-S, Muraba Residence

Starts from the last sale price (AED 9.58M, 11 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,583,721
Deposit, UAE resident (20%)
AED 1,916,744
Deposit, non-resident (40%)
AED 3,833,488
Monthly over 25 years at 3.7%
AED 39,210

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