3-bed · 2,430 sqftMuraba Residence, Palm Jumeirah · 5th floor · completed 2016

501-N, Muraba Residence

Sold prices and rental history: sold twice, last in May 2024, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501-N · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 9.43M10 May 2024
Current rentAED 530K /yr24 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501-N, Muraba Residence

What is 501-N worth today?

Last sold for AED 9,425,000 in 2024

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10 May 2024SoldReady
AED 9,425,000AED 3,878 per sqft
24 Apr 2022RentedNew contract
AED 530,000/yr12 months · AED 218 per sqft
20 Jun 2019Sold by developerReady
AED 7,541,877AED 3,103 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
3-bed apartment
Size
2,430 sqft
Floor
5th of 9
Parking
B-01,B-02
Developer
Muraba Properties
Completed
2016
Service charge
AED 89,200 /yr
Last sold
AED 9.43M · May 2024

About 501-N, Muraba Residence

501-N is a three-bedroom apartment of 2,430 sqft on the 5th floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. It last sold on 10 May 2024 for AED 9,425,000, or AED 3,878 per sqft, in line with the AED 3,851 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 April 2022. The current contract, signed on 24 April 2022, is AED 530,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 89,200 a year.

Sales and rents for 501-N over time

Rents
Unit 501-N, each contractTypical three-bed in Muraba Residence
300K400K500K20192020202120222023Typical rent by year: 2019 AED 322,500; 2020 AED 349,999; 2021 AED 360,000; 2022 AED 390,000New contract, April 2022: AED 530,000 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 501-N sits

All 14 3-beds →

501-N last sold in May 2024 at AED 3,878 per sqft, in line with what three-beds in Muraba Residence were fetching at the time (AED 3,851). 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 5th floor

All 50 units in Muraba Residence
Value
502-N2-bedAED 7.45M · May 2022
503-N2-bedAED 6.77M · Aug 2022
504-S2-bedAED 5.58M · Jun 2019
505-S2-bedAED 7.8M · Aug 2022
506-S3-bedAED 6.7M · Mar 2026

501-N, Muraba Residence in numbers

  • Sold twice: first on 20 June 2019 for AED 7,541,877, last on 10 May 2024 for AED 9,425,000 (AED 3,878 per sqft).
  • Rented since April 2022 on one Ejari contract, at AED 530,000 a year.
  • At AED 530,000 a year the gross yield on the 2024 price is 5.6%, 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 10 May 2024.

Questions about 501-N, Muraba Residence

What did unit 501-N last sell for?

AED 9,425,000 on 10 May 2024: AED 3,878 per sqft for 2,430 sqft. The unit has 2 registered sales; the first was AED 7,541,877 in June 2019.

What is the rent for unit 501-N?

AED 530,000 a year on the contract signed on 24 April 2022.

How big is unit 501-N?

2,430 sqft (225.8 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower completed in 2016.

What is unit 501-N 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 501-N, Muraba Residence

Starts from the last sale price (AED 9.43M, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 9,425,000
Deposit, UAE resident (20%)
AED 1,885,000
Deposit, non-resident (40%)
AED 3,770,000
Monthly over 25 years at 3.7%
AED 38,561

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