2-bed · 1,980 sqftMuraba Residence, Palm Jumeirah · 7th floor · completed 2016

705-S, Muraba Residence

Sold prices and rental history: sold once, by the developer in August 2023, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705-S · DLD and Ejari recordsUpdated 7 August 2023
Last soldAED 8.48M7 August 2023
Current rentAED 285K /yr15 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705-S, Muraba Residence

What is 705-S worth today?

Last sold for AED 8,479,668 in 2023

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7 Aug 2023Sold by developerReady
AED 8,479,668AED 4,282 per sqft
15 May 2021RentedNew contract
AED 285,000/yr12 months · AED 144 per sqft

Source: Dubai Land Department. Updated 7 August 2023.

Key facts

Type
2-bed apartment
Size
1,980 sqft
Floor
7th of 9
Parking
B-48,B-25
Developer
Muraba Properties
Completed
2016
Service charge
AED 72,700 /yr
Last sold
AED 8.48M · August 2023

About 705-S, Muraba Residence

705-S is a two-bedroom apartment of 1,980 sqft on the 7th floor of Muraba Residence, a 9-storey tower in Palm Jumeirah completed in 2016 by Muraba Properties. The developer sold it on 7 August 2023 for AED 8,479,668, or AED 4,282 per sqft, 9% above the AED 3,938 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 May 2021. The current contract, signed on 15 May 2021, is AED 285,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 72,700 a year.

Sales and rents for 705-S over time

Sales
Unit 705-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, August 2023: AED 8,479,668 (AED 4,282 per sqft)

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

Rents
Unit 705-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, May 2021: AED 285,000 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 705-S sits

All 32 2-beds →

705-S last sold in August 2023 at AED 4,282 per sqft, 9% above what two-beds in Muraba Residence were fetching at the time (AED 3,938). 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. 705-S's AED 285,000 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 7th floor

All 50 units in Muraba Residence
Value
701-N3-bedAED 8.44M · Jun 2021
702-N2-bedAED 7M · Jul 2025
703-N2-bedAED 7.51M · Apr 2022
704-S2-bedAED 10.4M · Mar 2026
706-S3-bedAED 11.14M · Aug 2023

705-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 7 August 2023 for AED 8,479,668, or AED 4,282 per sqft.
  • Rented since May 2021 on one Ejari contract, at AED 285,000 a year.
  • At AED 285,000 a year the gross yield on the 2023 price is 3.4%, 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 7 August 2023.

Questions about 705-S, Muraba Residence

What did unit 705-S last sell for?

AED 8,479,668 on 7 August 2023, sold by the developer: AED 4,282 per sqft for 1,980 sqft. It is the only registered sale of the unit.

What is the rent for unit 705-S?

AED 285,000 a year on the contract signed on 15 May 2021.

How big is unit 705-S?

1,980 sqft (183.9 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2016.

What is unit 705-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 705-S, Muraba Residence

Starts from the last sale price (AED 8.48M, 7 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 8,479,668
Deposit, UAE resident (20%)
AED 1,695,934
Deposit, non-resident (40%)
AED 3,391,867
Monthly over 25 years at 3.7%
AED 34,693

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