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3-bed · 2,430 sqftMuraba Residence, Palm Jumeirah · 7th floor · completed 2016

706-S, Muraba Residence

Sold prices and rental history: sold once, by the developer in August 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706-S · DLD and Ejari recordsUpdated 9 August 2023
Last soldAED 11.14M9 August 2023
Current rentAED 475K /yr15 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706-S, Muraba Residence

What is 706-S worth today?

Last sold for AED 11,141,906 in 2023

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9 Aug 2023Sold by developerReady
AED 11,141,906AED 4,584 per sqft
15 Dec 2021RentedNew contract
AED 475,000/yr12 months · AED 195 per sqft
4 May 2021RentedNew contract
AED 380,000/yr12 months · AED 156 per sqft
15 Nov 2020RentedNew contract
AED 350,000/yr13 months · AED 144 per sqft

Source: Dubai Land Department. Updated 9 August 2023.

Key facts

Type
3-bed apartment
Size
2,430 sqft
Floor
7th of 9
Parking
B-49,B-50
Developer
Muraba Properties
Completed
2016
Service charge
AED 89,200 /yr
Last sold
AED 11.14M · August 2023
Building
Muraba Residence

About 706-S, Muraba Residence

706-S is a three-bedroom apartment of 2,430 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 9 August 2023 for AED 11,141,906, or AED 4,584 per sqft, 16% above the AED 3,943 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 December 2021, is AED 475,000 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 706-S over time

Rents
Unit 706-S, 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, November 2020: AED 350,000 a yearNew contract, May 2021: AED 380,000 a yearNew contract, December 2021: AED 475,000 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 706-S sits

All 14 3-beds →

706-S last sold in August 2023 at AED 4,584 per sqft, 16% above 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 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
705-S2-bedAED 8.48M · Aug 2023

706-S, Muraba Residence in numbers

  • Sold once: by Muraba Properties on 9 August 2023 for AED 11,141,906, or AED 4,584 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 350,000 to AED 475,000 a year.
  • At AED 475,000 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 9 August 2023.

Questions about 706-S, Muraba Residence

What did unit 706-S last sell for?

AED 11,141,906 on 9 August 2023, sold by the developer: AED 4,584 per sqft for 2,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 706-S?

AED 475,000 a year on the contract signed on 15 December 2021. The previous contract, from May 2021, was AED 380,000; the unit has been rented since November 2020.

How big is unit 706-S?

2,430 sqft (225.8 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower completed in 2016.

What is unit 706-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 706-S, Muraba Residence

Starts from the last sale price (AED 11.14M, 9 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 11,141,906
Deposit, UAE resident (20%)
AED 2,228,381
Deposit, non-resident (40%)
AED 4,456,762
Monthly over 25 years at 3.7%
AED 45,585

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