Muraba Residences

Key facts

Handover (past)

Q1 2016

Status

Ready

Construction progress

100%

Property types

Apartments

Availability

Available

How Muraba Residences compares

Entry here is AED 23M, against a median of AED 18M across the 13 priced projects in Palm Jumeirah, which puts it above 8 of them and below 4. The plan opens at 100% down, against a Dubai median of 20%, so it asks 80% more up front than the typical plan.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Fully Equipped Gym
• Swimming Pool
• Vitality Pool

Location

Muraba Residences sits in Palm Jumeirah.

Master plan

The developer’s own site plan for Muraba Residences, showing how the buildings, roads and open space sit together.

What you pay, and when

The published schedule splits the price 100% on booking. At the AED 23,001,600 entry price, that is AED 23,002,000 to reserve a unit.

The Dubai Land Department registration fee is 4% of the purchase price, payable on top: about AED 920,000 at this entry price. That 100% booking payment does not go to Muraba Properties directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 4,792 square feet at AED 23,001,600, which works out at AED 4,800 per square foot. Stated sizes run from 4,792 to 6,745 square feet.

Handover and construction

Muraba Residences handed over in Q1 2016. Construction was last recorded at 100% complete.

Ownership and residency

The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Palm Jumeirah (apartments) run roughly 11 to 15 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 4,792 square foot entry unit that is about AED 53,000 to AED 72,000 a year.

Who it suits

The development is Apartments in 4 to 5 bedroom layouts. Every layout is 4 bedrooms or more, which is family stock rather than the studio end of the market.

What is on site

Among the shared facilities recorded for Muraba Residences are fully equipped gym, swimming pool and vitality pool. The development is 2 units in total. 2 floor plans are published for it.

Frequently asked