2-bed · 1,570 sqftMurjan Tower, Dubai Marina · 13th floor · completed 2004

1303, Murjan Tower

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 29 December 2022
Last soldAED 2.4M29 December 2022
Current rentAED 120K /yr20 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1303, Murjan Tower

What is 1303 worth today?

Last sold for AED 2,400,000 in 2022

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29 Dec 2022SoldReady
AED 2,400,000AED 1,528 per sqft
20 May 2022RentedNew contract
AED 120,000/yr12 months · AED 76 per sqft
20 May 2021RentedNew contract
AED 120,000/yr12 months · AED 76 per sqft
20 May 2020RentedNew contract
AED 120,000/yr12 months · AED 76 per sqft
20 May 2019RentedNew contract
AED 120,000/yr12 months · AED 76 per sqft
14 Mar 2019RentedNew contract
AED 130,000/yr12 months · AED 83 per sqft
28 Jun 2010Sold by developerReady
AED 1,420,000AED 904 per sqft

Source: Dubai Land Department. Updated 29 December 2022.

Key facts

Type
2-bed apartment
Size
1,570 sqft
Floor
13th of 37
Parking
2390
Developer
Emaar
Completed
2004
Service charge
AED 23,400 /yr
Last sold
AED 2.4M · December 2022
Building
Murjan Tower

About 1303, Murjan Tower

1303 is a two-bedroom apartment of 1,570 sqft on the 13th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 29 December 2022 for AED 2,400,000, or AED 1,528 per sqft, in line with the AED 1,528 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 20 May 2022, is AED 120,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, each saleTypical two-bed in Murjan Tower
2M4M2008201320182023Typical sale price by year: 2008 AED 1,500,000; 2009 AED 1,207,782; 2010 AED 1,199,500; 2011 AED 1,196,727; 2012 AED 1,970,700; 2013 AED 2,700,000; 2014 AED 2,800,000; 2015 AED 3,250,000; 2016 AED 2,875,000; 2017 AED 2,800,000; 2019 AED 2,150,000; 2021 AED 2,400,000; 2022 AED 2,400,000; 2023 AED 2,650,000; 2024 AED 3,150,000; 2025 AED 3,150,000; 2026 AED 4,500,000Sold by developer, June 2010: AED 1,420,000 (AED 904 per sqft)Sold, December 2022: AED 2,400,000 (AED 1,528 per sqft)

1303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1303, each contractTypical two-bed in Murjan Tower
150K200K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 175,000; 2014 AED 190,000; 2015 AED 190,000; 2016 AED 195,000; 2017 AED 190,000; 2018 AED 160,000; 2019 AED 144,163; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 133,500; 2023 AED 157,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 182,500New contract, March 2019: AED 130,000 a yearNew contract, May 2019: AED 120,000 a yearNew contract, May 2020: AED 120,000 a yearNew contract, May 2021: AED 120,000 a yearNew contract, May 2022: AED 120,000 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 Murjan Tower, and where 1303 sits

All 102 2-beds →

1303 last sold in December 2022 at AED 1,528 per sqft, in line with what two-beds in Murjan Tower were fetching at the time (AED 1,528). Over the last 12 months two-beds sold for AED 3,900,000 to 4,750,000, around AED 2,648 per sqft, and rent for AED 115,000 to 244,125 a year. 1303's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20263,900,000
14 Oct 20264,500,000
4 Feb 20264,750,000
27 Oct 20253,150,000
3 2-bed sales in the last 12 months

Murjan Tower

Building

278 apartments, 1-bed to 5-bed over 37 floors in Dubai Marina, completed in 2004 by Emaar. 12 sold in the last 12 months.

Typical price per sqft
AED 2,238 Up 13.1%
Typical sale
AED 4.2M
Typical rent
AED 174K /yr
Typical yield
4.7%
Murjan Tower, Dubai Marina: prices, sales and rents →

Other units on the 13th floor

All 278 units in Murjan Tower
Value
13012-bedAED 3.5M · Mar 2013
13021-bedAED 1.94M · Apr 2017
13041-bedAED 1.55M · Jun 2022
13051-bedAED 794K · Jun 2010
13062-bedAED 1.8M · Apr 2011
13071-bedAED 854K · Mar 2009
13082-bedAED 1.31M · Mar 2009
1–7 of 8

1303, Murjan Tower in numbers

  • Sold twice: first on 28 June 2010 for AED 1,420,000, last on 29 December 2022 for AED 2,400,000 (AED 1,528 per sqft).
  • Rented since March 2019 on 5 Ejari contracts, from AED 130,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 23,400 a year (AED 14.90 per sqft).
  • Two-beds in Murjan Tower sold for AED 3,900,000–4,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,238 per sqft.

Source: Dubai Land Department. Updated 29 December 2022.

Questions about 1303, Murjan Tower

What did unit 1303 last sell for?

AED 2,400,000 on 29 December 2022: AED 1,528 per sqft for 1,570 sqft. The unit has 2 registered sales; the first was AED 1,420,000 in June 2010.

What is the rent for unit 1303?

AED 120,000 a year on the contract signed on 20 May 2022. The previous contract, from May 2021, was AED 120,000; the unit has been rented since March 2019.

How big is unit 1303?

1,570 sqft (145.9 sqm): a two-bedroom apartment on the 13th floor of a 37-storey tower completed in 2004.

What is unit 1303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan Tower sold for AED 3,900,000 to 4,750,000 in the last 12 months, around AED 2,648 per sqft.

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Mortgage on 1303, Murjan Tower

Starts from the last sale price (AED 2.4M, 29 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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