2-bed · 1,695 sqftMurjan Tower, Dubai Marina · 17th floor · completed 2004

1701, Murjan Tower

Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.29M13 August 2009
Current rentAED 178K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Murjan Tower

What is 1701 worth today?

Last sold for AED 1,291,000 in 2009

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15 Jul 2024RentedRenewal
AED 178,000/yr12 months · AED 105 per sqft
15 Jul 2024RentedRenewal
AED 178,000/yr12 months · AED 105 per sqft
15 Jul 2023RentedRenewal
AED 150,000/yr12 months · AED 89 per sqft
15 Jul 2022RentedRenewal
AED 127,000/yr12 months · AED 75 per sqft
15 Jul 2021RentedRenewal
AED 125,000/yr12 months · AED 74 per sqft
15 Jul 2020RentedNew contract
AED 125,000/yr12 months · AED 74 per sqft
15 Jun 2019RentedNew contract
AED 153,333/yr12 months · AED 91 per sqft
3 Jul 2017RentedRenewal
AED 203,333/yr18 months · AED 120 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
17th of 37
Parking
2432 , 2435
Developer
Emaar
Completed
2004
Service charge
AED 25,300 /yr
Last sold
AED 1.29M · August 2009
Building
Murjan Tower

About 1701, Murjan Tower

1701 is a two-bedroom apartment of 1,695 sqft on the 17th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 13 August 2009 for AED 1,291,000, or AED 761 per sqft, in line with the AED 761 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 178,000 a year: a gross yield of 13.8% on the 2009 price, before the service charge of about AED 25,300 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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, August 2009: AED 1,291,000 (AED 761 per sqft)

1701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, 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, September 2013: AED 190,000 a yearNew contract, July 2016: AED 200,000 a yearRenewal, July 2017: AED 203,333 a yearNew contract, June 2019: AED 153,333 a yearNew contract, July 2020: AED 125,000 a yearRenewal, July 2021: AED 125,000 a yearRenewal, July 2022: AED 127,000 a yearRenewal, July 2023: AED 150,000 a yearRenewal, July 2024: AED 178,000 a yearRenewal, July 2024: AED 178,000 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 1701 sits

All 102 2-beds →

1701 last sold in August 2009 at AED 761 per sqft, in line with what two-beds in Murjan Tower were fetching at the time (AED 761). 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. 1701's AED 178,000 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 17th floor

All 278 units in Murjan Tower
Value
17021-bedAED 884K · Mar 2009
17033-bedAED 4.8M · Sep 2023
17051-bedAED 1.8M · Dec 2010
17062-bedAED 2.4M · Oct 2021
17071-bedAED 868K · Mar 2009
17082-bedAED 3.63M · Sep 2023
17091-bedAED 2.2M · Jan 2023

1701, Murjan Tower in numbers

  • Sold once: by Emaar on 13 August 2009 for AED 1,291,000, or AED 761 per sqft.
  • Rented since September 2013 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 125,000 in 2021 and recovered to AED 178,000 by July 2024.
  • At AED 178,000 a year the gross yield on the 2009 price is 13.8%, before a service charge of about AED 25,300 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 15 July 2024.

Questions about 1701, Murjan Tower

What did unit 1701 last sell for?

AED 1,291,000 on 13 August 2009, sold by the developer: AED 761 per sqft for 1,695 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 178,000 a year on the contract renewed on 15 July 2024. The previous contract, from July 2024, was AED 178,000; the unit has been rented since September 2013.

How big is unit 1701?

1,695 sqft (157.5 sqm): a two-bedroom apartment on the 17th floor of a 37-storey tower completed in 2004.

What is unit 1701 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 1701, Murjan Tower

Starts from the last sale price (AED 1.29M, 13 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,291,000
Deposit, UAE resident (20%)
AED 258,200
Deposit, non-resident (40%)
AED 516,400
Monthly over 25 years at 3.7%
AED 5,282

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