3-bed · 2,755 sqftMurjan Tower, Dubai Marina · 17th floor · completed 2004

1703, Murjan Tower

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 22 September 2023
Last soldAED 4.8M22 September 2023
Current rentAED 35K /yr28 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Murjan Tower

What is 1703 worth today?

Last sold for AED 4,800,000 in 2023

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22 Sep 2023SoldReady
AED 4,800,000AED 1,742 per sqft
28 Aug 2023RentedNew contract · flagged as an outlier
AED 35,250/yr12 months · AED 13 per sqft
8 Sep 2022RentedNew contract
AED 170,000/yr12 months · AED 62 per sqft
8 Sep 2021RentedRenewal
AED 170,000/yr12 months · AED 62 per sqft
8 Sep 2020RentedNew contract
AED 150,000/yr12 months · AED 54 per sqft
17 Jul 2019RentedNew contract
AED 180,000/yr12 months · AED 65 per sqft
1 Mar 2018RentedNew contract
AED 205,000/yr12 months · AED 74 per sqft
20 Feb 2017RentedNew contract
AED 240,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 22 September 2023.

Key facts

Type
3-bed apartment
Size
2,755 sqft
Floor
17th of 37
Parking
2430 , 2431
Developer
Emaar
Completed
2004
Service charge
AED 41,100 /yr
Last sold
AED 4.8M · September 2023
Building
Murjan Tower

About 1703, Murjan Tower

1703 is a three-bedroom apartment of 2,755 sqft on the 17th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 22 September 2023 for AED 4,800,000, or AED 1,742 per sqft, 10% above the AED 1,577 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 28 August 2023, is AED 35,250 a year: a gross yield of 0.7% on the 2023 price, before the service charge of about AED 41,100 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical three-bed in Murjan Tower
5M2008201320182023Typical sale price by year: 2008 AED 1,759,500; 2009 AED 2,044,000; 2010 AED 3,275,000; 2011 AED 1,910,592; 2012 AED 1,808,000; 2013 AED 3,900,000; 2014 AED 5,200,000; 2015 AED 2,417,125; 2016 AED 3,700,000; 2017 AED 3,600,000; 2019 AED 2,700,000; 2021 AED 4,350,000; 2022 AED 3,500,000; 2023 AED 4,800,000; 2024 AED 4,725,000; 2025 AED 6,715,000; 2026 AED 5,200,000Sold by developer, November 2008: AED 1,084,750 (AED 393 per sqft)Sold, July 2012: AED 1,084,750 (AED 393 per sqft)Sold, September 2023: AED 4,800,000 (AED 1,742 per sqft)

1703 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1703, each contractTypical three-bed in Murjan Tower
150K200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 229,000; 2014 AED 230,000; 2015 AED 245,000; 2016 AED 222,000; 2017 AED 212,926; 2018 AED 209,738; 2019 AED 196,500; 2020 AED 160,000; 2021 AED 155,000; 2022 AED 186,500; 2023 AED 200,000; 2024 AED 220,000; 2025 AED 225,000; 2026 AED 240,675New contract, April 2013: AED 245,000 a yearNew contract, July 2014: AED 255,000 a yearNew contract, August 2015: AED 260,000 a yearNew contract, February 2017: AED 240,000 a yearNew contract, March 2018: AED 205,000 a yearNew contract, July 2019: AED 180,000 a yearNew contract, September 2020: AED 150,000 a yearRenewal, September 2021: AED 170,000 a yearNew contract, September 2022: AED 170,000 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 Murjan Tower, and where 1703 sits

All 68 3-beds →

1703 last sold in September 2023 at AED 1,742 per sqft, 10% above what three-beds in Murjan Tower were fetching at the time (AED 1,577). Over the last 12 months three-beds sold for AED 4,800,000 to 5,650,000, around AED 2,306 per sqft, and rent for AED 150,000 to 450,000 a year. 1703's AED 35,250 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Feb 20265,650,000
20 Feb 20264,800,000
15 Jan 20265,200,000
30 Apr 20257,500,000
3 3-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
17012-bedAED 1.29M · Aug 2009
17021-bedAED 884K · Mar 2009
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

1703, Murjan Tower in numbers

  • Sold 3 times: first on 5 November 2008 for AED 1,084,750, last on 22 September 2023 for AED 4,800,000 (AED 1,742 per sqft).
  • Rented since April 2013 on 10 Ejari contracts, from AED 245,000 to AED 35,250 a year.
  • At AED 35,250 a year the gross yield on the 2023 price is 0.7%, before a service charge of about AED 41,100 a year (AED 14.90 per sqft).
  • Three-beds in Murjan Tower sold for AED 4,800,000–5,650,000 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 22 September 2023.

Questions about 1703, Murjan Tower

What did unit 1703 last sell for?

AED 4,800,000 on 22 September 2023: AED 1,742 per sqft for 2,755 sqft. The unit has 3 registered sales; the first was AED 1,084,750 in November 2008.

What is the rent for unit 1703?

AED 35,250 a year on the contract signed on 28 August 2023. The previous contract, from September 2022, was AED 170,000; the unit has been rented since April 2013.

How big is unit 1703?

2,755 sqft (255.9 sqm): a three-bedroom apartment on the 17th floor of a 37-storey tower completed in 2004.

What is unit 1703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan Tower sold for AED 4,800,000 to 5,650,000 in the last 12 months, around AED 2,306 per sqft.

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Mortgage on 1703, Murjan Tower

Starts from the last sale price (AED 4.8M, 22 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,800,000
Deposit, UAE resident (20%)
AED 960,000
Deposit, non-resident (40%)
AED 1,920,000
Monthly over 25 years at 3.7%
AED 19,638

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