2-bed · 1,570 sqftMurjan Tower, Dubai Marina · 17th floor · completed 2004

1706, Murjan Tower

Sold prices and rental history: sold 3 times, last in October 2021, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 12 October 2021
Last soldAED 2.4M12 October 2021
Current rentAED 150K /yr29 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Murjan Tower

What is 1706 worth today?

Last sold for AED 2,400,000 in 2021

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12 Oct 2021SoldReady
AED 2,400,000AED 1,528 per sqft
13 Aug 2020SoldReady
AED 1,600,000AED 1,019 per sqft
29 Aug 2018RentedNew contract
AED 150,000/yr12 months · AED 95 per sqft
10 Jul 2017RentedRenewal
AED 155,000/yr12 months · AED 99 per sqft
10 Jul 2016RentedNew contract
AED 170,000/yr12 months · AED 108 per sqft
19 Nov 2009Sold by developerReady
AED 1,110,000AED 706 per sqft

Source: Dubai Land Department. Updated 12 October 2021.

Key facts

Type
2-bed apartment
Size
1,570 sqft
Floor
17th of 37
Parking
2417
Developer
Emaar
Completed
2004
Service charge
AED 23,400 /yr
Last sold
AED 2.4M · October 2021
Building
Murjan Tower

About 1706, Murjan Tower

1706 is a two-bedroom apartment of 1,570 sqft on the 17th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 12 October 2021 for AED 2,400,000, or AED 1,528 per sqft, 9% above the AED 1,408 two-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 29 August 2018, is AED 150,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 23,400 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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, November 2009: AED 1,110,000 (AED 706 per sqft)Sold, August 2020: AED 1,600,000 (AED 1,019 per sqft)Sold, October 2021: AED 2,400,000 (AED 1,528 per sqft)

1706 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, 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, July 2016: AED 170,000 a yearRenewal, July 2017: AED 155,000 a yearNew contract, August 2018: AED 150,000 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 1706 sits

All 102 2-beds →

1706 last sold in October 2021 at AED 1,528 per sqft, 9% above what two-beds in Murjan Tower were fetching at the time (AED 1,408). 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. 1706's AED 150,000 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
17012-bedAED 1.29M · Aug 2009
17021-bedAED 884K · Mar 2009
17033-bedAED 4.8M · Sep 2023
17051-bedAED 1.8M · Dec 2010
17071-bedAED 868K · Mar 2009
17082-bedAED 3.63M · Sep 2023
17091-bedAED 2.2M · Jan 2023

1706, Murjan Tower in numbers

  • Sold 3 times: first on 19 November 2009 for AED 1,110,000, last on 12 October 2021 for AED 2,400,000 (AED 1,528 per sqft).
  • Rented since July 2016 on 3 Ejari contracts, from AED 170,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2021 price is 6.3%, 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 12 October 2021.

Questions about 1706, Murjan Tower

What did unit 1706 last sell for?

AED 2,400,000 on 12 October 2021: AED 1,528 per sqft for 1,570 sqft. The unit has 3 registered sales; the first was AED 1,110,000 in November 2009.

What is the rent for unit 1706?

AED 150,000 a year on the contract signed on 29 August 2018. The previous contract, from July 2017, was AED 155,000; the unit has been rented since July 2016.

How big is unit 1706?

1,570 sqft (145.9 sqm): a two-bedroom apartment on the 17th floor of a 37-storey tower completed in 2004.

What is unit 1706 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 1706, Murjan Tower

Starts from the last sale price (AED 2.4M, 12 October 2021). 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 →