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

1708, Murjan Tower

Sold prices and rental history: sold 5 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 1708 · DLD and Ejari recordsUpdated 5 September 2023
Last soldAED 3.63M5 September 2023
Current rentAED 125K /yr20 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1708, Murjan Tower

What is 1708 worth today?

Last sold for AED 3,630,000 in 2023

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5 Sep 2023SoldReady
AED 3,630,000AED 2,141 per sqft
10 Mar 2022SoldReady
AED 3,175,000AED 1,873 per sqft
20 Feb 2021RentedRenewal
AED 125,000/yr12 months · AED 74 per sqft
20 Feb 2020RentedNew contract
AED 130,000/yr12 months · AED 77 per sqft
1 Dec 2018RentedNew contract
AED 150,000/yr12 months · AED 89 per sqft
21 Nov 2017RentedRenewal
AED 205,000/yr12 months · AED 121 per sqft
21 Nov 2016RentedNew contract
AED 205,000/yr12 months · AED 121 per sqft
2 Oct 2015RentedRenewal
AED 225,000/yr12 months · AED 133 per sqft

Source: Dubai Land Department. Updated 5 September 2023.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
17th of 37
Parking
2424 , 2425
Developer
Emaar
Completed
2004
Service charge
AED 25,300 /yr
Last sold
AED 3.63M · September 2023
Building
Murjan Tower

About 1708, Murjan Tower

1708 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. It last sold on 5 September 2023 for AED 3,630,000, or AED 2,141 per sqft, 40% above the AED 1,528 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 20 February 2021, is AED 125,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 25,300 a year.

Sales and rents for 1708 over time

Sales
Unit 1708, 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, January 2009: AED 1,291,000 (AED 761 per sqft)Sold, July 2011: AED 2,650,000 (AED 1,563 per sqft)Sold, December 2012: AED 2,900,000 (AED 1,710 per sqft)Sold, March 2022: AED 3,175,000 (AED 1,873 per sqft)Sold, September 2023: AED 3,630,000 (AED 2,141 per sqft)

1708 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1708, 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 2013: AED 185,000 a yearNew contract, March 2014: AED 205,000 a yearNew contract, October 2014: AED 225,000 a yearRenewal, October 2015: AED 225,000 a yearNew contract, November 2016: AED 205,000 a yearRenewal, November 2017: AED 205,000 a yearNew contract, December 2018: AED 150,000 a yearNew contract, February 2020: AED 130,000 a yearRenewal, February 2021: AED 125,000 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 1708 sits

All 102 2-beds →

1708 last sold in September 2023 at AED 2,141 per sqft, 40% above 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. 1708's AED 125,000 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
17062-bedAED 2.4M · Oct 2021
17071-bedAED 868K · Mar 2009
17091-bedAED 2.2M · Jan 2023

1708, Murjan Tower in numbers

  • Sold 5 times: first on 15 January 2009 for AED 1,291,000, last on 5 September 2023 for AED 3,630,000 (AED 2,141 per sqft).
  • Rented since March 2013 on 9 Ejari contracts, from AED 185,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 3.4%, 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 5 September 2023.

Questions about 1708, Murjan Tower

What did unit 1708 last sell for?

AED 3,630,000 on 5 September 2023: AED 2,141 per sqft for 1,695 sqft. The unit has 5 registered sales; the first was AED 1,291,000 in January 2009.

What is the rent for unit 1708?

AED 125,000 a year on the contract renewed on 20 February 2021. The previous contract, from February 2020, was AED 130,000; the unit has been rented since March 2013.

How big is unit 1708?

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 1708 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 1708, Murjan Tower

Starts from the last sale price (AED 3.63M, 5 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,630,000
Deposit, UAE resident (20%)
AED 726,000
Deposit, non-resident (40%)
AED 1,452,000
Monthly over 25 years at 3.7%
AED 14,851

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