2-bed · 1,570 sqftMurjan Tower, Dubai Marina · 23rd floor · completed 2004

2306, Murjan Tower

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

Unit 2306 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 2.5M27 July 2023
Current rentAED 195K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, Murjan Tower

What is 2306 worth today?

Last sold for AED 2,500,000 in 2023

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1 Sep 2024RentedNew contract
AED 195,000/yr12 months · AED 124 per sqft
1 Sep 2024RentedNew contract
AED 195,000/yr12 months · AED 124 per sqft
27 Jul 2023SoldReady
AED 2,500,000AED 1,592 per sqft
18 Jul 2022RentedRenewal
AED 120,000/yr12 months · AED 76 per sqft
18 Jul 2021RentedNew contract
AED 110,000/yr12 months · AED 70 per sqft
20 Jun 2020RentedNew contract
AED 100,000/yr12 months · AED 64 per sqft
8 Jul 2019RentedNew contract
AED 122,000/yr12 months · AED 78 per sqft
22 Jun 2018RentedNew contract
AED 150,000/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,570 sqft
Floor
23rd of 37
Parking
2104
Developer
Emaar
Completed
2004
Service charge
AED 23,400 /yr
Last sold
AED 2.5M · July 2023
Building
Murjan Tower

About 2306, Murjan Tower

2306 is a two-bedroom apartment of 1,570 sqft on the 23rd floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 27 July 2023 for AED 2,500,000, or AED 1,592 per sqft, 7% above the AED 1,481 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 1 September 2024, is AED 195,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 23,400 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, 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, May 2008: AED 1,131,000 (AED 720 per sqft)Sold, May 2008: AED 2,850,000 (AED 1,815 per sqft)Sold, July 2023: AED 2,500,000 (AED 1,592 per sqft)

2306 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2306, each contractTypical two-bed in Murjan Tower
100K150K200K2012201620202024Typical 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, August 2013: AED 130,000 a yearNew contract, August 2014: AED 136,500 a yearNew contract, November 2015: AED 180,000 a yearRenewal, November 2016: AED 180,000 a yearRenewal, November 2017: AED 180,000 a yearNew contract, June 2018: AED 150,000 a yearNew contract, July 2019: AED 122,000 a yearNew contract, June 2020: AED 100,000 a yearNew contract, July 2021: AED 110,000 a yearRenewal, July 2022: AED 120,000 a yearNew contract, September 2024: AED 195,000 a yearNew contract, September 2024: AED 195,000 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 2306 sits

All 102 2-beds →

2306 last sold in July 2023 at AED 1,592 per sqft, 7% above what two-beds in Murjan Tower were fetching at the time (AED 1,481). 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. 2306's AED 195,000 is in the upper 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 23rd floor

All 278 units in Murjan Tower
Value
23012-bedAED 4.1M · Dec 2013
23021-bedAED 2.5M · Jan 2025
23032-bedAED 1.84M · Feb 2012
23041-bedAED 948K · Aug 2010
23051-bedAED 1.1M · Dec 2011
23071-bedAED 890K · Mar 2009
23082-bedAED 4.09M · Nov 2008
1–7 of 8

2306, Murjan Tower in numbers

  • Sold 3 times: first on 25 May 2008 for AED 2,850,000, last on 27 July 2023 for AED 2,500,000 (AED 1,592 per sqft).
  • Rented since August 2013 on 12 Ejari contracts. The rent fell from AED 130,000 to AED 100,000 in 2020 and recovered to AED 195,000 by September 2024.
  • At AED 195,000 a year the gross yield on the 2023 price is 7.8%, 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 1 September 2024.

Questions about 2306, Murjan Tower

What did unit 2306 last sell for?

AED 2,500,000 on 27 July 2023: AED 1,592 per sqft for 1,570 sqft. The unit has 3 registered sales; the first was AED 2,850,000 in May 2008.

What is the rent for unit 2306?

AED 195,000 a year on the contract signed on 1 September 2024. The previous contract, from September 2024, was AED 195,000; the unit has been rented since August 2013.

How big is unit 2306?

1,570 sqft (145.9 sqm): a two-bedroom apartment on the 23rd floor of a 37-storey tower completed in 2004.

What is unit 2306 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 2306, Murjan Tower

Starts from the last sale price (AED 2.5M, 27 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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