2-bed · 1,695 sqftMurjan Tower, Dubai Marina · 23rd floor · completed 2004

2308, Murjan Tower

Sold prices and rental history: sold twice, last in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2308 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 1.31M11 November 2008
Current rentAED 145K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2308, Murjan Tower

What is 2308 worth today?

Last sold for AED 1,312,000 in 2008

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1 Mar 2022RentedRenewal
AED 145,000/yr12 months · AED 86 per sqft
1 Mar 2021RentedRenewal
AED 135,000/yr12 months · AED 80 per sqft
1 Mar 2020RentedRenewal
AED 153,000/yr12 months · AED 91 per sqft
1 Mar 2019RentedNew contract
AED 170,000/yr12 months · AED 101 per sqft
5 Mar 2017RentedNew contract
AED 230,000/yr12 months · AED 136 per sqft
28 May 2016RentedRenewal
AED 240,000/yr12 months · AED 142 per sqft
28 Nov 2015RentedRenewal
AED 240,000/yr6 months · AED 142 per sqft
28 May 2015RentedRenewal
AED 230,000/yr6 months · AED 136 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
23rd of 37
Parking
2030 , 2031
Developer
Emaar
Completed
2004
Service charge
AED 25,300 /yr
Last sold
AED 1.31M · November 2008
Building
Murjan Tower

About 2308, Murjan Tower

2308 is a two-bedroom apartment of 1,695 sqft on the 23rd floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 11 November 2008 for AED 1,312,000, or AED 774 per sqft, 12% below the AED 884 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 1 March 2022, is AED 145,000 a year: a gross yield of 11.1% on the 2008 price, before the service charge of about AED 25,300 a year.

Sales and rents for 2308 over time

Sales
Unit 2308, 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 2008: AED 1,312,000 (AED 774 per sqft)Sold, November 2008: AED 4,090,500 (AED 2,413 per sqft)

2308 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2308, each contractTypical two-bed in Murjan Tower
100K200K2012201620202024Typical 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, May 2013: AED 215,000 a yearRenewal, May 2014: AED 215,000 a yearRenewal, May 2015: AED 230,000 a yearRenewal, November 2015: AED 240,000 a yearRenewal, May 2016: AED 240,000 a yearNew contract, March 2017: AED 230,000 a yearNew contract, March 2019: AED 170,000 a yearRenewal, March 2020: AED 153,000 a yearRenewal, March 2021: AED 135,000 a yearRenewal, March 2022: AED 145,000 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 2308 sits

All 102 2-beds →

2308 last sold in November 2008 at AED 774 per sqft, 12% below what two-beds in Murjan Tower were fetching at the time (AED 884). 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. 2308's AED 145,000 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 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
23062-bedAED 2.5M · Jul 2023
23071-bedAED 890K · Mar 2009
1–7 of 8

2308, Murjan Tower in numbers

  • Sold twice: first on 11 November 2008 for AED 4,090,500, last on 11 November 2008 for AED 1,312,000 (AED 774 per sqft).
  • Rented since May 2013 on 10 Ejari contracts, from AED 215,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2008 price is 11.1%, 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 1 March 2022.

Questions about 2308, Murjan Tower

What did unit 2308 last sell for?

AED 1,312,000 on 11 November 2008, sold by the developer: AED 774 per sqft for 1,695 sqft. The unit has 2 registered sales; the first was AED 4,090,500 in November 2008.

What is the rent for unit 2308?

AED 145,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 135,000; the unit has been rented since May 2013.

How big is unit 2308?

1,695 sqft (157.5 sqm): a two-bedroom apartment on the 23rd floor of a 37-storey tower completed in 2004.

What is unit 2308 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 2308, Murjan Tower

Starts from the last sale price (AED 1.31M, 11 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,312,000
Deposit, UAE resident (20%)
AED 262,400
Deposit, non-resident (40%)
AED 524,800
Monthly over 25 years at 3.7%
AED 5,368

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