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1-bed · 1,185 sqftMurjan Tower, Dubai Marina · 3rd floor · completed 2004

305, Murjan Tower

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

Unit 305 · DLD and Ejari recordsUpdated 1 September 2017
Last soldAED 1.3M3 August 2008
Current rentAED 93K /yr1 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Murjan Tower

What is 305 worth today?

Last sold for AED 1,300,000 in 2008

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1 Sep 2017RentedNew contract
AED 93,000/yr12 months · AED 79 per sqft
15 Sep 2015RentedNew contract
AED 93,000/yr12 months · AED 79 per sqft
25 Sep 2013RentedNew contract
AED 93,000/yr12 months · AED 79 per sqft
3 Aug 2008Sold by developerReady
AED 1,300,000AED 1,097 per sqft
3 Aug 2008SoldReady
AED 2,000,000AED 1,687 per sqft

Source: Dubai Land Department. Updated 1 September 2017.

Key facts

Type
1-bed apartment
Size
1,185 sqft
Floor
3rd of 37
Parking
2168
Developer
Emaar
Completed
2004
Service charge
AED 17,700 /yr
Last sold
AED 1.3M · August 2008
Building
Murjan Tower

About 305, Murjan Tower

305 is a one-bedroom apartment of 1,185 sqft on the 3rd floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 3 August 2008 for AED 1,300,000, or AED 1,097 per sqft, 41% above the AED 778 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 September 2017, is AED 93,000 a year: a gross yield of 7.1% on the 2008 price, before the service charge of about AED 17,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in Murjan Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 1,185,000; 2009 AED 889,889; 2010 AED 1,015,000; 2011 AED 1,209,125; 2012 AED 1,300,000; 2013 AED 1,750,000; 2014 AED 2,400,000; 2015 AED 1,242,250; 2016 AED 1,600,000; 2017 AED 1,920,000; 2018 AED 1,850,000; 2019 AED 1,000,000; 2021 AED 1,550,000; 2022 AED 1,600,000; 2023 AED 2,335,000; 2024 AED 2,350,000; 2025 AED 2,350,000; 2026 AED 2,365,036Sold by developer, August 2008: AED 1,300,000 (AED 1,097 per sqft)Sold, August 2008: AED 2,000,000 (AED 1,687 per sqft)

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

Rents
Unit 305, each contractTypical one-bed in Murjan Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 127,500; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 95,000; 2020 AED 85,000; 2021 AED 81,000; 2022 AED 90,000; 2023 AED 108,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 122,500New contract, September 2013: AED 93,000 a yearNew contract, September 2015: AED 93,000 a yearNew contract, September 2017: AED 93,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Murjan Tower, and where 305 sits

All 106 1-beds →

305 last sold in August 2008 at AED 1,097 per sqft, 41% above what one-beds in Murjan Tower were fetching at the time (AED 778). Over the last 12 months one-beds sold for AED 2,000,000 to 3,600,000, around AED 2,089 per sqft, and rent for AED 50,000 to 260,000 a year. 305's AED 93,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jul 20262,450,000
14 May 20262,000,000
27 Feb 20263,600,000
25 Feb 20262,280,071
5 1-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 3rd floor

All 278 units in Murjan Tower
Value
3012-bedAED 1.24M · Jul 2008
3021-bedAED 811K · Jun 2016
3032-bedAED 2.08M · Jun 2010
3041-bedAED 945K · Nov 2011
3062-bedAED 1.2M · Jul 2010
3071-bedAED 796K · May 2009
3082-bedAED 1.59M · Nov 2020
1–7 of 8

305, Murjan Tower in numbers

  • Sold twice: first on 3 August 2008 for AED 2,000,000, last on 3 August 2008 for AED 1,300,000 (AED 1,097 per sqft).
  • Rented since September 2013 on 3 Ejari contracts, at AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2008 price is 7.1%, before a service charge of about AED 17,700 a year (AED 14.90 per sqft).
  • One-beds in Murjan Tower sold for AED 2,000,000–3,600,000 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 2017.

Questions about 305, Murjan Tower

What did unit 305 last sell for?

AED 1,300,000 on 3 August 2008, sold by the developer: AED 1,097 per sqft for 1,185 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in August 2008.

What is the rent for unit 305?

AED 93,000 a year on the contract signed on 1 September 2017. The previous contract, from September 2015, was AED 93,000; the unit has been rented since September 2013.

How big is unit 305?

1,185 sqft (110.1 sqm): a one-bedroom apartment on the 3rd floor of a 37-storey tower completed in 2004.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murjan Tower sold for AED 2,000,000 to 3,600,000 in the last 12 months, around AED 2,089 per sqft.

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Mortgage on 305, Murjan Tower

Starts from the last sale price (AED 1.3M, 3 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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