2-bed · 1,695 sqftMurjan Tower, Dubai Marina · 4th floor · completed 2004

401, Murjan Tower

Sold prices and rental history: sold 4 times, last in November 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 8 November 2016
Last soldAED 3.13M8 November 2016
Current rentAED 205K /yr1 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Murjan Tower

What is 401 worth today?

Last sold for AED 3,125,000 in 2016

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8 Nov 2016SoldReady
AED 3,125,000AED 1,843 per sqft
1 May 2015RentedNew contract
AED 205,000/yr12 months · AED 121 per sqft
1 May 2013RentedNew contract
AED 180,000/yr12 months · AED 107 per sqft
20 Feb 2012SoldReady
AED 2,165,000AED 1,277 per sqft
11 Aug 2008Sold by developerReady
AED 1,789,216AED 1,055 per sqft
11 Aug 2008SoldReady
AED 3,000,000AED 1,769 per sqft

Source: Dubai Land Department. Updated 8 November 2016.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
4th of 37
Parking
2416 , 2421
Developer
Emaar
Completed
2004
Service charge
AED 25,300 /yr
Last sold
AED 3.13M · November 2016
Building
Murjan Tower

About 401, Murjan Tower

401 is a two-bedroom apartment of 1,695 sqft on the 4th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 8 November 2016 for AED 3,125,000, or AED 1,843 per sqft, 6% above the AED 1,731 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 May 2015, is AED 205,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 25,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, August 2008: AED 1,789,216 (AED 1,055 per sqft)Sold, August 2008: AED 3,000,000 (AED 1,769 per sqft)Sold, February 2012: AED 2,165,000 (AED 1,277 per sqft)Sold, November 2016: AED 3,125,000 (AED 1,843 per sqft)

401 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 401, 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, May 2013: AED 180,000 a yearNew contract, May 2015: AED 205,000 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 401 sits

All 102 2-beds →

401 last sold in November 2016 at AED 1,843 per sqft, 6% above what two-beds in Murjan Tower were fetching at the time (AED 1,731). 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. 401's AED 205,000 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 4th floor

All 278 units in Murjan Tower
Value
4021-bedAED 814K · May 2008
4032-bedAED 3M · Sep 2025
4041-bedAED 1.81M · May 2024
4051-bedAED 1.2M · Dec 2009
4062-bedAED 1.07M · Jul 2008
4071-bedAED 2M · Jul 2014
4082-bedAED 2.8M · Mar 2017
1–7 of 8

401, Murjan Tower in numbers

  • Sold 4 times: first on 11 August 2008 for AED 3,000,000, last on 8 November 2016 for AED 3,125,000 (AED 1,843 per sqft).
  • Rented since May 2013 on 2 Ejari contracts, from AED 180,000 to AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2016 price is 6.6%, 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 8 November 2016.

Questions about 401, Murjan Tower

What did unit 401 last sell for?

AED 3,125,000 on 8 November 2016: AED 1,843 per sqft for 1,695 sqft. The unit has 4 registered sales; the first was AED 3,000,000 in August 2008.

What is the rent for unit 401?

AED 205,000 a year on the contract signed on 1 May 2015. The previous contract, from May 2013, was AED 180,000.

How big is unit 401?

1,695 sqft (157.5 sqm): a two-bedroom apartment on the 4th floor of a 37-storey tower completed in 2004.

What is unit 401 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 401, Murjan Tower

Starts from the last sale price (AED 3.13M, 8 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,125,000
Deposit, UAE resident (20%)
AED 625,000
Deposit, non-resident (40%)
AED 1,250,000
Monthly over 25 years at 3.7%
AED 12,785

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