Home
Dubai prices
About
Research
1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 12th floor · completed 2007

1203, Murjan 1

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

Unit 1203 · DLD and Ejari recordsUpdated 1 December 2015
Last soldAED 710K16 July 2008
Current rentAED 95K /yr1 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1203

Property timeline for 1203, Murjan 1

What is 1203 worth today?

Last sold for AED 710,000 in 2008

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Dec 2015RentedRenewal
AED 95,090/yr12 months · AED 86 per sqft
1 Dec 2014RentedRenewal
AED 94,500/yr12 months · AED 85 per sqft
1 Dec 2013RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
16 Jul 2008Sold by developerReady
AED 710,000AED 642 per sqft

Source: Dubai Land Department. Updated 1 December 2015.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
12th of 47
Parking
B119
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 710K · July 2008
Building
Murjan 1

About 1203, Murjan 1

1203 is a one-bedroom apartment of 1,106 sqft on the 12th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 16 July 2008 for AED 710,000, or AED 642 per sqft, 25% above the AED 514 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 1 December 2015, is AED 95,090 a year: a gross yield of 13.4% on the 2008 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in Murjan 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 560,000; 2008 AED 680,000; 2009 AED 900,000; 2010 AED 800,000; 2011 AED 1,075,000; 2012 AED 1,064,000; 2013 AED 1,400,000; 2014 AED 1,550,000; 2015 AED 1,675,000; 2016 AED 1,475,000; 2017 AED 1,422,500; 2018 AED 1,390,000; 2020 AED 1,000,000; 2021 AED 1,145,000; 2022 AED 1,390,000; 2023 AED 1,480,000; 2024 AED 1,530,000; 2025 AED 1,675,000; 2026 AED 1,924,887Sold by developer, July 2008: AED 710,000 (AED 642 per sqft)

1203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Murjan 1
60K80K100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 85,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 65,000; 2021 AED 68,000; 2022 AED 77,000; 2023 AED 85,000; 2024 AED 96,000; 2025 AED 100,000; 2026 AED 100,000New contract, December 2013: AED 90,000 a yearRenewal, December 2014: AED 94,500 a yearRenewal, December 2015: AED 95,090 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 1, and where 1203 sits

All 104 1-beds →

1203 last sold in July 2008 at AED 642 per sqft, 25% above what one-beds in Murjan 1 were fetching at the time (AED 514). Over the last 12 months one-beds sold for AED 1,513,517 to 2,000,000, around AED 1,662 per sqft, and rent for AED 40,000 to 130,000 a year. 1203's AED 95,090 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20261,513,517
20 Feb 20261,924,887
28 Jan 20262,000,000
27 Nov 20251,750,000
4 1-bed sales in the last 12 months

Murjan 1

Building

340 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 28 sold in the last 12 months.

Typical price per sqft
AED 1,520 Up 0.7%
Typical sale
AED 2.35M
Typical rent
AED 118K /yr
Typical yield
5.8%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 12th floor

All 340 units in Murjan 1
Value
12013-bedAED 2.4M · Feb 2024
12023-bedAED 1.6M · Mar 2011
12041-bedAED 449K · Nov 2008
12051-bedAED 2.15M · Jun 2014
12061-bedAED 2.02M · Mar 2011
12073-bedAED 699K · Apr 2009
12083-bedAED 1.53M · Jul 2019

1203, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 16 July 2008 for AED 710,000, or AED 642 per sqft.
  • Rented since December 2013 on 3 Ejari contracts, from AED 90,000 to AED 95,090 a year.
  • At AED 95,090 a year the gross yield on the 2008 price is 13.4%, before a service charge of about AED 16,500 a year (AED 14.89 per sqft).
  • One-beds in Murjan 1 sold for AED 1,513,517–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,520 per sqft.

Source: Dubai Land Department. Updated 1 December 2015.

Questions about 1203, Murjan 1

What did unit 1203 last sell for?

AED 710,000 on 16 July 2008, sold by the developer: AED 642 per sqft for 1,106 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 95,090 a year on the contract renewed on 1 December 2015. The previous contract, from December 2014, was AED 94,500; the unit has been rented since December 2013.

How big is unit 1203?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 12th floor of a 47-storey tower completed in 2007.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murjan 1 sold for AED 1,513,517 to 2,000,000 in the last 12 months, around AED 1,662 per sqft.

Selling 1203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1203, Murjan 1

Starts from the last sale price (AED 710K, 16 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

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