3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 15th floor · completed 2007

1502, Murjan 1

Sold prices and rental history: sold 4 times, last in March 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 2.1M16 March 2023
Current rentAED 100K /yr15 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, Murjan 1

What is 1502 worth today?

Last sold for AED 2,100,000 in 2023

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16 Mar 2023SoldReady
AED 2,100,000AED 1,092 per sqft
15 Sep 2020RentedNew contract
AED 100,000/yr12 months · AED 52 per sqft
1 Apr 2020RentedRenewal
AED 125,000/yr12 months · AED 65 per sqft
1 Apr 2019RentedNew contract
AED 125,000/yr12 months · AED 65 per sqft
5 Nov 2014SoldReady
AED 3,000,000AED 1,561 per sqft
12 Mar 2008SoldReady
AED 2,040,000AED 1,061 per sqft
5 Dec 2007Sold by developerReady
AED 1,580,000AED 822 per sqft

Source: Dubai Land Department. Updated 16 March 2023.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
15th of 47
Parking
B08-B09
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 2.1M · March 2023
Building
Murjan 1

About 1502, Murjan 1

1502 is a three-bedroom apartment of 1,922 sqft on the 15th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 16 March 2023 for AED 2,100,000, or AED 1,092 per sqft, in line with the AED 1,112 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 September 2020, is AED 100,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical three-bed in Murjan 1
2M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 699,000; 2010 AED 1,345,000; 2011 AED 1,280,000; 2012 AED 1,525,000; 2013 AED 1,678,000; 2014 AED 1,799,500; 2015 AED 2,575,000; 2016 AED 2,300,000; 2017 AED 1,990,000; 2020 AED 1,270,000; 2021 AED 1,755,556; 2022 AED 2,100,000; 2023 AED 2,360,000; 2024 AED 2,750,000; 2025 AED 2,825,000; 2026 AED 2,605,000Sold by developer, December 2007: AED 1,580,000 (AED 822 per sqft)Sold, March 2008: AED 2,040,000 (AED 1,061 per sqft)Sold, November 2014: AED 3,000,000 (AED 1,561 per sqft)Sold, March 2023: AED 2,100,000 (AED 1,092 per sqft)

1502 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, each contractTypical three-bed in Murjan 1
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 169,544; 2016 AED 165,000; 2017 AED 160,000; 2018 AED 147,839; 2019 AED 130,000; 2020 AED 110,000; 2021 AED 107,500; 2022 AED 129,000; 2023 AED 140,000; 2024 AED 160,000; 2025 AED 171,000; 2026 AED 165,000New contract, April 2019: AED 125,000 a yearRenewal, April 2020: AED 125,000 a yearNew contract, September 2020: AED 100,000 a year

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

3-beds in Murjan 1, and where 1502 sits

All 103 3-beds →

1502 last sold in March 2023 at AED 1,092 per sqft, in line with what three-beds in Murjan 1 were fetching at the time (AED 1,112). Over the last 12 months three-beds sold for AED 900,000 to 3,050,000, around AED 1,328 per sqft, and rent for AED 100,000 to 250,000 a year. 1502's AED 100,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20262,500,000
27 Aug 20262,605,000
29 Jul 20262,675,000
17 Jul 20262,500,000
10 3-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 119K /yr
Typical yield
5.8%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 340 units in Murjan 1
Value
15013-bedAED 1.75M · May 2012
15031-bedAED 3.32M · Dec 2023
15041-bedAED 2M · Dec 2024
15051-bedAED 1.31M · Oct 2012
15061-bedAED 1.55M · Apr 2024
15073-bedAED 699K · Nov 2007
15083-bedAED 2.1M · Apr 2022

1502, Murjan 1 in numbers

  • Sold 4 times: first on 5 December 2007 for AED 1,580,000, last on 16 March 2023 for AED 2,100,000 (AED 1,092 per sqft).
  • Rented since April 2019 on 3 Ejari contracts, from AED 125,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 28,600 a year (AED 14.89 per sqft).
  • Three-beds in Murjan 1 sold for AED 900,000–3,050,000 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 16 March 2023.

Questions about 1502, Murjan 1

What did unit 1502 last sell for?

AED 2,100,000 on 16 March 2023: AED 1,092 per sqft for 1,922 sqft. The unit has 4 registered sales; the first was AED 1,580,000 in December 2007.

What is the rent for unit 1502?

AED 100,000 a year on the contract signed on 15 September 2020. The previous contract, from April 2020, was AED 125,000; the unit has been rented since April 2019.

How big is unit 1502?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 15th floor of a 47-storey tower completed in 2007.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan 1 sold for AED 900,000 to 3,050,000 in the last 12 months, around AED 1,328 per sqft.

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Mortgage on 1502, Murjan 1

Starts from the last sale price (AED 2.1M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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