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1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 15th floor · completed 2007

1505, Murjan 1

Sold prices and rental history: sold twice, last in October 2012, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 5 July 2022
Last soldAED 1.31M17 October 2012
Current rentAED 60K /yr5 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, Murjan 1

What is 1505 worth today?

Last sold for AED 1,310,000 in 2012

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5 Jul 2022RentedRenewal
AED 60,000/yr12 months · AED 54 per sqft
5 Jul 2021RentedNew contract
AED 60,000/yr12 months · AED 54 per sqft
26 Apr 2021RentedNew contract
AED 100,000/yr12 months · AED 90 per sqft
17 Oct 2012SoldReady
AED 1,310,000AED 1,184 per sqft
30 Sep 2012Sold by developerReady
AED 1,240,000AED 1,121 per sqft

Source: Dubai Land Department. Updated 5 July 2022.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
15th of 47
Parking
M156
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 1.31M · October 2012
Building
Murjan 1

About 1505, Murjan 1

1505 is a one-bedroom apartment of 1,106 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 17 October 2012 for AED 1,310,000, or AED 1,184 per sqft, 26% above the AED 936 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 5 July 2022, is AED 60,000 a year: a gross yield of 4.6% on the 2012 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, 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, September 2012: AED 1,240,000 (AED 1,121 per sqft)Sold, October 2012: AED 1,310,000 (AED 1,184 per sqft)

1505 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, each contractTypical one-bed in Murjan 1
75K100K2012201620202024Typical 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, April 2021: AED 100,000 a yearNew contract, July 2021: AED 60,000 a yearRenewal, July 2022: AED 60,000 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 1, and where 1505 sits

All 104 1-beds →

1505 last sold in October 2012 at AED 1,184 per sqft, 26% above what one-beds in Murjan 1 were fetching at the time (AED 936). 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. 1505's AED 60,000 is in the lower 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 15th floor

All 340 units in Murjan 1
Value
15013-bedAED 1.75M · May 2012
15023-bedAED 2.1M · Mar 2023
15031-bedAED 3.32M · Dec 2023
15041-bedAED 2M · Dec 2024
15061-bedAED 1.55M · Apr 2024
15073-bedAED 699K · Nov 2007
15083-bedAED 2.1M · Apr 2022

1505, Murjan 1 in numbers

  • Sold twice: first on 30 September 2012 for AED 1,240,000, last on 17 October 2012 for AED 1,310,000 (AED 1,184 per sqft).
  • Rented since April 2021 on 3 Ejari contracts, from AED 100,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2012 price is 4.6%, 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 5 July 2022.

Questions about 1505, Murjan 1

What did unit 1505 last sell for?

AED 1,310,000 on 17 October 2012: AED 1,184 per sqft for 1,106 sqft. The unit has 2 registered sales; the first was AED 1,240,000 in September 2012.

What is the rent for unit 1505?

AED 60,000 a year on the contract renewed on 5 July 2022. The previous contract, from July 2021, was AED 60,000; the unit has been rented since April 2021.

How big is unit 1505?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 15th floor of a 47-storey tower completed in 2007.

What is unit 1505 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.

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Mortgage on 1505, Murjan 1

Starts from the last sale price (AED 1.31M, 17 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,310,000
Deposit, UAE resident (20%)
AED 262,000
Deposit, non-resident (40%)
AED 524,000
Monthly over 25 years at 3.7%
AED 5,360

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