1602, Murjan 1
Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Murjan 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 7 October 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,922 sqft
- Floor
- 16th of 47
- Parking
- B10-B11
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,600 /yr
- Last sold
- AED 699K · April 2008
- Building
- Murjan 1
About 1602, Murjan 1
1602 is a three-bedroom apartment of 1,922 sqft on the 16th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 13 April 2008 for AED 699,000, or AED 363 per sqft, in line with the AED 363 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 7 October 2025, is AED 176,000 a year: a gross yield of 25.2% on the 2008 price, before the service charge of about AED 28,600 a year.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the three-bed median of each year in the building.
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 1602 sits
All 103 3-beds →1602 last sold in April 2008 at AED 363 per sqft, in line with what three-beds in Murjan 1 were fetching at the time (AED 363). 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. 1602's AED 176,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 1,922 sqft | 2,500,000 | 1,301 | ||
| 27 Aug 202627 August 2026 | 1,922 sqft | 2,605,000 | 1,355 | ||
| 29 Jul 202629 July 2026 | 1,922 sqft | 2,675,000 | 1,392 | ||
| 17 Jul 202617 July 2026 | 1,922 sqft | 2,500,000 | 1,301 |
Murjan 1
Building340 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%
Other units on the 16th floor
All 340 units in Murjan 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 1,922 sqft | AED 1.8MAED 1,800,000 · Jul 2021July 2021 | 99,999 /yr | |
| 1603 | 1-bed | 1,106 sqft | AED 1.45MAED 1,445,000 · Sep 2017September 2017 | 87,000 /yr | |
| 1604 | 1-bed | 1,106 sqft | AED 1.8MAED 1,800,000 · Aug 2024August 2024 | 78,829 /yr | |
| 1605 | 1-bed | 1,106 sqft | AED 1.34MAED 1,335,000 · Oct 2017October 2017 | 100,000 /yr | |
| 1606 | 1-bed | 1,106 sqft | AED 1.33MAED 1,330,000 · Oct 2017October 2017 | 100,000 /yr | |
| 1607 | 3-bed | 1,922 sqft | AED 699KAED 699,000 · Apr 2014April 2014 | 143,000 /yr | |
| 1608 | 3-bed | 1,922 sqft | AED 758KAED 757,500 · Apr 2011April 2011 | 185,000 /yr |
1602, Murjan 1 in numbers
- Sold once: by Dubai Properties on 13 April 2008 for AED 699,000, or AED 363 per sqft.
- Rented since September 2013 on 13 Ejari contracts. The rent fell from AED 140,000 to AED 80,000 in 2021 and recovered to AED 176,000 by October 2025.
- At AED 176,000 a year the gross yield on the 2008 price is 25.2%, 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 7 October 2025.
Questions about 1602, Murjan 1
What did unit 1602 last sell for?
AED 699,000 on 13 April 2008, sold by the developer: AED 363 per sqft for 1,922 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 176,000 a year on the contract signed on 7 October 2025. The previous contract, from October 2024, was AED 160,000; the unit has been rented since September 2013.
How big is unit 1602?
1,922 sqft (178.6 sqm): a three-bedroom apartment on the 16th floor of a 47-storey tower completed in 2007.
What is unit 1602 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 1602, Murjan 1
Starts from the last sale price (AED 699K, 13 April 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 699,000
- Deposit, UAE resident (20%)
- AED 139,800
- Deposit, non-resident (40%)
- AED 279,600
- Monthly over 25 years at 3.7%
- AED 2,860
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →