3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 17th floor · completed 2007

1701, Murjan 1

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 16 December 2024
Last soldAED 699K8 October 2017
Current rentAED 150K /yr16 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Murjan 1

What is 1701 worth today?

Last sold for AED 699,000 in 2017

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16 Dec 2024RentedNew contract
AED 150,000/yr24 months · AED 78 per sqft
20 Feb 2024RentedRenewal
AED 135,000/yr12 months · AED 70 per sqft
20 Feb 2023RentedRenewal
AED 90,000/yr12 months · AED 47 per sqft
20 Feb 2022RentedRenewal
AED 90,000/yr12 months · AED 47 per sqft
20 Feb 2021RentedNew contract
AED 90,000/yr12 months · AED 47 per sqft
15 Jan 2020RentedRenewal
AED 125,000/yr12 months · AED 65 per sqft
15 Jan 2019RentedRenewal
AED 150,000/yr12 months · AED 78 per sqft
15 Jan 2018RentedNew contract
AED 150,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 16 December 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
17th of 47
Parking
G238-239
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 699K · October 2017
Building
Murjan 1

About 1701, Murjan 1

1701 is a three-bedroom apartment of 1,922 sqft on the 17th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 8 October 2017 for AED 699,000, or AED 363 per sqft, 65% below the AED 1,025 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 16 December 2024, is AED 150,000 a year: a gross yield of 21.5% on the 2017 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical three-bed in Murjan 1
1M2M3M20072012201720222027Typical 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, October 2017: AED 699,000 (AED 363 per sqft)

1701 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1701, 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, January 2014: AED 132,000 a yearNew contract, January 2015: AED 151,800 a yearNew contract, January 2018: AED 150,000 a yearRenewal, January 2019: AED 150,000 a yearRenewal, January 2020: AED 125,000 a yearNew contract, February 2021: AED 90,000 a yearRenewal, February 2022: AED 90,000 a yearRenewal, February 2023: AED 90,000 a yearRenewal, February 2024: AED 135,000 a yearNew contract, December 2024: AED 150,000 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 1701 sits

All 103 3-beds →

1701 last sold in October 2017 at AED 363 per sqft, 65% below what three-beds in Murjan 1 were fetching at the time (AED 1,025). 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. 1701's AED 150,000 is in the lower half 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 118K /yr
Typical yield
5.8%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 17th floor

All 340 units in Murjan 1
Value
17023-bedAED 1.49M · Oct 2011
17031-bedAED 1.62M · Oct 2022
17041-bedAED 1.5M · Feb 2016
17051-bedAED 1.02M · Dec 2011
17061-bedAED 1.68M · Jun 2024
17073-bedAED 988K · Mar 2010
17083-bedAED 2.5M · Jul 2026

1701, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 8 October 2017 for AED 699,000, or AED 363 per sqft.
  • Rented since January 2014 on 10 Ejari contracts. The rent fell from AED 132,000 to AED 90,000 in 2023 and recovered to AED 150,000 by December 2024.
  • At AED 150,000 a year the gross yield on the 2017 price is 21.5%, 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 December 2024.

Questions about 1701, Murjan 1

What did unit 1701 last sell for?

AED 699,000 on 8 October 2017, 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 1701?

AED 150,000 a year on the contract signed on 16 December 2024. The previous contract, from February 2024, was AED 135,000; the unit has been rented since January 2014.

How big is unit 1701?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 17th floor of a 47-storey tower completed in 2007.

What is unit 1701 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 1701, Murjan 1

Starts from the last sale price (AED 699K, 8 October 2017). 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 →