1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 17th floor · completed 2007

1706, Murjan 1

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 11 June 2024
Last soldAED 1.68M11 June 2024
Current rentAED 78K /yr3 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Murjan 1

What is 1706 worth today?

Last sold for AED 1,675,000 in 2024

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11 Jun 2024SoldReady
AED 1,675,000AED 1,515 per sqft
24 Oct 2023SoldReady
AED 1,480,000AED 1,338 per sqft
3 Sep 2022RentedNew contract
AED 78,000/yr12 months · AED 70 per sqft
17 Jun 2021RentedNew contract
AED 58,000/yr12 months · AED 52 per sqft
16 Feb 2020RentedRenewal
AED 80,000/yr12 months · AED 72 per sqft
16 Feb 2019RentedRenewal
AED 85,000/yr12 months · AED 77 per sqft
16 Feb 2018RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
27 Nov 2016RentedNew contract
AED 95,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 11 June 2024.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
17th of 47
Parking
M138
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 1.68M · June 2024
Building
Murjan 1

About 1706, Murjan 1

1706 is a one-bedroom apartment of 1,106 sqft on the 17th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 11 June 2024 for AED 1,675,000, or AED 1,515 per sqft, 12% above the AED 1,356 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 3 September 2022, is AED 78,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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, November 2009: AED 879,750 (AED 795 per sqft)Sold, October 2023: AED 1,480,000 (AED 1,338 per sqft)Sold, June 2024: AED 1,675,000 (AED 1,515 per sqft)

1706 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1706, each contractTypical one-bed in Murjan 1
50K75K100K2012201620202024Typical 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, May 2015: AED 110,000 a yearNew contract, November 2016: AED 95,000 a yearNew contract, February 2018: AED 85,000 a yearRenewal, February 2019: AED 85,000 a yearRenewal, February 2020: AED 80,000 a yearNew contract, June 2021: AED 58,000 a yearNew contract, September 2022: AED 78,000 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 1706 sits

All 104 1-beds →

1706 last sold in June 2024 at AED 1,515 per sqft, 12% above what one-beds in Murjan 1 were fetching at the time (AED 1,356). 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. 1706's AED 78,000 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 17th floor

All 340 units in Murjan 1
Value
17013-bedAED 699K · Oct 2017
17023-bedAED 1.49M · Oct 2011
17031-bedAED 1.62M · Oct 2022
17041-bedAED 1.5M · Feb 2016
17051-bedAED 1.02M · Dec 2011
17073-bedAED 988K · Mar 2010
17083-bedAED 2.5M · Jul 2026

1706, Murjan 1 in numbers

  • Sold 3 times: first on 15 November 2009 for AED 879,750, last on 11 June 2024 for AED 1,675,000 (AED 1,515 per sqft).
  • Rented since May 2015 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 58,000 in 2021 and recovered to AED 78,000 by September 2022.
  • At AED 78,000 a year the gross yield on the 2024 price is 4.7%, 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 11 June 2024.

Questions about 1706, Murjan 1

What did unit 1706 last sell for?

AED 1,675,000 on 11 June 2024: AED 1,515 per sqft for 1,106 sqft. The unit has 3 registered sales; the first was AED 879,750 in November 2009.

What is the rent for unit 1706?

AED 78,000 a year on the contract signed on 3 September 2022. The previous contract, from June 2021, was AED 58,000; the unit has been rented since May 2015.

How big is unit 1706?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 17th floor of a 47-storey tower completed in 2007.

What is unit 1706 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 1706, Murjan 1

Starts from the last sale price (AED 1.68M, 11 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,675,000
Deposit, UAE resident (20%)
AED 335,000
Deposit, non-resident (40%)
AED 670,000
Monthly over 25 years at 3.7%
AED 6,853

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