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1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Murjan 1

Sold prices and rental history: sold 3 times, last in April 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 26 August 2022
Last soldAED 1.65M12 April 2017
Current rentAED 79K /yr26 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2303, Murjan 1

What is 2303 worth today?

Last sold for AED 1,650,000 in 2017

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26 Aug 2022RentedRenewal
AED 78,750/yr12 months · AED 71 per sqft
26 Aug 2021RentedNew contract
AED 75,000/yr12 months · AED 68 per sqft
15 Jun 2020RentedNew contract
AED 65,000/yr12 months · AED 59 per sqft
1 Mar 2019RentedNew contract
AED 78,000/yr12 months · AED 70 per sqft
28 Aug 2017RentedNew contract
AED 109,705/yr12 months · AED 99 per sqft
12 Apr 2017SoldReady
AED 1,650,000AED 1,492 per sqft
17 Nov 2015SoldReady
AED 1,700,000AED 1,537 per sqft
15 May 2008Sold by developerReady
AED 224,500AED 203 per sqft

Source: Dubai Land Department. Updated 26 August 2022.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
23rd of 47
Parking
B099
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 1.65M · April 2017
Building
Murjan 1

About 2303, Murjan 1

2303 is a one-bedroom apartment of 1,106 sqft on the 23rd floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 April 2017 for AED 1,650,000, or AED 1,492 per sqft, 14% above the AED 1,311 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 26 August 2022, is AED 78,750 a year: a gross yield of 4.8% on the 2017 price, before the service charge of about AED 16,500 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, each saleTypical one-bed in Murjan 1
01M2M20072012201720222027Typical 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, May 2008: AED 224,500 (AED 203 per sqft)Sold, November 2015: AED 1,700,000 (AED 1,537 per sqft)Sold, April 2017: AED 1,650,000 (AED 1,492 per sqft)

2303 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2303, 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, August 2017: AED 109,705 a yearNew contract, March 2019: AED 78,000 a yearNew contract, June 2020: AED 65,000 a yearNew contract, August 2021: AED 75,000 a yearRenewal, August 2022: AED 78,750 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 2303 sits

All 104 1-beds →

2303 last sold in April 2017 at AED 1,492 per sqft, 14% above what one-beds in Murjan 1 were fetching at the time (AED 1,311). 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. 2303's AED 78,750 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 23rd floor

All 340 units in Murjan 1
Value
23013-bedAED 699K · Sep 2012
23023-bedAED 2.7M · Jan 2025
23041-bedAED 1.45M · Dec 2015
23051-bedAED 1.4M · Jan 2013
23061-bedAED 1.55M · Mar 2014
23073-bedAED 699K · Oct 2015
23083-bedAED 2.9M · Jun 2014

2303, Murjan 1 in numbers

  • Sold 3 times: first on 15 May 2008 for AED 224,500, last on 12 April 2017 for AED 1,650,000 (AED 1,492 per sqft).
  • Rented since August 2017 on 5 Ejari contracts. The rent fell from AED 109,705 to AED 65,000 in 2020 and recovered to AED 78,750 by August 2022.
  • At AED 78,750 a year the gross yield on the 2017 price is 4.8%, 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 26 August 2022.

Questions about 2303, Murjan 1

What did unit 2303 last sell for?

AED 1,650,000 on 12 April 2017: AED 1,492 per sqft for 1,106 sqft. The unit has 3 registered sales; the first was AED 224,500 in May 2008.

What is the rent for unit 2303?

AED 78,750 a year on the contract renewed on 26 August 2022. The previous contract, from August 2021, was AED 75,000; the unit has been rented since August 2017.

How big is unit 2303?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 23rd floor of a 47-storey tower completed in 2007.

What is unit 2303 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 2303, Murjan 1

Starts from the last sale price (AED 1.65M, 12 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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