3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 24th floor · completed 2007

2401, Murjan 1

Sold prices and rental history: sold 5 times, last in March 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2401 · DLD and Ejari recordsUpdated 28 March 2024
Last soldAED 2.75M28 March 2024
Current rentAED 180K /yr12 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2401, Murjan 1

What is 2401 worth today?

Last sold for AED 2,750,000 in 2024

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28 Mar 2024SoldReady
AED 2,750,000AED 1,431 per sqft
12 Dec 2023RentedRenewal
AED 180,000/yr12 months · AED 93 per sqft
12 Dec 2022RentedNew contract
AED 180,000/yr12 months · AED 93 per sqft
21 Aug 2016SoldReady
AED 2,700,000AED 1,405 per sqft
24 Mar 2015SoldReady
AED 3,100,000AED 1,613 per sqft
9 Jul 2013SoldReady
AED 2,475,000AED 1,288 per sqft
12 May 2008Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 28 March 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
24th of 47
Parking
G228-229
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 2.75M · March 2024
Building
Murjan 1

About 2401, Murjan 1

2401 is a three-bedroom apartment of 1,922 sqft on the 24th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 March 2024 for AED 2,750,000, or AED 1,431 per sqft, 15% above the AED 1,248 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 12 December 2023, is AED 180,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 28,600 a year.

Sales and rents for 2401 over time

Sales
Unit 2401, each saleTypical three-bed in Murjan 1
2M20072012201720222027Typical 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, May 2008: AED 699,000 (AED 363 per sqft)Sold, July 2013: AED 2,475,000 (AED 1,288 per sqft)Sold, March 2015: AED 3,100,000 (AED 1,613 per sqft)Sold, August 2016: AED 2,700,000 (AED 1,405 per sqft)Sold, March 2024: AED 2,750,000 (AED 1,431 per sqft)

2401 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2401, 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, December 2022: AED 180,000 a yearRenewal, December 2023: AED 180,000 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 2401 sits

All 103 3-beds →

2401 last sold in March 2024 at AED 1,431 per sqft, 15% above what three-beds in Murjan 1 were fetching at the time (AED 1,248). 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. 2401's AED 180,000 is in the upper 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 24th floor

All 340 units in Murjan 1
Value
24023-bedAED 1.9M · Jun 2009
24031-bedAED 1.38M · Oct 2018
24041-bedAED 1.6M · Aug 2018
24051-bedAED 449K · Feb 2008
24061-bedAED 778K · Apr 2009
24073-bedAED 699K · Dec 2010
24083-bedAED 699K · Jan 2008

2401, Murjan 1 in numbers

  • Sold 5 times: first on 12 May 2008 for AED 699,000, last on 28 March 2024 for AED 2,750,000 (AED 1,431 per sqft).
  • Rented since December 2022 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2024 price is 6.6%, 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 28 March 2024.

Questions about 2401, Murjan 1

What did unit 2401 last sell for?

AED 2,750,000 on 28 March 2024: AED 1,431 per sqft for 1,922 sqft. The unit has 5 registered sales; the first was AED 699,000 in May 2008.

What is the rent for unit 2401?

AED 180,000 a year on the contract renewed on 12 December 2023. The previous contract, from December 2022, was AED 180,000.

How big is unit 2401?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 24th floor of a 47-storey tower completed in 2007.

What is unit 2401 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 2401, Murjan 1

Starts from the last sale price (AED 2.75M, 28 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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