2-bed · 1,393 sqftMurjan 1, Jumeirah Beach Residence · 35th floor · completed 2007

3504, Murjan 1

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3504 · DLD and Ejari recordsUpdated 16 October 2023
Last soldAED 2.28M16 October 2023
Current rentAED 100K /yr28 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3504, Murjan 1

What is 3504 worth today?

Last sold for AED 2,280,000 in 2023

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16 Oct 2023SoldReady
AED 2,280,000AED 1,636 per sqft
28 Feb 2022RentedRenewal
AED 100,000/yr12 months · AED 72 per sqft
28 Dec 2021RentedRenewal
AED 96,000/yr2 months · AED 69 per sqft
28 Dec 2020RentedNew contract
AED 82,000/yr12 months · AED 59 per sqft
15 Jan 2018RentedRenewal
AED 130,000/yr12 months · AED 94 per sqft
15 Jan 2017RentedNew contract
AED 130,000/yr12 months · AED 94 per sqft
15 Oct 2014RentedNew contract
AED 131,250/yr12 months · AED 95 per sqft
15 Oct 2013RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 16 October 2023.

Key facts

Type
2-bed apartment
Size
1,393 sqft
Floor
35th of 47
Parking
B042
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,700 /yr
Last sold
AED 2.28M · October 2023
Building
Murjan 1

About 3504, Murjan 1

3504 is a two-bedroom apartment of 1,393 sqft on the 35th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 16 October 2023 for AED 2,280,000, or AED 1,636 per sqft, in line with the AED 1,594 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 28 February 2022, is AED 100,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 20,700 a year.

Sales and rents for 3504 over time

Sales
Unit 3504, each saleTypical two-bed in Murjan 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 599,000; 2008 AED 599,000; 2009 AED 1,068,450; 2010 AED 1,300,000; 2011 AED 1,350,000; 2012 AED 1,535,000; 2013 AED 1,700,000; 2014 AED 2,342,500; 2015 AED 1,200,000; 2016 AED 1,900,000; 2017 AED 1,947,500; 2018 AED 1,700,000; 2019 AED 1,500,000; 2020 AED 1,250,000; 2021 AED 1,411,111; 2022 AED 1,690,000; 2023 AED 2,150,000; 2024 AED 2,275,000; 2025 AED 2,100,000; 2026 AED 2,173,098Sold by developer, March 2008: AED 599,000 (AED 429 per sqft)Sold, October 2023: AED 2,280,000 (AED 1,636 per sqft)

3504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3504, each contractTypical two-bed in Murjan 1
75K100K125K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 113,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 129,807; 2017 AED 126,000; 2018 AED 115,501; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 83,000; 2022 AED 95,000; 2023 AED 113,000; 2024 AED 124,450; 2025 AED 130,000; 2026 AED 115,883New contract, October 2013: AED 125,000 a yearNew contract, October 2014: AED 131,250 a yearNew contract, January 2017: AED 130,000 a yearRenewal, January 2018: AED 130,000 a yearNew contract, December 2020: AED 82,000 a yearRenewal, December 2021: AED 96,000 a yearRenewal, February 2022: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murjan 1, and where 3504 sits

All 128 2-beds →

3504 last sold in October 2023 at AED 1,636 per sqft, in line with what two-beds in Murjan 1 were fetching at the time (AED 1,594). Over the last 12 months two-beds sold for AED 1,850,000 to 2,700,000, around AED 1,553 per sqft, and rent for AED 74,799 to 200,000 a year. 3504's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20261,923,143
14 Oct 20261,925,000
27 Aug 20262,700,000
21 Aug 20262,660,000
13 2-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 119K /yr
Typical yield
5.8%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 35th floor

All 340 units in Murjan 1
Value
35012-bedAED 1.85M · Oct 2022
35022-bedAED 2.05M · Jul 2026
35032-bedAED 2.45M · Jun 2016
35052-bedAED 1.65M · Jan 2013
35062-bedAED 1.11M · Dec 2009
35072-bedAED 1.85M · Jun 2026
35082-bedAED 2.42M · Aug 2014

3504, Murjan 1 in numbers

  • Sold twice: first on 17 March 2008 for AED 599,000, last on 16 October 2023 for AED 2,280,000 (AED 1,636 per sqft).
  • Rented since October 2013 on 7 Ejari contracts. The rent fell from AED 125,000 to AED 82,000 in 2020 and recovered to AED 100,000 by February 2022.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 20,700 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 1 sold for AED 1,850,000–2,700,000 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 October 2023.

Questions about 3504, Murjan 1

What did unit 3504 last sell for?

AED 2,280,000 on 16 October 2023: AED 1,636 per sqft for 1,393 sqft. The unit has 2 registered sales; the first was AED 599,000 in March 2008.

What is the rent for unit 3504?

AED 100,000 a year on the contract renewed on 28 February 2022. The previous contract, from December 2021, was AED 96,000; the unit has been rented since October 2013.

How big is unit 3504?

1,393 sqft (129.4 sqm): a two-bedroom apartment on the 35th floor of a 47-storey tower completed in 2007.

What is unit 3504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 1 sold for AED 1,850,000 to 2,700,000 in the last 12 months, around AED 1,553 per sqft.

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Mortgage on 3504, Murjan 1

Starts from the last sale price (AED 2.28M, 16 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,280,000
Deposit, UAE resident (20%)
AED 456,000
Deposit, non-resident (40%)
AED 912,000
Monthly over 25 years at 3.7%
AED 9,328

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