2-bed · 1,317 sqftMurjan 1, Jumeirah Beach Residence · 40th floor · completed 2007

4007, Murjan 1

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4007 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 2.45M31 October 2024
Current rentAED 67K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4007, Murjan 1

What is 4007 worth today?

Last sold for AED 2,450,000 in 2024

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31 Oct 2024SoldReady
AED 2,450,000AED 1,860 per sqft
1 Jul 2022RentedRenewal
AED 67,000/yr12 months · AED 51 per sqft
1 Jul 2021RentedNew contract
AED 67,000/yr12 months · AED 51 per sqft
14 Jan 2021SoldReady
AED 1,111,111AED 843 per sqft
23 Jun 2020RentedNew contract
AED 67,000/yr12 months · AED 51 per sqft
16 Jan 2019RentedRenewal
AED 100,000/yr12 months · AED 76 per sqft
16 Oct 2018RentedRenewal
AED 112,000/yr3 months · AED 85 per sqft
16 Oct 2016RentedNew contract
AED 125,000/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 31 October 2024.

Key facts

Type
2-bed apartment
Size
1,317 sqft
Floor
40th of 47
Parking
M170
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,600 /yr
Last sold
AED 2.45M · October 2024
Building
Murjan 1

About 4007, Murjan 1

4007 is a two-bedroom apartment of 1,317 sqft on the 40th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 31 October 2024 for AED 2,450,000, or AED 1,860 per sqft, 10% above the AED 1,696 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 67,000 a year: a gross yield of 2.7% on the 2024 price, before the service charge of about AED 19,600 a year.

Sales and rents for 4007 over time

Sales
Unit 4007, 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, July 2009: AED 599,000 (AED 454 per sqft)Sold, January 2021: AED 1,111,111 (AED 843 per sqft)Sold, October 2024: AED 2,450,000 (AED 1,860 per sqft)

4007 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4007, each contractTypical two-bed in Murjan 1
100K2012201620202024Typical 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, August 2014: AED 135,000 a yearNew contract, October 2016: AED 125,000 a yearRenewal, October 2018: AED 112,000 a yearRenewal, January 2019: AED 100,000 a yearNew contract, June 2020: AED 67,000 a yearNew contract, July 2021: AED 67,000 a yearRenewal, July 2022: AED 67,000 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 4007 sits

All 128 2-beds →

4007 last sold in October 2024 at AED 1,860 per sqft, 10% above what two-beds in Murjan 1 were fetching at the time (AED 1,696). 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. 4007's AED 67,000 is at the bottom 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 118K /yr
Typical yield
5.8%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 40th floor

All 340 units in Murjan 1
Value
40012-bedAED 2.27M · Jan 2014
40022-bedAED 1.53M · Jun 2021
40032-bedAED 599K · May 2009
40042-bedAED 2.55M · Aug 2024
40052-bedAED 2.65M · Nov 2014
40062-bedAED 1.52M · Oct 2023
40082-bedAED 599K · Sep 2014

4007, Murjan 1 in numbers

  • Sold 3 times: first on 6 July 2009 for AED 599,000, last on 31 October 2024 for AED 2,450,000 (AED 1,860 per sqft).
  • Rented since August 2014 on 7 Ejari contracts, from AED 135,000 to AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2024 price is 2.7%, before a service charge of about AED 19,600 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 31 October 2024.

Questions about 4007, Murjan 1

What did unit 4007 last sell for?

AED 2,450,000 on 31 October 2024: AED 1,860 per sqft for 1,317 sqft. The unit has 3 registered sales; the first was AED 599,000 in July 2009.

What is the rent for unit 4007?

AED 67,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 67,000; the unit has been rented since August 2014.

How big is unit 4007?

1,317 sqft (122.4 sqm): a two-bedroom apartment on the 40th floor of a 47-storey tower completed in 2007.

What is unit 4007 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 4007, Murjan 1

Starts from the last sale price (AED 2.45M, 31 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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