3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 6th floor · completed 2007

601, Murjan 1

Sold prices and rental history: sold once, by the developer in November 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 699K29 November 2011
Current rentAED 133K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Murjan 1

What is 601 worth today?

Last sold for AED 699,000 in 2011

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15 Feb 2024RentedNew contract
AED 132,760/yr12 months · AED 69 per sqft
15 Feb 2023RentedNew contract
AED 116,380/yr12 months · AED 61 per sqft
15 Feb 2022RentedNew contract
AED 105,800/yr12 months · AED 55 per sqft
15 Feb 2021RentedRenewal
AED 92,000/yr12 months · AED 48 per sqft
15 Feb 2020RentedRenewal
AED 113,000/yr12 months · AED 59 per sqft
15 Feb 2019RentedRenewal
AED 130,000/yr12 months · AED 67 per sqft
15 Feb 2018RentedNew contract
AED 155,000/yr12 months · AED 80 per sqft
15 Feb 2017RentedNew contract
AED 165,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
6th of 47
Parking
G277/280
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 699K · November 2011
Building
Murjan 1

About 601, Murjan 1

601 is a three-bedroom apartment of 1,922 sqft on the 6th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 29 November 2011 for AED 699,000, or AED 363 per sqft, 47% below the AED 688 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 15 February 2024, is AED 132,760 a year: a gross yield of 19.0% on the 2011 price, before the service charge of about AED 28,600 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical three-bed in Murjan 1
1M2M3M20072012201720222027Typical 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, November 2011: AED 699,000 (AED 363 per sqft)

601 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 601, 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, August 2012: AED 115,000 a yearNew contract, September 2013: AED 142,000 a yearNew contract, September 2014: AED 142,000 a yearNew contract, February 2017: AED 165,000 a yearNew contract, February 2018: AED 155,000 a yearRenewal, February 2019: AED 130,000 a yearRenewal, February 2020: AED 113,000 a yearRenewal, February 2021: AED 92,000 a yearNew contract, February 2022: AED 105,800 a yearNew contract, February 2023: AED 116,380 a yearNew contract, February 2024: AED 132,760 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 601 sits

All 103 3-beds →

601 last sold in November 2011 at AED 363 per sqft, 47% below what three-beds in Murjan 1 were fetching at the time (AED 688). 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. 601's AED 132,760 is in the lower 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 6th floor

All 340 units in Murjan 1
Value
6023-bedAED 1.2M · Aug 2008
6031-bedAED 960K · Dec 2011
6041-bedAED 1.45M · Nov 2021
6051-bedAED 645K · Feb 2009
6061-bedAED 2.25M · May 2025
6073-bedAED 2.5M · Apr 2013
6083-bedAED 699K · Feb 2010

601, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 29 November 2011 for AED 699,000, or AED 363 per sqft.
  • Rented since August 2012 on 11 Ejari contracts. The rent fell from AED 115,000 to AED 92,000 in 2021 and recovered to AED 132,760 by February 2024.
  • At AED 132,760 a year the gross yield on the 2011 price is 19.0%, 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 15 February 2024.

Questions about 601, Murjan 1

What did unit 601 last sell for?

AED 699,000 on 29 November 2011, sold by the developer: AED 363 per sqft for 1,922 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 132,760 a year on the contract signed on 15 February 2024. The previous contract, from February 2023, was AED 116,380; the unit has been rented since August 2012.

How big is unit 601?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 6th floor of a 47-storey tower completed in 2007.

What is unit 601 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 601, Murjan 1

Starts from the last sale price (AED 699K, 29 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 699,000
Deposit, UAE resident (20%)
AED 139,800
Deposit, non-resident (40%)
AED 279,600
Monthly over 25 years at 3.7%
AED 2,860

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