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

602, Murjan 1

Sold prices and rental history: sold once, by the developer in August 2008, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 1 July 2019
Last soldAED 1.2M27 August 2008
Current rentAED 135K /yr1 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Murjan 1

What is 602 worth today?

Last sold for AED 1,200,000 in 2008

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1 Jul 2019RentedRenewal
AED 135,000/yr12 months · AED 70 per sqft
1 Jul 2018RentedRenewal
AED 153,000/yr12 months · AED 80 per sqft
1 Jul 2017RentedNew contract
AED 170,000/yr12 months · AED 88 per sqft
27 Aug 2008Sold by developerReady
AED 1,200,000AED 624 per sqft

Source: Dubai Land Department. Updated 1 July 2019.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
6th of 47
Parking
B026-B027
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 1.2M · August 2008
Building
Murjan 1

About 602, Murjan 1

602 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 27 August 2008 for AED 1,200,000, or AED 624 per sqft, 72% above the AED 363 three-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 July 2019, is AED 135,000 a year: a gross yield of 11.3% on the 2008 price, before the service charge of about AED 28,600 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, August 2008: AED 1,200,000 (AED 624 per sqft)

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

Rents
Unit 602, 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, July 2017: AED 170,000 a yearRenewal, July 2018: AED 153,000 a yearRenewal, July 2019: AED 135,000 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 602 sits

All 103 3-beds →

602 last sold in August 2008 at AED 624 per sqft, 72% above what three-beds in Murjan 1 were fetching at the time (AED 363). 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. 602's AED 135,000 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
6013-bedAED 699K · Nov 2011
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

602, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 27 August 2008 for AED 1,200,000, or AED 624 per sqft.
  • Rented since July 2017 on 3 Ejari contracts, from AED 170,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2008 price is 11.3%, 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 1 July 2019.

Questions about 602, Murjan 1

What did unit 602 last sell for?

AED 1,200,000 on 27 August 2008, sold by the developer: AED 624 per sqft for 1,922 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 135,000 a year on the contract renewed on 1 July 2019. The previous contract, from July 2018, was AED 153,000; the unit has been rented since July 2017.

How big is unit 602?

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 602 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 602, Murjan 1

Starts from the last sale price (AED 1.2M, 27 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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