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1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 7th floor · completed 2007

704, Murjan 1

Sold prices and rental history: sold once, by the developer in November 2007, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 1 September 2019
Last soldAED 415K6 November 2007
Current rentAED 80K /yr1 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Murjan 1

What is 704 worth today?

Last sold for AED 415,000 in 2007

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1 Sep 2019RentedRenewal
AED 80,000/yr36 months · AED 72 per sqft
1 Sep 2018RentedNew contract
AED 70,000/yr12 months · AED 63 per sqft
6 Nov 2007Sold by developerReady
AED 415,000AED 375 per sqft

Source: Dubai Land Department. Updated 1 September 2019.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
7th of 47
Parking
B095
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 415K · November 2007
Building
Murjan 1

About 704, Murjan 1

704 is a one-bedroom apartment of 1,106 sqft on the 7th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 6 November 2007 for AED 415,000, or AED 375 per sqft, 4% below the AED 391 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 1 September 2019, is AED 80,000 a year: a gross yield of 19.3% on the 2007 price, before the service charge of about AED 16,500 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Murjan 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 560,000; 2008 AED 680,000; 2009 AED 900,000; 2010 AED 800,000; 2011 AED 1,075,000; 2012 AED 1,064,000; 2013 AED 1,400,000; 2014 AED 1,550,000; 2015 AED 1,675,000; 2016 AED 1,475,000; 2017 AED 1,422,500; 2018 AED 1,390,000; 2020 AED 1,000,000; 2021 AED 1,145,000; 2022 AED 1,390,000; 2023 AED 1,480,000; 2024 AED 1,530,000; 2025 AED 1,675,000; 2026 AED 1,924,887Sold by developer, November 2007: AED 415,000 (AED 375 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in Murjan 1
60K80K100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 85,000; 2014 AED 95,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 65,000; 2021 AED 68,000; 2022 AED 77,000; 2023 AED 85,000; 2024 AED 96,000; 2025 AED 100,000; 2026 AED 100,000New contract, September 2018: AED 70,000 a yearRenewal, September 2019: AED 80,000 a year

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

1-beds in Murjan 1, and where 704 sits

All 104 1-beds →

704 last sold in November 2007 at AED 375 per sqft, 4% below what one-beds in Murjan 1 were fetching at the time (AED 391). Over the last 12 months one-beds sold for AED 1,513,517 to 2,000,000, around AED 1,662 per sqft, and rent for AED 40,000 to 130,000 a year. 704's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20261,513,517
20 Feb 20261,924,887
28 Jan 20262,000,000
27 Nov 20251,750,000
4 1-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 7th floor

All 340 units in Murjan 1
Value
7013-bedAED 2.38M · Dec 2016
7023-bedAED 1.9M · Feb 2022
7031-bedAED 1.45M · Oct 2021
7051-bedAED 1.8M · Mar 2008
7061-bedAED 1.45M · Dec 2016
7073-bedAED 699K · Oct 2012
7083-bedAED 2.83M · Aug 2025

704, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 6 November 2007 for AED 415,000, or AED 375 per sqft.
  • Rented since September 2018 on 2 Ejari contracts, from AED 70,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2007 price is 19.3%, before a service charge of about AED 16,500 a year (AED 14.89 per sqft).
  • One-beds in Murjan 1 sold for AED 1,513,517–2,000,000 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 September 2019.

Questions about 704, Murjan 1

What did unit 704 last sell for?

AED 415,000 on 6 November 2007, sold by the developer: AED 375 per sqft for 1,106 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 80,000 a year on the contract renewed on 1 September 2019. The previous contract, from September 2018, was AED 70,000.

How big is unit 704?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 7th floor of a 47-storey tower completed in 2007.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murjan 1 sold for AED 1,513,517 to 2,000,000 in the last 12 months, around AED 1,662 per sqft.

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Mortgage on 704, Murjan 1

Starts from the last sale price (AED 415K, 6 November 2007). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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