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3-bed · 2,017 sqftMurjan 1, Jumeirah Beach Residence · completed 2007

UP05, Murjan 1

Sold prices and rental history: sold once, by the developer in December 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP05 · DLD and Ejari recordsUpdated 25 January 2017
Last soldAED 1.71M1 December 2008
Current rentAED 142K /yr25 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP05, Murjan 1

What is UP05 worth today?

Last sold for AED 1,710,500 in 2008

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25 Jan 2017RentedRenewal
AED 142,485/yr12 months · AED 71 per sqft
25 Jan 2016RentedRenewal
AED 142,485/yr12 months · AED 71 per sqft
25 Jan 2015RentedNew contract
AED 135,700/yr12 months · AED 67 per sqft
25 Jan 2014RentedRenewal
AED 118,000/yr12 months · AED 59 per sqft
25 Jan 2013RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
1 Dec 2008Sold by developerReady
AED 1,710,500AED 848 per sqft

Source: Dubai Land Department. Updated 25 January 2017.

Key facts

Type
3-bed apartment
Size
2,017 sqft
Parking
M093-094
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,000 /yr
Last sold
AED 1.71M · December 2008
Building
Murjan 1

About UP05, Murjan 1

UP05 is a three-bedroom apartment of 2,017 sqft of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 1 December 2008 for AED 1,710,500, or AED 848 per sqft, 134% above the AED 363 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 25 January 2017, is AED 142,485 a year: a gross yield of 8.3% on the 2008 price, before the service charge of about AED 30,000 a year.

Sales and rents for UP05 over time

Sales
Unit UP05, 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, December 2008: AED 1,710,500 (AED 848 per sqft)

UP05 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP05, 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, January 2013: AED 110,000 a yearRenewal, January 2014: AED 118,000 a yearNew contract, January 2015: AED 135,700 a yearRenewal, January 2016: AED 142,485 a yearRenewal, January 2017: AED 142,485 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 UP05 sits

All 103 3-beds →

UP05 last sold in December 2008 at AED 848 per sqft, 134% 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. UP05's AED 142,485 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 →

UP05, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 1 December 2008 for AED 1,710,500, or AED 848 per sqft.
  • Rented since January 2013 on 5 Ejari contracts, from AED 110,000 to AED 142,485 a year.
  • At AED 142,485 a year the gross yield on the 2008 price is 8.3%, before a service charge of about AED 30,000 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 25 January 2017.

Questions about UP05, Murjan 1

What did unit UP05 last sell for?

AED 1,710,500 on 1 December 2008, sold by the developer: AED 848 per sqft for 2,017 sqft. It is the only registered sale of the unit.

What is the rent for unit UP05?

AED 142,485 a year on the contract renewed on 25 January 2017. The previous contract, from January 2016, was AED 142,485; the unit has been rented since January 2013.

How big is unit UP05?

2,017 sqft (187.4 sqm): a three-bedroom apartment of a 47-storey tower completed in 2007.

What is unit UP05 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 UP05, Murjan 1

Starts from the last sale price (AED 1.71M, 1 December 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,710,500
Deposit, UAE resident (20%)
AED 342,100
Deposit, non-resident (40%)
AED 684,200
Monthly over 25 years at 3.7%
AED 6,998

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