Studio · 713 sqftMurjan 2, Jumeirah Beach Residence · 10th floor · completed 2007

1003, Murjan 2

Sold prices and rental history: sold 3 times, last in January 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 15 March 2019
Last soldAED 1.2M15 January 2017
Current rentAED 65K /yr15 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Murjan 2

What is 1003 worth today?

Last sold for AED 1,200,000 in 2017

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15 Mar 2019RentedNew contract
AED 65,000/yr12 months · AED 91 per sqft
1 Dec 2018RentedRenewal
AED 90,000/yr3 months · AED 127 per sqft
1 Dec 2017RentedRenewal
AED 90,000/yr12 months · AED 127 per sqft
15 Jan 2017SoldReady
AED 1,200,000AED 1,683 per sqft
1 Dec 2016RentedNew contract
AED 90,000/yr12 months · AED 127 per sqft
18 May 2016RentedNew contract
AED 90,000/yr12 months · AED 127 per sqft
8 Apr 2015RentedRenewal
AED 105,000/yr12 months · AED 148 per sqft
7 Apr 2014RentedNew contract
AED 104,709/yr12 months · AED 147 per sqft

Source: Dubai Land Department. Updated 15 March 2019.

Key facts

Type
Studio apartment
Size
713 sqft
Floor
10th of 28
Parking
B553
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,900 /yr
Last sold
AED 1.2M · January 2017
Building
Murjan 2

About 1003, Murjan 2

1003 is a studio of 713 sqft on the 10th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 January 2017 for AED 1,200,000, or AED 1,683 per sqft, 10% above the AED 1,533 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 March 2019, is AED 65,000 a year: a gross yield of 5.4% on the 2017 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical studio in Murjan 2
500K1M20072012201720222027Typical sale price by year: 2007 AED 299,000; 2008 AED 610,000; 2009 AED 299,000; 2010 AED 299,000; 2011 AED 575,000; 2012 AED 725,000; 2013 AED 872,500; 2014 AED 1,225,000; 2015 AED 1,080,000; 2016 AED 1,090,000; 2017 AED 1,112,500; 2018 AED 1,000,000; 2019 AED 890,000; 2020 AED 600,000; 2021 AED 920,000; 2022 AED 1,100,000; 2023 AED 1,125,000; 2024 AED 1,130,000; 2025 AED 1,203,829; 2026 AED 1,212,500Sold by developer, October 2008: AED 299,000 (AED 419 per sqft)Sold, May 2013: AED 1,050,000 (AED 1,473 per sqft)Sold, January 2017: AED 1,200,000 (AED 1,683 per sqft)

1003 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1003, each contractTypical studio in Murjan 2
50K100K2012201620202024Typical rent by year: 2012 AED 50,875; 2013 AED 66,000; 2014 AED 76,384; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 69,806; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 48,000; 2022 AED 55,000; 2023 AED 67,750; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 72,930New contract, March 2013: AED 72,000 a yearNew contract, April 2014: AED 104,709 a yearRenewal, April 2015: AED 105,000 a yearNew contract, May 2016: AED 90,000 a yearNew contract, December 2016: AED 90,000 a yearRenewal, December 2017: AED 90,000 a yearRenewal, December 2018: AED 90,000 a yearNew contract, March 2019: AED 65,000 a year

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

Studios in Murjan 2, and where 1003 sits

All 158 studios →

1003 last sold in January 2017 at AED 1,683 per sqft, 10% above what studios in Murjan 2 were fetching at the time (AED 1,533). Over the last 12 months studios sold for AED 1,100,000 to 1,550,000, around AED 1,698 per sqft, and rent for AED 50,000 to 150,000 a year. 1003's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 20261,100,000
8 Oct 20261,225,000
7 Sep 20261,100,000
22 Jul 20261,150,000
8 studio sales in the last 12 months

Murjan 2

Building

278 apartments, studios to 4-bed over 28 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 15 sold in the last 12 months.

Typical price per sqft
AED 1,680 Up 0.8%
Typical sale
AED 1.55M
Typical rent
AED 85K /yr
Typical yield
5.7%
Murjan 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 278 units in Murjan 2
Value
10011-bedAED 449K · Sep 2013
10021-bedAED 1.9M · Apr 2014
1004StudioAED 1.21M · Jul 2017
1005StudioAED 800K · May 2021
1006StudioAED 1M · Jan 2008
1007StudioAED 1.04M · Apr 2024
1008StudioAED 1.15M · Jan 2025
1–7 of 11

1003, Murjan 2 in numbers

  • Sold 3 times: first on 16 October 2008 for AED 299,000, last on 15 January 2017 for AED 1,200,000 (AED 1,683 per sqft).
  • Rented since March 2013 on 8 Ejari contracts, from AED 72,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2017 price is 5.4%, before a service charge of about AED 13,900 a year (AED 19.53 per sqft).
  • Studios in Murjan 2 sold for AED 1,100,000–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,680 per sqft.

Source: Dubai Land Department. Updated 15 March 2019.

Questions about 1003, Murjan 2

What did unit 1003 last sell for?

AED 1,200,000 on 15 January 2017: AED 1,683 per sqft for 713 sqft. The unit has 3 registered sales; the first was AED 299,000 in October 2008.

What is the rent for unit 1003?

AED 65,000 a year on the contract signed on 15 March 2019. The previous contract, from December 2018, was AED 90,000; the unit has been rented since March 2013.

How big is unit 1003?

713 sqft (66.2 sqm): a studio on the 10th floor of a 28-storey tower completed in 2007.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Murjan 2 sold for AED 1,100,000 to 1,550,000 in the last 12 months, around AED 1,698 per sqft.

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Mortgage on 1003, Murjan 2

Starts from the last sale price (AED 1.2M, 15 January 2017). 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 →