Studio · 714 sqftMurjan 2, Jumeirah Beach Residence · 10th floor · completed 2007

1007, Murjan 2

Sold prices and rental history: sold 5 times, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 29 April 2024
Last soldAED 1.04M29 April 2024
Current rentAED 50K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1007, Murjan 2

What is 1007 worth today?

Last sold for AED 1,035,000 in 2024

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29 Apr 2024SoldReady
AED 1,035,000AED 1,449 per sqft
1 Sep 2020RentedRenewal
AED 50,000/yr12 months · AED 70 per sqft
1 Sep 2019RentedNew contract
AED 60,000/yr12 months · AED 84 per sqft
10 May 2018RentedNew contract
AED 77,000/yr12 months · AED 108 per sqft
3 Jan 2018SoldReady
AED 935,000AED 1,309 per sqft
10 May 2017RentedRenewal
AED 80,000/yr12 months · AED 113 per sqft
27 Dec 2016SoldReady
AED 1,095,000AED 1,533 per sqft
10 May 2016RentedNew contract
AED 80,000/yr12 months · AED 113 per sqft

Source: Dubai Land Department. Updated 29 April 2024.

Key facts

Type
Studio apartment
Size
714 sqft
Floor
10th of 28
Parking
B555
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,900 /yr
Last sold
AED 1.04M · April 2024
Building
Murjan 2

About 1007, Murjan 2

1007 is a studio of 714 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 29 April 2024 for AED 1,035,000, or AED 1,449 per sqft, 8% below the AED 1,569 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 50,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, 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, November 2009: AED 858,000 (AED 1,201 per sqft)Sold, November 2009: AED 299,000 (AED 418 per sqft)Sold, December 2016: AED 1,095,000 (AED 1,533 per sqft)Sold, January 2018: AED 935,000 (AED 1,309 per sqft)Sold, April 2024: AED 1,035,000 (AED 1,449 per sqft)

1007 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1007, each contractTypical studio in Murjan 2
60K80K2012201620202024Typical 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 2015: AED 80,000 a yearNew contract, May 2016: AED 80,000 a yearRenewal, May 2017: AED 80,000 a yearNew contract, May 2018: AED 77,000 a yearNew contract, September 2019: AED 60,000 a yearRenewal, September 2020: AED 50,000 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 1007 sits

All 158 studios →

1007 last sold in April 2024 at AED 1,449 per sqft, 8% below what studios in Murjan 2 were fetching at the time (AED 1,569). 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. 1007's AED 50,000 is at the bottom 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
5.8%
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
1003StudioAED 1.2M · Jan 2017
1004StudioAED 1.21M · Jul 2017
1005StudioAED 800K · May 2021
1006StudioAED 1M · Jan 2008
1008StudioAED 1.15M · Jan 2025
1–7 of 11

1007, Murjan 2 in numbers

  • Sold 5 times: first on 19 November 2009 for AED 299,000, last on 29 April 2024 for AED 1,035,000 (AED 1,449 per sqft).
  • Rented since March 2015 on 6 Ejari contracts, from AED 80,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 4.8%, 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 29 April 2024.

Questions about 1007, Murjan 2

What did unit 1007 last sell for?

AED 1,035,000 on 29 April 2024: AED 1,449 per sqft for 714 sqft. The unit has 5 registered sales; the first was AED 299,000 in November 2009.

What is the rent for unit 1007?

AED 50,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 60,000; the unit has been rented since March 2015.

How big is unit 1007?

714 sqft (66.3 sqm): a studio on the 10th floor of a 28-storey tower completed in 2007.

What is unit 1007 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 1007, Murjan 2

Starts from the last sale price (AED 1.04M, 29 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,035,000
Deposit, UAE resident (20%)
AED 207,000
Deposit, non-resident (40%)
AED 414,000
Monthly over 25 years at 3.7%
AED 4,235

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