1603, Murjan 2
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Murjan 2
What is 1603 worth today?
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Source: Dubai Land Department. Updated 20 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 713 sqft
- Floor
- 16th of 28
- Parking
- B621
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 299K · July 2016
- Building
- Murjan 2
About 1603, Murjan 2
1603 is a studio of 713 sqft on the 16th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 20 July 2016 for AED 299,000, or AED 419 per sqft, 73% below the AED 1,531 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 13 Ejari contracts. The current contract, renewed on 20 August 2026, is AED 100,000 a year: a gross yield of 33.4% on the 2016 price, before the service charge of about AED 13,900 a year.
Sales and rents for 1603 over time
1603 has sold once; the dashed line is the studio median of each year in the building.
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 1603 sits
All 158 studios →1603 last sold in July 2016 at AED 419 per sqft, 73% below what studios in Murjan 2 were fetching at the time (AED 1,531). 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. 1603's AED 100,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 720 sqft | 1,100,000 | 1,528 | ||
| 8 Oct 20268 October 2026 | 714 sqft | 1,225,000 | 1,715 | ||
| 7 Sep 20267 September 2026 | 720 sqft | 1,100,000 | 1,528 | ||
| 22 Jul 202622 July 2026 | 713 sqft | 1,150,000 | 1,613 |
Murjan 2
Building278 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%
Other units on the 16th floor
All 278 units in Murjan 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Sep 2013September 2013 | 110,000 /yr | |
| 1602 | 1-bed | 1,108 sqft | AED 1.2MAED 1,200,000 · Oct 2007October 2007 | 110,000 /yr | |
| 1604 | Studio | 714 sqft | AED 1.36MAED 1,360,570 · Aug 2025August 2025 | 70,000 /yr | |
| 1605 | Studio | 714 sqft | AED 299KAED 299,000 · Oct 2009October 2009 | 70,000 /yr | |
| 1606 | Studio | 714 sqft | AED 1.2MAED 1,200,000 · Feb 2016February 2016 | 60,000 /yr | |
| 1607 | Studio | 714 sqft | AED 1.08MAED 1,083,334 · Oct 2023October 2023 | 75,000 /yr | |
| 1608 | Studio | 713 sqft | AED 765KAED 765,000 · Oct 2019October 2019 | 60,000 /yr | |
| 1609 | 1-bed | 1,101 sqft | AED 1.07MAED 1,065,170 · Aug 2012August 2012 | 120,000 /yr | |
| 1610 | 1-bed | 1,101 sqft | AED 680KAED 680,000 · Sep 2007September 2007 | 87,000 /yr | |
| 1611 | Studio | 720 sqft | AED 1.08MAED 1,080,000 · Mar 2022March 2022 | 65,000 /yr | |
| 1612 | Studio | 720 sqft | AED 930KAED 930,000 · Feb 2013February 2013 | 71,773 /yr |
1603, Murjan 2 in numbers
- Sold once: by Dubai Properties on 20 July 2016 for AED 299,000, or AED 419 per sqft.
- Rented since May 2016 on 13 Ejari contracts. The rent fell from AED 80,000 to AED 38,000 in 2020 and recovered to AED 100,000 by August 2026.
- At AED 100,000 a year the gross yield on the 2016 price is 33.4%, 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 20 August 2026.
Questions about 1603, Murjan 2
What did unit 1603 last sell for?
AED 299,000 on 20 July 2016, sold by the developer: AED 419 per sqft for 713 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 100,000 a year on the contract renewed on 20 August 2026. The previous contract, from August 2026, was AED 72,000; the unit has been rented since May 2016.
How big is unit 1603?
713 sqft (66.2 sqm): a studio on the 16th floor of a 28-storey tower completed in 2007.
What is unit 1603 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 1603, Murjan 2
Starts from the last sale price (AED 299K, 20 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 299,000
- Deposit, UAE resident (20%)
- AED 59,800
- Deposit, non-resident (40%)
- AED 119,600
- Monthly over 25 years at 3.7%
- AED 1,223
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →