Studio · 714 sqftMurjan 2, Jumeirah Beach Residence · 17th floor · completed 2007

1705, Murjan 2

Sold prices and rental history: sold twice, last in January 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 17 August 2023
Last soldAED 1.25M21 January 2018
Current rentAED 100K /yr17 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1705, Murjan 2

What is 1705 worth today?

Last sold for AED 1,250,000 in 2018

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17 Aug 2023RentedNew contract
AED 99,732/yr12 months · AED 140 per sqft
25 Apr 2018RentedNew contract
AED 65,000/yr12 months · AED 91 per sqft
21 Jan 2018SoldReady
AED 1,250,000AED 1,750 per sqft
30 Dec 2007Sold by developerReady
AED 299,000AED 418 per sqft

Source: Dubai Land Department. Updated 17 August 2023.

Key facts

Type
Studio apartment
Size
714 sqft
Floor
17th of 28
Parking
B607
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,900 /yr
Last sold
AED 1.25M · January 2018
Building
Murjan 2

About 1705, Murjan 2

1705 is a studio of 714 sqft on the 17th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 21 January 2018 for AED 1,250,000, or AED 1,750 per sqft, 18% above the AED 1,478 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 17 August 2023, is AED 99,732 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1705 over time

Sales
Unit 1705, 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, December 2007: AED 299,000 (AED 418 per sqft)Sold, January 2018: AED 1,250,000 (AED 1,750 per sqft)

1705 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1705, each contractTypical studio in Murjan 2
50K75K100K2012201620202024Typical 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, April 2018: AED 65,000 a yearNew contract, August 2023: AED 99,732 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 1705 sits

All 158 studios →

1705 last sold in January 2018 at AED 1,750 per sqft, 18% above what studios in Murjan 2 were fetching at the time (AED 1,478). 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. 1705's AED 99,732 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 17th floor

All 278 units in Murjan 2
Value
17011-bedAED 449K · Sep 2013
17021-bedAED 449K · Sep 2007
1703StudioAED 1.35M · Jun 2023
1704StudioAED 1.4M · Jul 2014
1706StudioAED 1.1M · Jun 2021
1707StudioAED 1M · Nov 2024
1708StudioAED 800K · Jun 2016
1–7 of 11

1705, Murjan 2 in numbers

  • Sold twice: first on 30 December 2007 for AED 299,000, last on 21 January 2018 for AED 1,250,000 (AED 1,750 per sqft).
  • Rented since April 2018 on 2 Ejari contracts, from AED 65,000 to AED 99,732 a year.
  • At AED 99,732 a year the gross yield on the 2018 price is 8.0%, 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 17 August 2023.

Questions about 1705, Murjan 2

What did unit 1705 last sell for?

AED 1,250,000 on 21 January 2018: AED 1,750 per sqft for 714 sqft. The unit has 2 registered sales; the first was AED 299,000 in December 2007.

What is the rent for unit 1705?

AED 99,732 a year on the contract signed on 17 August 2023. The previous contract, from April 2018, was AED 65,000.

How big is unit 1705?

714 sqft (66.3 sqm): a studio on the 17th floor of a 28-storey tower completed in 2007.

What is unit 1705 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 1705, Murjan 2

Starts from the last sale price (AED 1.25M, 21 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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