Studio · 714 sqftMurjan 2, Jumeirah Beach Residence · 4th floor · completed 2007

405, Murjan 2

Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 7 December 2021
Last soldAED 1.1M7 December 2021
Current rentAED 44K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Murjan 2

What is 405 worth today?

Last sold for AED 1,100,000 in 2021

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7 Dec 2021SoldReady
AED 1,100,000AED 1,540 per sqft
20 Jun 2021SoldReady
AED 811,111AED 1,136 per sqft
15 Mar 2021RentedNew contract
AED 44,000/yr12 months · AED 62 per sqft
22 Feb 2020RentedRenewal
AED 60,000/yr12 months · AED 84 per sqft
22 Feb 2019RentedRenewal
AED 65,000/yr12 months · AED 91 per sqft
22 Feb 2018RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
18 Nov 2014RentedNew contract
AED 95,000/yr12 months · AED 134 per sqft
1 Oct 2013RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 7 December 2021.

Key facts

Type
Studio apartment
Size
714 sqft
Floor
4th of 28
Parking
B509
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,900 /yr
Last sold
AED 1.1M · December 2021
Building
Murjan 2

About 405, Murjan 2

405 is a studio of 714 sqft on the 4th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 December 2021 for AED 1,100,000, or AED 1,540 per sqft, 22% above the AED 1,262 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 15 March 2021, is AED 44,000 a year: a gross yield of 4.0% on the 2021 price, before the service charge of about AED 13,900 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, May 2012: AED 299,000 (AED 418 per sqft)Sold, June 2021: AED 811,111 (AED 1,136 per sqft)Sold, December 2021: AED 1,100,000 (AED 1,540 per sqft)

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

Rents
Unit 405, 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, October 2013: AED 75,000 a yearNew contract, November 2014: AED 95,000 a yearNew contract, February 2018: AED 75,000 a yearRenewal, February 2019: AED 65,000 a yearRenewal, February 2020: AED 60,000 a yearNew contract, March 2021: AED 44,000 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 405 sits

All 158 studios →

405 last sold in December 2021 at AED 1,540 per sqft, 22% above what studios in Murjan 2 were fetching at the time (AED 1,262). 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. 405's AED 44,000 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
5.7%
Murjan 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 4th floor

All 278 units in Murjan 2
Value
4011-bedAED 449K · Dec 2007
4021-bedAED 449K · Aug 2012
403StudioAED 299K · Apr 2008
404StudioAED 600K · Aug 2020
406StudioAED 275K · Nov 2007
407StudioAED 1M · Mar 2023
408StudioAED 1.44M · Sep 2025
1–7 of 11

405, Murjan 2 in numbers

  • Sold 3 times: first on 10 May 2012 for AED 299,000, last on 7 December 2021 for AED 1,100,000 (AED 1,540 per sqft).
  • Rented since October 2013 on 6 Ejari contracts, from AED 75,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2021 price is 4.0%, 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 7 December 2021.

Questions about 405, Murjan 2

What did unit 405 last sell for?

AED 1,100,000 on 7 December 2021: AED 1,540 per sqft for 714 sqft. The unit has 3 registered sales; the first was AED 299,000 in May 2012.

What is the rent for unit 405?

AED 44,000 a year on the contract signed on 15 March 2021. The previous contract, from February 2020, was AED 60,000; the unit has been rented since October 2013.

How big is unit 405?

714 sqft (66.3 sqm): a studio on the 4th floor of a 28-storey tower completed in 2007.

What is unit 405 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 405, Murjan 2

Starts from the last sale price (AED 1.1M, 7 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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