407, Murjan 2
Sold prices and rental history: sold 4 times, last in March 2023, 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 407, Murjan 2
What is 407 worth today?
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Source: Dubai Land Department. Updated 29 March 2023.
Key facts
- Type
- Studio apartment
- Size
- 714 sqft
- Floor
- 4th of 28
- Parking
- B508
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 1M · March 2023
- Building
- Murjan 2
About 407, Murjan 2
407 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 29 March 2023 for AED 1,000,000, or AED 1,400 per sqft, 5% below the AED 1,470 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 25 September 2022, is AED 80,000 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 13,900 a year.
Sales and rents for 407 over time
407 has sold 4 times; 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 407 sits
All 158 studios →407 last sold in March 2023 at AED 1,400 per sqft, 5% below what studios in Murjan 2 were fetching at the time (AED 1,470). 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. 407's AED 80,000 is in the lower 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 4th floor
All 278 units in Murjan 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Dec 2007December 2007 | 110,000 /yr | |
| 402 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Aug 2012August 2012 | 95,000 /yr | |
| 403 | Studio | 713 sqft | AED 299KAED 299,000 · Apr 2008April 2008 | 82,000 /yr | |
| 404 | Studio | 714 sqft | AED 600KAED 600,000 · Aug 2020August 2020 | 78,000 /yr | |
| 405 | Studio | 714 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 44,000 /yr | |
| 406 | Studio | 714 sqft | AED 275KAED 275,000 · Nov 2007November 2007 | 66,200 /yr | |
| 408 | Studio | 713 sqft | AED 1.44MAED 1,440,000 · Sep 2025September 2025 | 90,000 /yr | |
| 409 | 1-bed | 1,101 sqft | AED 1.55MAED 1,545,000 · Jan 2024January 2024 | 105,000 /yr | |
| 410 | 1-bed | 1,101 sqft | AED 1.58MAED 1,580,000 · Sep 2026September 2026 | 97,500 /yr | |
| 411 | Studio | 720 sqft | AED 1.25MAED 1,250,000 · Dec 2022December 2022 | ||
| 412 | Studio | 720 sqft | AED 880KAED 880,000 · Mar 2019March 2019 | 75,000 /yr |
407, Murjan 2 in numbers
- Sold 4 times: first on 6 September 2007 for AED 275,000, last on 29 March 2023 for AED 1,000,000 (AED 1,400 per sqft).
- Rented since July 2016 on 5 Ejari contracts. The rent fell from AED 70,350 to AED 38,000 in 2021 and recovered to AED 80,000 by September 2022.
- At AED 80,000 a year the gross yield on the 2023 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 29 March 2023.
Questions about 407, Murjan 2
What did unit 407 last sell for?
AED 1,000,000 on 29 March 2023: AED 1,400 per sqft for 714 sqft. The unit has 4 registered sales; the first was AED 275,000 in September 2007.
What is the rent for unit 407?
AED 80,000 a year on the contract renewed on 25 September 2022. The previous contract, from September 2021, was AED 38,000; the unit has been rented since July 2016.
How big is unit 407?
714 sqft (66.3 sqm): a studio on the 4th floor of a 28-storey tower completed in 2007.
What is unit 407 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 407, Murjan 2
Starts from the last sale price (AED 1M, 29 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →