1-bed · 1,101 sqftMurjan 2, Jumeirah Beach Residence · 4th floor · completed 2007

409, Murjan 2

Sold prices and rental history: sold 3 times, last in January 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 9 January 2024
Last soldAED 1.55M9 January 2024
Current rentAED 105K /yr25 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Murjan 2

What is 409 worth today?

Last sold for AED 1,545,000 in 2024

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9 Jan 2024SoldReady
AED 1,545,000AED 1,403 per sqft
25 Feb 2023RentedNew contract
AED 105,000/yr12 months · AED 96 per sqft
5 Mar 2022RentedRenewal
AED 80,000/yr12 months · AED 73 per sqft
5 Mar 2021RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
5 Mar 2020RentedNew contract
AED 80,000/yr12 months · AED 73 per sqft
20 Dec 2018RentedNew contract
AED 95,000/yr12 months · AED 87 per sqft
20 Nov 2017RentedNew contract
AED 105,000/yr12 months · AED 96 per sqft
19 Mar 2017RentedRenewal
AED 120,000/yr6 months · AED 109 per sqft

Source: Dubai Land Department. Updated 9 January 2024.

Key facts

Type
1-bed apartment
Size
1,101 sqft
Floor
4th of 28
Parking
B687
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,500 /yr
Last sold
AED 1.55M · January 2024
Building
Murjan 2

About 409, Murjan 2

409 is a one-bedroom apartment of 1,101 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 9 January 2024 for AED 1,545,000, or AED 1,403 per sqft, 6% above the AED 1,320 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 25 February 2023, is AED 105,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 21,500 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Murjan 2
1M2M20072012201720222027Typical sale price by year: 2007 AED 449,000; 2008 AED 540,000; 2009 AED 475,000; 2010 AED 937,500; 2011 AED 645,000; 2012 AED 950,000; 2013 AED 449,000; 2014 AED 1,755,000; 2017 AED 1,350,000; 2018 AED 1,322,500; 2019 AED 1,000,000; 2021 AED 1,100,000; 2022 AED 1,405,797; 2023 AED 1,418,220; 2024 AED 1,545,000; 2025 AED 1,815,000; 2026 AED 1,840,410Sold by developer, October 2009: AED 475,000 (AED 431 per sqft)Sold, March 2012: AED 1,000,000 (AED 908 per sqft)Sold, January 2024: AED 1,545,000 (AED 1,403 per sqft)

409 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 409, each contractTypical one-bed in Murjan 2
75K100K125K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 90,000; 2014 AED 93,500; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,116; 2020 AED 70,000; 2021 AED 65,000; 2022 AED 71,500; 2023 AED 85,000; 2024 AED 97,500; 2025 AED 100,000; 2026 AED 97,000New contract, September 2013: AED 110,000 a yearNew contract, September 2015: AED 120,000 a yearRenewal, September 2016: AED 120,000 a yearRenewal, March 2017: AED 120,000 a yearNew contract, November 2017: AED 105,000 a yearNew contract, December 2018: AED 95,000 a yearNew contract, March 2020: AED 80,000 a yearRenewal, March 2021: AED 75,000 a yearRenewal, March 2022: AED 80,000 a yearNew contract, February 2023: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Murjan 2, and where 409 sits

All 128 1-beds →

409 last sold in January 2024 at AED 1,403 per sqft, 6% above what one-beds in Murjan 2 were fetching at the time (AED 1,320). Over the last 12 months one-beds sold for AED 1,580,000 to 2,100,000, around AED 1,617 per sqft, and rent for AED 60,000 to 250,000 a year. 409's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Sep 20261,580,000
11 Aug 20262,100,000
20 Apr 20261,615,819
30 Jan 20262,065,000
7 1-bed 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
405StudioAED 1.1M · Dec 2021
406StudioAED 275K · Nov 2007
407StudioAED 1M · Mar 2023
1–7 of 11

409, Murjan 2 in numbers

  • Sold 3 times: first on 1 October 2009 for AED 475,000, last on 9 January 2024 for AED 1,545,000 (AED 1,403 per sqft).
  • Rented since September 2013 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 75,000 in 2021 and recovered to AED 105,000 by February 2023.
  • At AED 105,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 21,500 a year (AED 19.53 per sqft).
  • One-beds in Murjan 2 sold for AED 1,580,000–2,100,000 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 9 January 2024.

Questions about 409, Murjan 2

What did unit 409 last sell for?

AED 1,545,000 on 9 January 2024: AED 1,403 per sqft for 1,101 sqft. The unit has 3 registered sales; the first was AED 475,000 in October 2009.

What is the rent for unit 409?

AED 105,000 a year on the contract signed on 25 February 2023. The previous contract, from March 2022, was AED 80,000; the unit has been rented since September 2013.

How big is unit 409?

1,101 sqft (102.3 sqm): a one-bedroom apartment on the 4th floor of a 28-storey tower completed in 2007.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murjan 2 sold for AED 1,580,000 to 2,100,000 in the last 12 months, around AED 1,617 per sqft.

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Mortgage on 409, Murjan 2

Starts from the last sale price (AED 1.55M, 9 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,545,000
Deposit, UAE resident (20%)
AED 309,000
Deposit, non-resident (40%)
AED 618,000
Monthly over 25 years at 3.7%
AED 6,321

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