1-bed · 1,108 sqftMurjan 2, Jumeirah Beach Residence · 5th floor · completed 2007

501, Murjan 2

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 449K20 November 2008
Current rentAED 87K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Murjan 2

What is 501 worth today?

Last sold for AED 449,000 in 2008

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1 Oct 2024RentedRenewal
AED 86,625/yr12 months · AED 78 per sqft
1 Oct 2023RentedRenewal
AED 78,750/yr12 months · AED 71 per sqft
1 Oct 2022RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Oct 2021RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Oct 2019RentedRenewal
AED 81,000/yr12 months · AED 73 per sqft
1 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
1 Sep 2016RentedNew contract
AED 105,000/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
1,108 sqft
Floor
5th of 28
Parking
G404
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,600 /yr
Last sold
AED 449K · November 2008
Building
Murjan 2

About 501, Murjan 2

501 is a one-bedroom apartment of 1,108 sqft on the 5th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 20 November 2008 for AED 449,000, or AED 405 per sqft, 17% below the AED 490 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 86,625 a year: a gross yield of 19.3% on the 2008 price, before the service charge of about AED 21,600 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, November 2008: AED 449,000 (AED 405 per sqft)

501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 501, each contractTypical one-bed in Murjan 2
60K80K100K2012201620202024Typical 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, June 2013: AED 85,000 a yearNew contract, September 2016: AED 105,000 a yearNew contract, October 2017: AED 90,000 a yearRenewal, October 2019: AED 81,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 75,000 a yearRenewal, October 2022: AED 75,000 a yearRenewal, October 2023: AED 78,750 a yearRenewal, October 2024: AED 86,625 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 501 sits

All 128 1-beds →

501 last sold in November 2008 at AED 405 per sqft, 17% below what one-beds in Murjan 2 were fetching at the time (AED 490). 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. 501's AED 86,625 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 5th floor

All 278 units in Murjan 2
Value
5021-bedAED 449K · Feb 2008
503StudioAED 1.01M · Mar 2019
504StudioAED 1.05M · Feb 2013
505StudioAED 950K · Oct 2021
506StudioAED 900K · Dec 2019
507StudioAED 1.37M · May 2024
508StudioAED 750K · Mar 2010
1–7 of 11

501, Murjan 2 in numbers

  • Sold once: by Dubai Properties on 20 November 2008 for AED 449,000, or AED 405 per sqft.
  • Rented since June 2013 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 75,000 in 2022 and recovered to AED 86,625 by October 2024.
  • At AED 86,625 a year the gross yield on the 2008 price is 19.3%, before a service charge of about AED 21,600 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 1 October 2024.

Questions about 501, Murjan 2

What did unit 501 last sell for?

AED 449,000 on 20 November 2008, sold by the developer: AED 405 per sqft for 1,108 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 86,625 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 78,750; the unit has been rented since June 2013.

How big is unit 501?

1,108 sqft (102.9 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2007.

What is unit 501 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 501, Murjan 2

Starts from the last sale price (AED 449K, 20 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 449,000
Deposit, UAE resident (20%)
AED 89,800
Deposit, non-resident (40%)
AED 179,600
Monthly over 25 years at 3.7%
AED 1,837

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