506, Murjan 2
Sold prices and rental history: sold 5 times, last in December 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Murjan 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 5 December 2019.
Key facts
- Type
- Studio apartment
- Size
- 714 sqft
- Floor
- 5th of 28
- Parking
- B535
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 900K · December 2019
- Building
- Murjan 2
About 506, Murjan 2
506 is a studio of 714 sqft on the 5th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 5 December 2019 for AED 900,000, or AED 1,260 per sqft, in line with the AED 1,261 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 16 August 2018, is AED 60,000 a year: a gross yield of 6.7% on the 2019 price, before the service charge of about AED 13,900 a year.
Sales and rents for 506 over time
506 has sold 5 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 506 sits
All 158 studios →506 last sold in December 2019 at AED 1,260 per sqft, in line with what studios in Murjan 2 were fetching at the time (AED 1,261). 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. 506's AED 60,000 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 5th floor
All 278 units in Murjan 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Nov 2008November 2008 | 86,625 /yr | |
| 502 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Feb 2008February 2008 | 99,225 /yr | |
| 503 | Studio | 713 sqft | AED 1.01MAED 1,010,000 · Mar 2019March 2019 | 60,000 /yr | |
| 504 | Studio | 714 sqft | AED 1.05MAED 1,050,000 · Feb 2013February 2013 | 72,930 /yr | |
| 505 | Studio | 714 sqft | AED 950KAED 950,000 · Oct 2021October 2021 | 45,000 /yr | |
| 507 | Studio | 714 sqft | AED 1.37MAED 1,370,000 · May 2024May 2024 | 70,000 /yr | |
| 508 | Studio | 713 sqft | AED 750KAED 750,000 · Mar 2010March 2010 | 65,000 /yr | |
| 509 | 1-bed | 1,101 sqft | AED 415KAED 415,000 · Nov 2012November 2012 | 100,000 /yr | |
| 510 | 1-bed | 1,101 sqft | AED 875KAED 875,000 · Mar 2020March 2020 | 115,000 /yr | |
| 511 | Studio | 720 sqft | AED 1.12MAED 1,120,000 · Sep 2013September 2013 | 80,000 /yr | |
| 512 | Studio | 720 sqft | AED 1.1MAED 1,100,000 · Sep 2026September 2026 | 85,000 /yr |
506, Murjan 2 in numbers
- Sold 5 times: first on 18 September 2007 for AED 275,000, last on 5 December 2019 for AED 900,000 (AED 1,260 per sqft).
- Rented since April 2013 on 5 Ejari contracts, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2019 price is 6.7%, 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 5 December 2019.
Questions about 506, Murjan 2
What did unit 506 last sell for?
AED 900,000 on 5 December 2019: AED 1,260 per sqft for 714 sqft. The unit has 5 registered sales; the first was AED 275,000 in September 2007.
What is the rent for unit 506?
AED 60,000 a year on the contract signed on 16 August 2018. The previous contract, from April 2017, was AED 70,000; the unit has been rented since April 2013.
How big is unit 506?
714 sqft (66.3 sqm): a studio on the 5th floor of a 28-storey tower completed in 2007.
What is unit 506 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 506, Murjan 2
Starts from the last sale price (AED 900K, 5 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →