1-bed · 1,101 sqftMurjan 2, Jumeirah Beach Residence · 5th floor · completed 2007

510, Murjan 2

Sold prices and rental history: sold 3 times, last in March 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 12 March 2020
Last soldAED 875K12 March 2020
Current rentAED 115K /yr13 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Murjan 2

What is 510 worth today?

Last sold for AED 875,000 in 2020

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12 Mar 2020SoldReady
AED 875,000AED 795 per sqft
13 Feb 2017RentedNew contract
AED 115,000/yr12 months · AED 105 per sqft
13 Jul 2015RentedNew contract
AED 130,000/yr12 months · AED 118 per sqft
13 Jul 2014RentedNew contract
AED 130,000/yr12 months · AED 118 per sqft
30 Mar 2008SoldReady
AED 1,100,000AED 999 per sqft
27 Feb 2008Sold by developerReady
AED 645,000AED 586 per sqft

Source: Dubai Land Department. Updated 12 March 2020.

Key facts

Type
1-bed apartment
Size
1,101 sqft
Floor
5th of 28
Parking
B674
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,500 /yr
Last sold
AED 875K · March 2020
Building
Murjan 2

About 510, Murjan 2

510 is a one-bedroom apartment of 1,101 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 12 March 2020 for AED 875,000, or AED 795 per sqft, 8% below the AED 866 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 13 February 2017, is AED 115,000 a year: a gross yield of 13.1% on the 2020 price, before the service charge of about AED 21,500 a year.

Sales and rents for 510 over time

Sales
Unit 510, 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, February 2008: AED 645,000 (AED 586 per sqft)Sold, March 2008: AED 1,100,000 (AED 999 per sqft)Sold, March 2020: AED 875,000 (AED 795 per sqft)

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

Rents
Unit 510, each contractTypical one-bed in Murjan 2
100K2012201620202024Typical 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, July 2014: AED 130,000 a yearNew contract, July 2015: AED 130,000 a yearNew contract, February 2017: AED 115,000 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 510 sits

All 128 1-beds →

510 last sold in March 2020 at AED 795 per sqft, 8% below what one-beds in Murjan 2 were fetching at the time (AED 866). 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. 510's AED 115,000 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
5.8%
Murjan 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 5th floor

All 278 units in Murjan 2
Value
5011-bedAED 449K · Nov 2008
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
1–7 of 11

510, Murjan 2 in numbers

  • Sold 3 times: first on 27 February 2008 for AED 645,000, last on 12 March 2020 for AED 875,000 (AED 795 per sqft).
  • Rented since July 2014 on 3 Ejari contracts, from AED 130,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2020 price is 13.1%, 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 12 March 2020.

Questions about 510, Murjan 2

What did unit 510 last sell for?

AED 875,000 on 12 March 2020: AED 795 per sqft for 1,101 sqft. The unit has 3 registered sales; the first was AED 645,000 in February 2008.

What is the rent for unit 510?

AED 115,000 a year on the contract signed on 13 February 2017. The previous contract, from July 2015, was AED 130,000; the unit has been rented since July 2014.

How big is unit 510?

1,101 sqft (102.3 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2007.

What is unit 510 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 510, Murjan 2

Starts from the last sale price (AED 875K, 12 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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