Studio · 720 sqftMurjan 2, Jumeirah Beach Residence · 7th floor · completed 2007

711, Murjan 2

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 26 September 2022
Last soldAED 1.05M26 September 2022
Current rentAED 45K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, Murjan 2

What is 711 worth today?

Last sold for AED 1,050,000 in 2022

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26 Sep 2022SoldReady
AED 1,050,000AED 1,458 per sqft
1 May 2021RentedNew contract
AED 45,000/yr12 months · AED 62 per sqft
1 Feb 2020RentedRenewal
AED 53,000/yr12 months · AED 73 per sqft
1 Feb 2019RentedNew contract
AED 53,000/yr12 months · AED 73 per sqft
10 Jun 2017RentedNew contract
AED 65,000/yr12 months · AED 90 per sqft
27 Aug 2016RentedNew contract
AED 70,000/yr6 months · AED 97 per sqft
30 Mar 2010Sold by developerReady
AED 610,000AED 847 per sqft

Source: Dubai Land Department. Updated 26 September 2022.

Key facts

Type
Studio apartment
Size
720 sqft
Floor
7th of 28
Parking
B585
Developer
Dubai Properties
Completed
2007
Service charge
AED 14,100 /yr
Last sold
AED 1.05M · September 2022
Building
Murjan 2

About 711, Murjan 2

711 is a studio of 720 sqft on the 7th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 26 September 2022 for AED 1,050,000, or AED 1,458 per sqft, in line with the AED 1,456 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 May 2021, is AED 45,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 711 over time

Sales
Unit 711, each saleTypical studio in Murjan 2
500K1M20072012201720222027Typical sale price by year: 2007 AED 299,000; 2008 AED 610,000; 2009 AED 299,000; 2010 AED 299,000; 2011 AED 575,000; 2012 AED 725,000; 2013 AED 872,500; 2014 AED 1,225,000; 2015 AED 1,080,000; 2016 AED 1,090,000; 2017 AED 1,112,500; 2018 AED 1,000,000; 2019 AED 890,000; 2020 AED 600,000; 2021 AED 920,000; 2022 AED 1,100,000; 2023 AED 1,125,000; 2024 AED 1,130,000; 2025 AED 1,203,829; 2026 AED 1,212,500Sold by developer, March 2010: AED 610,000 (AED 847 per sqft)Sold, September 2022: AED 1,050,000 (AED 1,458 per sqft)

711 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 711, each contractTypical studio in Murjan 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 50,875; 2013 AED 66,000; 2014 AED 76,384; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 69,806; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 48,000; 2022 AED 55,000; 2023 AED 67,750; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 72,930New contract, August 2016: AED 70,000 a yearNew contract, June 2017: AED 65,000 a yearNew contract, February 2019: AED 53,000 a yearRenewal, February 2020: AED 53,000 a yearNew contract, May 2021: AED 45,000 a year

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 711 sits

All 158 studios →

711 last sold in September 2022 at AED 1,458 per sqft, in line with what studios in Murjan 2 were fetching at the time (AED 1,456). 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. 711's AED 45,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 20261,100,000
8 Oct 20261,225,000
7 Sep 20261,100,000
22 Jul 20261,150,000
8 studio 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 7th floor

All 278 units in Murjan 2
Value
7011-bedAED 449K · Feb 2013
7021-bedAED 449K · Feb 2008
703StudioAED 1M · Nov 2018
704StudioAED 1.15M · Dec 2015
705StudioAED 1.23M · Sep 2024
706StudioAED 950K · Sep 2017
707StudioAED 1.23M · Oct 2026
1–7 of 11

711, Murjan 2 in numbers

  • Sold twice: first on 30 March 2010 for AED 610,000, last on 26 September 2022 for AED 1,050,000 (AED 1,458 per sqft).
  • Rented since August 2016 on 5 Ejari contracts, from AED 70,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 14,100 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 26 September 2022.

Questions about 711, Murjan 2

What did unit 711 last sell for?

AED 1,050,000 on 26 September 2022: AED 1,458 per sqft for 720 sqft. The unit has 2 registered sales; the first was AED 610,000 in March 2010.

What is the rent for unit 711?

AED 45,000 a year on the contract signed on 1 May 2021. The previous contract, from February 2020, was AED 53,000; the unit has been rented since August 2016.

How big is unit 711?

720 sqft (66.9 sqm): a studio on the 7th floor of a 28-storey tower completed in 2007.

What is unit 711 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 711, Murjan 2

Starts from the last sale price (AED 1.05M, 26 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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