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1-bed · 1,118 sqftMurjan 2, Jumeirah Beach Residence · completed 2007

UP02, Murjan 2

Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP02 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 1.53M25 July 2024
Current rentAED 100K /yr10 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP02, Murjan 2

What is UP02 worth today?

Last sold for AED 1,525,000 in 2024

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25 Jul 2024SoldReady
AED 1,525,000AED 1,363 per sqft
25 Feb 2018SoldReady
AED 1,400,000AED 1,251 per sqft
10 Nov 2017RentedRenewal
AED 100,000/yr12 months · AED 89 per sqft
10 Nov 2016RentedRenewal
AED 100,000/yr12 months · AED 89 per sqft
10 Nov 2015RentedRenewal
AED 100,000/yr12 months · AED 89 per sqft
10 Nov 2014RentedNew contract
AED 100,000/yr12 months · AED 89 per sqft
10 Nov 2013RentedNew contract
AED 100,000/yr12 months · AED 89 per sqft
28 Apr 2008SoldReady
AED 1,421,000AED 1,270 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
1-bed apartment
Size
1,118 sqft
Parking
G410
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 1.53M · July 2024
Building
Murjan 2

About UP02, Murjan 2

UP02 is a one-bedroom apartment of 1,118 sqft of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 25 July 2024 for AED 1,525,000, or AED 1,363 per sqft, in line with the AED 1,403 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 10 November 2017, is AED 100,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 21,800 a year.

Sales and rents for UP02 over time

Sales
Unit UP02, 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, April 2008: AED 1,421,000 (AED 1,270 per sqft)Sold by developer, April 2008: AED 1,083,000 (AED 968 per sqft)Sold, February 2018: AED 1,400,000 (AED 1,251 per sqft)Sold, July 2024: AED 1,525,000 (AED 1,363 per sqft)

UP02 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit UP02, 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, November 2013: AED 100,000 a yearNew contract, November 2014: AED 100,000 a yearRenewal, November 2015: AED 100,000 a yearRenewal, November 2016: AED 100,000 a yearRenewal, November 2017: AED 100,000 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 UP02 sits

All 128 1-beds →

UP02 last sold in July 2024 at AED 1,363 per sqft, in line with what one-beds in Murjan 2 were fetching at the time (AED 1,403). 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. UP02's AED 100,000 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 →

UP02, Murjan 2 in numbers

  • Sold 4 times: first on 1 April 2008 for AED 1,083,000, last on 25 July 2024 for AED 1,525,000 (AED 1,363 per sqft).
  • Rented since November 2013 on 5 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 21,800 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 25 July 2024.

Questions about UP02, Murjan 2

What did unit UP02 last sell for?

AED 1,525,000 on 25 July 2024: AED 1,363 per sqft for 1,118 sqft. The unit has 4 registered sales; the first was AED 1,083,000 in April 2008.

What is the rent for unit UP02?

AED 100,000 a year on the contract renewed on 10 November 2017. The previous contract, from November 2016, was AED 100,000; the unit has been rented since November 2013.

How big is unit UP02?

1,118 sqft (103.9 sqm): a one-bedroom apartment of a 28-storey tower completed in 2007.

What is unit UP02 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 UP02, Murjan 2

Starts from the last sale price (AED 1.53M, 25 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,525,000
Deposit, UAE resident (20%)
AED 305,000
Deposit, non-resident (40%)
AED 610,000
Monthly over 25 years at 3.7%
AED 6,239

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