Home
Dubai prices
About
Research
Studio · 715 sqftMurjan 2, Jumeirah Beach Residence · completed 2007

UP04, Murjan 2

Sold prices and rental history: sold twice, last in March 2015, and rented once, from July 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP04 · DLD and Ejari recordsUpdated 5 March 2015
Last soldAED 1.22M5 March 2015
Current rentAED 80K /yr31 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow UP04

Property timeline for UP04, Murjan 2

What is UP04 worth today?

Last sold for AED 1,220,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Mar 2015SoldReady
AED 1,220,000AED 1,705 per sqft
31 Jul 2014RentedNew contract
AED 80,000/yr12 months · AED 113 per sqft
7 May 2008Sold by developerReady
AED 674,500AED 942 per sqft

Source: Dubai Land Department. Updated 5 March 2015.

Key facts

Type
Studio apartment
Size
715 sqft
Parking
B372
Developer
Dubai Properties
Completed
2007
Service charge
AED 14,000 /yr
Last sold
AED 1.22M · March 2015
Building
Murjan 2

About UP04, Murjan 2

UP04 is a studio of 715 sqft of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 5 March 2015 for AED 1,220,000, or AED 1,705 per sqft, in line with the AED 1,743 studios in the building were fetching at the time.

One Ejari contract is registered, from 31 July 2014. The current contract, signed on 31 July 2014, is AED 80,000 a year: a gross yield of 6.6% on the 2015 price, before the service charge of about AED 14,000 a year.

Sales and rents for UP04 over time

Sales
Unit UP04, 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, May 2008: AED 674,500 (AED 942 per sqft)Sold, March 2015: AED 1,220,000 (AED 1,705 per sqft)

UP04 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit UP04, each contractTypical studio in Murjan 2
60K80K2012201620202024Typical 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, July 2014: AED 80,000 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 UP04 sits

All 158 studios →

UP04 last sold in March 2015 at AED 1,705 per sqft, in line with what studios in Murjan 2 were fetching at the time (AED 1,743). 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. UP04's AED 80,000 is in the lower half 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 →

UP04, Murjan 2 in numbers

  • Sold twice: first on 7 May 2008 for AED 674,500, last on 5 March 2015 for AED 1,220,000 (AED 1,705 per sqft).
  • Rented since July 2014 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2015 price is 6.6%, before a service charge of about AED 14,000 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 March 2015.

Questions about UP04, Murjan 2

What did unit UP04 last sell for?

AED 1,220,000 on 5 March 2015: AED 1,705 per sqft for 715 sqft. The unit has 2 registered sales; the first was AED 674,500 in May 2008.

What is the rent for unit UP04?

AED 80,000 a year on the contract signed on 31 July 2014.

How big is unit UP04?

715 sqft (66.4 sqm): a studio of a 28-storey tower completed in 2007.

What is unit UP04 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.

Selling UP04? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on UP04, Murjan 2

Starts from the last sale price (AED 1.22M, 5 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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