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Studio · 715 sqftMurjan 2, Jumeirah Beach Residence · completed 2007

UP07, Murjan 2

Sold prices and rental history: sold 5 times, last in December 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP07 · DLD and Ejari recordsUpdated 5 December 2019
Last soldAED 900K5 December 2019
Current rentAED 63K /yr11 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP07, Murjan 2

What is UP07 worth today?

Last sold for AED 900,000 in 2019

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5 Dec 2019SoldReady
AED 900,000AED 1,257 per sqft
29 Oct 2019SoldReady
AED 700,000AED 978 per sqft
11 Oct 2018RentedNew contract
AED 63,000/yr12 months · AED 88 per sqft
25 Oct 2017RentedNew contract
AED 77,001/yr8 months · AED 108 per sqft
25 Oct 2016RentedNew contract
AED 77,000/yr12 months · AED 108 per sqft
13 Apr 2015RentedRenewal
AED 73,500/yr12 months · AED 103 per sqft
13 Apr 2014RentedNew contract
AED 70,000/yr12 months · AED 99 per sqft
9 Jan 2014SoldReady
AED 865,000AED 1,208 per sqft

Source: Dubai Land Department. Updated 5 December 2019.

Key facts

Type
Studio apartment
Size
715 sqft
Parking
B373
Developer
Dubai Properties
Completed
2007
Service charge
AED 14,000 /yr
Last sold
AED 900K · December 2019
Building
Murjan 2

About UP07, Murjan 2

UP07 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 December 2019 for AED 900,000, or AED 1,257 per sqft, in line with the AED 1,261 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 11 October 2018, is AED 63,000 a year: a gross yield of 7.0% on the 2019 price, before the service charge of about AED 14,000 a year.

Sales and rents for UP07 over time

Sales
Unit UP07, 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, August 2007: AED 674,500 (AED 942 per sqft)Sold, October 2007: AED 815,000 (AED 1,139 per sqft)Sold, January 2014: AED 865,000 (AED 1,208 per sqft)Sold, October 2019: AED 700,000 (AED 978 per sqft)Sold, December 2019: AED 900,000 (AED 1,257 per sqft)

UP07 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit UP07, 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, April 2014: AED 70,000 a yearRenewal, April 2015: AED 73,500 a yearNew contract, October 2016: AED 77,000 a yearNew contract, October 2017: AED 77,001 a yearNew contract, October 2018: AED 63,000 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 UP07 sits

All 158 studios →

UP07 last sold in December 2019 at AED 1,257 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. UP07's AED 63,000 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 →

UP07, Murjan 2 in numbers

  • Sold 5 times: first on 28 August 2007 for AED 674,500, last on 5 December 2019 for AED 900,000 (AED 1,257 per sqft).
  • Rented since April 2014 on 5 Ejari contracts, from AED 70,000 to AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2019 price is 7.0%, 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 December 2019.

Questions about UP07, Murjan 2

What did unit UP07 last sell for?

AED 900,000 on 5 December 2019: AED 1,257 per sqft for 715 sqft. The unit has 5 registered sales; the first was AED 674,500 in August 2007.

What is the rent for unit UP07?

AED 63,000 a year on the contract signed on 11 October 2018. The previous contract, from October 2017, was AED 77,001; the unit has been rented since April 2014.

How big is unit UP07?

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

What is unit UP07 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 UP07, 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 →