2-bed · 1,470 sqftMurjan 3, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Murjan 3

Sold prices and rental history: sold 4 times, last in July 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 7 July 2022
Last soldAED 1.7M7 July 2022
Current rentAED 125K /yr13 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Murjan 3

What is 2303 worth today?

Last sold for AED 1,700,000 in 2022

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7 Jul 2022SoldReady
AED 1,700,000AED 1,156 per sqft
13 Nov 2019RentedRenewal
AED 125,000/yr12 months · AED 85 per sqft
11 Nov 2018RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
20 Feb 2018RentedNew contract
AED 160,000/yr12 months · AED 108 per sqft
25 Sep 2016SoldReady
AED 1,980,000AED 1,347 per sqft
5 Sep 2016RentedNew contract
AED 120,000/yr12 months · AED 81 per sqft
11 Sep 2015RentedRenewal
AED 170,000/yr12 months · AED 115 per sqft
16 Dec 2010SoldReady
AED 1,200,000AED 816 per sqft

Source: Dubai Land Department. Updated 7 July 2022.

Key facts

Type
2-bed apartment
Size
1,470 sqft
Floor
23rd of 29
Parking
B773
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,900 /yr
Last sold
AED 1.7M · July 2022
Building
Murjan 3

About 2303, Murjan 3

2303 is a two-bedroom apartment of 1,470 sqft on the 23rd floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 July 2022 for AED 1,700,000, or AED 1,156 per sqft, in line with the AED 1,158 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 13 November 2019, is AED 125,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 21,900 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, each saleTypical two-bed in Murjan 3
1M2M2008201320182023Typical sale price by year: 2008 AED 2,325,000; 2009 AED 2,000,000; 2013 AED 2,325,000; 2014 AED 2,675,500; 2016 AED 2,065,000; 2018 AED 1,700,000; 2022 AED 1,812,500; 2023 AED 2,100,000; 2024 AED 2,725,000; 2025 AED 2,084,644; 2026 AED 2,450,000Sold by developer, November 2009: AED 1,980,000 (AED 1,347 per sqft)Sold, December 2010: AED 1,200,000 (AED 816 per sqft)Sold, September 2016: AED 1,980,000 (AED 1,347 per sqft)Sold, July 2022: AED 1,700,000 (AED 1,156 per sqft)

2303 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Murjan 3
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 122,500; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 145,000; 2017 AED 140,000; 2018 AED 132,500; 2019 AED 112,500; 2020 AED 90,000; 2021 AED 94,250; 2022 AED 100,000; 2023 AED 156,500; 2024 AED 140,000; 2025 AED 148,000; 2026 AED 116,525Renewal, September 2015: AED 170,000 a yearNew contract, September 2016: AED 120,000 a yearNew contract, February 2018: AED 160,000 a yearNew contract, November 2018: AED 125,000 a yearRenewal, November 2019: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murjan 3, and where 2303 sits

All 26 2-beds →

2303 last sold in July 2022 at AED 1,156 per sqft, in line with what two-beds in Murjan 3 were fetching at the time (AED 1,158). Over the last 12 months two-beds sold for AED 2,275,000 to 2,730,000, around AED 1,667 per sqft, and rent for AED 110,000 to 170,000 a year. 2303's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Aug 20262,450,000
4 Mar 20262,730,000
4 Feb 20262,275,000
13 Oct 20252,000,000
3 2-bed sales in the last 12 months

Murjan 3

Building

92 apartments, 2-bed to 4-bed over 29 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,548
Typical sale
AED 3.1M
Typical rent
AED 190K /yr
Typical yield
5.3%
Murjan 3, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 23rd floor

All 92 units in Murjan 3
Value
23012-bedAED 2.8M · Oct 2025
23022-bedAED 3.1M · May 2014
23042-bedAED 2.98M · May 2008

2303, Murjan 3 in numbers

  • Sold 4 times: first on 10 November 2009 for AED 1,980,000, last on 7 July 2022 for AED 1,700,000 (AED 1,156 per sqft).
  • Rented since September 2015 on 5 Ejari contracts, from AED 170,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 21,900 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 3 sold for AED 2,275,000–2,730,000 in the 12 months to November 2026; the building's median across all types is AED 1,548 per sqft.

Source: Dubai Land Department. Updated 7 July 2022.

Questions about 2303, Murjan 3

What did unit 2303 last sell for?

AED 1,700,000 on 7 July 2022: AED 1,156 per sqft for 1,470 sqft. The unit has 4 registered sales; the first was AED 1,980,000 in November 2009.

What is the rent for unit 2303?

AED 125,000 a year on the contract renewed on 13 November 2019. The previous contract, from November 2018, was AED 125,000; the unit has been rented since September 2015.

How big is unit 2303?

1,470 sqft (136.6 sqm): a two-bedroom apartment on the 23rd floor of a 29-storey tower completed in 2007.

What is unit 2303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 3 sold for AED 2,275,000 to 2,730,000 in the last 12 months, around AED 1,667 per sqft.

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Mortgage on 2303, Murjan 3

Starts from the last sale price (AED 1.7M, 7 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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