2-bed · 1,466 sqftMurjan 3, Jumeirah Beach Residence · 24th floor · completed 2007

2401, Murjan 3

Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2401 · DLD and Ejari recordsUpdated 17 July 2021
Last soldAED 3.08M18 April 2016
Current rentAED 100K /yr17 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2401, Murjan 3

What is 2401 worth today?

Last sold for AED 3,078,600 in 2016

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17 Jul 2021RentedNew contract
AED 100,000/yr12 months · AED 68 per sqft
15 Jul 2020RentedNew contract
AED 90,000/yr12 months · AED 61 per sqft
1 Dec 2018RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
1 Aug 2017RentedNew contract
AED 150,000/yr12 months · AED 102 per sqft
18 Apr 2016Sold by developerReady
AED 3,078,600AED 2,099 per sqft
20 Oct 2011RentedNew contract
AED 60,000/yr60 months · AED 41 per sqft

Source: Dubai Land Department. Updated 17 July 2021.

Key facts

Type
2-bed apartment
Size
1,466 sqft
Floor
24th of 29
Parking
B763
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 3.08M · April 2016
Building
Murjan 3

About 2401, Murjan 3

2401 is a two-bedroom apartment of 1,466 sqft on the 24th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 18 April 2016 for AED 3,078,600, or AED 2,099 per sqft, 33% above the AED 1,582 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 5 Ejari contracts. The current contract, signed on 17 July 2021, is AED 100,000 a year: a gross yield of 3.3% on the 2016 price, before the service charge of about AED 21,800 a year.

Sales and rents for 2401 over time

Sales
Unit 2401, each saleTypical two-bed in Murjan 3
2M3M2008201320182023Typical 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, April 2016: AED 3,078,600 (AED 2,099 per sqft)

2401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2401, each contractTypical two-bed in Murjan 3
50K100K150K20112015201920232027Typical 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 116,525New contract, October 2011: AED 60,000 a yearNew contract, August 2017: AED 150,000 a yearNew contract, December 2018: AED 125,000 a yearNew contract, July 2020: AED 90,000 a yearNew contract, July 2021: AED 100,000 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 2401 sits

All 26 2-beds →

2401 last sold in April 2016 at AED 2,099 per sqft, 33% above what two-beds in Murjan 3 were fetching at the time (AED 1,582). 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. 2401's AED 100,000 is at the bottom 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 24th floor

All 92 units in Murjan 3
Value
24022-bedAED 2.48M · Feb 2014
24032-bedAED 2.1M · May 2024
24042-bedAED 2.1M · Aug 2023

2401, Murjan 3 in numbers

  • Sold once: by Dubai Properties on 18 April 2016 for AED 3,078,600, or AED 2,099 per sqft.
  • Rented since October 2011 on 5 Ejari contracts, from AED 60,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2016 price is 3.3%, before a service charge of about AED 21,800 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 17 July 2021.

Questions about 2401, Murjan 3

What did unit 2401 last sell for?

AED 3,078,600 on 18 April 2016, sold by the developer: AED 2,099 per sqft for 1,466 sqft. It is the only registered sale of the unit.

What is the rent for unit 2401?

AED 100,000 a year on the contract signed on 17 July 2021. The previous contract, from July 2020, was AED 90,000; the unit has been rented since October 2011.

How big is unit 2401?

1,466 sqft (136.2 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2007.

What is unit 2401 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 2401, Murjan 3

Starts from the last sale price (AED 3.08M, 18 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,078,600
Deposit, UAE resident (20%)
AED 615,720
Deposit, non-resident (40%)
AED 1,231,440
Monthly over 25 years at 3.7%
AED 12,596

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