2-bed · 1,470 sqftMurjan 3, Jumeirah Beach Residence · 24th floor · completed 2007

2403, Murjan 3

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 2.1M24 May 2024
Current rentAED 100K /yr25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Murjan 3

What is 2403 worth today?

Last sold for AED 2,100,000 in 2024

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24 May 2024SoldReady
AED 2,100,000AED 1,428 per sqft
25 Oct 2022RentedRenewal
AED 100,000/yr12 months · AED 68 per sqft
25 Oct 2021RentedRenewal
AED 95,000/yr12 months · AED 64 per sqft
25 Oct 2020RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
25 Oct 2019RentedRenewal
AED 110,000/yr12 months · AED 75 per sqft
25 Oct 2018RentedRenewal
AED 128,000/yr12 months · AED 87 per sqft
25 Oct 2017RentedRenewal
AED 140,000/yr12 months · AED 95 per sqft
25 Oct 2016RentedNew contract
AED 145,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
2-bed apartment
Size
1,470 sqft
Floor
24th of 29
Parking
B783
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,900 /yr
Last sold
AED 2.1M · May 2024
Building
Murjan 3

About 2403, Murjan 3

2403 is a two-bedroom apartment of 1,470 sqft on the 24th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 24 May 2024 for AED 2,100,000, or AED 1,428 per sqft, 5% below the AED 1,509 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 25 October 2022, is AED 100,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 21,900 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical two-bed in Murjan 3
2M2.5M2008201320182023Typical 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, December 2008: AED 1,980,000 (AED 1,347 per sqft)Sold, June 2013: AED 2,200,000 (AED 1,497 per sqft)Sold, May 2024: AED 2,100,000 (AED 1,428 per sqft)

2403 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, 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 116,525New contract, June 2014: AED 170,000 a yearNew contract, June 2015: AED 170,000 a yearNew contract, May 2016: AED 80,000 a yearNew contract, October 2016: AED 145,000 a yearRenewal, October 2017: AED 140,000 a yearRenewal, October 2018: AED 128,000 a yearRenewal, October 2019: AED 110,000 a yearRenewal, October 2020: AED 90,000 a yearRenewal, October 2021: AED 95,000 a yearRenewal, October 2022: 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 2403 sits

All 26 2-beds →

2403 last sold in May 2024 at AED 1,428 per sqft, 5% below what two-beds in Murjan 3 were fetching at the time (AED 1,509). 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. 2403'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
24012-bedAED 3.08M · Apr 2016
24022-bedAED 2.48M · Feb 2014
24042-bedAED 2.1M · Aug 2023

2403, Murjan 3 in numbers

  • Sold 3 times: first on 29 December 2008 for AED 1,980,000, last on 24 May 2024 for AED 2,100,000 (AED 1,428 per sqft).
  • Rented since June 2014 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 80,000 in 2016 and recovered to AED 100,000 by October 2022.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.8%, 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 24 May 2024.

Questions about 2403, Murjan 3

What did unit 2403 last sell for?

AED 2,100,000 on 24 May 2024: AED 1,428 per sqft for 1,470 sqft. The unit has 3 registered sales; the first was AED 1,980,000 in December 2008.

What is the rent for unit 2403?

AED 100,000 a year on the contract renewed on 25 October 2022. The previous contract, from October 2021, was AED 95,000; the unit has been rented since June 2014.

How big is unit 2403?

1,470 sqft (136.6 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2007.

What is unit 2403 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 2403, Murjan 3

Starts from the last sale price (AED 2.1M, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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