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3-bed · 2,673 sqftMurjan 3, Jumeirah Beach Residence · 3rd floor · completed 2007

303, Murjan 3

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 25 May 2021
Last soldAED 4.27M18 March 2014
Current rentAED 150K /yr25 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Murjan 3

What is 303 worth today?

Last sold for AED 4,270,000 in 2014

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25 May 2021RentedNew contract
AED 150,000/yr12 months · AED 56 per sqft
6 May 2020RentedRenewal
AED 150,000/yr12 months · AED 56 per sqft
6 May 2019RentedRenewal
AED 170,000/yr12 months · AED 64 per sqft
6 May 2018RentedRenewal
AED 200,000/yr12 months · AED 75 per sqft
6 May 2017RentedRenewal
AED 210,000/yr12 months · AED 79 per sqft
6 May 2016RentedRenewal
AED 220,000/yr12 months · AED 82 per sqft
6 May 2015RentedNew contract
AED 220,000/yr12 months · AED 82 per sqft
1 May 2014RentedNew contract
AED 250,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 25 May 2021.

Key facts

Type
3-bed apartment
Size
2,673 sqft
Floor
3rd of 29
Parking
G070- G071
Developer
Dubai Properties
Completed
2007
Service charge
AED 39,800 /yr
Last sold
AED 4.27M · March 2014
Building
Murjan 3

About 303, Murjan 3

303 is a three-bedroom apartment of 2,673 sqft on the 3rd floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 18 March 2014 for AED 4,270,000, or AED 1,597 per sqft, in line with the AED 1,635 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 25 May 2021, is AED 150,000 a year: a gross yield of 3.5% on the 2014 price, before the service charge of about AED 39,800 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical three-bed in Murjan 3
2M3M4M2008201320182023Typical sale price by year: 2008 AED 3,925,000; 2009 AED 4,355,000; 2010 AED 2,689,155; 2011 AED 3,379,000; 2012 AED 3,029,290; 2013 AED 3,550,000; 2014 AED 3,800,000; 2015 AED 3,253,500; 2018 AED 2,750,000; 2021 AED 2,200,000; 2023 AED 3,210,000; 2024 AED 3,420,000; 2025 AED 3,900,000Sold by developer, March 2014: AED 4,270,000 (AED 1,597 per sqft)

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

Rents
Unit 303, each contractTypical three-bed in Murjan 3
200K2012201620202024Typical rent by year: 2012 AED 145,330; 2013 AED 190,000; 2014 AED 195,675; 2015 AED 200,000; 2016 AED 195,000; 2017 AED 190,000; 2018 AED 175,000; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 135,000; 2022 AED 147,000; 2023 AED 165,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 182,500New contract, May 2014: AED 250,000 a yearNew contract, May 2015: AED 220,000 a yearRenewal, May 2016: AED 220,000 a yearRenewal, May 2017: AED 210,000 a yearRenewal, May 2018: AED 200,000 a yearRenewal, May 2019: AED 170,000 a yearRenewal, May 2020: AED 150,000 a yearNew contract, May 2021: AED 150,000 a year

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

3-beds in Murjan 3, and where 303 sits

All 52 3-beds →

303 last sold in March 2014 at AED 1,597 per sqft, in line with what three-beds in Murjan 3 were fetching at the time (AED 1,635). Over the last 12 months three-beds sold for AED 3,100,000 to 3,900,000, around AED 1,444 per sqft, and rent for AED 90,000 to 245,000 a year. 303's AED 150,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
20 Jul 20263,386,205
19 Dec 20253,100,000
18 Dec 20253,900,000
17 Nov 20253,600,000
4 3-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 3rd floor

All 92 units in Murjan 3
Value
3013-bedAED 2.2M · Jun 2021
3023-bedAED 4.52M · Dec 2008
3043-bedAED 5.49M · Jan 2011

303, Murjan 3 in numbers

  • Sold once: by Dubai Properties on 18 March 2014 for AED 4,270,000, or AED 1,597 per sqft.
  • Rented since May 2014 on 8 Ejari contracts, from AED 250,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2014 price is 3.5%, before a service charge of about AED 39,800 a year (AED 14.89 per sqft).
  • Three-beds in Murjan 3 sold for AED 3,100,000–3,900,000 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 25 May 2021.

Questions about 303, Murjan 3

What did unit 303 last sell for?

AED 4,270,000 on 18 March 2014, sold by the developer: AED 1,597 per sqft for 2,673 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 150,000 a year on the contract signed on 25 May 2021. The previous contract, from May 2020, was AED 150,000; the unit has been rented since May 2014.

How big is unit 303?

2,673 sqft (248.3 sqm): a three-bedroom apartment on the 3rd floor of a 29-storey tower completed in 2007.

What is unit 303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan 3 sold for AED 3,100,000 to 3,900,000 in the last 12 months, around AED 1,444 per sqft.

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Mortgage on 303, Murjan 3

Starts from the last sale price (AED 4.27M, 18 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,270,000
Deposit, UAE resident (20%)
AED 854,000
Deposit, non-resident (40%)
AED 1,708,000
Monthly over 25 years at 3.7%
AED 17,470

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