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3-bed · 2,170 sqftMurjan 3, Jumeirah Beach Residence · 7th floor · completed 2007

702, Murjan 3

Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 28 July 2022
Last soldAED 2.7M9 May 2018
Current rentAED 170K /yr28 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Murjan 3

What is 702 worth today?

Last sold for AED 2,700,000 in 2018

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28 Jul 2022RentedNew contract
AED 170,000/yr12 months · AED 78 per sqft
25 Aug 2021RentedRenewal
AED 147,000/yr12 months · AED 68 per sqft
25 Aug 2020RentedNew contract
AED 135,000/yr12 months · AED 62 per sqft
1 Jun 2019RentedRenewal
AED 160,000/yr12 months · AED 74 per sqft
1 Jun 2018RentedNew contract
AED 165,000/yr12 months · AED 76 per sqft
9 May 2018SoldReady
AED 2,700,000AED 1,244 per sqft
28 Nov 2017Sold by developerReady
AED 3,550,000AED 1,635 per sqft

Source: Dubai Land Department. Updated 28 July 2022.

Key facts

Type
3-bed apartment
Size
2,170 sqft
Floor
7th of 29
Parking
B493- B494
Developer
Dubai Properties
Completed
2007
Service charge
AED 32,300 /yr
Last sold
AED 2.7M · May 2018
Building
Murjan 3

About 702, Murjan 3

702 is a three-bedroom apartment of 2,170 sqft on the 7th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 May 2018 for AED 2,700,000, or AED 1,244 per sqft.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 28 July 2022, is AED 170,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 32,300 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, November 2017: AED 3,550,000 (AED 1,635 per sqft)Sold, May 2018: AED 2,700,000 (AED 1,244 per sqft)

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

Rents
Unit 702, each contractTypical three-bed in Murjan 3
150K200K2012201620202024Typical 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, June 2018: AED 165,000 a yearRenewal, June 2019: AED 160,000 a yearNew contract, August 2020: AED 135,000 a yearRenewal, August 2021: AED 147,000 a yearNew contract, July 2022: AED 170,000 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 702 sits

All 52 3-beds →

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. 702's AED 170,000 is in the upper 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 7th floor

All 92 units in Murjan 3
Value
7013-bedAED 3.55M · Jan 2009
7033-bedAED 2.2M · Oct 2019
7043-bedAED 3.5M · Feb 2024

702, Murjan 3 in numbers

  • Sold twice: first on 28 November 2017 for AED 3,550,000, last on 9 May 2018 for AED 2,700,000 (AED 1,244 per sqft).
  • Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 165,000 to AED 135,000 in 2020 and recovered to AED 170,000 by July 2022.
  • At AED 170,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 32,300 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 28 July 2022.

Questions about 702, Murjan 3

What did unit 702 last sell for?

AED 2,700,000 on 9 May 2018: AED 1,244 per sqft for 2,170 sqft. The unit has 2 registered sales; the first was AED 3,550,000 in November 2017.

What is the rent for unit 702?

AED 170,000 a year on the contract signed on 28 July 2022. The previous contract, from August 2021, was AED 147,000; the unit has been rented since June 2018.

How big is unit 702?

2,170 sqft (201.6 sqm): a three-bedroom apartment on the 7th floor of a 29-storey tower completed in 2007.

What is unit 702 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 702, Murjan 3

Starts from the last sale price (AED 2.7M, 9 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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