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3-bed · 2,673 sqftMurjan 3, Jumeirah Beach Residence · 7th floor · completed 2007

703, Murjan 3

Sold prices and rental history: sold twice, last in October 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 15 May 2021
Last soldAED 2.2M3 October 2019
Current rentAED 135K /yr15 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Murjan 3

What is 703 worth today?

Last sold for AED 2,200,000 in 2019

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15 May 2021RentedNew contract
AED 135,000/yr12 months · AED 51 per sqft
1 Mar 2021RentedNew contract
AED 135,000/yr12 months · AED 51 per sqft
15 Jan 2020RentedNew contract
AED 140,000/yr12 months · AED 52 per sqft
3 Oct 2019SoldReady
AED 2,200,000AED 823 per sqft
16 Oct 2008Sold by developerReady
AED 4,355,000AED 1,629 per sqft

Source: Dubai Land Department. Updated 15 May 2021.

Key facts

Type
3-bed apartment
Size
2,673 sqft
Floor
7th of 29
Parking
G090-G091
Developer
Dubai Properties
Completed
2007
Service charge
AED 39,800 /yr
Last sold
AED 2.2M · October 2019
Building
Murjan 3

About 703, Murjan 3

703 is a three-bedroom apartment of 2,673 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 3 October 2019 for AED 2,200,000, or AED 823 per sqft, 36% below the AED 1,290 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 May 2021, is AED 135,000 a year: a gross yield of 6.1% on the 2019 price, before the service charge of about AED 39,800 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, October 2008: AED 4,355,000 (AED 1,629 per sqft)Sold, October 2019: AED 2,200,000 (AED 823 per sqft)

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

Rents
Unit 703, 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, January 2020: AED 140,000 a yearNew contract, March 2021: AED 135,000 a yearNew contract, May 2021: AED 135,000 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 703 sits

All 52 3-beds →

703 last sold in October 2019 at AED 823 per sqft, 36% below what three-beds in Murjan 3 were fetching at the time (AED 1,290). 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. 703's AED 135,000 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 7th floor

All 92 units in Murjan 3
Value
7013-bedAED 3.55M · Jan 2009
7023-bedAED 2.7M · May 2018
7043-bedAED 3.5M · Feb 2024

703, Murjan 3 in numbers

  • Sold twice: first on 16 October 2008 for AED 4,355,000, last on 3 October 2019 for AED 2,200,000 (AED 823 per sqft).
  • Rented since January 2020 on 3 Ejari contracts, from AED 140,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2019 price is 6.1%, 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 15 May 2021.

Questions about 703, Murjan 3

What did unit 703 last sell for?

AED 2,200,000 on 3 October 2019: AED 823 per sqft for 2,673 sqft. The unit has 2 registered sales; the first was AED 4,355,000 in October 2008.

What is the rent for unit 703?

AED 135,000 a year on the contract signed on 15 May 2021. The previous contract, from March 2021, was AED 135,000; the unit has been rented since January 2020.

How big is unit 703?

2,673 sqft (248.3 sqm): a three-bedroom apartment on the 7th floor of a 29-storey tower completed in 2007.

What is unit 703 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 703, Murjan 3

Starts from the last sale price (AED 2.2M, 3 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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