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

704, Murjan 3

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 12 February 2024
Last soldAED 3.5M12 February 2024
Current rentAED 163K /yr15 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Murjan 3

What is 704 worth today?

Last sold for AED 3,500,000 in 2024

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12 Feb 2024SoldReady
AED 3,500,000AED 1,309 per sqft
15 Aug 2023RentedRenewal
AED 163,170/yr12 months · AED 61 per sqft
15 Aug 2022RentedNew contract
AED 155,400/yr12 months · AED 58 per sqft
15 Aug 2021RentedNew contract
AED 148,000/yr12 months · AED 55 per sqft
15 Nov 2020RentedRenewal
AED 136,000/yr12 months · AED 51 per sqft
15 Nov 2019RentedNew contract
AED 160,000/yr12 months · AED 60 per sqft
1 Sep 2018RentedRenewal
AED 185,000/yr12 months · AED 69 per sqft
1 Sep 2017RentedRenewal
AED 185,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 12 February 2024.

Key facts

Type
3-bed apartment
Size
2,673 sqft
Floor
7th of 29
Parking
B478- B479
Developer
Dubai Properties
Completed
2007
Service charge
AED 39,800 /yr
Last sold
AED 3.5M · February 2024
Building
Murjan 3

About 704, Murjan 3

704 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 12 February 2024 for AED 3,500,000, or AED 1,309 per sqft, 11% below the AED 1,479 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 15 August 2023, is AED 163,170 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 39,800 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, February 2010: AED 2,689,155 (AED 1,006 per sqft)Sold, February 2024: AED 3,500,000 (AED 1,309 per sqft)

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

Rents
Unit 704, 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, February 2013: AED 165,000 a yearNew contract, July 2013: AED 210,000 a yearRenewal, July 2014: AED 210,000 a yearNew contract, October 2015: AED 225,000 a yearNew contract, September 2016: AED 205,000 a yearRenewal, September 2017: AED 185,000 a yearRenewal, September 2018: AED 185,000 a yearNew contract, November 2019: AED 160,000 a yearRenewal, November 2020: AED 136,000 a yearNew contract, August 2021: AED 148,000 a yearNew contract, August 2022: AED 155,400 a yearRenewal, August 2023: AED 163,170 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 704 sits

All 52 3-beds →

704 last sold in February 2024 at AED 1,309 per sqft, 11% below what three-beds in Murjan 3 were fetching at the time (AED 1,479). 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. 704's AED 163,170 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
7033-bedAED 2.2M · Oct 2019

704, Murjan 3 in numbers

  • Sold twice: first on 25 February 2010 for AED 2,689,155, last on 12 February 2024 for AED 3,500,000 (AED 1,309 per sqft).
  • Rented since February 2013 on 12 Ejari contracts. The rent fell from AED 165,000 to AED 136,000 in 2020 and recovered to AED 163,170 by August 2023.
  • At AED 163,170 a year the gross yield on the 2024 price is 4.7%, 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 12 February 2024.

Questions about 704, Murjan 3

What did unit 704 last sell for?

AED 3,500,000 on 12 February 2024: AED 1,309 per sqft for 2,673 sqft. The unit has 2 registered sales; the first was AED 2,689,155 in February 2010.

What is the rent for unit 704?

AED 163,170 a year on the contract renewed on 15 August 2023. The previous contract, from August 2022, was AED 155,400; the unit has been rented since February 2013.

How big is unit 704?

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 704 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 704, Murjan 3

Starts from the last sale price (AED 3.5M, 12 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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