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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 14th floor · completed 2007

1403, Murjan 5

Sold prices and rental history: sold 4 times, last in June 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 1 November 2018
Last soldAED 2.43M15 June 2017
Current rentAED 140K /yr1 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1403, Murjan 5

What is 1403 worth today?

Last sold for AED 2,425,000 in 2017

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1 Nov 2018RentedRenewal
AED 140,000/yr12 months · AED 74 per sqft
1 Nov 2017RentedNew contract
AED 150,000/yr12 months · AED 80 per sqft
15 Jun 2017SoldReady
AED 2,425,000AED 1,288 per sqft
18 Apr 2017SoldReady
AED 2,025,000AED 1,075 per sqft
28 Feb 2008SoldReady
AED 2,600,000AED 1,381 per sqft
24 Jan 2008Sold by developerReady
AED 699,000AED 371 per sqft

Source: Dubai Land Department. Updated 1 November 2018.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
14th of 41
Parking
B260-261
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 2.43M · June 2017
Building
Murjan 5

About 1403, Murjan 5

1403 is a three-bedroom apartment of 1,882 sqft on the 14th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 June 2017 for AED 2,425,000, or AED 1,288 per sqft.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 November 2018, is AED 140,000 a year: a gross yield of 5.8% on the 2017 price, before the service charge of about AED 28,000 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical three-bed in Murjan 5
2M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,795,500; 2010 AED 1,560,000; 2011 AED 1,625,000; 2012 AED 1,585,000; 2013 AED 699,000; 2014 AED 875,000; 2017 AED 2,330,000; 2019 AED 1,600,000; 2020 AED 1,315,000; 2021 AED 1,734,338; 2022 AED 2,000,000; 2023 AED 2,500,000; 2024 AED 2,525,000; 2025 AED 3,000,000; 2026 AED 2,640,059Sold by developer, January 2008: AED 699,000 (AED 371 per sqft)Sold, February 2008: AED 2,600,000 (AED 1,381 per sqft)Sold, April 2017: AED 2,025,000 (AED 1,075 per sqft)Sold, June 2017: AED 2,425,000 (AED 1,288 per sqft)

1403 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1403, each contractTypical three-bed in Murjan 5
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 139,500; 2014 AED 155,000; 2015 AED 170,000; 2016 AED 166,596; 2017 AED 160,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 95,000; 2022 AED 115,000; 2023 AED 145,000; 2024 AED 165,250; 2025 AED 170,000; 2026 AED 167,500New contract, November 2017: AED 150,000 a yearRenewal, November 2018: AED 140,000 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 5, and where 1403 sits

All 60 3-beds →

Over the last 12 months three-beds sold for AED 2,525,000 to 2,775,000, around AED 1,402 per sqft, and rent for AED 125,000 to 300,000 a year. 1403's AED 140,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Aug 20262,775,000
6 Jun 20262,730,000
11 May 20262,525,000
19 Feb 20262,550,118
4 3-bed sales in the last 12 months

Murjan 5

Building

120 apartments, 2-bed to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 7 sold in the last 12 months.

Typical price per sqft
AED 1,354
Typical sale
AED 2.55M
Typical rent
AED 168K /yr
Typical yield
6.6%
Murjan 5, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 14th floor

All 120 units in Murjan 5
Value
14012-bedAED 1.59M · Jun 2023
14022-bedAED 1.43M · Nov 2018
14043-bedAED 2.4M · Jun 2013

1403, Murjan 5 in numbers

  • Sold 4 times: first on 24 January 2008 for AED 699,000, last on 15 June 2017 for AED 2,425,000 (AED 1,288 per sqft).
  • Rented since November 2017 on 2 Ejari contracts, from AED 150,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 5.8%, before a service charge of about AED 28,000 a year (AED 14.89 per sqft).
  • Three-beds in Murjan 5 sold for AED 2,525,000–2,775,000 in the 12 months to November 2026; the building's median across all types is AED 1,354 per sqft.

Source: Dubai Land Department. Updated 1 November 2018.

Questions about 1403, Murjan 5

What did unit 1403 last sell for?

AED 2,425,000 on 15 June 2017: AED 1,288 per sqft for 1,882 sqft. The unit has 4 registered sales; the first was AED 699,000 in January 2008.

What is the rent for unit 1403?

AED 140,000 a year on the contract renewed on 1 November 2018. The previous contract, from November 2017, was AED 150,000.

How big is unit 1403?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 14th floor of a 41-storey tower completed in 2007.

What is unit 1403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan 5 sold for AED 2,525,000 to 2,775,000 in the last 12 months, around AED 1,402 per sqft.

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Mortgage on 1403, Murjan 5

Starts from the last sale price (AED 2.43M, 15 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,425,000
Deposit, UAE resident (20%)
AED 485,000
Deposit, non-resident (40%)
AED 970,000
Monthly over 25 years at 3.7%
AED 9,921

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