1603, Murjan 5
Sold prices and rental history: sold 5 times, last in November 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Murjan 5
What is 1603 worth today?
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Source: Dubai Land Department. Updated 21 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,882 sqft
- Floor
- 16th of 41
- Parking
- B276-277
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 28,000 /yr
- Last sold
- AED 2.9M · November 2024
- Building
- Murjan 5
About 1603, Murjan 5
1603 is a three-bedroom apartment of 1,882 sqft on the 16th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 21 November 2024 for AED 2,900,000, or AED 1,540 per sqft, 10% above the AED 1,401 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 27 August 2017, is AED 170,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 28,000 a year.
Sales and rents for 1603 over time
1603 has sold 5 times; the dashed line is the three-bed median of each year in the building.
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 1603 sits
All 60 3-beds →1603 last sold in November 2024 at AED 1,540 per sqft, 10% above what three-beds in Murjan 5 were fetching at the time (AED 1,401). 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. 1603's AED 170,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Aug 202627 August 2026 | 1,882 sqft | 2,775,000 | 1,474 | ||
| 6 Jun 20266 June 2026 | 1,882 sqft | 2,730,000 | 1,450 | ||
| 11 May 202611 May 2026 | 1,882 sqft | 2,525,000 | 1,341 | ||
| 19 Feb 202619 February 2026 | 1,882 sqft | 2,550,118 | 1,354 |
Murjan 5
Building120 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%
Other units on the 16th floor
All 120 units in Murjan 51603, Murjan 5 in numbers
- Sold 5 times: first on 2 September 2007 for AED 699,000, last on 21 November 2024 for AED 2,900,000 (AED 1,540 per sqft).
- Rented since January 2013 on 5 Ejari contracts, from AED 150,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2024 price is 5.9%, 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 21 November 2024.
Questions about 1603, Murjan 5
What did unit 1603 last sell for?
AED 2,900,000 on 21 November 2024: AED 1,540 per sqft for 1,882 sqft. The unit has 5 registered sales; the first was AED 699,000 in September 2007.
What is the rent for unit 1603?
AED 170,000 a year on the contract renewed on 27 August 2017. The previous contract, from August 2016, was AED 175,000; the unit has been rented since January 2013.
How big is unit 1603?
1,882 sqft (174.8 sqm): a three-bedroom apartment on the 16th floor of a 41-storey tower completed in 2007.
What is unit 1603 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 1603, Murjan 5
Starts from the last sale price (AED 2.9M, 21 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →