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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 22nd floor · completed 2007

2203, Murjan 5

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 22 April 2024
Last soldAED 2.5M22 April 2024
Current rentAED 128K /yr28 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2203, Murjan 5

What is 2203 worth today?

Last sold for AED 2,500,000 in 2024

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22 Apr 2024SoldReady
AED 2,500,000AED 1,328 per sqft
28 Oct 2023RentedRenewal
AED 128,260/yr12 months · AED 68 per sqft
28 Oct 2022RentedRenewal
AED 116,600/yr12 months · AED 62 per sqft
28 Oct 2021RentedRenewal
AED 106,000/yr12 months · AED 56 per sqft
28 Oct 2020RentedRenewal
AED 92,500/yr12 months · AED 49 per sqft
28 Oct 2019RentedNew contract
AED 115,000/yr12 months · AED 61 per sqft
28 Jun 2018RentedRenewal
AED 160,000/yr12 months · AED 85 per sqft
28 Jun 2017RentedRenewal
AED 160,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 22 April 2024.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
22nd of 41
Parking
B385-386
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 2.5M · April 2024
Building
Murjan 5

About 2203, Murjan 5

2203 is a three-bedroom apartment of 1,882 sqft on the 22nd floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 22 April 2024 for AED 2,500,000, or AED 1,328 per sqft, in line with the AED 1,341 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 28 October 2023, is AED 128,260 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 28,000 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, 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, July 2013: AED 699,000 (AED 371 per sqft)Sold, October 2013: AED 2,800,000 (AED 1,487 per sqft)Sold, April 2024: AED 2,500,000 (AED 1,328 per sqft)

2203 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2203, 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, June 2013: AED 130,000 a yearNew contract, June 2014: AED 150,000 a yearNew contract, June 2016: AED 160,000 a yearRenewal, June 2017: AED 160,000 a yearRenewal, June 2018: AED 160,000 a yearNew contract, October 2019: AED 115,000 a yearRenewal, October 2020: AED 92,500 a yearRenewal, October 2021: AED 106,000 a yearRenewal, October 2022: AED 116,600 a yearRenewal, October 2023: AED 128,260 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 2203 sits

All 60 3-beds →

2203 last sold in April 2024 at AED 1,328 per sqft, in line with what three-beds in Murjan 5 were fetching at the time (AED 1,341). 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. 2203's AED 128,260 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 22nd floor

All 120 units in Murjan 5
Value
22014-bedAED 4.1M · Feb 2023
22023-bedAED 2.53M · Feb 2024

2203, Murjan 5 in numbers

  • Sold 3 times: first on 15 July 2013 for AED 699,000, last on 22 April 2024 for AED 2,500,000 (AED 1,328 per sqft).
  • Rented since June 2013 on 10 Ejari contracts. The rent fell from AED 130,000 to AED 92,500 in 2020 and recovered to AED 128,260 by October 2023.
  • At AED 128,260 a year the gross yield on the 2024 price is 5.1%, 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 22 April 2024.

Questions about 2203, Murjan 5

What did unit 2203 last sell for?

AED 2,500,000 on 22 April 2024: AED 1,328 per sqft for 1,882 sqft. The unit has 3 registered sales; the first was AED 699,000 in July 2013.

What is the rent for unit 2203?

AED 128,260 a year on the contract renewed on 28 October 2023. The previous contract, from October 2022, was AED 116,600; the unit has been rented since June 2013.

How big is unit 2203?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 22nd floor of a 41-storey tower completed in 2007.

What is unit 2203 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 2203, Murjan 5

Starts from the last sale price (AED 2.5M, 22 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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