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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 24th floor · completed 2007

2402, Murjan 5

Sold prices and rental history: sold 3 times, last in January 2012, and rented once, from October 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 1 October 2012
Last soldAED 1.74M29 January 2012
Current rentAED 115K /yr1 October 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, Murjan 5

What is 2402 worth today?

Last sold for AED 1,740,000 in 2012

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1 Oct 2012RentedNew contract
AED 115,000/yr12 months · AED 61 per sqft
29 Jan 2012SoldReady
AED 1,740,000AED 924 per sqft
6 Apr 2011SoldReady
AED 1,427,755AED 758 per sqft
13 May 2008Sold by developerReady
AED 699,000AED 371 per sqft

Source: Dubai Land Department. Updated 1 October 2012.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
24th of 41
Parking
B416-417
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 1.74M · January 2012
Building
Murjan 5

About 2402, Murjan 5

2402 is a three-bedroom apartment of 1,882 sqft on the 24th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 29 January 2012 for AED 1,740,000, or AED 924 per sqft, 12% above the AED 828 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2012. The current contract, signed on 1 October 2012, is AED 115,000 a year: a gross yield of 6.6% on the 2012 price, before the service charge of about AED 28,000 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, May 2008: AED 699,000 (AED 371 per sqft)Sold, April 2011: AED 1,427,755 (AED 758 per sqft)Sold, January 2012: AED 1,740,000 (AED 924 per sqft)

2402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2402, 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, October 2012: AED 115,000 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 2402 sits

All 60 3-beds →

2402 last sold in January 2012 at AED 924 per sqft, 12% above what three-beds in Murjan 5 were fetching at the time (AED 828). 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. 2402's AED 115,000 is at the bottom 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 24th floor

All 120 units in Murjan 5
Value
24014-bedAED 2.98M · Apr 2018
24033-bedAED 1.5M · Mar 2021

2402, Murjan 5 in numbers

  • Sold 3 times: first on 13 May 2008 for AED 699,000, last on 29 January 2012 for AED 1,740,000 (AED 924 per sqft).
  • Rented since October 2012 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2012 price is 6.6%, 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 October 2012.

Questions about 2402, Murjan 5

What did unit 2402 last sell for?

AED 1,740,000 on 29 January 2012: AED 924 per sqft for 1,882 sqft. The unit has 3 registered sales; the first was AED 699,000 in May 2008.

What is the rent for unit 2402?

AED 115,000 a year on the contract signed on 1 October 2012.

How big is unit 2402?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 24th floor of a 41-storey tower completed in 2007.

What is unit 2402 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 2402, Murjan 5

Starts from the last sale price (AED 1.74M, 29 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,740,000
Deposit, UAE resident (20%)
AED 348,000
Deposit, non-resident (40%)
AED 696,000
Monthly over 25 years at 3.7%
AED 7,119

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