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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 29th floor · completed 2007

2902, Murjan 5

Sold prices and rental history: sold 3 times, last in September 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2902 · DLD and Ejari recordsUpdated 30 September 2019
Last soldAED 1.6M30 September 2019
Current rentAED 145K /yr1 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2902, Murjan 5

What is 2902 worth today?

Last sold for AED 1,600,000 in 2019

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30 Sep 2019SoldReady
AED 1,600,000AED 850 per sqft
1 Aug 2018RentedRenewal
AED 145,000/yr12 months · AED 77 per sqft
1 Aug 2017RentedNew contract
AED 160,000/yr12 months · AED 85 per sqft
23 Sep 2016RentedNew contract
AED 155,000/yr12 months · AED 82 per sqft
21 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 90 per sqft
30 Oct 2008SoldReady
AED 3,430,610AED 1,822 per sqft
27 May 2008Sold by developerReady
AED 699,000AED 371 per sqft

Source: Dubai Land Department. Updated 30 September 2019.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
29th of 41
Parking
M220-221
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 1.6M · September 2019
Building
Murjan 5

About 2902, Murjan 5

2902 is a three-bedroom apartment of 1,882 sqft on the 29th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 September 2019 for AED 1,600,000, or AED 850 per sqft, in line with the AED 850 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 1 August 2018, is AED 145,000 a year: a gross yield of 9.1% on the 2019 price, before the service charge of about AED 28,000 a year.

Sales and rents for 2902 over time

Sales
Unit 2902, 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, October 2008: AED 3,430,610 (AED 1,822 per sqft)Sold, September 2019: AED 1,600,000 (AED 850 per sqft)

2902 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2902, 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, July 2015: AED 170,000 a yearNew contract, September 2016: AED 155,000 a yearNew contract, August 2017: AED 160,000 a yearRenewal, August 2018: AED 145,000 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 2902 sits

All 60 3-beds →

2902 last sold in September 2019 at AED 850 per sqft, in line with what three-beds in Murjan 5 were fetching at the time (AED 850). 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. 2902's AED 145,000 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 29th floor

All 120 units in Murjan 5
Value
29014-bedAED 2.47M · Mar 2022
29033-bedAED 699K · Jan 2013

2902, Murjan 5 in numbers

  • Sold 3 times: first on 27 May 2008 for AED 699,000, last on 30 September 2019 for AED 1,600,000 (AED 850 per sqft).
  • Rented since July 2015 on 4 Ejari contracts, from AED 170,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2019 price is 9.1%, 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 30 September 2019.

Questions about 2902, Murjan 5

What did unit 2902 last sell for?

AED 1,600,000 on 30 September 2019: AED 850 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 2902?

AED 145,000 a year on the contract renewed on 1 August 2018. The previous contract, from August 2017, was AED 160,000; the unit has been rented since July 2015.

How big is unit 2902?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 29th floor of a 41-storey tower completed in 2007.

What is unit 2902 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 2902, Murjan 5

Starts from the last sale price (AED 1.6M, 30 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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