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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 31st floor · completed 2007

3103, Murjan 5

Sold prices and rental history: sold twice, last in May 2014, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 21 September 2016
Last soldAED 3.07M20 May 2014
Current rentAED 185K /yr21 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3103, Murjan 5

What is 3103 worth today?

Last sold for AED 3,070,000 in 2014

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21 Sep 2016RentedNew contract
AED 185,000/yr12 months · AED 98 per sqft
1 May 2015RentedNew contract
AED 190,000/yr12 months · AED 101 per sqft
20 May 2014SoldReady
AED 3,070,000AED 1,630 per sqft
19 Mar 2014RentedNew contract
AED 165,000/yr12 months · AED 88 per sqft
8 Jan 2008Sold by developerReady
AED 349,500AED 185 per sqft

Source: Dubai Land Department. Updated 21 September 2016.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
31st of 41
Parking
M224-225
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 3.07M · May 2014
Building
Murjan 5

About 3103, Murjan 5

3103 is a three-bedroom apartment of 1,882 sqft on the 31st floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 20 May 2014 for AED 3,070,000, or AED 1,630 per sqft, 86% above the AED 876 three-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 21 September 2016, is AED 185,000 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 28,000 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, each saleTypical three-bed in Murjan 5
02M20072012201720222027Typical 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 349,500 (AED 185 per sqft)Sold, May 2014: AED 3,070,000 (AED 1,630 per sqft)

3103 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3103, each contractTypical three-bed in Murjan 5
100K150K200K2012201620202024Typical 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, March 2014: AED 165,000 a yearNew contract, May 2015: AED 190,000 a yearNew contract, September 2016: AED 185,000 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 3103 sits

All 60 3-beds →

3103 last sold in May 2014 at AED 1,630 per sqft, 86% above what three-beds in Murjan 5 were fetching at the time (AED 876). 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. 3103's AED 185,000 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 31st floor

All 120 units in Murjan 5
Value
31014-bedAED 2.8M · Oct 2012
31023-bedAED 699K · Jan 2008

3103, Murjan 5 in numbers

  • Sold twice: first on 8 January 2008 for AED 349,500, last on 20 May 2014 for AED 3,070,000 (AED 1,630 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 165,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2014 price is 6.0%, 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 September 2016.

Questions about 3103, Murjan 5

What did unit 3103 last sell for?

AED 3,070,000 on 20 May 2014: AED 1,630 per sqft for 1,882 sqft. The unit has 2 registered sales; the first was AED 349,500 in January 2008.

What is the rent for unit 3103?

AED 185,000 a year on the contract signed on 21 September 2016. The previous contract, from May 2015, was AED 190,000; the unit has been rented since March 2014.

How big is unit 3103?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 31st floor of a 41-storey tower completed in 2007.

What is unit 3103 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 3103, Murjan 5

Starts from the last sale price (AED 3.07M, 20 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,070,000
Deposit, UAE resident (20%)
AED 614,000
Deposit, non-resident (40%)
AED 1,228,000
Monthly over 25 years at 3.7%
AED 12,560

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