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

503, Murjan 5

Sold prices and rental history: sold 4 times, last in November 2022, and rented once, from September 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 3 November 2022
Last soldAED 1.93M3 November 2022
Current rentAED 132K /yr24 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Murjan 5

What is 503 worth today?

Last sold for AED 1,930,000 in 2022

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3 Nov 2022SoldReady
AED 1,930,000AED 1,025 per sqft
7 Jun 2016SoldReady
AED 2,100,000AED 1,115 per sqft
24 Sep 2013RentedNew contract
AED 132,000/yr12 months · AED 70 per sqft
6 May 2009SoldReady
AED 1,650,000AED 876 per sqft
8 Jan 2009Sold by developerReady
AED 699,000AED 371 per sqft

Source: Dubai Land Department. Updated 3 November 2022.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
5th of 41
Parking
G009-010
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 1.93M · November 2022
Building
Murjan 5

About 503, Murjan 5

503 is a three-bedroom apartment of 1,882 sqft on the 5th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 3 November 2022 for AED 1,930,000, or AED 1,025 per sqft, 3% below the AED 1,062 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 September 2013. The current contract, signed on 24 September 2013, is AED 132,000 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 28,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, January 2009: AED 699,000 (AED 371 per sqft)Sold, May 2009: AED 1,650,000 (AED 876 per sqft)Sold, June 2016: AED 2,100,000 (AED 1,115 per sqft)Sold, November 2022: AED 1,930,000 (AED 1,025 per sqft)

503 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 503, 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, September 2013: AED 132,000 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 503 sits

All 60 3-beds →

503 last sold in November 2022 at AED 1,025 per sqft, 3% below what three-beds in Murjan 5 were fetching at the time (AED 1,062). 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. 503's AED 132,000 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 5th floor

All 120 units in Murjan 5
Value
5012-bedAED 1.14M · Feb 2021
5022-bedAED 1.5M · Feb 2024
5043-bedAED 699K · Apr 2008

503, Murjan 5 in numbers

  • Sold 4 times: first on 8 January 2009 for AED 699,000, last on 3 November 2022 for AED 1,930,000 (AED 1,025 per sqft).
  • Rented since September 2013 on one Ejari contract, at AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2022 price is 6.8%, 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 3 November 2022.

Questions about 503, Murjan 5

What did unit 503 last sell for?

AED 1,930,000 on 3 November 2022: AED 1,025 per sqft for 1,882 sqft. The unit has 4 registered sales; the first was AED 699,000 in January 2009.

What is the rent for unit 503?

AED 132,000 a year on the contract signed on 24 September 2013.

How big is unit 503?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 5th floor of a 41-storey tower completed in 2007.

What is unit 503 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 503, Murjan 5

Starts from the last sale price (AED 1.93M, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,930,000
Deposit, UAE resident (20%)
AED 386,000
Deposit, non-resident (40%)
AED 772,000
Monthly over 25 years at 3.7%
AED 7,896

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