2-bed · 1,396 sqftMurjan 5, Jumeirah Beach Residence · 6th floor · completed 2007

602, Murjan 5

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

Unit 602 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 2.16M6 February 2014
Current rentAED 75K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Murjan 5

What is 602 worth today?

Last sold for AED 2,160,000 in 2014

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1 Feb 2021RentedRenewal
AED 75,000/yr24 months · AED 54 per sqft
8 Dec 2020RentedRenewal
AED 75,000/yr2 months · AED 54 per sqft
8 Dec 2019RentedRenewal
AED 90,000/yr12 months · AED 64 per sqft
11 Feb 2018RentedRenewal
AED 49,315/yr22 months · AED 35 per sqft
11 Feb 2017RentedRenewal
AED 105,000/yr12 months · AED 75 per sqft
11 Feb 2016RentedNew contract
AED 105,000/yr12 months · AED 75 per sqft
2 Oct 2015RentedNew contract
AED 130,000/yr12 months · AED 93 per sqft
20 Feb 2014RentedNew contract
AED 130,000/yr12 months · AED 93 per sqft

Source: Dubai Land Department. Updated 1 February 2021.

Key facts

Type
2-bed apartment
Size
1,396 sqft
Floor
6th of 41
Parking
B242
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 2.16M · February 2014
Building
Murjan 5

About 602, Murjan 5

602 is a two-bedroom apartment of 1,396 sqft on the 6th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 6 February 2014 for AED 2,160,000, or AED 1,546 per sqft, 116% above the AED 716 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 75,000 a year: a gross yield of 3.5% on the 2014 price, before the service charge of about AED 20,800 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical two-bed in Murjan 5
1M2M2007201220172022Typical sale price by year: 2007 AED 599,000; 2008 AED 635,000; 2010 AED 550,000; 2024 AED 1,875,000Sold by developer, December 2013: AED 635,000 (AED 454 per sqft)Sold, February 2014: AED 2,160,000 (AED 1,546 per sqft)

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

Rents
Unit 602, each contractTypical two-bed in Murjan 5
50K100K2012201620202024Typical rent by year: 2012 AED 89,500; 2013 AED 115,000; 2014 AED 130,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 114,000; 2018 AED 100,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 75,000; 2022 AED 87,500; 2023 AED 98,000; 2024 AED 121,240; 2025 AED 126,500; 2026 AED 125,000New contract, February 2014: AED 130,000 a yearNew contract, October 2015: AED 130,000 a yearNew contract, February 2016: AED 105,000 a yearRenewal, February 2017: AED 105,000 a yearRenewal, February 2018: AED 49,315 a yearRenewal, December 2019: AED 90,000 a yearRenewal, December 2020: AED 75,000 a yearRenewal, February 2021: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murjan 5, and where 602 sits

All 28 2-beds →

602 last sold in February 2014 at AED 1,546 per sqft, 116% above what two-beds in Murjan 5 were fetching at the time (AED 716). Over the last 12 months two-beds sold for AED 1,720,000 to 1,850,000, around AED 1,278 per sqft, and rent for AED 100,000 to 155,000 a year. 602's AED 75,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20261,720,000
27 Nov 20251,850,000
29 Sep 20252,400,000
23 May 20241,890,000
2 2-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 6th floor

All 120 units in Murjan 5
Value
6012-bedAED 2.5M · Nov 2022
6033-bedAED 1.8M · Oct 2011
6043-bedAED 1.05M · Apr 2012

602, Murjan 5 in numbers

  • Sold twice: first on 29 December 2013 for AED 635,000, last on 6 February 2014 for AED 2,160,000 (AED 1,546 per sqft).
  • Rented since February 2014 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 49,315 in 2018 and recovered to AED 75,000 by February 2021.
  • At AED 75,000 a year the gross yield on the 2014 price is 3.5%, before a service charge of about AED 20,800 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 5 sold for AED 1,720,000–1,850,000 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 February 2021.

Questions about 602, Murjan 5

What did unit 602 last sell for?

AED 2,160,000 on 6 February 2014: AED 1,546 per sqft for 1,396 sqft. The unit has 2 registered sales; the first was AED 635,000 in December 2013.

What is the rent for unit 602?

AED 75,000 a year on the contract renewed on 1 February 2021. The previous contract, from December 2020, was AED 75,000; the unit has been rented since February 2014.

How big is unit 602?

1,396 sqft (129.7 sqm): a two-bedroom apartment on the 6th floor of a 41-storey tower completed in 2007.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 5 sold for AED 1,720,000 to 1,850,000 in the last 12 months, around AED 1,278 per sqft.

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Mortgage on 602, Murjan 5

Starts from the last sale price (AED 2.16M, 6 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,160,000
Deposit, UAE resident (20%)
AED 432,000
Deposit, non-resident (40%)
AED 864,000
Monthly over 25 years at 3.7%
AED 8,837

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