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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 6th floor · completed 2007

603, Murjan 5

Sold prices and rental history: sold 3 times, last in October 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 1.8M30 October 2011
Current rentAED 155K /yr2 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Murjan 5

What is 603 worth today?

Last sold for AED 1,800,000 in 2011

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2 Aug 2024RentedRenewal
AED 155,000/yr12 months · AED 83 per sqft
2 Aug 2023RentedRenewal
AED 155,000/yr12 months · AED 83 per sqft
2 Aug 2022RentedNew contract
AED 155,000/yr12 months · AED 82 per sqft
1 Jul 2021RentedRenewal
AED 103,500/yr12 months · AED 55 per sqft
1 Jul 2020RentedNew contract
AED 90,000/yr12 months · AED 48 per sqft
16 Apr 2018RentedNew contract
AED 120,000/yr12 months · AED 64 per sqft
22 Jan 2017RentedRenewal
AED 150,000/yr12 months · AED 80 per sqft
22 Jan 2016RentedRenewal
AED 170,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 2 August 2024.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
6th of 41
Parking
G007-008
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 1.8M · October 2011
Building
Murjan 5

About 603, Murjan 5

603 is a three-bedroom apartment of 1,882 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 30 October 2011 for AED 1,800,000, or AED 956 per sqft, 11% above the AED 863 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 2 August 2024, is AED 155,000 a year: a gross yield of 8.6% on the 2011 price, before the service charge of about AED 28,000 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, November 2007: AED 699,000 (AED 371 per sqft)Sold, January 2008: AED 1,976,413 (AED 1,050 per sqft)Sold, October 2011: AED 1,800,000 (AED 956 per sqft)

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

Rents
Unit 603, 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, January 2013: AED 170,000 a yearNew contract, January 2014: AED 169,091 a yearNew contract, January 2015: AED 170,000 a yearRenewal, January 2016: AED 170,000 a yearRenewal, January 2017: AED 150,000 a yearNew contract, April 2018: AED 120,000 a yearNew contract, July 2020: AED 90,000 a yearRenewal, July 2021: AED 103,500 a yearNew contract, August 2022: AED 155,000 a yearRenewal, August 2023: AED 155,000 a yearRenewal, August 2024: AED 155,000 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 603 sits

All 60 3-beds →

603 last sold in October 2011 at AED 956 per sqft, 11% above what three-beds in Murjan 5 were fetching at the time (AED 863). 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. 603's AED 155,000 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 6th floor

All 120 units in Murjan 5
Value
6012-bedAED 2.5M · Nov 2022
6022-bedAED 2.16M · Feb 2014
6043-bedAED 1.05M · Apr 2012

603, Murjan 5 in numbers

  • Sold 3 times: first on 1 November 2007 for AED 699,000, last on 30 October 2011 for AED 1,800,000 (AED 956 per sqft).
  • Rented since January 2013 on 11 Ejari contracts. The rent fell from AED 170,000 to AED 90,000 in 2020 and recovered to AED 155,000 by August 2024.
  • At AED 155,000 a year the gross yield on the 2011 price is 8.6%, 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 2 August 2024.

Questions about 603, Murjan 5

What did unit 603 last sell for?

AED 1,800,000 on 30 October 2011: AED 956 per sqft for 1,882 sqft. The unit has 3 registered sales; the first was AED 699,000 in November 2007.

What is the rent for unit 603?

AED 155,000 a year on the contract renewed on 2 August 2024. The previous contract, from August 2023, was AED 155,000; the unit has been rented since January 2013.

How big is unit 603?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 6th floor of a 41-storey tower completed in 2007.

What is unit 603 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 603, Murjan 5

Starts from the last sale price (AED 1.8M, 30 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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