3-bed · 2,170 sqftMurjan Tower, Dubai Marina · 35th floor · completed 2004

3503, Murjan Tower

Sold prices and rental history: sold twice, last in October 2009, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3503 · DLD and Ejari recordsUpdated 20 January 2019
Last soldAED 2.55M6 October 2009
Current rentAED 223K /yr20 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3503, Murjan Tower

What is 3503 worth today?

Last sold for AED 2,550,000 in 2009

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20 Jan 2019RentedRenewal
AED 223,000/yr12 months · AED 103 per sqft
20 Jan 2018RentedNew contract
AED 223,000/yr12 months · AED 103 per sqft
1 Dec 2012RentedNew contract
AED 235,000/yr12 months · AED 108 per sqft
6 Oct 2009Sold by developerReady
AED 2,550,000AED 1,175 per sqft
6 Oct 2009SoldReady
AED 2,575,000AED 1,186 per sqft

Source: Dubai Land Department. Updated 20 January 2019.

Key facts

Type
3-bed apartment
Size
2,170 sqft
Floor
35th of 37
Parking
31 , 32
Developer
Emaar
Completed
2004
Service charge
AED 32,300 /yr
Last sold
AED 2.55M · October 2009
Building
Murjan Tower

About 3503, Murjan Tower

3503 is a three-bedroom apartment of 2,170 sqft on the 35th floor of Murjan Tower, a 37-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 6 October 2009 for AED 2,550,000, or AED 1,175 per sqft, 55% above the AED 759 three-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 20 January 2019, is AED 223,000 a year: a gross yield of 8.8% on the 2009 price, before the service charge of about AED 32,300 a year.

Sales and rents for 3503 over time

Sales
Unit 3503, each saleTypical three-bed in Murjan Tower
2.5M5M7.5M2008201320182023Typical sale price by year: 2008 AED 1,759,500; 2009 AED 2,044,000; 2010 AED 3,275,000; 2011 AED 1,910,592; 2012 AED 1,808,000; 2013 AED 3,900,000; 2014 AED 5,200,000; 2015 AED 2,417,125; 2016 AED 3,700,000; 2017 AED 3,600,000; 2019 AED 2,700,000; 2021 AED 4,350,000; 2022 AED 3,500,000; 2023 AED 4,800,000; 2024 AED 4,725,000; 2025 AED 6,715,000Sold by developer, October 2009: AED 2,550,000 (AED 1,175 per sqft)Sold, October 2009: AED 2,575,000 (AED 1,186 per sqft)

3503 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3503, each contractTypical three-bed in Murjan Tower
200K300K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 229,000; 2014 AED 230,000; 2015 AED 247,500; 2016 AED 225,000; 2017 AED 212,926; 2018 AED 215,000; 2019 AED 195,000; 2020 AED 160,000; 2021 AED 155,000; 2022 AED 182,500; 2023 AED 200,000; 2024 AED 220,000; 2025 AED 225,000; 2026 AED 307,500New contract, December 2012: AED 235,000 a yearNew contract, January 2018: AED 223,000 a yearRenewal, January 2019: AED 223,000 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 Tower, and where 3503 sits

All 68 3-beds →

3503 last sold in October 2009 at AED 1,175 per sqft, 55% above what three-beds in Murjan Tower were fetching at the time (AED 759). Over the last 12 months three-beds sold for AED 5,200,000, around AED 2,170 per sqft, and rent for AED 265,000 to 340,000 a year. 3503's AED 223,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Jan 20265,200,000
30 Apr 20257,500,000
27 Feb 20254,400,000
14 Feb 20257,180,000
1 3-bed sale in the last 12 months

Murjan Tower

Building

278 apartments, 1-bed to 5-bed over 37 floors in Dubai Marina, completed in 2004 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,170
Typical sale
AED 4.75M
Typical rent
AED 160K /yr
Typical yield
5.0%
Murjan Tower, Dubai Marina: prices, sales and rents →

Other units on the 35th floor

All 278 units in Murjan Tower
Value
35013-bedAED 1.57M · Feb 2019
35021-bedAED 798K · Feb 2019
35043-bedAED 1.65M · Jul 2010
35051-bedAED 832K · Jun 2010
35063-bedAED 2.9M · Mar 2017

3503, Murjan Tower in numbers

  • Sold twice: first on 6 October 2009 for AED 2,575,000, last on 6 October 2009 for AED 2,550,000 (AED 1,175 per sqft).
  • Rented since December 2012 on 3 Ejari contracts, from AED 235,000 to AED 223,000 a year.
  • At AED 223,000 a year the gross yield on the 2009 price is 8.8%, before a service charge of about AED 32,300 a year (AED 14.90 per sqft).
  • Three-beds in Murjan Tower sold for AED 5,200,000–5,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,170 per sqft.

Source: Dubai Land Department. Updated 20 January 2019.

Questions about 3503, Murjan Tower

What did unit 3503 last sell for?

AED 2,550,000 on 6 October 2009, sold by the developer: AED 1,175 per sqft for 2,170 sqft. The unit has 2 registered sales; the first was AED 2,575,000 in October 2009.

What is the rent for unit 3503?

AED 223,000 a year on the contract renewed on 20 January 2019. The previous contract, from January 2018, was AED 223,000; the unit has been rented since December 2012.

How big is unit 3503?

2,170 sqft (201.6 sqm): a three-bedroom apartment on the 35th floor of a 37-storey tower completed in 2004.

What is unit 3503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan Tower sold for AED 5,200,000 to 5,200,000 in the last 12 months, around AED 2,170 per sqft.

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Mortgage on 3503, Murjan Tower

Starts from the last sale price (AED 2.55M, 6 October 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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