3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 10th floor · completed 2007

1008, Murjan 1

Sold prices and rental history: sold once, by the developer in November 2007, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 7 July 2024
Last soldAED 699K1 November 2007
Current rentAED 140K /yr7 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1008, Murjan 1

What is 1008 worth today?

Last sold for AED 699,000 in 2007

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7 Jul 2024RentedRenewal
AED 139,500/yr12 months · AED 72 per sqft
7 Jul 2023RentedRenewal
AED 121,000/yr12 months · AED 63 per sqft
7 Jul 2022RentedRenewal
AED 110,000/yr12 months · AED 57 per sqft
1 Nov 2019RentedNew contract
AED 125,000/yr12 months · AED 65 per sqft
10 Oct 2018RentedRenewal
AED 140,000/yr12 months · AED 73 per sqft
10 Oct 2017RentedRenewal
AED 157,500/yr12 months · AED 82 per sqft
10 Oct 2016RentedRenewal
AED 165,000/yr12 months · AED 86 per sqft
7 Mar 2015RentedNew contract
AED 165,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 7 July 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
10th of 47
Parking
M085-086
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 699K · November 2007
Building
Murjan 1

About 1008, Murjan 1

1008 is a three-bedroom apartment of 1,922 sqft on the 10th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 1 November 2007 for AED 699,000, or AED 363 per sqft, in line with the AED 363 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 7 July 2024, is AED 139,500 a year: a gross yield of 20.0% on the 2007 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical three-bed in Murjan 1
1M2M3M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 699,000; 2010 AED 1,186,250; 2011 AED 1,280,000; 2012 AED 1,325,000; 2013 AED 1,678,000; 2014 AED 1,799,500; 2015 AED 2,575,000; 2016 AED 2,300,000; 2017 AED 1,990,000; 2020 AED 1,270,000; 2021 AED 1,800,000; 2022 AED 2,100,000; 2023 AED 2,360,000; 2024 AED 2,750,000; 2025 AED 2,900,000Sold by developer, November 2007: AED 699,000 (AED 363 per sqft)

1008 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1008, each contractTypical three-bed in Murjan 1
100K150K2012201620202024Typical rent by year: 2012 AED 129,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 163,500; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 130,000; 2020 AED 110,000; 2021 AED 105,000; 2022 AED 130,000; 2023 AED 136,750; 2024 AED 159,500; 2025 AED 170,000; 2026 AED 185,000New contract, September 2012: AED 130,000 a yearNew contract, September 2013: AED 130,000 a yearRenewal, September 2013: AED 129,640 a yearNew contract, March 2015: AED 165,000 a yearRenewal, October 2016: AED 165,000 a yearRenewal, October 2017: AED 157,500 a yearRenewal, October 2018: AED 140,000 a yearNew contract, November 2019: AED 125,000 a yearRenewal, July 2022: AED 110,000 a yearRenewal, July 2023: AED 121,000 a yearRenewal, July 2024: AED 139,500 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 1, and where 1008 sits

All 96 3-beds →

1008 last sold in November 2007 at AED 363 per sqft, in line with what three-beds in Murjan 1 were fetching at the time (AED 363). Over the last 12 months three-beds sold for AED 900,000 to 3,050,000, around AED 1,236 per sqft, and rent for AED 145,806 to 225,000 a year. 1008's AED 139,500 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Jan 20262,950,000
11 Jun 20252,950,000
21 May 20252,323,371
7 Apr 20252,900,000
4 3-bed sales in the last 12 months

Murjan 1

Building

340 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,582
Typical sale
AED 2M
Typical rent
AED 140K /yr
Typical yield
6.3%
Murjan 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 340 units in Murjan 1
Value
10013-bedAED 350K · Mar 2008
10023-bedAED 2.65M · Oct 2024
10031-bedAED 1.4M · Apr 2021
10041-bedAED 1.65M · Apr 2017
10051-bedAED 1.1M · Jan 2024
10061-bedAED 2M · Jun 2014
10073-bedAED 2.6M · Nov 2015

1008, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 1 November 2007 for AED 699,000, or AED 363 per sqft.
  • Rented since September 2012 on 11 Ejari contracts. The rent fell from AED 130,000 to AED 110,000 in 2022 and recovered to AED 139,500 by July 2024.
  • At AED 139,500 a year the gross yield on the 2007 price is 20.0%, before a service charge of about AED 28,600 a year (AED 14.89 per sqft).
  • Three-beds in Murjan 1 sold for AED 900,000–3,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,582 per sqft.

Source: Dubai Land Department. Updated 7 July 2024.

Questions about 1008, Murjan 1

What did unit 1008 last sell for?

AED 699,000 on 1 November 2007, sold by the developer: AED 363 per sqft for 1,922 sqft. It is the only registered sale of the unit.

What is the rent for unit 1008?

AED 139,500 a year on the contract renewed on 7 July 2024. The previous contract, from July 2023, was AED 121,000; the unit has been rented since September 2012.

How big is unit 1008?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 10th floor of a 47-storey tower completed in 2007.

What is unit 1008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Murjan 1 sold for AED 900,000 to 3,050,000 in the last 12 months, around AED 1,236 per sqft.

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Mortgage on 1008, Murjan 1

Starts from the last sale price (AED 699K, 1 November 2007). Switch to today's estimate once you have unlocked it.
Price
AED 699,000
Deposit, UAE resident (20%)
AED 139,800
Deposit, non-resident (40%)
AED 279,600
Monthly over 25 years at 3.7%
AED 2,860

Plus AED 34,368 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →