1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 12th floor · completed 2007

1206, Murjan 1

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 28 March 2024
Last soldAED 2.02M1 March 2011
Current rentAED 110K /yr28 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1206, Murjan 1

What is 1206 worth today?

Last sold for AED 2,021,000 in 2011

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28 Mar 2024RentedRenewal
AED 110,000/yr12 months · AED 99 per sqft
28 Mar 2023RentedRenewal
AED 100,000/yr12 months · AED 90 per sqft
28 Mar 2021RentedRenewal
AED 70,000/yr12 months · AED 63 per sqft
28 Mar 2020RentedRenewal
AED 80,000/yr12 months · AED 72 per sqft
5 Dec 2016RentedRenewal
AED 115,320/yr12 months · AED 104 per sqft
1 Mar 2011Sold by developerReady
AED 2,021,000AED 1,828 per sqft

Source: Dubai Land Department. Updated 28 March 2024.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
12th of 47
Parking
M134
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 2.02M · March 2011
Building
Murjan 1

About 1206, Murjan 1

1206 is a one-bedroom apartment of 1,106 sqft on the 12th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 1 March 2011 for AED 2,021,000, or AED 1,828 per sqft, 86% above the AED 981 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 28 March 2024, is AED 110,000 a year: a gross yield of 5.4% on the 2011 price, before the service charge of about AED 16,500 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical one-bed in Murjan 1
1M2M2007201220172022Typical sale price by year: 2007 AED 560,000; 2008 AED 680,000; 2009 AED 900,000; 2010 AED 800,000; 2011 AED 1,050,000; 2012 AED 1,064,000; 2013 AED 1,400,000; 2014 AED 1,550,000; 2015 AED 1,675,000; 2016 AED 1,475,000; 2017 AED 1,422,500; 2018 AED 1,390,000; 2020 AED 1,000,000; 2021 AED 1,145,000; 2022 AED 1,390,000; 2023 AED 1,480,000; 2024 AED 1,530,000; 2025 AED 1,635,000Sold by developer, March 2011: AED 2,021,000 (AED 1,828 per sqft)

1206 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1206, each contractTypical one-bed in Murjan 1
75K100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 85,000; 2014 AED 100,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 65,000; 2021 AED 68,000; 2022 AED 77,000; 2023 AED 87,000; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 112,500Renewal, December 2016: AED 115,320 a yearRenewal, March 2020: AED 80,000 a yearRenewal, March 2021: AED 70,000 a yearRenewal, March 2023: AED 100,000 a yearRenewal, March 2024: AED 110,000 a year

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

1-beds in Murjan 1, and where 1206 sits

All 101 1-beds →

1206 last sold in March 2011 at AED 1,828 per sqft, 86% above what one-beds in Murjan 1 were fetching at the time (AED 981). Over the last 12 months one-beds sold for AED 1,750,000 to 2,000,000, around AED 1,696 per sqft, and rent for AED 90,841 to 120,000 a year. 1206's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Jan 20262,000,000
25 Jul 20251,770,000
15 May 20252,250,000
1 May 20251,450,000
2 1-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 12th floor

All 340 units in Murjan 1
Value
12013-bedAED 2.4M · Feb 2024
1202AED 1.6M · Mar 2011
12031-bedAED 710K · Jul 2008
12041-bedAED 449K · Nov 2008
12051-bedAED 2.15M · Jun 2014
12073-bedAED 699K · Apr 2009
12083-bedAED 1.53M · Jul 2019

1206, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 1 March 2011 for AED 2,021,000, or AED 1,828 per sqft.
  • Rented since December 2016 on 5 Ejari contracts. The rent fell from AED 115,320 to AED 70,000 in 2021 and recovered to AED 110,000 by March 2024.
  • At AED 110,000 a year the gross yield on the 2011 price is 5.4%, before a service charge of about AED 16,500 a year (AED 14.89 per sqft).
  • One-beds in Murjan 1 sold for AED 1,750,000–2,000,000 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 28 March 2024.

Questions about 1206, Murjan 1

What did unit 1206 last sell for?

AED 2,021,000 on 1 March 2011, sold by the developer: AED 1,828 per sqft for 1,106 sqft. It is the only registered sale of the unit.

What is the rent for unit 1206?

AED 110,000 a year on the contract renewed on 28 March 2024. The previous contract, from March 2023, was AED 100,000; the unit has been rented since December 2016.

How big is unit 1206?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 12th floor of a 47-storey tower completed in 2007.

What is unit 1206 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Murjan 1 sold for AED 1,750,000 to 2,000,000 in the last 12 months, around AED 1,696 per sqft.

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Mortgage on 1206, Murjan 1

Starts from the last sale price (AED 2.02M, 1 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,021,000
Deposit, UAE resident (20%)
AED 404,200
Deposit, non-resident (40%)
AED 808,400
Monthly over 25 years at 3.7%
AED 8,269

Plus AED 89,892 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →