3-bed · 1,922 sqftMurjan 1, Jumeirah Beach Residence · 17th floor · completed 2007

1708, Murjan 1

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1708 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 699K14 June 2010
Current rentAED 190K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1708, Murjan 1

What is 1708 worth today?

Last sold for AED 699,000 in 2010

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1 May 2024RentedNew contract
AED 190,000/yr12 months · AED 99 per sqft
1 May 2023RentedNew contract
AED 175,000/yr12 months · AED 91 per sqft
1 May 2022RentedNew contract
AED 150,000/yr12 months · AED 78 per sqft
11 Jan 2019RentedRenewal
AED 145,000/yr12 months · AED 75 per sqft
11 Jan 2018RentedRenewal
AED 170,500/yr12 months · AED 89 per sqft
11 Jan 2017RentedNew contract
AED 170,500/yr12 months · AED 89 per sqft
11 Dec 2015RentedNew contract
AED 170,500/yr12 months · AED 88 per sqft
14 Jun 2010Sold by developerReady
AED 699,000AED 363 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.

Key facts

Type
3-bed apartment
Size
1,922 sqft
Floor
17th of 47
Parking
M079-080
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,600 /yr
Last sold
AED 699K · June 2010
Building
Murjan 1

About 1708, Murjan 1

1708 is a three-bedroom apartment of 1,922 sqft on the 17th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 14 June 2010 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 2015 on 7 Ejari contracts. The current contract, signed on 1 May 2024, is AED 190,000 a year: a gross yield of 27.2% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1708 over time

Sales
Unit 1708, 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, June 2010: AED 699,000 (AED 363 per sqft)

1708 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1708, each contractTypical three-bed in Murjan 1
100K150K200K2012201620202024Typical 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, December 2015: AED 170,500 a yearNew contract, January 2017: AED 170,500 a yearRenewal, January 2018: AED 170,500 a yearRenewal, January 2019: AED 145,000 a yearNew contract, May 2022: AED 150,000 a yearNew contract, May 2023: AED 175,000 a yearNew contract, May 2024: AED 190,000 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 1, and where 1708 sits

All 96 3-beds →

1708 last sold in June 2010 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. 1708's AED 190,000 is in the upper half 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 17th floor

All 340 units in Murjan 1
Value
17013-bedAED 699K · Oct 2017
17023-bedAED 1.49M · Oct 2011
17031-bedAED 1.62M · Oct 2022
17041-bedAED 1.5M · Feb 2016
17051-bedAED 1.02M · Dec 2011
17061-bedAED 1.68M · Jun 2024
17073-bedAED 988K · Mar 2010

1708, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 14 June 2010 for AED 699,000, or AED 363 per sqft.
  • Rented since December 2015 on 7 Ejari contracts. The rent fell from AED 170,500 to AED 145,000 in 2019 and recovered to AED 190,000 by May 2024.
  • At AED 190,000 a year the gross yield on the 2010 price is 27.2%, 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: YallaValue analysis of Dubai Land Department records. Updated 1 May 2024.

Questions about 1708, Murjan 1

What did unit 1708 last sell for?

AED 699,000 on 14 June 2010, 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 1708?

AED 190,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2023, was AED 175,000; the unit has been rented since December 2015.

How big is unit 1708?

1,922 sqft (178.6 sqm): a three-bedroom apartment on the 17th floor of a 47-storey tower completed in 2007.

What is unit 1708 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 1708, Murjan 1

Starts from the last sale price (AED 699K, 14 June 2010). 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 →