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1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 2nd floor · completed 2007

203, Murjan 1

Sold prices and rental history: sold twice, last in October 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 21 October 2018
Last soldAED 1.2M21 October 2018
Current rentAED 91K /yr10 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Murjan 1

What is 203 worth today?

Last sold for AED 1,200,000 in 2018

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21 Oct 2018SoldReady
AED 1,200,000AED 1,085 per sqft
10 Oct 2016RentedNew contract
AED 90,563/yr12 months · AED 82 per sqft
10 Oct 2015RentedNew contract
AED 90,563/yr12 months · AED 82 per sqft
10 Oct 2013RentedNew contract
AED 78,750/yr12 months · AED 71 per sqft
23 Jun 2009Sold by developerReady
AED 1,220,000AED 1,103 per sqft

Source: Dubai Land Department. Updated 21 October 2018.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
2nd of 47
Parking
B130
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 1.2M · October 2018
Building
Murjan 1

About 203, Murjan 1

203 is a one-bedroom apartment of 1,106 sqft on the 2nd floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 21 October 2018 for AED 1,200,000, or AED 1,085 per sqft, 10% below the AED 1,205 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 10 October 2016, is AED 90,563 a year: a gross yield of 7.5% on the 2018 price, before the service charge of about AED 16,500 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical one-bed in Murjan 1
1M2007201220172022Typical 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, June 2009: AED 1,220,000 (AED 1,103 per sqft)Sold, October 2018: AED 1,200,000 (AED 1,085 per sqft)

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

Rents
Unit 203, 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 112,500New contract, October 2013: AED 78,750 a yearNew contract, October 2015: AED 90,563 a yearNew contract, October 2016: AED 90,563 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 203 sits

All 101 1-beds →

203 last sold in October 2018 at AED 1,085 per sqft, 10% below what one-beds in Murjan 1 were fetching at the time (AED 1,205). 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. 203's AED 90,563 is at the bottom 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 2nd floor

All 340 units in Murjan 1
Value
2013-bedAED 2.45M · Aug 2024
2023-bedAED 1.97M · Jun 2017
2041-bedAED 1.05M · Apr 2021
2051-bedAED 1.22M · Sep 2007
2061-bedAED 1.22M · Jun 2015
2073-bedAED 699K · Jul 2008
2083-bedAED 699K · Jul 2015

203, Murjan 1 in numbers

  • Sold twice: first on 23 June 2009 for AED 1,220,000, last on 21 October 2018 for AED 1,200,000 (AED 1,085 per sqft).
  • Rented since October 2013 on 3 Ejari contracts, from AED 78,750 to AED 90,563 a year.
  • At AED 90,563 a year the gross yield on the 2018 price is 7.5%, 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 21 October 2018.

Questions about 203, Murjan 1

What did unit 203 last sell for?

AED 1,200,000 on 21 October 2018: AED 1,085 per sqft for 1,106 sqft. The unit has 2 registered sales; the first was AED 1,220,000 in June 2009.

What is the rent for unit 203?

AED 90,563 a year on the contract signed on 10 October 2016. The previous contract, from October 2015, was AED 90,563; the unit has been rented since October 2013.

How big is unit 203?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 2nd floor of a 47-storey tower completed in 2007.

What is unit 203 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 203, Murjan 1

Starts from the last sale price (AED 1.2M, 21 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →