2-bed · 1,393 sqftMurjan 1, Jumeirah Beach Residence · 30th floor · completed 2007

3004, Murjan 1

Sold prices and rental history: sold once, by the developer in August 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3004 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 599K19 August 2013
Current rentAED 98K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3004, Murjan 1

What is 3004 worth today?

Last sold for AED 599,000 in 2013

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1 Oct 2023RentedRenewal
AED 98,175/yr12 months · AED 71 per sqft
1 Oct 2022RentedRenewal
AED 93,500/yr12 months · AED 67 per sqft
1 Oct 2020RentedNew contract
AED 80,000/yr12 months · AED 58 per sqft
15 Feb 2019RentedRenewal
AED 116,000/yr12 months · AED 84 per sqft
15 Feb 2018RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft
19 Aug 2013Sold by developerReady
AED 599,000AED 429 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2023.

Key facts

Type
2-bed apartment
Size
1,393 sqft
Floor
30th of 47
Parking
B052
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,700 /yr
Last sold
AED 599K · August 2013
Building
Murjan 1

About 3004, Murjan 1

3004 is a two-bedroom apartment of 1,393 sqft on the 30th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 19 August 2013 for AED 599,000, or AED 429 per sqft, 65% below the AED 1,215 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 98,175 a year: a gross yield of 16.4% on the 2013 price, before the service charge of about AED 20,700 a year.

Sales and rents for 3004 over time

Sales
Unit 3004, each saleTypical two-bed in Murjan 1
1M2M2007201220172022Typical sale price by year: 2007 AED 599,000; 2008 AED 599,000; 2009 AED 1,106,700; 2010 AED 1,185,000; 2011 AED 1,400,000; 2012 AED 1,550,000; 2013 AED 1,700,000; 2014 AED 2,360,000; 2015 AED 1,200,000; 2016 AED 1,900,000; 2017 AED 1,947,500; 2018 AED 1,700,000; 2019 AED 1,725,000; 2020 AED 1,250,000; 2021 AED 1,411,111; 2022 AED 1,690,000; 2023 AED 2,120,000; 2024 AED 2,300,000; 2025 AED 2,455,000Sold by developer, August 2013: AED 599,000 (AED 429 per sqft)

3004 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3004, each contractTypical two-bed in Murjan 1
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 114,692; 2014 AED 133,125; 2015 AED 137,500; 2016 AED 129,807; 2017 AED 125,000; 2018 AED 115,001; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 82,000; 2022 AED 96,000; 2023 AED 114,500; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 147,000New contract, February 2018: AED 125,000 a yearRenewal, February 2019: AED 116,000 a yearNew contract, October 2020: AED 80,000 a yearRenewal, October 2022: AED 93,500 a yearRenewal, October 2023: AED 98,175 a year

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

2-beds in Murjan 1, and where 3004 sits

All 119 2-beds →

3004 last sold in August 2013 at AED 429 per sqft, 65% below what two-beds in Murjan 1 were fetching at the time (AED 1,215). Over the last 12 months two-beds sold for AED 2,000,000 to 2,650,000, around AED 1,650 per sqft, and rent for AED 110,800 to 190,000 a year. 3004's AED 98,175 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Feb 20262,300,000
12 Dec 20252,650,000
30 Apr 20254,075,000
22 Apr 20252,260,000
3 2-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 30th floor

All 340 units in Murjan 1
Value
30012-bedAED 2M · Dec 2024
30022-bedAED 1.41M · Jul 2021
30032-bedAED 1.3M · Jan 2016
30052-bedAED 2.36M · Jan 2014
30062-bedAED 2.2M · Aug 2014
30072-bedAED 1.93M · Jun 2013
30082-bedAED 2.25M · Aug 2024

3004, Murjan 1 in numbers

  • Sold once: by Dubai Properties on 19 August 2013 for AED 599,000, or AED 429 per sqft.
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 125,000 to AED 80,000 in 2020 and recovered to AED 98,175 by October 2023.
  • At AED 98,175 a year the gross yield on the 2013 price is 16.4%, before a service charge of about AED 20,700 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 1 sold for AED 2,000,000–2,650,000 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 October 2023.

Questions about 3004, Murjan 1

What did unit 3004 last sell for?

AED 599,000 on 19 August 2013, sold by the developer: AED 429 per sqft for 1,393 sqft. It is the only registered sale of the unit.

What is the rent for unit 3004?

AED 98,175 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 93,500; the unit has been rented since February 2018.

How big is unit 3004?

1,393 sqft (129.4 sqm): a two-bedroom apartment on the 30th floor of a 47-storey tower completed in 2007.

What is unit 3004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 1 sold for AED 2,000,000 to 2,650,000 in the last 12 months, around AED 1,650 per sqft.

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Mortgage on 3004, Murjan 1

Starts from the last sale price (AED 599K, 19 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 599,000
Deposit, UAE resident (20%)
AED 119,800
Deposit, non-resident (40%)
AED 239,600
Monthly over 25 years at 3.7%
AED 2,451

Plus AED 30,168 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →