2-bed · 1,395 sqftMurjan 1, Jumeirah Beach Residence · 45th floor · completed 2007

4503, Murjan 1

Sold prices and rental history: sold twice, last in January 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4503 · DLD and Ejari recordsUpdated 21 December 2024
Last soldAED 1.93M23 January 2008
Current rentAED 106K /yr21 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4503, Murjan 1

What is 4503 worth today?

Last sold for AED 1,926,000 in 2008

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21 Dec 2024RentedRenewal
AED 106,480/yr12 months · AED 76 per sqft
21 Dec 2023RentedRenewal
AED 96,800/yr12 months · AED 69 per sqft
21 Dec 2022RentedNew contract
AED 88,000/yr12 months · AED 63 per sqft
21 Dec 2021RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
21 Dec 2020RentedRenewal
AED 75,000/yr12 months · AED 54 per sqft
21 Dec 2019RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
20 Aug 2018RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
20 Aug 2017RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 21 December 2024.

Key facts

Type
2-bed apartment
Size
1,395 sqft
Floor
45th of 47
Parking
B174
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 1.93M · January 2008
Building
Murjan 1

About 4503, Murjan 1

4503 is a two-bedroom apartment of 1,395 sqft on the 45th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 January 2008 for AED 1,926,000, or AED 1,380 per sqft, 204% above the AED 454 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 21 December 2024, is AED 106,480 a year: a gross yield of 5.5% on the 2008 price, before the service charge of about AED 20,800 a year.

Sales and rents for 4503 over time

Sales
Unit 4503, 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, September 2007: AED 599,000 (AED 429 per sqft)Sold, January 2008: AED 1,926,000 (AED 1,380 per sqft)

4503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4503, 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, April 2013: AED 110,000 a yearNew contract, July 2015: AED 120,000 a yearNew contract, August 2016: AED 120,000 a yearNew contract, August 2017: AED 120,000 a yearRenewal, August 2018: AED 120,000 a yearNew contract, December 2019: AED 85,000 a yearRenewal, December 2020: AED 75,000 a yearRenewal, December 2021: AED 80,000 a yearNew contract, December 2022: AED 88,000 a yearRenewal, December 2023: AED 96,800 a yearRenewal, December 2024: AED 106,480 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 4503 sits

All 119 2-beds →

4503 last sold in January 2008 at AED 1,380 per sqft, 204% above what two-beds in Murjan 1 were fetching at the time (AED 454). 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. 4503's AED 106,480 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 45th floor

All 340 units in Murjan 1
Value
45012-bedAED 1.93M · Jan 2008
4502AED 1.93M · Jan 2008
45042-bedAED 2M · Apr 2025

4503, Murjan 1 in numbers

  • Sold twice: first on 11 September 2007 for AED 599,000, last on 23 January 2008 for AED 1,926,000 (AED 1,380 per sqft).
  • Rented since April 2013 on 11 Ejari contracts. The rent fell from AED 110,000 to AED 75,000 in 2020 and recovered to AED 106,480 by December 2024.
  • At AED 106,480 a year the gross yield on the 2008 price is 5.5%, before a service charge of about AED 20,800 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: Dubai Land Department. Updated 21 December 2024.

Questions about 4503, Murjan 1

What did unit 4503 last sell for?

AED 1,926,000 on 23 January 2008: AED 1,380 per sqft for 1,395 sqft. The unit has 2 registered sales; the first was AED 599,000 in September 2007.

What is the rent for unit 4503?

AED 106,480 a year on the contract renewed on 21 December 2024. The previous contract, from December 2023, was AED 96,800; the unit has been rented since April 2013.

How big is unit 4503?

1,395 sqft (129.6 sqm): a two-bedroom apartment on the 45th floor of a 47-storey tower completed in 2007.

What is unit 4503 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 4503, Murjan 1

Starts from the last sale price (AED 1.93M, 23 January 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,926,000
Deposit, UAE resident (20%)
AED 385,200
Deposit, non-resident (40%)
AED 770,400
Monthly over 25 years at 3.7%
AED 7,880

Plus AED 85,902 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →