1-bed · 1,106 sqftMurjan 1, Jumeirah Beach Residence · 6th floor · completed 2007

603, Murjan 1

Sold prices and rental history: sold twice, last in December 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 5 July 2024
Last soldAED 960K27 December 2011
Current rentAED 95K /yr5 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Murjan 1

What is 603 worth today?

Last sold for AED 960,000 in 2011

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5 Jul 2024RentedNew contract
AED 95,000/yr12 months · AED 86 per sqft
1 Jul 2022RentedRenewal
AED 70,000/yr12 months · AED 63 per sqft
1 Jul 2021RentedNew contract
AED 65,000/yr12 months · AED 59 per sqft
8 Nov 2019RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
8 Nov 2018RentedNew contract
AED 80,000/yr12 months · AED 72 per sqft
15 Dec 2017RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
25 May 2017RentedNew contract
AED 100,000/yr12 months · AED 90 per sqft
10 Oct 2014RentedNew contract
AED 120,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 5 July 2024.

Key facts

Type
1-bed apartment
Size
1,106 sqft
Floor
6th of 47
Parking
B113
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,500 /yr
Last sold
AED 960K · December 2011
Building
Murjan 1

About 603, Murjan 1

603 is a one-bedroom apartment of 1,106 sqft on the 6th floor of Murjan 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 December 2011 for AED 960,000, or AED 868 per sqft, 9% below the AED 949 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 5 July 2024, is AED 95,000 a year: a gross yield of 9.9% on the 2011 price, before the service charge of about AED 16,500 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, April 2009: AED 560,000 (AED 506 per sqft)Sold, December 2011: AED 960,000 (AED 868 per sqft)

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

Rents
Unit 603, each contractTypical one-bed in Murjan 1
75K100K125K2012201620202024Typical 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 2014: AED 120,000 a yearNew contract, May 2017: AED 100,000 a yearNew contract, December 2017: AED 90,000 a yearNew contract, November 2018: AED 80,000 a yearRenewal, November 2019: AED 75,000 a yearNew contract, July 2021: AED 65,000 a yearRenewal, July 2022: AED 70,000 a yearNew contract, July 2024: AED 95,000 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 603 sits

All 101 1-beds →

603 last sold in December 2011 at AED 868 per sqft, 9% below what one-beds in Murjan 1 were fetching at the time (AED 949). 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. 603's AED 95,000 is in the lower 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 6th floor

All 340 units in Murjan 1
Value
6013-bedAED 699K · Nov 2011
6023-bedAED 1.2M · Aug 2008
6041-bedAED 1.45M · Nov 2021
6051-bedAED 645K · Feb 2009
6061-bedAED 2.25M · May 2025
6073-bedAED 2.5M · Apr 2013
6083-bedAED 699K · Feb 2010

603, Murjan 1 in numbers

  • Sold twice: first on 26 April 2009 for AED 560,000, last on 27 December 2011 for AED 960,000 (AED 868 per sqft).
  • Rented since October 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2021 and recovered to AED 95,000 by July 2024.
  • At AED 95,000 a year the gross yield on the 2011 price is 9.9%, 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 5 July 2024.

Questions about 603, Murjan 1

What did unit 603 last sell for?

AED 960,000 on 27 December 2011: AED 868 per sqft for 1,106 sqft. The unit has 2 registered sales; the first was AED 560,000 in April 2009.

What is the rent for unit 603?

AED 95,000 a year on the contract signed on 5 July 2024. The previous contract, from July 2022, was AED 70,000; the unit has been rented since October 2014.

How big is unit 603?

1,106 sqft (102.8 sqm): a one-bedroom apartment on the 6th floor of a 47-storey tower completed in 2007.

What is unit 603 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 603, Murjan 1

Starts from the last sale price (AED 960K, 27 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

Plus AED 45,330 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →