1603, Murjan 2
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Murjan 2
What is 1603 worth today?
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Source: Dubai Land Department. Updated 20 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 713 sqft
- Floor
- 16th of 28
- Parking
- B621
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 299K · July 2016
- Building
- Murjan 2
About 1603, Murjan 2
1603 is a studio of 713 sqft on the 16th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 20 July 2016 for AED 299,000, or AED 419 per sqft, 73% below the AED 1,531 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 20 August 2025, is AED 115,000 a year: a gross yield of 38.5% on the 2016 price, before the service charge of about AED 13,900 a year.
Sales and rents for 1603 over time
1603 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Murjan 2, and where 1603 sits
All 151 studios →1603 last sold in July 2016 at AED 419 per sqft, 73% below what studios in Murjan 2 were fetching at the time (AED 1,531). Over the last 12 months studios sold for AED 1,350,000, around AED 1,875 per sqft, and rent for AED 66,704 to 150,000 a year. 1603's AED 115,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 720 sqft | 1,350,000 | 1,875 | ||
| 13 Jun 202513 June 2025 | 714 sqft | 1,110,000 | 1,554 | ||
| 10 Jun 202510 June 2025 | 713 sqft | 1,230,000 | 1,725 | ||
| 16 May 202516 May 2025 | 720 sqft | 1,450,000 | 2,014 |
Murjan 2
Building278 apartments, studios to 4-bed over 28 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,875
- Typical sale
- AED 1.78M
- Typical rent
- AED 95K /yr
- Typical yield
- 5.3%
Other units on the 16th floor
All 278 units in Murjan 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Sep 2013September 2013 | 110,000 /yr | |
| 1602 | 1-bed | 1,108 sqft | AED 1.2MAED 1,200,000 · Oct 2007October 2007 | 110,000 /yr | |
| 1604 | 714 sqft | AED 1.36MAED 1,360,570 · Aug 2025August 2025 | 83,000 /yr | ||
| 1605 | Studio | 714 sqft | AED 299KAED 299,000 · Oct 2009October 2009 | 80,000 /yr | |
| 1606 | Studio | 714 sqft | AED 1.2MAED 1,200,000 · Feb 2016February 2016 | 75,000 /yr | |
| 1607 | Studio | 714 sqft | AED 1.08MAED 1,083,334 · Oct 2023October 2023 | 88,000 /yr | |
| 1608 | Studio | 713 sqft | AED 765KAED 765,000 · Oct 2019October 2019 | 62,100 /yr | |
| 1609 | 1-bed | 1,101 sqft | AED 1.07MAED 1,065,170 · Aug 2012August 2012 | 120,000 /yr | |
| 1610 | 1-bed | 1,101 sqft | AED 680KAED 680,000 · Sep 2007September 2007 | 87,000 /yr | |
| 1611 | Studio | 720 sqft | AED 1.08MAED 1,080,000 · Mar 2022March 2022 | 65,000 /yr | |
| 1612 | Studio | 720 sqft | AED 930KAED 930,000 · Feb 2013February 2013 | 71,773 /yr |
1603, Murjan 2 in numbers
- Sold once: by Dubai Properties on 20 July 2016 for AED 299,000, or AED 419 per sqft.
- Rented since May 2016 on 9 Ejari contracts. The rent fell from AED 80,000 to AED 38,000 in 2020 and recovered to AED 115,000 by August 2025.
- At AED 115,000 a year the gross yield on the 2016 price is 38.5%, before a service charge of about AED 13,900 a year (AED 19.53 per sqft).
- Studios in Murjan 2 sold for AED 1,350,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,875 per sqft.
Source: Dubai Land Department. Updated 20 August 2025.
Questions about 1603, Murjan 2
What did unit 1603 last sell for?
AED 299,000 on 20 July 2016, sold by the developer: AED 419 per sqft for 713 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 115,000 a year on the contract renewed on 20 August 2025. The previous contract, from August 2025, was AED 115,000; the unit has been rented since May 2016.
How big is unit 1603?
713 sqft (66.2 sqm): a studio on the 16th floor of a 28-storey tower completed in 2007.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Murjan 2 sold for AED 1,350,000 to 1,350,000 in the last 12 months, around AED 1,875 per sqft.
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Mortgage on 1603, Murjan 2
Starts from the last sale price (AED 299K, 20 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 299,000
- Deposit, UAE resident (20%)
- AED 59,800
- Deposit, non-resident (40%)
- AED 119,600
- Monthly over 25 years at 3.7%
- AED 1,223
Plus AED 15,468 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →