Studio · 720 sqftMurjan 2, Jumeirah Beach Residence · 3rd floor · completed 2007

311, Murjan 2

Sold prices and rental history: sold 4 times, last in October 2023, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 9 October 2023
Last soldAED 1.1M9 October 2023
Current rentAED 80K /yr14 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Murjan 2

What is 311 worth today?

Last sold for AED 1,100,000 in 2023

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9 Oct 2023SoldReady
AED 1,100,000AED 1,528 per sqft
27 May 2018SoldReady
AED 1,200,000AED 1,666 per sqft
14 Mar 2018RentedNew contract
AED 80,000/yr12 months · AED 111 per sqft
6 Jun 2016SoldReady
AED 1,175,000AED 1,632 per sqft
9 Sep 2013RentedNew contract
AED 67,000/yr12 months · AED 93 per sqft
10 Mar 2008Sold by developerReady
AED 305,000AED 423 per sqft

Source: Dubai Land Department. Updated 9 October 2023.

Key facts

Type
Studio apartment
Size
720 sqft
Floor
3rd of 28
Parking
B500
Developer
Dubai Properties
Completed
2007
Service charge
AED 14,100 /yr
Last sold
AED 1.1M · October 2023
Building
Murjan 2

About 311, Murjan 2

311 is a studio of 720 sqft on the 3rd floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 October 2023 for AED 1,100,000, or AED 1,528 per sqft, 9% below the AED 1,683 studios in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 14 March 2018, is AED 80,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 14,100 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical studio in Murjan 2
500K1M2007201220172022Typical sale price by year: 2007 AED 300,000; 2008 AED 432,500; 2009 AED 299,000; 2010 AED 299,000; 2011 AED 600,000; 2012 AED 725,000; 2013 AED 850,000; 2014 AED 1,237,500; 2015 AED 1,080,000; 2016 AED 1,090,000; 2017 AED 1,112,500; 2018 AED 1,000,000; 2019 AED 900,000; 2020 AED 600,000; 2021 AED 940,000; 2022 AED 1,100,000; 2023 AED 1,100,000; 2024 AED 1,135,000; 2025 AED 1,190,000Sold by developer, March 2008: AED 305,000 (AED 423 per sqft)Sold, June 2016: AED 1,175,000 (AED 1,632 per sqft)Sold, May 2018: AED 1,200,000 (AED 1,666 per sqft)Sold, October 2023: AED 1,100,000 (AED 1,528 per sqft)

311 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 311, each contractTypical studio in Murjan 2
60K80K2012201620202024Typical rent by year: 2012 AED 51,750; 2013 AED 66,000; 2014 AED 75,000; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 76,500; 2018 AED 69,685; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 48,000; 2022 AED 56,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 78,000; 2026 AED 85,000New contract, September 2013: AED 67,000 a yearNew contract, March 2018: AED 80,000 a year

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 311 sits

All 151 studios →

311 last sold in October 2023 at AED 1,528 per sqft, 9% below what studios in Murjan 2 were fetching at the time (AED 1,683). 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. 311's AED 80,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Feb 20261,350,000
13 Jun 20251,110,000
10 Jun 20251,230,000
16 May 20251,450,000
1 studio sale in the last 12 months

Murjan 2

Building

278 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%
Murjan 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 3rd floor

All 278 units in Murjan 2
Value
301AED 1.7M · Feb 2010
3021-bedAED 2.1M · Dec 2024
303StudioAED 299K · Sep 2007
304StudioAED 1.13M · May 2017
305StudioAED 1.67M · Nov 2008
306StudioAED 800K · May 2010
307StudioAED 1.28M · Sep 2014
1–7 of 11

311, Murjan 2 in numbers

  • Sold 4 times: first on 10 March 2008 for AED 305,000, last on 9 October 2023 for AED 1,100,000 (AED 1,528 per sqft).
  • Rented since September 2013 on 2 Ejari contracts, from AED 67,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 14,100 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 9 October 2023.

Questions about 311, Murjan 2

What did unit 311 last sell for?

AED 1,100,000 on 9 October 2023: AED 1,528 per sqft for 720 sqft. The unit has 4 registered sales; the first was AED 305,000 in March 2008.

What is the rent for unit 311?

AED 80,000 a year on the contract signed on 14 March 2018. The previous contract, from September 2013, was AED 67,000.

How big is unit 311?

720 sqft (66.9 sqm): a studio on the 3rd floor of a 28-storey tower completed in 2007.

What is unit 311 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 311, Murjan 2

Starts from the last sale price (AED 1.1M, 9 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →