407, Murjan 2
Sold prices and rental history: sold 4 times, last in March 2023, 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 407, Murjan 2
What is 407 worth today?
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Source: Dubai Land Department. Updated 29 March 2023.
Key facts
- Type
- Studio apartment
- Size
- 714 sqft
- Floor
- 4th of 28
- Parking
- B508
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 1M · March 2023
- Building
- Murjan 2
About 407, Murjan 2
407 is a studio of 714 sqft on the 4th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 29 March 2023 for AED 1,000,000, or AED 1,400 per sqft, 7% below the AED 1,505 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 25 September 2022, is AED 80,000 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 13,900 a year.
Sales and rents for 407 over time
407 has sold 4 times; 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 407 sits
All 151 studios →407 last sold in March 2023 at AED 1,400 per sqft, 7% below what studios in Murjan 2 were fetching at the time (AED 1,505). 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. 407's AED 80,000 is in the lower 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 4th floor
All 278 units in Murjan 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Dec 2007December 2007 | 110,000 /yr | |
| 402 | 1-bed | 1,108 sqft | AED 449KAED 449,000 · Aug 2012August 2012 | 95,000 /yr | |
| 403 | Studio | 713 sqft | AED 299KAED 299,000 · Apr 2008April 2008 | 82,000 /yr | |
| 404 | Studio | 714 sqft | AED 600KAED 600,000 · Aug 2020August 2020 | 72,000 /yr | |
| 405 | Studio | 714 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 44,000 /yr | |
| 406 | Studio | 714 sqft | AED 275KAED 275,000 · Nov 2007November 2007 | 66,200 /yr | |
| 408 | 713 sqft | AED 1.44MAED 1,440,000 · Sep 2025September 2025 | 90,000 /yr | ||
| 409 | 1-bed | 1,101 sqft | AED 1.55MAED 1,545,000 · Jan 2024January 2024 | 105,000 /yr | |
| 410 | 1-bed | 1,101 sqft | AED 645KAED 645,000 · Sep 2007September 2007 | 97,500 /yr | |
| 411 | Studio | 720 sqft | AED 1.25MAED 1,250,000 · Dec 2022December 2022 | ||
| 412 | Studio | 720 sqft | AED 880KAED 880,000 · Mar 2019March 2019 | 100,000 /yr |
407, Murjan 2 in numbers
- Sold 4 times: first on 6 September 2007 for AED 275,000, last on 29 March 2023 for AED 1,000,000 (AED 1,400 per sqft).
- Rented since July 2016 on 5 Ejari contracts. The rent fell from AED 70,350 to AED 38,000 in 2021 and recovered to AED 80,000 by September 2022.
- At AED 80,000 a year the gross yield on the 2023 price is 8.0%, 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 29 March 2023.
Questions about 407, Murjan 2
What did unit 407 last sell for?
AED 1,000,000 on 29 March 2023: AED 1,400 per sqft for 714 sqft. The unit has 4 registered sales; the first was AED 275,000 in September 2007.
What is the rent for unit 407?
AED 80,000 a year on the contract renewed on 25 September 2022. The previous contract, from September 2021, was AED 38,000; the unit has been rented since July 2016.
How big is unit 407?
714 sqft (66.3 sqm): a studio on the 4th floor of a 28-storey tower completed in 2007.
What is unit 407 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 407, Murjan 2
Starts from the last sale price (AED 1M, 29 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →