Studio · 720 sqftMurjan 2, Jumeirah Beach Residence · 5th floor · completed 2007

512, Murjan 2

Sold prices and rental history: sold 3 times, last in April 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 15 August 2019
Last soldAED 950K10 April 2019
Current rentAED 85K /yr15 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 512, Murjan 2

What is 512 worth today?

Last sold for AED 950,000 in 2019

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15 Aug 2019RentedNew contract
AED 85,000/yr12 months · AED 118 per sqft
10 Apr 2019SoldReady
AED 950,000AED 1,319 per sqft
15 Jan 2018SoldReady
AED 950,000AED 1,319 per sqft
9 Feb 2017RentedNew contract
AED 68,000/yr12 months · AED 94 per sqft
30 Jan 2016RentedNew contract
AED 71,662/yr12 months · AED 100 per sqft
30 Jan 2014RentedNew contract
AED 65,000/yr12 months · AED 90 per sqft
13 Jan 2014Sold by developerReady
AED 930,000AED 1,291 per sqft

Source: Dubai Land Department. Updated 15 August 2019.

Key facts

Type
Studio apartment
Size
720 sqft
Floor
5th of 28
Parking
B533
Developer
Dubai Properties
Completed
2007
Service charge
AED 14,100 /yr
Last sold
AED 950K · April 2019
Building
Murjan 2

About 512, Murjan 2

512 is a studio of 720 sqft on the 5th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 April 2019 for AED 950,000, or AED 1,319 per sqft, 6% below the AED 1,402 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 15 August 2019, is AED 85,000 a year: a gross yield of 8.9% on the 2019 price, before the service charge of about AED 14,100 a year.

Sales and rents for 512 over time

Sales
Unit 512, 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, January 2014: AED 930,000 (AED 1,291 per sqft)Sold, January 2018: AED 950,000 (AED 1,319 per sqft)Sold, April 2019: AED 950,000 (AED 1,319 per sqft)

512 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 512, 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, January 2014: AED 65,000 a yearNew contract, January 2016: AED 71,662 a yearNew contract, February 2017: AED 68,000 a yearNew contract, August 2019: AED 85,000 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 512 sits

All 151 studios →

512 last sold in April 2019 at AED 1,319 per sqft, 6% below what studios in Murjan 2 were fetching at the time (AED 1,402). 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. 512's AED 85,000 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 5th floor

All 278 units in Murjan 2
Value
5011-bedAED 449K · Nov 2008
5021-bedAED 449K · Feb 2008
503StudioAED 1.01M · Mar 2019
504StudioAED 1.05M · Feb 2013
505StudioAED 950K · Oct 2021
506StudioAED 900K · Dec 2019
507StudioAED 1.37M · May 2024
1–7 of 11

512, Murjan 2 in numbers

  • Sold 3 times: first on 13 January 2014 for AED 930,000, last on 10 April 2019 for AED 950,000 (AED 1,319 per sqft).
  • Rented since January 2014 on 4 Ejari contracts, from AED 65,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2019 price is 8.9%, 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 15 August 2019.

Questions about 512, Murjan 2

What did unit 512 last sell for?

AED 950,000 on 10 April 2019: AED 1,319 per sqft for 720 sqft. The unit has 3 registered sales; the first was AED 930,000 in January 2014.

What is the rent for unit 512?

AED 85,000 a year on the contract signed on 15 August 2019. The previous contract, from February 2017, was AED 68,000; the unit has been rented since January 2014.

How big is unit 512?

720 sqft (66.9 sqm): a studio on the 5th floor of a 28-storey tower completed in 2007.

What is unit 512 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 512, Murjan 2

Starts from the last sale price (AED 950K, 10 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →