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Studio · 714 sqftMurjan 2, Jumeirah Beach Residence · 7th floor · completed 2007

707, Murjan 2

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

Unit 707 · DLD and Ejari recordsUpdated 19 November 2014
Last soldAED 1.25M12 June 2014
Current rentAED 78K /yr19 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Murjan 2

What is 707 worth today?

Last sold for AED 1,250,000 in 2014

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19 Nov 2014RentedNew contract
AED 78,000/yr12 months · AED 110 per sqft
12 Jun 2014SoldReady
AED 1,250,000AED 1,750 per sqft
18 Mar 2008SoldReady
AED 1,186,000AED 1,661 per sqft
13 Dec 2007Sold by developerReady
AED 275,000AED 385 per sqft

Source: Dubai Land Department. Updated 19 November 2014.

Key facts

Type
Studio apartment
Size
714 sqft
Floor
7th of 28
Parking
B586
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,900 /yr
Last sold
AED 1.25M · June 2014
Building
Murjan 2

About 707, Murjan 2

707 is a studio of 714 sqft on the 7th floor of Murjan 2, a 28-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 June 2014 for AED 1,250,000, or AED 1,750 per sqft, 36% above the AED 1,291 studios in the building were fetching at the time.

One Ejari contract is registered, from 19 November 2014. The current contract, signed on 19 November 2014, is AED 78,000 a year: a gross yield of 6.2% on the 2014 price, before the service charge of about AED 13,900 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, December 2007: AED 275,000 (AED 385 per sqft)Sold, March 2008: AED 1,186,000 (AED 1,661 per sqft)Sold, June 2014: AED 1,250,000 (AED 1,750 per sqft)

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

Rents
Unit 707, 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, November 2014: AED 78,000 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 707 sits

All 151 studios →

707 last sold in June 2014 at AED 1,750 per sqft, 36% above what studios in Murjan 2 were fetching at the time (AED 1,291). 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. 707's AED 78,000 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 7th floor

All 278 units in Murjan 2
Value
7011-bedAED 449K · Feb 2013
7021-bedAED 449K · Feb 2008
703StudioAED 1M · Nov 2018
704StudioAED 1.15M · Dec 2015
705StudioAED 1.23M · Sep 2024
706StudioAED 950K · Sep 2017
708StudioAED 950K · Aug 2024
1–7 of 11

707, Murjan 2 in numbers

  • Sold 3 times: first on 13 December 2007 for AED 275,000, last on 12 June 2014 for AED 1,250,000 (AED 1,750 per sqft).
  • Rented since November 2014 on one Ejari contract, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2014 price is 6.2%, 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 19 November 2014.

Questions about 707, Murjan 2

What did unit 707 last sell for?

AED 1,250,000 on 12 June 2014: AED 1,750 per sqft for 714 sqft. The unit has 3 registered sales; the first was AED 275,000 in December 2007.

What is the rent for unit 707?

AED 78,000 a year on the contract signed on 19 November 2014.

How big is unit 707?

714 sqft (66.3 sqm): a studio on the 7th floor of a 28-storey tower completed in 2007.

What is unit 707 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 707, Murjan 2

Starts from the last sale price (AED 1.25M, 12 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →