2-bed · 1,470 sqftMurjan 3, Jumeirah Beach Residence · 24th floor · completed 2007

2403, Murjan 3

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 2.1M24 May 2024
Current rentAED 100K /yr25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Murjan 3

What is 2403 worth today?

Last sold for AED 2,100,000 in 2024

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24 May 2024SoldReady
AED 2,100,000AED 1,428 per sqft
25 Oct 2022RentedRenewal
AED 100,000/yr12 months · AED 68 per sqft
25 Oct 2020RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
25 Oct 2019RentedRenewal
AED 110,000/yr12 months · AED 75 per sqft
25 Oct 2018RentedRenewal
AED 128,000/yr12 months · AED 87 per sqft
25 Oct 2017RentedRenewal
AED 140,000/yr12 months · AED 95 per sqft
25 Oct 2016RentedNew contract
AED 145,000/yr12 months · AED 98 per sqft
28 May 2016RentedNew contract
AED 80,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
2-bed apartment
Size
1,470 sqft
Floor
24th of 29
Parking
B783
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,900 /yr
Last sold
AED 2.1M · May 2024
Building
Murjan 3

About 2403, Murjan 3

2403 is a two-bedroom apartment of 1,470 sqft on the 24th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 24 May 2024 for AED 2,100,000, or AED 1,428 per sqft, 5% below the AED 1,509 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 25 October 2022, is AED 100,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 21,900 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical two-bed in Murjan 3
2M2.5M2008201320182023Typical sale price by year: 2008 AED 2,325,000; 2009 AED 2,000,000; 2013 AED 2,325,000; 2014 AED 2,476,000; 2016 AED 2,065,000; 2018 AED 1,700,000; 2022 AED 1,925,000; 2023 AED 2,100,000; 2024 AED 2,725,000Sold by developer, December 2008: AED 1,980,000 (AED 1,347 per sqft)Sold, June 2013: AED 2,200,000 (AED 1,497 per sqft)Sold, May 2024: AED 2,100,000 (AED 1,428 per sqft)

2403 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, each contractTypical two-bed in Murjan 3
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 110,000; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 145,000; 2017 AED 142,500; 2018 AED 135,000; 2019 AED 116,500; 2020 AED 90,000; 2021 AED 95,500; 2022 AED 100,991; 2023 AED 163,000; 2024 AED 140,000; 2025 AED 150,000New contract, June 2014: AED 170,000 a yearNew contract, June 2015: AED 170,000 a yearNew contract, May 2016: AED 80,000 a yearNew contract, October 2016: AED 145,000 a yearRenewal, October 2017: AED 140,000 a yearRenewal, October 2018: AED 128,000 a yearRenewal, October 2019: AED 110,000 a yearRenewal, October 2020: AED 90,000 a yearRenewal, October 2022: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Murjan 3, and where 2403 sits

All 23 2-beds →

2403 last sold in May 2024 at AED 1,428 per sqft, 5% below what two-beds in Murjan 3 were fetching at the time (AED 1,509). Over the last 12 months two-beds sold for AED 2,275,000, around AED 1,548 per sqft, and rent for AED 150,000 to 150,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Feb 20262,275,000
26 Jun 20252,084,644
27 Sep 20243,550,000
9 Feb 20242,725,000
1 2-bed sale in the last 12 months

Murjan 3

Building

92 apartments, 2-bed to 4-bed over 29 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 4 sold in the last 12 months.

Typical price per sqft
AED 1,504
Typical sale
AED 3.35M
Typical rent
AED 500K /yr
Typical yield
10.6%
Murjan 3, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 24th floor

All 92 units in Murjan 3
Value
24012-bedAED 3.08M · Apr 2016
24022-bedAED 2.48M · Feb 2014
24042-bedAED 2.1M · Aug 2023

2403, Murjan 3 in numbers

  • Sold 3 times: first on 29 December 2008 for AED 1,980,000, last on 24 May 2024 for AED 2,100,000 (AED 1,428 per sqft).
  • Rented since June 2014 on 9 Ejari contracts. The rent fell from AED 170,000 to AED 80,000 in 2016 and recovered to AED 100,000 by October 2022.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 21,900 a year (AED 14.89 per sqft).
  • Two-beds in Murjan 3 sold for AED 2,275,000–2,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,504 per sqft.

Source: Dubai Land Department. Updated 24 May 2024.

Questions about 2403, Murjan 3

What did unit 2403 last sell for?

AED 2,100,000 on 24 May 2024: AED 1,428 per sqft for 1,470 sqft. The unit has 3 registered sales; the first was AED 1,980,000 in December 2008.

What is the rent for unit 2403?

AED 100,000 a year on the contract renewed on 25 October 2022. The previous contract, from October 2020, was AED 90,000; the unit has been rented since June 2014.

How big is unit 2403?

1,470 sqft (136.6 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2007.

What is unit 2403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 3 sold for AED 2,275,000 to 2,275,000 in the last 12 months, around AED 1,548 per sqft.

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Mortgage on 2403, Murjan 3

Starts from the last sale price (AED 2.1M, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →