2-bed · 1,466 sqftMurjan 3, Jumeirah Beach Residence · 27th floor · completed 2007

2704, Murjan 3

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2704 · DLD and Ejari recordsUpdated 14 September 2022
Last soldAED 1.95M14 September 2022
Current rentAED 140K /yr21 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2704, Murjan 3

What is 2704 worth today?

Last sold for AED 1,950,000 in 2022

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14 Sep 2022SoldReady
AED 1,950,000AED 1,330 per sqft
21 Feb 2018RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
1 Feb 2017RentedRenewal
AED 165,000/yr12 months · AED 113 per sqft
1 Feb 2016RentedRenewal
AED 165,000/yr12 months · AED 113 per sqft
1 Oct 2014RentedNew contract
AED 160,000/yr12 months · AED 109 per sqft
10 Mar 2010Sold by developerReady
AED 2,325,000AED 1,585 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2022.

Key facts

Type
2-bed apartment
Size
1,466 sqft
Floor
27th of 29
Parking
G535
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 1.95M · September 2022
Building
Murjan 3

About 2704, Murjan 3

2704 is a two-bedroom apartment of 1,466 sqft on the 27th floor of Murjan 3, a 29-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 September 2022 for AED 1,950,000, or AED 1,330 per sqft, 7% above the AED 1,245 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 21 February 2018, is AED 140,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 21,800 a year.

Sales and rents for 2704 over time

Sales
Unit 2704, 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, March 2010: AED 2,325,000 (AED 1,585 per sqft)Sold, September 2022: AED 1,950,000 (AED 1,330 per sqft)

2704 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2704, 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, October 2014: AED 160,000 a yearRenewal, February 2016: AED 165,000 a yearRenewal, February 2017: AED 165,000 a yearNew contract, February 2018: AED 140,000 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 2704 sits

All 23 2-beds →

2704 last sold in September 2022 at AED 1,330 per sqft, 7% above what two-beds in Murjan 3 were fetching at the time (AED 1,245). 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
24 May 20242,100,000
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 27th floor

All 92 units in Murjan 3
Value
27012-bedAED 2.05M · Mar 2022
2702AED 2M · Oct 2025
27032-bedAED 1.98M · Aug 2016

2704, Murjan 3 in numbers

  • Sold twice: first on 10 March 2010 for AED 2,325,000, last on 14 September 2022 for AED 1,950,000 (AED 1,330 per sqft).
  • Rented since October 2014 on 4 Ejari contracts, from AED 160,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 21,800 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: YallaValue analysis of Dubai Land Department records. Updated 14 September 2022.

Questions about 2704, Murjan 3

What did unit 2704 last sell for?

AED 1,950,000 on 14 September 2022: AED 1,330 per sqft for 1,466 sqft. The unit has 2 registered sales; the first was AED 2,325,000 in March 2010.

What is the rent for unit 2704?

AED 140,000 a year on the contract signed on 21 February 2018. The previous contract, from February 2017, was AED 165,000; the unit has been rented since October 2014.

How big is unit 2704?

1,466 sqft (136.2 sqm): a two-bedroom apartment on the 27th floor of a 29-storey tower completed in 2007.

What is unit 2704 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 2704, Murjan 3

Starts from the last sale price (AED 1.95M, 14 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

Plus AED 86,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →