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3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Murjan 5

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 27 December 2023
Last soldAED 3.18M27 December 2023
Current rentAED 100K /yr13 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Murjan 5

What is 2303 worth today?

Last sold for AED 3,175,000 in 2023

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27 Dec 2023SoldReady
AED 3,175,000AED 1,686 per sqft
22 May 2023SoldReady
AED 2,100,000AED 1,115 per sqft
13 Feb 2023RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
13 Feb 2022RentedRenewal
AED 90,000/yr12 months · AED 48 per sqft
13 Feb 2020RentedRenewal
AED 120,000/yr12 months · AED 64 per sqft
27 Oct 2017RentedRenewal
AED 160,000/yr12 months · AED 85 per sqft
27 Oct 2016RentedNew contract
AED 171,907/yr12 months · AED 91 per sqft
27 Oct 2015RentedRenewal
AED 163,721/yr12 months · AED 87 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 December 2023.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
23rd of 41
Parking
B387-388
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 3.18M · December 2023
Building
Murjan 5

About 2303, Murjan 5

2303 is a three-bedroom apartment of 1,882 sqft on the 23rd floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 December 2023 for AED 3,175,000, or AED 1,686 per sqft, 30% above the AED 1,301 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 13 February 2023, is AED 100,000 a year: a gross yield of 3.1% on the 2023 price, before the service charge of about AED 28,000 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, each saleTypical three-bed in Murjan 5
2M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,941,000; 2010 AED 699,000; 2011 AED 1,625,000; 2012 AED 1,585,000; 2013 AED 699,000; 2014 AED 1,174,500; 2017 AED 2,330,000; 2019 AED 1,600,000; 2020 AED 1,315,000; 2021 AED 1,734,338; 2022 AED 2,000,000; 2023 AED 2,450,000; 2024 AED 2,525,000; 2025 AED 3,100,000Sold by developer, April 2008: AED 699,000 (AED 371 per sqft)Sold, May 2023: AED 2,100,000 (AED 1,115 per sqft)Sold, December 2023: AED 3,175,000 (AED 1,686 per sqft)

2303 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2303, each contractTypical three-bed in Murjan 5
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 140,000; 2014 AED 162,500; 2015 AED 170,000; 2016 AED 168,191; 2017 AED 160,000; 2018 AED 142,000; 2019 AED 127,000; 2020 AED 107,500; 2021 AED 97,500; 2022 AED 115,000; 2023 AED 145,000; 2024 AED 167,750; 2025 AED 170,000New contract, October 2012: AED 135,000 a yearNew contract, October 2013: AED 141,750 a yearNew contract, October 2014: AED 155,925 a yearRenewal, October 2015: AED 163,721 a yearNew contract, October 2016: AED 171,907 a yearRenewal, October 2017: AED 160,000 a yearRenewal, February 2020: AED 120,000 a yearRenewal, February 2022: AED 90,000 a yearRenewal, February 2023: AED 100,000 a year

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

3-beds in Murjan 5, and where 2303 sits

All 56 3-beds →

2303 last sold in December 2023 at AED 1,686 per sqft, 30% above what three-beds in Murjan 5 were fetching at the time (AED 1,301). 2303's AED 100,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Jul 20253,200,000
9 Jul 20253,000,000
16 Jun 20252,600,000
14 Apr 20253,900,000
0 3-bed sales in the last 12 months

Murjan 5

Building

120 apartments, 2-bed to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 1 sold in the last 12 months.

Typical price per sqft
AED 1,324
Typical sale
AED 1.85M
Typical rent
AED 170K /yr
Typical yield
6.8%
Murjan 5, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 23rd floor

All 120 units in Murjan 5
Value
23014-bedAED 949K · Jul 2015
23023-bedAED 699K · Oct 2013

2303, Murjan 5 in numbers

  • Sold 3 times: first on 13 April 2008 for AED 699,000, last on 27 December 2023 for AED 3,175,000 (AED 1,686 per sqft).
  • Rented since October 2012 on 9 Ejari contracts. The rent fell from AED 135,000 to AED 90,000 in 2022 and recovered to AED 100,000 by February 2023.
  • At AED 100,000 a year the gross yield on the 2023 price is 3.1%, before a service charge of about AED 28,000 a year (AED 14.89 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 27 December 2023.

Questions about 2303, Murjan 5

What did unit 2303 last sell for?

AED 3,175,000 on 27 December 2023: AED 1,686 per sqft for 1,882 sqft. The unit has 3 registered sales; the first was AED 699,000 in April 2008.

What is the rent for unit 2303?

AED 100,000 a year on the contract renewed on 13 February 2023. The previous contract, from February 2022, was AED 90,000; the unit has been rented since October 2012.

How big is unit 2303?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 23rd floor of a 41-storey tower completed in 2007.

What is unit 2303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2303, Murjan 5

Starts from the last sale price (AED 3.18M, 27 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,175,000
Deposit, UAE resident (20%)
AED 635,000
Deposit, non-resident (40%)
AED 1,270,000
Monthly over 25 years at 3.7%
AED 12,990

Plus AED 138,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →