3-bed · 1,882 sqftMurjan 5, Jumeirah Beach Residence · 29th floor · completed 2007

2903, Murjan 5

Sold prices and rental history: sold once, by the developer in January 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2903 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 699K28 January 2013
Current rentAED 140K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2903, Murjan 5

What is 2903 worth today?

Last sold for AED 699,000 in 2013

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1 Aug 2023RentedRenewal
AED 140,000/yr12 months · AED 75 per sqft
1 Aug 2022RentedNew contract
AED 140,000/yr12 months · AED 75 per sqft
18 Jul 2021RentedNew contract
AED 130,000/yr12 months · AED 69 per sqft
15 Jul 2020RentedNew contract
AED 129,000/yr12 months · AED 68 per sqft
25 Oct 2018RentedNew contract
AED 138,000/yr12 months · AED 73 per sqft
25 Oct 2017RentedNew contract
AED 160,000/yr12 months · AED 85 per sqft
15 Oct 2016RentedNew contract
AED 170,000/yr12 months · AED 90 per sqft
15 Oct 2015RentedNew contract
AED 245,000/yr12 months · AED 130 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
29th of 41
Parking
M214-215
Developer
Dubai Properties
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 699K · January 2013
Building
Murjan 5

About 2903, Murjan 5

2903 is a three-bedroom apartment of 1,882 sqft on the 29th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 28 January 2013 for AED 699,000, or AED 371 per sqft, 33% below the AED 557 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 140,000 a year: a gross yield of 20.0% on the 2013 price, before the service charge of about AED 28,000 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, 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, January 2013: AED 699,000 (AED 371 per sqft)

2903 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2903, each contractTypical three-bed in Murjan 5
100K200K2012201620202024Typical 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, March 2013: AED 150,000 a yearNew contract, October 2015: AED 245,000 a yearNew contract, October 2016: AED 170,000 a yearNew contract, October 2017: AED 160,000 a yearNew contract, October 2018: AED 138,000 a yearNew contract, July 2020: AED 129,000 a yearNew contract, July 2021: AED 130,000 a yearNew contract, August 2022: AED 140,000 a yearRenewal, August 2023: AED 140,000 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 2903 sits

All 56 3-beds →

2903 last sold in January 2013 at AED 371 per sqft, 33% below what three-beds in Murjan 5 were fetching at the time (AED 557). 2903's AED 140,000 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 29th floor

All 120 units in Murjan 5
Value
29014-bedAED 2.47M · Mar 2022
29023-bedAED 1.6M · Sep 2019

2903, Murjan 5 in numbers

  • Sold once: by Dubai Properties on 28 January 2013 for AED 699,000, or AED 371 per sqft.
  • Rented since March 2013 on 9 Ejari contracts, from AED 150,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2013 price is 20.0%, before a service charge of about AED 28,000 a year (AED 14.89 per sqft).

Source: Dubai Land Department. Updated 1 August 2023.

Questions about 2903, Murjan 5

What did unit 2903 last sell for?

AED 699,000 on 28 January 2013, sold by the developer: AED 371 per sqft for 1,882 sqft. It is the only registered sale of the unit.

What is the rent for unit 2903?

AED 140,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 140,000; the unit has been rented since March 2013.

How big is unit 2903?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 29th floor of a 41-storey tower completed in 2007.

What is unit 2903 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 2903, Murjan 5

Starts from the last sale price (AED 699K, 28 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 699,000
Deposit, UAE resident (20%)
AED 139,800
Deposit, non-resident (40%)
AED 279,600
Monthly over 25 years at 3.7%
AED 2,860

Plus AED 34,368 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →