602, Murjan 5
Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Murjan 5
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 February 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,396 sqft
- Floor
- 6th of 41
- Parking
- B242
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 20,800 /yr
- Last sold
- AED 2.16M · February 2014
- Building
- Murjan 5
About 602, Murjan 5
602 is a two-bedroom apartment of 1,396 sqft on the 6th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 6 February 2014 for AED 2,160,000, or AED 1,546 per sqft, 116% above the AED 716 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 75,000 a year: a gross yield of 3.5% on the 2014 price, before the service charge of about AED 20,800 a year.
Sales and rents for 602 over time
602 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Murjan 5, and where 602 sits
All 26 2-beds →602 last sold in February 2014 at AED 1,546 per sqft, 116% above what two-beds in Murjan 5 were fetching at the time (AED 716). Over the last 12 months two-beds sold for AED 1,850,000, around AED 1,324 per sqft, and rent for AED 113,400 to 137,000 a year. 602's AED 75,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 May 202423 May 2024 | 1,396 sqft | 1,890,000 | 1,353 | ||
| 26 Feb 202426 February 2024 | 1,396 sqft | 1,500,000 | 1,074 | ||
| 20 Jul 202320 July 2023 | 1,396 sqft | 1,700,000 | 1,217 | ||
| 6 Jun 20236 June 2023 | 1,396 sqft | 1,586,362 | 1,136 |
Murjan 5
Building120 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%
Other units on the 6th floor
All 120 units in Murjan 5602, Murjan 5 in numbers
- Sold twice: first on 29 December 2013 for AED 635,000, last on 6 February 2014 for AED 2,160,000 (AED 1,546 per sqft).
- Rented since February 2014 on 5 Ejari contracts, from AED 130,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2014 price is 3.5%, before a service charge of about AED 20,800 a year (AED 14.89 per sqft).
- Two-beds in Murjan 5 sold for AED 1,850,000–1,850,000 in the 12 months to November 2026; the building's median across all types is AED 1,324 per sqft.
Source: Dubai Land Department. Updated 1 February 2021.
Questions about 602, Murjan 5
What did unit 602 last sell for?
AED 2,160,000 on 6 February 2014: AED 1,546 per sqft for 1,396 sqft. The unit has 2 registered sales; the first was AED 635,000 in December 2013.
What is the rent for unit 602?
AED 75,000 a year on the contract renewed on 1 February 2021. The previous contract, from December 2019, was AED 90,000; the unit has been rented since February 2014.
How big is unit 602?
1,396 sqft (129.7 sqm): a two-bedroom apartment on the 6th floor of a 41-storey tower completed in 2007.
What is unit 602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Murjan 5 sold for AED 1,850,000 to 1,850,000 in the last 12 months, around AED 1,324 per sqft.
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Mortgage on 602, Murjan 5
Starts from the last sale price (AED 2.16M, 6 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 2,160,000
- Deposit, UAE resident (20%)
- AED 432,000
- Deposit, non-resident (40%)
- AED 864,000
- Monthly over 25 years at 3.7%
- AED 8,837
Plus AED 95,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →