701, Murjan 5
Sold prices and rental history: sold twice, last in September 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Murjan 5
What is 701 worth today?
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Source: Dubai Land Department. Updated 10 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,396 sqft
- Floor
- 7th of 41
- Parking
- B230
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 20,800 /yr
- Last sold
- AED 2.25M · September 2008
- Building
- Murjan 5
About 701, Murjan 5
701 is a two-bedroom apartment of 1,396 sqft on the 7th floor of Murjan 5, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 September 2008 for AED 2,250,000, or AED 1,611 per sqft, 276% above the AED 428 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 10 December 2024, is AED 116,000 a year: a gross yield of 5.2% on the 2008 price, before the service charge of about AED 20,800 a year.
Sales and rents for 701 over time
701 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 701 sits
All 26 2-beds →701 last sold in September 2008 at AED 1,611 per sqft, 276% above what two-beds in Murjan 5 were fetching at the time (AED 428). 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. 701's AED 116,000 is in the lower half 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 7th floor
All 120 units in Murjan 5701, Murjan 5 in numbers
- Sold twice: first on 5 December 2007 for AED 550,000, last on 9 September 2008 for AED 2,250,000 (AED 1,611 per sqft).
- Rented since November 2012 on 13 Ejari contracts, from AED 20,000 to AED 116,000 a year.
- At AED 116,000 a year the gross yield on the 2008 price is 5.2%, 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 10 December 2024.
Questions about 701, Murjan 5
What did unit 701 last sell for?
AED 2,250,000 on 9 September 2008: AED 1,611 per sqft for 1,396 sqft. The unit has 2 registered sales; the first was AED 550,000 in December 2007.
What is the rent for unit 701?
AED 116,000 a year on the contract renewed on 10 December 2024. The previous contract, from December 2023, was AED 105,000; the unit has been rented since November 2012.
How big is unit 701?
1,396 sqft (129.7 sqm): a two-bedroom apartment on the 7th floor of a 41-storey tower completed in 2007.
What is unit 701 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 701, Murjan 5
Starts from the last sale price (AED 2.25M, 9 September 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →