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3-bed · 1,882 sqftMurjan 6, Jumeirah Beach Residence · 7th floor · completed 2007

704, Murjan 6

Sold prices and rental history: sold once, by the developer in August 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 20 May 2023
Last soldAED 699K27 August 2008
Current rentAED 127K /yr20 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Murjan 6

What is 704 worth today?

Last sold for AED 699,000 in 2008

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20 May 2023RentedRenewal
AED 127,000/yr12 months · AED 67 per sqft
20 May 2022RentedNew contract
AED 116,000/yr12 months · AED 62 per sqft
15 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 45 per sqft
1 Apr 2019RentedRenewal
AED 140,000/yr12 months · AED 74 per sqft
1 Apr 2018RentedRenewal
AED 160,000/yr12 months · AED 85 per sqft
1 Apr 2017RentedRenewal
AED 168,000/yr12 months · AED 89 per sqft
1 Apr 2016RentedNew contract
AED 168,000/yr12 months · AED 89 per sqft
9 Nov 2015RentedNew contract
AED 178,500/yr5 months · AED 95 per sqft

Source: Dubai Land Department. Updated 20 May 2023.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
7th of 41
Parking
B310-311
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,200 /yr
Last sold
AED 699K · August 2008
Building
Murjan 6

About 704, Murjan 6

704 is a three-bedroom apartment of 1,882 sqft on the 7th floor of Murjan 6, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 27 August 2008 for AED 699,000, or AED 371 per sqft, in line with the AED 371 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 20 May 2023, is AED 127,000 a year: a gross yield of 18.2% on the 2008 price, before the service charge of about AED 30,200 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical three-bed in Murjan 6
2M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,995,800; 2010 AED 1,550,000; 2011 AED 1,575,000; 2012 AED 975,000; 2013 AED 2,275,000; 2014 AED 3,050,000; 2015 AED 2,612,500; 2019 AED 1,550,000; 2023 AED 2,425,000; 2024 AED 2,525,000Sold by developer, August 2008: AED 699,000 (AED 371 per sqft)

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

Rents
Unit 704, each contractTypical three-bed in Murjan 6
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 143,000; 2014 AED 155,000; 2015 AED 170,000; 2016 AED 165,000; 2017 AED 160,000; 2018 AED 150,000; 2019 AED 125,000; 2020 AED 100,000; 2021 AED 110,000; 2022 AED 127,812; 2023 AED 138,600; 2024 AED 165,000; 2025 AED 170,000New contract, November 2015: AED 178,500 a yearNew contract, April 2016: AED 168,000 a yearRenewal, April 2017: AED 168,000 a yearRenewal, April 2018: AED 160,000 a yearRenewal, April 2019: AED 140,000 a yearNew contract, September 2020: AED 85,000 a yearNew contract, May 2022: AED 116,000 a yearRenewal, May 2023: AED 127,000 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 6, and where 704 sits

All 51 3-beds →

704 last sold in August 2008 at AED 371 per sqft, in line with what three-beds in Murjan 6 were fetching at the time (AED 371). 704's AED 127,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Mar 20252,620,000
26 Dec 20242,700,000
25 Nov 20242,455,000
8 Oct 20242,525,000
0 3-bed sales in the last 12 months

Murjan 6

Building

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

Typical price per sqft
AED 1,757
Typical sale
AED 3.29M
Typical rent
AED 170K /yr
Typical yield
5.3%
Murjan 6, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 7th floor

All 119 units in Murjan 6
Value
7012-bedAED 1.4M · Oct 2007
7022-bedAED 550K · Apr 2008
7033-bedAED 3.08M · Aug 2014

704, Murjan 6 in numbers

  • Sold once: by Dubai Properties on 27 August 2008 for AED 699,000, or AED 371 per sqft.
  • Rented since November 2015 on 8 Ejari contracts. The rent fell from AED 178,500 to AED 85,000 in 2020 and recovered to AED 127,000 by May 2023.
  • At AED 127,000 a year the gross yield on the 2008 price is 18.2%, before a service charge of about AED 30,200 a year (AED 16.04 per sqft).

Source: Dubai Land Department. Updated 20 May 2023.

Questions about 704, Murjan 6

What did unit 704 last sell for?

AED 699,000 on 27 August 2008, 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 704?

AED 127,000 a year on the contract renewed on 20 May 2023. The previous contract, from May 2022, was AED 116,000; the unit has been rented since November 2015.

How big is unit 704?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 7th floor of a 41-storey tower completed in 2007.

What is unit 704 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 704, Murjan 6

Starts from the last sale price (AED 699K, 27 August 2008). 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 →