1407, Mazaya 03
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1407, Mazaya 03
What is 1407 worth today?
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Source: Dubai Land Department. Updated 15 October 2021.
Key facts
- Type
- Apartment
- Size
- 538 sqft
- Floor
- 14th of 14
- Parking
- G-48
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 4,000 /yr
- Last sold
- AED 427K · May 2009
- Building
- Mazaya 03
About 1407, Mazaya 03
1407 is an apartment of 538 sqft on the 14th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 426,578, or AED 793 per sqft.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 15 October 2021, is AED 22,000 a year: a gross yield of 5.2% on the 2009 price, before the service charge of about AED 4,000 a year.
Mazaya 03
Building219 apartments, studios to 3-bed over 14 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 582
- Typical sale
- AED 499K
- Typical rent
- AED 50K /yr
- Typical yield
- 6.6%
Other units on the 14th floor
All 219 units in Mazaya 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 524 sqft | AED 399KAED 398,934 · May 2009May 2009 | 27,000 /yr | ||
| 1402 | 638 sqft | AED 481KAED 481,493 · May 2009May 2009 | 26,000 /yr | ||
| 1403 | 898 sqft | AED 676KAED 675,684 · May 2009May 2009 | 32,000 /yr | ||
| 1404 | 925 sqft | AED 675KAED 675,078 · May 2009May 2009 | 30,000 /yr | ||
| 1405 | 1-bed | 952 sqft | AED 698KAED 697,705 · May 2009May 2009 | 30,000 /yr | |
| 1406 | 1-bed | 922 sqft | AED 668KAED 667,513 · May 2009May 2009 | 28,000 /yr |
1407, Mazaya 03 in numbers
- Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 426,578, or AED 793 per sqft.
- Rented since April 2015 on 7 Ejari contracts, from AED 48,000 to AED 22,000 a year.
- At AED 22,000 a year the gross yield on the 2009 price is 5.2%, before a service charge of about AED 4,000 a year (AED 7.37 per sqft).
Source: Dubai Land Department. Updated 15 October 2021.
Questions about 1407, Mazaya 03
What did unit 1407 last sell for?
AED 426,578 on 4 May 2009, sold by the developer: AED 793 per sqft for 538 sqft. It is the only registered sale of the unit.
What is the rent for unit 1407?
AED 22,000 a year on the contract signed on 15 October 2021. The previous contract, from July 2020, was AED 25,000; the unit has been rented since April 2015.
How big is unit 1407?
538 sqft (50.0 sqm): an apartment on the 14th floor of a 14-storey tower completed in 2014.
What is unit 1407 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 1407, Mazaya 03
Starts from the last sale price (AED 427K, 4 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 426,578
- Deposit, UAE resident (20%)
- AED 85,316
- Deposit, non-resident (40%)
- AED 170,631
- Monthly over 25 years at 3.7%
- AED 1,745
Plus AED 20,826 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →