1,184 sqftMazaya 15, Liwan · 4th floor · completed 2014

403, Mazaya 15

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 816K26 April 2009
Current rentAED 48K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Mazaya 15

What is 403 worth today?

Last sold for AED 815,687 in 2009

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1 Jul 2024RentedRenewal
AED 48,000/yr12 months · AED 41 per sqft
1 Jul 2023RentedRenewal
AED 43,000/yr12 months · AED 36 per sqft
1 Jul 2021RentedRenewal
AED 38,250/yr12 months · AED 32 per sqft
12 Nov 2018RentedNew contract
AED 54,000/yr12 months · AED 46 per sqft
13 Oct 2016RentedNew contract
AED 70,000/yr12 months · AED 59 per sqft
1 Jul 2016RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
1 Jul 2015RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
26 Apr 2009Sold by developerOff-plan
AED 815,687AED 689 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
Apartment
Size
1,184 sqft
Floor
4th of 10
Parking
G-80
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,400 /yr
Last sold
AED 816K · April 2009
Building
Mazaya 15

About 403, Mazaya 15

403 is an apartment of 1,184 sqft on the 4th floor of Mazaya 15, a 10-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 26 April 2009 for AED 815,687, or AED 689 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 48,000 a year: a gross yield of 5.9% on the 2009 price, before the service charge of about AED 11,400 a year.

Mazaya 15

Building

82 apartments, 1-bed to 3-bed over 10 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 1 sold in the last 12 months.

Typical price per sqft
AED 573
Typical sale
AED 656K
Typical rent
AED 53K /yr
Typical yield
11.3%
Mazaya 15, Liwan: prices, sales and rents →

Other units on the 4th floor

All 82 units in Mazaya 15
Value
4011-bedAED 318K · Sep 2022
4021-bedAED 285K · May 2022
4041-bedAED 401K · Jul 2023
4051-bedAED 510K · Nov 2015
4061-bedAED 525K · Mar 2025
4071-bedAED 300K · Oct 2021
4081-bedAED 709K · Jan 2016
1–7 of 9

403, Mazaya 15 in numbers

  • Sold once: by Al Mazaya Real Estate on 26 April 2009 for AED 815,687, or AED 689 per sqft.
  • Rented since July 2015 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 38,250 in 2021 and recovered to AED 48,000 by July 2024.
  • At AED 48,000 a year the gross yield on the 2009 price is 5.9%, before a service charge of about AED 11,400 a year (AED 9.65 per sqft).

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 403, Mazaya 15

What did unit 403 last sell for?

AED 815,687 on 26 April 2009, sold by the developer: AED 689 per sqft for 1,184 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 48,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 43,000; the unit has been rented since July 2015.

How big is unit 403?

1,184 sqft (110.0 sqm): an apartment on the 4th floor of a 10-storey tower completed in 2014.

What is unit 403 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 403, Mazaya 15

Starts from the last sale price (AED 816K, 26 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 815,687
Deposit, UAE resident (20%)
AED 163,137
Deposit, non-resident (40%)
AED 326,275
Monthly over 25 years at 3.7%
AED 3,337

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →