408, Mazaya 15
Sold prices and rental history: sold once, by the developer in January 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mazaya 15
What is 408 worth today?
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Source: Dubai Land Department. Updated 16 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 834 sqft
- Floor
- 4th of 10
- Parking
- G-09
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 8,000 /yr
- Last sold
- AED 709K · January 2016
- Building
- Mazaya 15
About 408, Mazaya 15
408 is a one-bedroom apartment of 834 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 13 January 2016 for AED 708,985, or AED 850 per sqft, 119% above the AED 388 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 16 May 2025, is AED 350,000 a year: a gross yield of 49.4% on the 2016 price, before the service charge of about AED 8,000 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mazaya 15, and where 408 sits
All 48 1-beds →408 last sold in January 2016 at AED 850 per sqft, 119% above what one-beds in Mazaya 15 were fetching at the time (AED 388). Over the last 12 months one-beds sold for AED 655,979, around AED 573 per sqft, and rent for AED 39,808 to 56,000 a year. 408's AED 350,000 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 1,143 sqft | 655,979 | 573 | ||
| 15 Jul 202515 July 2025 | 725 sqft | 550,000 | 758 | ||
| 13 Jun 202513 June 2025 | 844 sqft | 610,000 | 722 | ||
| 24 Mar 202524 March 2025 | 718 sqft | 525,000 | 731 |
Mazaya 15
Building82 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%
Other units on the 4th floor
All 82 units in Mazaya 15| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 728 sqft | AED 318KAED 317,500 · Sep 2022September 2022 | 25,000 /yr | |
| 402 | 1-bed | 668 sqft | AED 285KAED 285,000 · May 2022May 2022 | 25,000 /yr | |
| 403 | 1,184 sqft | AED 816KAED 815,687 · Apr 2009April 2009 | 48,000 /yr | ||
| 404 | 1-bed | 844 sqft | AED 401KAED 400,750 · Jul 2023July 2023 | 40,910 /yr | |
| 405 | 1-bed | 698 sqft | AED 510KAED 510,000 · Nov 2015November 2015 | 44,000 /yr | |
| 406 | 1-bed | 718 sqft | AED 525KAED 525,000 · Mar 2025March 2025 | 34,385 /yr | |
| 407 | 1-bed | 698 sqft | AED 300KAED 300,000 · Oct 2021October 2021 | 44,000 /yr | |
| 409 | 2-bed | 1,146 sqft | AED 816KAED 815,687 · Apr 2009April 2009 | 55,650 /yr | |
| 410 | 1-bed | 725 sqft | AED 498KAED 498,000 · Oct 2015October 2015 | 29,000 /yr |
408, Mazaya 15 in numbers
- Sold once: by Al Mazaya Real Estate on 13 January 2016 for AED 708,985, or AED 850 per sqft.
- Rented since February 2016 on 5 Ejari contracts. The rent fell from AED 56,000 to AED 46,000 in 2017 and recovered to AED 350,000 by May 2025.
- At AED 350,000 a year the gross yield on the 2016 price is 49.4%, before a service charge of about AED 8,000 a year (AED 9.65 per sqft).
- One-beds in Mazaya 15 sold for AED 655,979–655,979 in the 12 months to November 2026; the building's median across all types is AED 573 per sqft.
Source: Dubai Land Department. Updated 16 May 2025.
Questions about 408, Mazaya 15
What did unit 408 last sell for?
AED 708,985 on 13 January 2016, sold by the developer: AED 850 per sqft for 834 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 350,000 a year on the contract signed on 16 May 2025. The previous contract, from February 2021, was AED 50,000; the unit has been rented since February 2016.
How big is unit 408?
834 sqft (77.5 sqm): a one-bedroom apartment on the 4th floor of a 10-storey tower completed in 2014.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 15 sold for AED 655,979 to 655,979 in the last 12 months, around AED 573 per sqft.
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Mortgage on 408, Mazaya 15
Starts from the last sale price (AED 709K, 13 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 708,985
- Deposit, UAE resident (20%)
- AED 141,797
- Deposit, non-resident (40%)
- AED 283,594
- Monthly over 25 years at 3.7%
- AED 2,901
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →