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1-bed · 723 sqftMazaya 24, Liwan · 4th floor · completed 2014

404, Mazaya 24

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.

Unit 404 · DLD and Ejari recordsUpdated 5 March 2023
Last soldAED 539K20 May 2009
Current rentAED 36K /yr5 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 404, Mazaya 24

What is 404 worth today?

Last sold for AED 538,639 in 2009

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5 Mar 2023RentedRenewal
AED 36,000/yr12 months · AED 50 per sqft
5 Mar 2022RentedNew contract
AED 25,000/yr12 months · AED 35 per sqft
27 Feb 2021RentedNew contract
AED 22,000/yr12 months · AED 31 per sqft
1 Feb 2016RentedNew contract
AED 53,000/yr12 months · AED 73 per sqft
1 Feb 2015RentedNew contract
AED 50,000/yr12 months · AED 69 per sqft
20 May 2009Sold by developerOff-plan
AED 538,639AED 744 per sqft

Source: Dubai Land Department. Updated 5 March 2023.

Key facts

Type
1-bed apartment
Size
723 sqft
Floor
4th of 5
Parking
G-34
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,700 /yr
Last sold
AED 539K · May 2009
Building
Mazaya 24

About 404, Mazaya 24

404 is a one-bedroom apartment of 723 sqft on the 4th floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 20 May 2009 for AED 538,639, or AED 744 per sqft, 5% above the AED 707 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 5 March 2023, is AED 36,000 a year: a gross yield of 6.7% on the 2009 price, before the service charge of about AED 8,700 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical one-bed in Mazaya 24
400K2009201420192024Typical sale price by year: 2009 AED 423,391; 2014 AED 479,951; 2015 AED 489,196; 2016 AED 445,000; 2017 AED 418,695; 2022 AED 330,000; 2023 AED 313,750; 2024 AED 370,000; 2026 AED 500,000Sold by developer, May 2009: AED 538,639 (AED 744 per sqft)

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

Rents
Unit 404, each contractTypical one-bed in Mazaya 24
20K40K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 43,000; 2018 AED 40,250; 2019 AED 33,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 27,963; 2023 AED 33,000; 2024 AED 38,775; 2025 AED 45,000; 2026 AED 44,550New contract, February 2015: AED 50,000 a yearNew contract, February 2016: AED 53,000 a yearNew contract, February 2021: AED 22,000 a yearNew contract, March 2022: AED 25,000 a yearRenewal, March 2023: AED 36,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Mazaya 24, and where 404 sits

All 44 1-beds →

404 last sold in May 2009 at AED 744 per sqft, 5% above what one-beds in Mazaya 24 were fetching at the time (AED 707). Over the last 12 months one-beds sold for AED 425,444 to 560,000, around AED 877 per sqft, and rent for AED 33,000 to 56,000 a year. 404's AED 36,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 2026425,444
6 Feb 2026560,000
21 Jan 2026550,000
14 Jan 2026450,000
4 1-bed sales in the last 12 months

Mazaya 24

Building

65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 4 sold in the last 12 months.

Typical price per sqft
AED 877
Typical sale
AED 500K
Typical rent
AED 45K /yr
Typical yield
8.7%
Mazaya 24, Liwan: prices, sales and rents →

Other units on the 4th floor

All 65 units in Mazaya 24
Value
4012-bedAED 730K · Mar 2017
4021-bedAED 445K · Mar 2016
4031-bedAED 537K · Apr 2009
4052-bedAED 760K · May 2015
4061-bedAED 400K · Mar 2009
4071-bedAED 400K · Mar 2009
4082-bedAED 675K · Nov 2024
1–7 of 12

404, Mazaya 24 in numbers

  • Sold once: by Al Mazaya Real Estate on 20 May 2009 for AED 538,639, or AED 744 per sqft.
  • Rented since February 2015 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 22,000 in 2021 and recovered to AED 36,000 by March 2023.
  • At AED 36,000 a year the gross yield on the 2009 price is 6.7%, before a service charge of about AED 8,700 a year (AED 12.09 per sqft).
  • One-beds in Mazaya 24 sold for AED 425,444–560,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 5 March 2023.

Questions about 404, Mazaya 24

What did unit 404 last sell for?

AED 538,639 on 20 May 2009, sold by the developer: AED 744 per sqft for 723 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 36,000 a year on the contract renewed on 5 March 2023. The previous contract, from March 2022, was AED 25,000; the unit has been rented since February 2015.

How big is unit 404?

723 sqft (67.2 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2014.

What is unit 404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 24 sold for AED 425,444 to 560,000 in the last 12 months, around AED 877 per sqft.

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Mortgage on 404, Mazaya 24

Starts from the last sale price (AED 539K, 20 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 538,639
Deposit, UAE resident (20%)
AED 107,728
Deposit, non-resident (40%)
AED 215,456
Monthly over 25 years at 3.7%
AED 2,204

Plus AED 27,633 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →