407, Mazaya 24
Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Mazaya 24
What is 407 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 570 sqft
- Floor
- 4th of 5
- Parking
- G-04
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 6,900 /yr
- Last sold
- AED 400K · March 2009
- Building
- Mazaya 24
About 407, Mazaya 24
407 is a one-bedroom apartment of 570 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 10 March 2009 for AED 399,538, or AED 700 per sqft, in line with the AED 705 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 July 2024, is AED 40,000 a year: a gross yield of 10.0% on the 2009 price, before the service charge of about AED 6,900 a year.
Sales and rents for 407 over time
407 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 24, and where 407 sits
All 44 1-beds →407 last sold in March 2009 at AED 700 per sqft, in line with what one-beds in Mazaya 24 were fetching at the time (AED 705). 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. 407's AED 40,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 720 sqft | 425,444 | 590 | ||
| 6 Feb 20266 February 2026 | 567 sqft | 560,000 | 988 | ||
| 21 Jan 202621 January 2026 | 570 sqft | 550,000 | 964 | ||
| 14 Jan 202614 January 2026 | 570 sqft | 450,000 | 789 |
Mazaya 24
Building65 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%
Other units on the 4th floor
All 65 units in Mazaya 24| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,040 sqft | AED 730KAED 730,000 · Mar 2017March 2017 | 36,000 /yr | |
| 402 | 1-bed | 728 sqft | AED 445KAED 445,000 · Mar 2016March 2016 | 44,100 /yr | |
| 403 | 1-bed | 360 sqft | AED 537KAED 537,492 · Apr 2009April 2009 | 54,000 /yr | |
| 404 | 1-bed | 723 sqft | AED 539KAED 538,639 · May 2009May 2009 | 36,000 /yr | |
| 405 | 2-bed | 1,042 sqft | AED 760KAED 760,000 · May 2015May 2015 | 58,000 /yr | |
| 406 | 1-bed | 567 sqft | AED 400KAED 399,538 · Mar 2009March 2009 | 43,000 /yr | |
| 408 | 2-bed | 1,054 sqft | AED 675KAED 675,000 · Nov 2024November 2024 | 42,000 /yr | |
| 409 | 1-bed | 928 sqft | AED 340KAED 340,000 · Sep 2021September 2021 | 56,000 /yr | |
| 410 | 1-bed | 929 sqft | AED 315KAED 315,000 · Jun 2022June 2022 | 55,000 /yr | |
| 411 | 2-bed | 1,053 sqft | AED 750KAED 750,000 · Oct 2016October 2016 | 55,125 /yr | |
| 412 | 1-bed | 571 sqft | AED 478KAED 478,391 · Jan 2015January 2015 | 45,000 /yr | |
| 413 | 1-bed | 565 sqft | AED 473KAED 473,391 · Dec 2014December 2014 | 24,931 /yr |
407, Mazaya 24 in numbers
- Sold once: by Al Mazaya Real Estate on 10 March 2009 for AED 399,538, or AED 700 per sqft.
- Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 42,000 to AED 25,000 in 2022 and recovered to AED 40,000 by July 2024.
- At AED 40,000 a year the gross yield on the 2009 price is 10.0%, before a service charge of about AED 6,900 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 1 July 2024.
Questions about 407, Mazaya 24
What did unit 407 last sell for?
AED 399,538 on 10 March 2009, sold by the developer: AED 700 per sqft for 570 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 40,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2023, was AED 33,000; the unit has been rented since July 2017.
How big is unit 407?
570 sqft (53.0 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2014.
What is unit 407 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 407, Mazaya 24
Starts from the last sale price (AED 400K, 10 March 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 399,538
- Deposit, UAE resident (20%)
- AED 79,908
- Deposit, non-resident (40%)
- AED 159,815
- Monthly over 25 years at 3.7%
- AED 1,635
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →