408, Mazaya - Farah Tower 1
Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mazaya - Farah Tower 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 814 sqft
- Floor
- 4th of 9
- Parking
- G-53
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 9,200 /yr
- Last sold
- AED 320K · March 2022
- Building
- Mazaya - Farah Tower 1
About 408, Mazaya - Farah Tower 1
408 is a one-bedroom apartment of 814 sqft on the 4th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 15 March 2022 for AED 320,000, or AED 393 per sqft, 7% above the AED 368 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 July 2025, is AED 54,000 a year: a gross yield of 16.9% on the 2022 price, before the service charge of about AED 9,200 a year.
Sales and rents for 408 over time
408 has sold twice; 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 - Farah Tower 1, and where 408 sits
All 62 1-beds →408 last sold in March 2022 at AED 393 per sqft, 7% above what one-beds in Mazaya - Farah Tower 1 were fetching at the time (AED 368). Over the last 12 months one-beds sold for AED 550,000, around AED 845 per sqft, and rent for AED 16,000 to 55,000 a year. 408's AED 54,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 651 sqft | 550,000 | 845 | ||
| 11 Feb 202611 February 2026 | 651 sqft | 550,000 | 845 | ||
| 11 Feb 202611 February 2026 | 651 sqft | 550,000 | 845 | ||
| 15 Jul 202515 July 2025 | 651 sqft | 545,000 | 837 |
Mazaya - Farah Tower 1
Building81 apartments, 1-bed to 2-bed over 9 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 3 sold in the last 12 months.
- Typical price per sqft
- AED 845
- Typical sale
- AED 550K
- Typical rent
- AED 46K /yr
- Typical yield
- 6.3%
Other units on the 4th floor
All 81 units in Mazaya - Farah Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 650 sqft | AED 566KAED 565,521 · May 2009May 2009 | 34,000 /yr | |
| 402 | 1-bed | 787 sqft | AED 310KAED 310,000 · Aug 2015August 2015 | ||
| 403 | 1-bed | 651 sqft | AED 550KAED 550,000 · Sep 2015September 2015 | 45,000 /yr | |
| 404 | 1-bed | 815 sqft | AED 650KAED 650,000 · Sep 2015September 2015 | 35,000 /yr | |
| 405 | 1-bed | 816 sqft | AED 430KAED 430,000 · May 2019May 2019 | 47,000 /yr | |
| 406 | 2-bed | 1,082 sqft | AED 545KAED 545,000 · Oct 2022October 2022 | 65,000 /yr | |
| 407 | 2-bed | 1,081 sqft | AED 700KAED 700,000 · Jul 2024July 2024 | 40,000 /yr | |
| 409 | 1-bed | 812 sqft | AED 445KAED 445,000 · Mar 2019March 2019 | 40,000 /yr |
408, Mazaya - Farah Tower 1 in numbers
- Sold twice: first on 5 October 2015 for AED 655,000, last on 15 March 2022 for AED 320,000 (AED 393 per sqft).
- Rented since February 2021 on 5 Ejari contracts, from AED 26,000 to AED 54,000 a year.
- At AED 54,000 a year the gross yield on the 2022 price is 16.9%, before a service charge of about AED 9,200 a year (AED 11.30 per sqft).
- One-beds in Mazaya - Farah Tower 1 sold for AED 550,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 845 per sqft.
Source: Dubai Land Department. Updated 1 July 2025.
Questions about 408, Mazaya - Farah Tower 1
What did unit 408 last sell for?
AED 320,000 on 15 March 2022: AED 393 per sqft for 814 sqft. The unit has 2 registered sales; the first was AED 655,000 in October 2015.
What is the rent for unit 408?
AED 54,000 a year on the contract signed on 1 July 2025. The previous contract, from April 2024, was AED 48,000; the unit has been rented since February 2021.
How big is unit 408?
814 sqft (75.6 sqm): a one-bedroom apartment on the 4th floor of a 9-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 - Farah Tower 1 sold for AED 550,000 to 550,000 in the last 12 months, around AED 845 per sqft.
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Mortgage on 408, Mazaya - Farah Tower 1
Starts from the last sale price (AED 320K, 15 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus AED 16,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →