1-bed · 811 sqftMazaya - Farah Tower 1, Liwan · 7th floor · completed 2014

709, Mazaya - Farah Tower 1

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 4 August 2024
Last soldAED 751K4 May 2009
Current rentAED 43K /yr4 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Mazaya - Farah Tower 1

What is 709 worth today?

Last sold for AED 751,047 in 2009

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4 Aug 2024RentedRenewal
AED 43,000/yr12 months · AED 53 per sqft
1 Feb 2023RentedRenewal
AED 34,000/yr6 months · AED 42 per sqft
1 Feb 2022RentedRenewal
AED 30,000/yr12 months · AED 37 per sqft
1 Feb 2020RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
25 Jun 2019RentedNew contract
AED 36,500/yr12 months · AED 45 per sqft
5 Mar 2018RentedNew contract
AED 50,863/yr12 months · AED 63 per sqft
4 May 2009Sold by developerOff-plan
AED 751,047AED 926 per sqft

Source: Dubai Land Department. Updated 4 August 2024.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
7th of 9
Parking
G-03
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,200 /yr
Last sold
AED 751K · May 2009

About 709, Mazaya - Farah Tower 1

709 is a one-bedroom apartment of 811 sqft on the 7th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 751,047, or AED 926 per sqft, 6% above the AED 875 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 4 August 2024, is AED 43,000 a year: a gross yield of 5.7% on the 2009 price, before the service charge of about AED 9,200 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical one-bed in Mazaya - Farah Tower 1
250K500K750K2009201420192024Typical sale price by year: 2009 AED 704,860; 2015 AED 550,000; 2016 AED 600,000; 2017 AED 415,000; 2019 AED 405,000; 2020 AED 300,000; 2021 AED 300,000; 2024 AED 497,500; 2026 AED 550,000Sold by developer, May 2009: AED 751,047 (AED 926 per sqft)

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

Rents
Unit 709, each contractTypical one-bed in Mazaya - Farah Tower 1
40K60K20152018202120242027Typical rent by year: 2015 AED 57,000; 2016 AED 51,500; 2017 AED 47,000; 2018 AED 42,000; 2019 AED 36,000; 2020 AED 30,000; 2021 AED 27,000; 2022 AED 28,000; 2023 AED 34,000; 2024 AED 41,350; 2025 AED 47,000; 2026 AED 43,000New contract, March 2018: AED 50,863 a yearNew contract, June 2019: AED 36,500 a yearNew contract, February 2020: AED 32,000 a yearRenewal, February 2022: AED 30,000 a yearRenewal, February 2023: AED 34,000 a yearRenewal, August 2024: AED 43,000 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 - Farah Tower 1, and where 709 sits

All 62 1-beds →

709 last sold in May 2009 at AED 926 per sqft, 6% above what one-beds in Mazaya - Farah Tower 1 were fetching at the time (AED 875). 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. 709's AED 43,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 2026550,000
11 Feb 2026550,000
11 Feb 2026550,000
15 Jul 2025545,000
3 1-bed sales in the last 12 months

Mazaya - Farah Tower 1

Building

81 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%
Mazaya - Farah Tower 1, Liwan: prices, sales and rents →

Other units on the 7th floor

All 81 units in Mazaya - Farah Tower 1
Value
7011-bedAED 375K · Feb 2019
7021-bedAED 600K · Jan 2016
7031-bedAED 550K · Feb 2026
7041-bedAED 335K · May 2022
7051-bedAED 415K · Mar 2017
7062-bedAED 1.36M · May 2009
7072-bedAED 600K · Mar 2019
1–7 of 8

709, Mazaya - Farah Tower 1 in numbers

  • Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 751,047, or AED 926 per sqft.
  • Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 50,863 to AED 30,000 in 2022 and recovered to AED 43,000 by August 2024.
  • At AED 43,000 a year the gross yield on the 2009 price is 5.7%, 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 4 August 2024.

Questions about 709, Mazaya - Farah Tower 1

What did unit 709 last sell for?

AED 751,047 on 4 May 2009, sold by the developer: AED 926 per sqft for 811 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 43,000 a year on the contract renewed on 4 August 2024. The previous contract, from February 2023, was AED 34,000; the unit has been rented since March 2018.

How big is unit 709?

811 sqft (75.3 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2014.

What is unit 709 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 709, Mazaya - Farah Tower 1

Starts from the last sale price (AED 751K, 4 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 751,047
Deposit, UAE resident (20%)
AED 150,209
Deposit, non-resident (40%)
AED 300,419
Monthly over 25 years at 3.7%
AED 3,073

Plus AED 36,554 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →