403, Mazaya - Ghanima (Queue Point - R097)
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.
Property timeline for 403, Mazaya - Ghanima (Queue Point - R097)
What is 403 worth today?
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Source: Dubai Land Department. Updated 4 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,626 sqft
- Floor
- 4th of 6
- Parking
- G-9
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 19,500 /yr
- Last sold
- AED 1.13M · May 2009
About 403, Mazaya - Ghanima (Queue Point - R097)
403 is a two-bedroom apartment of 1,626 sqft on the 4th floor of Mazaya - Ghanima (Queue Point - R097), a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 6 May 2009 for AED 1,126,075, or AED 692 per sqft, in line with the AED 699 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, signed on 4 September 2024, is AED 63,000 a year: a gross yield of 5.6% on the 2009 price, before the service charge of about AED 19,500 a year.
Sales and rents for 403 over time
403 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya - Ghanima (Queue Point - R097), and where 403 sits
All 13 2-beds →403 last sold in May 2009 at AED 692 per sqft, in line with what two-beds in Mazaya - Ghanima (Queue Point - R097) were fetching at the time (AED 699).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Feb 202122 February 2021 | 1,039 sqft | 300,000 | 288 | ||
| 25 Feb 202025 February 2020 | 1,044 sqft | 420,000 | 402 | ||
| 25 Feb 202025 February 2020 | 1,037 sqft | 420,000 | 404 | ||
| 9 Nov 20179 November 2017 | 1,018 sqft | 670,000 | 658 |
Mazaya - Ghanima (Queue Point - R097)
Building55 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 2 sold in the last 12 months.
- Typical price per sqft
- AED 907
- Typical sale
- AED 543K
- Typical rent
- AED 52K /yr
- Typical yield
- 8.0%
Other units on the 4th floor
All 55 units in Mazaya - Ghanima (Queue Point - R097)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 828 sqft | AED 288KAED 287,657 · Nov 2014November 2014 | 60,000 /yr | |
| 402 | 3-bed | 1,754 sqft | AED 1.3MAED 1,295,006 · May 2009May 2009 | 95,000 /yr | |
| 404 | 1-bed | 1,633 sqft | AED 670KAED 670,000 · Oct 2021October 2021 | 70,000 /yr | |
| 405 | 1-bed | 612 sqft | AED 438KAED 438,122 · Dec 2014December 2014 | 38,369 /yr | |
| 406 | 2-bed | 1,091 sqft | AED 375KAED 375,000 · Jun 2017June 2017 | 65,000 /yr | |
| 407 | 1-bed | 828 sqft | AED 288KAED 287,657 · Feb 2015February 2015 | 32,000 /yr | |
| 408 | 1-bed | 616 sqft | AED 230KAED 230,420 · Nov 2014November 2014 | 47,000 /yr | |
| 409 | 1-bed | 616 sqft | AED 461KAED 460,839 · Oct 2014October 2014 | 27,000 /yr |
403, Mazaya - Ghanima (Queue Point - R097) in numbers
- Sold once: by Al Mazaya Real Estate on 6 May 2009 for AED 1,126,075, or AED 692 per sqft.
- Rented since November 2015 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 43,000 in 2021 and recovered to AED 63,000 by September 2024.
- At AED 63,000 a year the gross yield on the 2009 price is 5.6%, before a service charge of about AED 19,500 a year (AED 12.01 per sqft).
Source: Dubai Land Department. Updated 4 September 2024.
Questions about 403, Mazaya - Ghanima (Queue Point - R097)
What did unit 403 last sell for?
AED 1,126,075 on 6 May 2009, sold by the developer: AED 692 per sqft for 1,626 sqft. It is the only registered sale of the unit.
What is the rent for unit 403?
AED 63,000 a year on the contract signed on 4 September 2024. The previous contract, from September 2023, was AED 63,000; the unit has been rented since November 2015.
How big is unit 403?
1,626 sqft (151.1 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2014.
What is unit 403 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 403, Mazaya - Ghanima (Queue Point - R097)
Starts from the last sale price (AED 1.13M, 6 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,126,075
- Deposit, UAE resident (20%)
- AED 225,215
- Deposit, non-resident (40%)
- AED 450,430
- Monthly over 25 years at 3.7%
- AED 4,607
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →