408, Mazaya - Ghanima (Queue Point - R097)
Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mazaya - Ghanima (Queue Point - R097)
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 616 sqft
- Floor
- 4th of 6
- Parking
- G-26
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 7,400 /yr
- Last sold
- AED 230K · November 2014
About 408, Mazaya - Ghanima (Queue Point - R097)
408 is a one-bedroom apartment of 616 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. It last sold on 17 November 2014 for AED 230,420, or AED 373 per sqft, 50% below the AED 752 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 15 June 2025, is AED 47,000 a year: a gross yield of 20.4% on the 2014 price, before the service charge of about AED 7,400 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 - Ghanima (Queue Point - R097), and where 408 sits
All 34 1-beds →408 last sold in November 2014 at AED 373 per sqft, 50% below what one-beds in Mazaya - Ghanima (Queue Point - R097) were fetching at the time (AED 752). Over the last 12 months one-beds sold for AED 535,000 to 550,000, around AED 907 per sqft, and rent for AED 43,000 to 60,000 a year. 408's AED 47,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202522 December 2025 | 600 sqft | 535,000 | 892 | ||
| 4 Jul 20254 July 2025 | 589 sqft | 470,000 | 798 | ||
| 27 Apr 202527 April 2025 | 569 sqft | 470,000 | 826 | ||
| 18 Mar 202518 March 2025 | 566 sqft | 455,000 | 804 |
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 | |
| 403 | 2-bed | 1,626 sqft | AED 1.13MAED 1,126,075 · May 2009May 2009 | 63,000 /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 | |
| 409 | 1-bed | 616 sqft | AED 461KAED 460,839 · Oct 2014October 2014 | 27,000 /yr |
408, Mazaya - Ghanima (Queue Point - R097) in numbers
- Sold twice: first on 5 May 2009 for AED 460,839, last on 17 November 2014 for AED 230,420 (AED 373 per sqft).
- Rented since November 2014 on 9 Ejari contracts. The rent fell from AED 50,000 to AED 26,000 in 2020 and recovered to AED 47,000 by June 2025.
- At AED 47,000 a year the gross yield on the 2014 price is 20.4%, before a service charge of about AED 7,400 a year (AED 12.01 per sqft).
- One-beds in Mazaya - Ghanima (Queue Point - R097) sold for AED 535,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 907 per sqft.
Source: Dubai Land Department. Updated 15 June 2025.
Questions about 408, Mazaya - Ghanima (Queue Point - R097)
What did unit 408 last sell for?
AED 230,420 on 17 November 2014: AED 373 per sqft for 616 sqft. The unit has 2 registered sales; the first was AED 460,839 in May 2009.
What is the rent for unit 408?
AED 47,000 a year on the contract signed on 15 June 2025. The previous contract, from August 2024, was AED 45,000; the unit has been rented since November 2014.
How big is unit 408?
616 sqft (57.2 sqm): a one-bedroom apartment on the 4th floor of a 6-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 - Ghanima (Queue Point - R097) sold for AED 535,000 to 550,000 in the last 12 months, around AED 907 per sqft.
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Mortgage on 408, Mazaya - Ghanima (Queue Point - R097)
Starts from the last sale price (AED 230K, 17 November 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 230,420
- Deposit, UAE resident (20%)
- AED 46,084
- Deposit, non-resident (40%)
- AED 92,168
- Monthly over 25 years at 3.7%
- AED 943
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →