2-bed · 1,386 sqftMazaya - Tala Tower, Liwan · 7th floor · completed 2014

703, Mazaya - Tala Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 540K7 December 2020
Current rentAED 59K /yr17 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Mazaya - Tala Tower

What is 703 worth today?

Last sold for AED 540,357 in 2020

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17 Oct 2024RentedRenewal
AED 59,000/yr12 months · AED 43 per sqft
17 Oct 2023RentedNew contract
AED 59,000/yr12 months · AED 43 per sqft
10 Jul 2022RentedRenewal
AED 47,150/yr12 months · AED 34 per sqft
10 Jul 2021RentedNew contract
AED 41,000/yr12 months · AED 30 per sqft
7 Dec 2020Sold by developerReady
AED 540,357AED 390 per sqft
3 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 40 per sqft
3 Aug 2018RentedRenewal
AED 62,000/yr12 months · AED 45 per sqft
3 Aug 2017RentedRenewal
AED 68,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
2-bed apartment
Size
1,386 sqft
Floor
7th of 8
Parking
G-2
Developer
Al Mazaya Holding Company
Completed
2014
Service charge
AED 13,400 /yr
Last sold
AED 540K · December 2020

About 703, Mazaya - Tala Tower

703 is a two-bedroom apartment of 1,386 sqft on the 7th floor of Mazaya - Tala Tower, a 8-storey tower in Liwan completed in 2014 by Al Mazaya Holding Company. The developer sold it on 7 December 2020 for AED 540,357, or AED 390 per sqft, 4% below the AED 405 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 17 October 2024, is AED 59,000 a year: a gross yield of 10.9% on the 2020 price, before the service charge of about AED 13,400 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Mazaya - Tala Tower
500K1M20092013201720212025Typical sale price by year: 2009 AED 1,123,878; 2014 AED 615,789; 2015 AED 834,000; 2020 AED 585,000; 2021 AED 585,000; 2024 AED 755,000Sold by developer, December 2020: AED 540,357 (AED 390 per sqft)

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

Rents
Unit 703, each contractTypical two-bed in Mazaya - Tala Tower
40K60K80K20142017202020232026Typical rent by year: 2014 AED 70,000; 2015 AED 80,276; 2016 AED 78,000; 2017 AED 72,000; 2018 AED 62,000; 2019 AED 56,000; 2020 AED 45,000; 2021 AED 44,000; 2022 AED 47,150; 2023 AED 58,500; 2024 AED 59,500; 2025 AED 67,500New contract, August 2014: AED 70,000 a yearRenewal, August 2015: AED 72,000 a yearRenewal, August 2016: AED 72,000 a yearRenewal, August 2017: AED 68,000 a yearRenewal, August 2018: AED 62,000 a yearNew contract, August 2019: AED 55,000 a yearNew contract, July 2021: AED 41,000 a yearRenewal, July 2022: AED 47,150 a yearNew contract, October 2023: AED 59,000 a yearRenewal, October 2024: AED 59,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya - Tala Tower, and where 703 sits

All 28 2-beds →

703 last sold in December 2020 at AED 390 per sqft, 4% below what two-beds in Mazaya - Tala Tower were fetching at the time (AED 405). Over the last 12 months two-beds sold for AED 780,000 to 820,000, around AED 547 per sqft, and rent for AED 60,000 to 85,000 a year. 703's AED 59,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Feb 2026820,000
27 Jan 2026780,000
11 Mar 2025800,000
28 Nov 2024780,000
3 2-bed sales in the last 12 months

Mazaya - Tala Tower

Building

63 apartments, 1-bed to 3-bed over 8 floors in Liwan, completed in 2014 by Al Mazaya Holding Company. 3 sold in the last 12 months.

Typical price per sqft
AED 547
Typical sale
AED 800K
Typical rent
AED 48K /yr
Typical yield
9.3%
Mazaya - Tala Tower, Liwan: prices, sales and rents →

Other units on the 7th floor

All 63 units in Mazaya - Tala Tower
Value
7012-bedAED 620K · Oct 2014
7022-bedAED 669K · Sep 2015
7043-bedAED 1.43M · Oct 2014
7053-bedAED 385K · Aug 2020
7062-bedAED 630K · Apr 2020

703, Mazaya - Tala Tower in numbers

  • Sold once: by Al Mazaya Holding Company on 7 December 2020 for AED 540,357, or AED 390 per sqft.
  • Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 70,000 to AED 41,000 in 2021 and recovered to AED 59,000 by October 2024.
  • At AED 59,000 a year the gross yield on the 2020 price is 10.9%, before a service charge of about AED 13,400 a year (AED 9.65 per sqft).
  • Two-beds in Mazaya - Tala Tower sold for AED 780,000–820,000 in the 12 months to November 2026; the building's median across all types is AED 547 per sqft.

Source: Dubai Land Department. Updated 17 October 2024.

Questions about 703, Mazaya - Tala Tower

What did unit 703 last sell for?

AED 540,357 on 7 December 2020, sold by the developer: AED 390 per sqft for 1,386 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 59,000 a year on the contract renewed on 17 October 2024. The previous contract, from October 2023, was AED 59,000; the unit has been rented since August 2014.

How big is unit 703?

1,386 sqft (128.8 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya - Tala Tower sold for AED 780,000 to 820,000 in the last 12 months, around AED 547 per sqft.

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Mortgage on 703, Mazaya - Tala Tower

Starts from the last sale price (AED 540K, 7 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 540,357
Deposit, UAE resident (20%)
AED 108,071
Deposit, non-resident (40%)
AED 216,143
Monthly over 25 years at 3.7%
AED 2,211

Plus AED 27,705 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →