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1-bed · 922 sqftMazaya 03, Liwan · 14th floor · completed 2014

1406, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 10 June 2021
Last soldAED 668K4 May 2009
Current rentAED 28K /yr10 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1406, Mazaya 03

What is 1406 worth today?

Last sold for AED 667,513 in 2009

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10 Jun 2021RentedNew contract
AED 28,000/yr12 months · AED 30 per sqft
15 Mar 2020RentedNew contract
AED 32,000/yr12 months · AED 35 per sqft
2 Apr 2018RentedRenewal
AED 50,000/yr12 months · AED 54 per sqft
2 Apr 2017RentedRenewal
AED 50,000/yr12 months · AED 54 per sqft
2 Apr 2016RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft
4 May 2009Sold by developerOff-plan
AED 667,513AED 724 per sqft

Source: Dubai Land Department. Updated 10 June 2021.

Key facts

Type
1-bed apartment
Size
922 sqft
Floor
14th of 14
Parking
B-44
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,800 /yr
Last sold
AED 668K · May 2009
Building
Mazaya 03

About 1406, Mazaya 03

1406 is a one-bedroom apartment of 922 sqft on the 14th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 667,513, or AED 724 per sqft, 4% above the AED 698 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 10 June 2021, is AED 28,000 a year: a gross yield of 4.2% on the 2009 price, before the service charge of about AED 6,800 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical one-bed in Mazaya 03
400K600K2009201420192024Typical sale price by year: 2009 AED 461,258; 2013 AED 491,929; 2014 AED 457,725; 2015 AED 321,081; 2016 AED 450,000; 2017 AED 475,000; 2018 AED 400,000; 2019 AED 375,000; 2021 AED 310,000; 2025 AED 378,327; 2026 AED 450,000Sold by developer, May 2009: AED 667,513 (AED 724 per sqft)

1406 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1406, each contractTypical one-bed in Mazaya 03
20K40K60K20152017201920212023Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 47,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 29,000; 2021 AED 25,000; 2022 AED 25,650New contract, April 2016: AED 60,000 a yearRenewal, April 2017: AED 50,000 a yearRenewal, April 2018: AED 50,000 a yearNew contract, March 2020: AED 32,000 a yearNew contract, June 2021: AED 28,000 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 03, and where 1406 sits

All 147 1-beds →

1406 last sold in May 2009 at AED 724 per sqft, 4% above what one-beds in Mazaya 03 were fetching at the time (AED 698). Over the last 12 months one-beds sold for AED 380,000 to 520,000, around AED 624 per sqft, and rent for AED 40,000 to 50,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jun 2026515,000
30 Apr 2026410,270
4 Apr 2026400,000
31 Jan 2026450,000
7 1-bed sales in the last 12 months

Mazaya 03

Building

219 apartments, studios to 3-bed over 14 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 11 sold in the last 12 months.

Typical price per sqft
AED 571
Typical sale
AED 515K
Typical rent
AED 50K /yr
Typical yield
7.1%
Mazaya 03, Liwan: prices, sales and rents →

Other units on the 14th floor

All 219 units in Mazaya 03
Value
14011-bedAED 399K · May 2009
14021-bedAED 481K · May 2009
14031-bedAED 676K · May 2009
14041-bedAED 675K · May 2009
14051-bedAED 698K · May 2009
14071-bedAED 427K · May 2009

1406, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 667,513, or AED 724 per sqft.
  • Rented since April 2016 on 5 Ejari contracts, from AED 60,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2009 price is 4.2%, before a service charge of about AED 6,800 a year (AED 7.37 per sqft).
  • One-beds in Mazaya 03 sold for AED 380,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 571 per sqft.

Source: Dubai Land Department. Updated 10 June 2021.

Questions about 1406, Mazaya 03

What did unit 1406 last sell for?

AED 667,513 on 4 May 2009, sold by the developer: AED 724 per sqft for 922 sqft. It is the only registered sale of the unit.

What is the rent for unit 1406?

AED 28,000 a year on the contract signed on 10 June 2021. The previous contract, from March 2020, was AED 32,000; the unit has been rented since April 2016.

How big is unit 1406?

922 sqft (85.7 sqm): a one-bedroom apartment on the 14th floor of a 14-storey tower completed in 2014.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 03 sold for AED 380,000 to 520,000 in the last 12 months, around AED 624 per sqft.

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Mortgage on 1406, Mazaya 03

Starts from the last sale price (AED 668K, 4 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 667,513
Deposit, UAE resident (20%)
AED 133,503
Deposit, non-resident (40%)
AED 267,005
Monthly over 25 years at 3.7%
AED 2,731

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →