2-bed · 1,029 sqftMazaya 04, Liwan · 4th floor · completed 2014

402, Mazaya 04

Sold prices and rental history: sold twice, last in February 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 25 September 2020
Last soldAED 377K5 February 2015
Current rentAED 38K /yr25 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Mazaya 04

What is 402 worth today?

Last sold for AED 377,147 in 2015

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25 Sep 2020RentedNew contract
AED 38,000/yr12 months · AED 37 per sqft
22 Apr 2019RentedNew contract
AED 47,000/yr12 months · AED 45 per sqft
1 Apr 2018RentedRenewal
AED 60,000/yr12 months · AED 58 per sqft
1 Apr 2017RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
1 Apr 2016RentedNew contract
AED 70,000/yr12 months · AED 68 per sqft
15 Feb 2015RentedNew contract
AED 70,000/yr12 months · AED 68 per sqft
5 Feb 2015SoldReady
AED 377,147AED 366 per sqft
10 May 2009Sold by developerOff-plan
AED 754,293AED 733 per sqft

Source: Dubai Land Department. Updated 25 September 2020.

Key facts

Type
2-bed apartment
Size
1,029 sqft
Floor
4th of 13
Parking
B-54
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 5,600 /yr
Last sold
AED 377K · February 2015
Building
Mazaya 04

About 402, Mazaya 04

402 is a two-bedroom apartment of 1,029 sqft on the 4th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 5 February 2015 for AED 377,147, or AED 366 per sqft, 6% below the AED 389 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 25 September 2020, is AED 38,000 a year: a gross yield of 10.1% on the 2015 price, before the service charge of about AED 5,600 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Mazaya 04
400K600K800K2009201420192024Typical sale price by year: 2009 AED 794,680; 2014 AED 576,631; 2015 AED 529,590; 2016 AED 750,000; 2017 AED 700,000; 2018 AED 725,000; 2020 AED 540,000; 2021 AED 455,000; 2026 AED 585,000Sold by developer, May 2009: AED 754,293 (AED 733 per sqft)Sold, February 2015: AED 377,147 (AED 366 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Mazaya 04
40K60K80K2014201720202023Typical rent by year: 2014 AED 80,000; 2015 AED 72,000; 2016 AED 71,000; 2017 AED 65,000; 2018 AED 60,000; 2019 AED 48,000; 2020 AED 42,500; 2021 AED 38,000; 2022 AED 40,000New contract, February 2015: AED 70,000 a yearNew contract, April 2016: AED 70,000 a yearRenewal, April 2017: AED 70,000 a yearRenewal, April 2018: AED 60,000 a yearNew contract, April 2019: AED 47,000 a yearNew contract, September 2020: AED 38,000 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 04, and where 402 sits

All 60 2-beds →

402 last sold in February 2015 at AED 366 per sqft, 6% below what two-beds in Mazaya 04 were fetching at the time (AED 389). Over the last 12 months two-beds sold for AED 540,645 to 705,052, around AED 506 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 2026620,000
21 Sep 2026540,645
17 Feb 2026705,052
19 Jan 2026550,000
4 2-bed sales in the last 12 months

Mazaya 04

Building

216 apartments, 1-bed to 3-bed over 13 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 23 sold in the last 12 months.

Typical price per sqft
AED 557 Up 1.5%
Typical sale
AED 340K
Typical rent
AED 53K /yr
Typical yield
14.7%
Mazaya 04, Liwan: prices, sales and rents →

Other units on the 4th floor

All 216 units in Mazaya 04
Value
4011-bedAED 185K · Nov 2021
4032-bedAED 473K · Jul 2022
4041-bedAED 300K · Aug 2026
4051-bedAED 460K · Mar 2016
4061-bedAED 665K · Jun 2015
4071-bedAED 392K · Dec 2014
4081-bedAED 800K · Nov 2014
1–7 of 18

402, Mazaya 04 in numbers

  • Sold twice: first on 10 May 2009 for AED 754,293, last on 5 February 2015 for AED 377,147 (AED 366 per sqft).
  • Rented since February 2015 on 6 Ejari contracts, from AED 70,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2015 price is 10.1%, before a service charge of about AED 5,600 a year (AED 5.49 per sqft).
  • Two-beds in Mazaya 04 sold for AED 540,645–705,052 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 25 September 2020.

Questions about 402, Mazaya 04

What did unit 402 last sell for?

AED 377,147 on 5 February 2015: AED 366 per sqft for 1,029 sqft. The unit has 2 registered sales; the first was AED 754,293 in May 2009.

What is the rent for unit 402?

AED 38,000 a year on the contract signed on 25 September 2020. The previous contract, from April 2019, was AED 47,000; the unit has been rented since February 2015.

How big is unit 402?

1,029 sqft (95.6 sqm): a two-bedroom apartment on the 4th floor of a 13-storey tower completed in 2014.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 04 sold for AED 540,645 to 705,052 in the last 12 months, around AED 506 per sqft.

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Mortgage on 402, Mazaya 04

Starts from the last sale price (AED 377K, 5 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 377,147
Deposit, UAE resident (20%)
AED 75,429
Deposit, non-resident (40%)
AED 150,859
Monthly over 25 years at 3.7%
AED 1,543

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