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2-bed · 1,107 sqftMazaya 04, Liwan · 7th floor · completed 2014

703, Mazaya 04

Sold prices and rental history: sold twice, last in November 2016, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 15 May 2018
Last soldAED 360K17 November 2016
Current rentAED 60K /yr15 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Mazaya 04

What is 703 worth today?

Last sold for AED 360,000 in 2016

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15 May 2018RentedRenewal
AED 60,000/yr12 months · AED 54 per sqft
15 May 2017RentedNew contract
AED 65,000/yr12 months · AED 59 per sqft
17 Nov 2016SoldReady
AED 360,000AED 325 per sqft
15 May 2016RentedRenewal
AED 65,000/yr12 months · AED 59 per sqft
23 Aug 2015Sold by developerReady
AED 412,765AED 372 per sqft
15 May 2015RentedNew contract
AED 65,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 May 2018.

Key facts

Type
2-bed apartment
Size
1,107 sqft
Floor
7th of 13
Parking
B-27
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,100 /yr
Last sold
AED 360K · November 2016
Building
Mazaya 04

About 703, Mazaya 04

703 is a two-bedroom apartment of 1,107 sqft on the 7th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 17 November 2016 for AED 360,000, or AED 325 per sqft, 54% below the AED 704 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 15 May 2018, is AED 60,000 a year: a gross yield of 16.7% on the 2016 price, before the service charge of about AED 6,100 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, August 2015: AED 412,765 (AED 372 per sqft)Sold, November 2016: AED 360,000 (AED 325 per sqft)

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

Rents
Unit 703, 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, May 2015: AED 65,000 a yearRenewal, May 2016: AED 65,000 a yearNew contract, May 2017: AED 65,000 a yearRenewal, May 2018: AED 60,000 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 703 sits

All 60 2-beds →

703 last sold in November 2016 at AED 325 per sqft, 54% below what two-beds in Mazaya 04 were fetching at the time (AED 704). 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 7th floor

All 216 units in Mazaya 04
Value
7011-bedAED 325K · Sep 2020
7022-bedAED 418K · Jan 2015
7041-bedAED 450K · Nov 2015
7051-bedAED 332K · Feb 2025
7061-bedAED 673K · May 2009
7071-bedAED 405K · Nov 2018
7081-bedAED 710K · Dec 2014
1–7 of 16

703, Mazaya 04 in numbers

  • Sold twice: first on 23 August 2015 for AED 412,765, last on 17 November 2016 for AED 360,000 (AED 325 per sqft).
  • Rented since May 2015 on 4 Ejari contracts, from AED 65,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 16.7%, before a service charge of about AED 6,100 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 15 May 2018.

Questions about 703, Mazaya 04

What did unit 703 last sell for?

AED 360,000 on 17 November 2016: AED 325 per sqft for 1,107 sqft. The unit has 2 registered sales; the first was AED 412,765 in August 2015.

What is the rent for unit 703?

AED 60,000 a year on the contract renewed on 15 May 2018. The previous contract, from May 2017, was AED 65,000; the unit has been rented since May 2015.

How big is unit 703?

1,107 sqft (102.8 sqm): a two-bedroom apartment on the 7th floor of a 13-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 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 703, Mazaya 04

Starts from the last sale price (AED 360K, 17 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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