3-bed · 1,854 sqftMazaya 15, Liwan · 7th floor · completed 2014

702, Mazaya 15

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 9 August 2024
Last soldAED 1.15M9 August 2024
Current rentAED 66K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Mazaya 15

What is 702 worth today?

Last sold for AED 1,150,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

9 Aug 2024SoldReady
AED 1,150,000AED 620 per sqft
1 Oct 2022RentedRenewal
AED 66,000/yr12 months · AED 36 per sqft
1 Oct 2021RentedRenewal
AED 60,000/yr12 months · AED 32 per sqft
1 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 32 per sqft
14 Sep 2015Sold by developerReady
AED 646,373AED 348 per sqft
25 Jul 2015RentedNew contract
AED 110,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 9 August 2024.

Key facts

Type
3-bed apartment
Size
1,854 sqft
Floor
7th of 10
Parking
G-76
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 17,900 /yr
Last sold
AED 1.15M · August 2024
Building
Mazaya 15

About 702, Mazaya 15

702 is a three-bedroom apartment of 1,854 sqft on the 7th floor of Mazaya 15, a 10-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 9 August 2024 for AED 1,150,000, or AED 620 per sqft.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 1 October 2022, is AED 66,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 17,900 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical three-bed in Mazaya 15
750K1M2015201820212024Typical sale price by year: 2015 AED 682,050; 2024 AED 1,150,000Sold by developer, September 2015: AED 646,373 (AED 348 per sqft)Sold, August 2024: AED 1,150,000 (AED 620 per sqft)

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

Rents
Unit 702, each contractTypical three-bed in Mazaya 15
75K100K2015201820212024Typical rent by year: 2015 AED 107,500; 2020 AED 64,000; 2022 AED 66,000; 2023 AED 82,500New contract, July 2015: AED 110,000 a yearNew contract, October 2020: AED 60,000 a yearRenewal, October 2021: AED 60,000 a yearRenewal, October 2022: AED 66,000 a year

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

3-beds in Mazaya 15, and where 702 sits

All 8 3-beds →

Over the last 12 months three-beds sold for AED 1,380,000, around AED 733 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Mar 20261,380,000
28 Aug 20251,430,000
26 Dec 20241,225,000
27 Jun 20241,050,000
1 3-bed sale in the last 12 months

Mazaya 15

Building

82 apartments, 1-bed to 3-bed over 10 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 6 sold in the last 12 months.

Typical price per sqft
AED 737
Typical sale
AED 638K
Typical rent
AED 52K /yr
Typical yield
8.8%
Mazaya 15, Liwan: prices, sales and rents →

Other units on the 7th floor

All 82 units in Mazaya 15
Value
7011-bedAED 300K · Jun 2016
7032-bedAED 582K · Aug 2015
7041-bedAED 345K · Apr 2023
7052-bedAED 1.37M · May 2016
7063-bedAED 1.22M · Jan 2017

702, Mazaya 15 in numbers

  • Sold twice: first on 14 September 2015 for AED 646,373, last on 9 August 2024 for AED 1,150,000 (AED 620 per sqft).
  • Rented since July 2015 on 4 Ejari contracts, from AED 110,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 17,900 a year (AED 9.65 per sqft).
  • Three-beds in Mazaya 15 sold for AED 1,380,000–1,380,000 in the 12 months to November 2026; the building's median across all types is AED 737 per sqft.

Source: Dubai Land Department. Updated 9 August 2024.

Questions about 702, Mazaya 15

What did unit 702 last sell for?

AED 1,150,000 on 9 August 2024: AED 620 per sqft for 1,854 sqft. The unit has 2 registered sales; the first was AED 646,373 in September 2015.

What is the rent for unit 702?

AED 66,000 a year on the contract renewed on 1 October 2022. The previous contract, from October 2021, was AED 60,000; the unit has been rented since July 2015.

How big is unit 702?

1,854 sqft (172.2 sqm): a three-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mazaya 15 sold for AED 1,380,000 to 1,380,000 in the last 12 months, around AED 733 per sqft.

Selling 702? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 702, Mazaya 15

Starts from the last sale price (AED 1.15M, 9 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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