3-bed · 1,882 sqftMazaya 15, Liwan · 7th floor · completed 2014

706, Mazaya 15

Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 10 April 2020
Last soldAED 1.22M31 January 2017
Current rentAED 74K /yr10 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Mazaya 15

What is 706 worth today?

Last sold for AED 1,224,000 in 2017

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10 Apr 2020RentedRenewal
AED 74,000/yr12 months · AED 39 per sqft
10 Apr 2019RentedNew contract
AED 76,000/yr12 months · AED 40 per sqft
10 Apr 2018RentedNew contract
AED 80,000/yr12 months · AED 42 per sqft
1 Apr 2017RentedNew contract
AED 85,000/yr12 months · AED 45 per sqft
31 Jan 2017SoldReady
AED 1,224,000AED 650 per sqft
15 Sep 2015Sold by developerReady
AED 682,050AED 362 per sqft
10 Sep 2015RentedNew contract
AED 105,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 10 April 2020.

Key facts

Type
3-bed apartment
Size
1,882 sqft
Floor
7th of 10
Parking
G-63,G-64
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 18,200 /yr
Last sold
AED 1.22M · January 2017
Building
Mazaya 15

About 706, Mazaya 15

706 is a three-bedroom apartment of 1,882 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 31 January 2017 for AED 1,224,000, or AED 650 per sqft.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 10 April 2020, is AED 74,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 18,200 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical three-bed in Mazaya 15
750K1M1.25M2015201820212024Typical sale price by year: 2015 AED 682,050; 2024 AED 1,150,000Sold by developer, September 2015: AED 682,050 (AED 362 per sqft)Sold, January 2017: AED 1,224,000 (AED 650 per sqft)

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

Rents
Unit 706, each contractTypical three-bed in Mazaya 15
60K80K100K2015201820212024Typical rent by year: 2015 AED 107,500; 2020 AED 64,000; 2022 AED 66,000; 2023 AED 82,500New contract, September 2015: AED 105,000 a yearNew contract, April 2017: AED 85,000 a yearNew contract, April 2018: AED 80,000 a yearNew contract, April 2019: AED 76,000 a yearRenewal, April 2020: AED 74,000 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 706 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
9 Aug 20241,150,000
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
7023-bedAED 1.15M · Aug 2024
7032-bedAED 582K · Aug 2015
7041-bedAED 345K · Apr 2023
7052-bedAED 1.37M · May 2016

706, Mazaya 15 in numbers

  • Sold twice: first on 15 September 2015 for AED 682,050, last on 31 January 2017 for AED 1,224,000 (AED 650 per sqft).
  • Rented since September 2015 on 5 Ejari contracts, from AED 105,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 18,200 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 10 April 2020.

Questions about 706, Mazaya 15

What did unit 706 last sell for?

AED 1,224,000 on 31 January 2017: AED 650 per sqft for 1,882 sqft. The unit has 2 registered sales; the first was AED 682,050 in September 2015.

What is the rent for unit 706?

AED 74,000 a year on the contract renewed on 10 April 2020. The previous contract, from April 2019, was AED 76,000; the unit has been rented since September 2015.

How big is unit 706?

1,882 sqft (174.8 sqm): a three-bedroom apartment on the 7th floor of a 10-storey tower completed in 2014.

What is unit 706 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.

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Mortgage on 706, Mazaya 15

Starts from the last sale price (AED 1.22M, 31 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,224,000
Deposit, UAE resident (20%)
AED 244,800
Deposit, non-resident (40%)
AED 489,600
Monthly over 25 years at 3.7%
AED 5,008

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