407, Mazaya 16
Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Mazaya 16
What is 407 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 628 sqft
- Floor
- 4th of 9
- Parking
- G-24
- Developer
- Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
- Completed
- 2016
- Service charge
- AED 8,500 /yr
- Last sold
- AED 314K · January 2017
- Building
- Mazaya 16
About 407, Mazaya 16
407 is a studio of 628 sqft on the 4th floor of Mazaya 16, a 9-storey tower in Liwan completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . The developer sold it on 16 January 2017 for AED 313,880, or AED 500 per sqft, in line with the AED 501 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 37,000 a year: a gross yield of 11.8% on the 2017 price, before the service charge of about AED 8,500 a year.
Sales and rents for 407 over time
407 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Mazaya 16, and where 407 sits
All 18 studios →407 last sold in January 2017 at AED 500 per sqft, in line with what studios in Mazaya 16 were fetching at the time (AED 501). 407's AED 37,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 |
Mazaya 16
Building108 apartments, studios to 2-bed over 9 floors in Liwan, completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 47K /yr
- Typical yield
Other units on the 4th floor
All 108 units in Mazaya 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,040 sqft | AED 520KAED 520,170 · Jan 2017January 2017 | 53,000 /yr | |
| 402 | 1-bed | 1,070 sqft | AED 535KAED 534,755 · Jan 2017January 2017 | 40,000 /yr | |
| 403 | Studio | 398 sqft | AED 310KAED 309,744 · Sep 2016September 2016 | 38,000 /yr | |
| 404 | 1-bed | 1,053 sqft | AED 526KAED 526,465 · Jan 2017January 2017 | 47,000 /yr | |
| 405 | 1-bed | 823 sqft | AED 634KAED 633,556 · Sep 2016September 2016 | 41,250 /yr | |
| 406 | 1-bed | 829 sqft | AED 415KAED 414,735 · Jan 2017January 2017 | 54,000 /yr | |
| 408 | 1-bed | 908 sqft | AED 454KAED 454,185 · Jan 2017January 2017 | 38,000 /yr | |
| 409 | 1-bed | 825 sqft | AED 413KAED 412,745 · Jan 2017January 2017 | 46,000 /yr | |
| 410 | 2-bed | 1,301 sqft | AED 652KAED 651,760 · Jan 2017January 2017 | 60,000 /yr | |
| 411 | 2-bed | 1,204 sqft | AED 603KAED 603,000 · Jan 2017January 2017 | 72,000 /yr | |
| 412 | 1-bed | 817 sqft | AED 621KAED 620,996 · Sep 2016September 2016 | 42,000 /yr |
407, Mazaya 16 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 16 January 2017 for AED 313,880, or AED 500 per sqft.
- Rented since June 2018 on 4 Ejari contracts. The rent fell from AED 38,000 to AED 30,000 in 2020 and recovered to AED 37,000 by June 2026.
- At AED 37,000 a year the gross yield on the 2017 price is 11.8%, before a service charge of about AED 8,500 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 1 June 2026.
Questions about 407, Mazaya 16
What did unit 407 last sell for?
AED 313,880 on 16 January 2017, sold by the developer: AED 500 per sqft for 628 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 37,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2021, was AED 36,000; the unit has been rented since June 2018.
How big is unit 407?
628 sqft (58.3 sqm): a studio on the 4th floor of a 9-storey tower completed in 2016.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 407, Mazaya 16
Starts from the last sale price (AED 314K, 16 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 313,880
- Deposit, UAE resident (20%)
- AED 62,776
- Deposit, non-resident (40%)
- AED 125,552
- Monthly over 25 years at 3.7%
- AED 1,284
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →