408, Mazaya 24
Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mazaya 24
What is 408 worth today?
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Source: Dubai Land Department. Updated 19 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,054 sqft
- Floor
- 4th of 5
- Parking
- G-50
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,700 /yr
- Last sold
- AED 675K · November 2024
- Building
- Mazaya 24
About 408, Mazaya 24
408 is a two-bedroom apartment of 1,054 sqft on the 4th floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 19 November 2024 for AED 675,000, or AED 640 per sqft, in line with the AED 630 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 15 September 2022, is AED 42,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 12,700 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya 24, and where 408 sits
All 20 2-beds →408 last sold in November 2024 at AED 640 per sqft, in line with what two-beds in Mazaya 24 were fetching at the time (AED 630). Over the last 12 months two-beds sold for AED 800,000 to 860,000, around AED 797 per sqft, and rent for AED 35,000 to 66,000 a year. 408's AED 42,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Oct 202613 October 2026 | 1,053 sqft | 860,000 | 816 | ||
| 8 May 20268 May 2026 | 1,053 sqft | 840,000 | 797 | ||
| 20 Feb 202620 February 2026 | 1,053 sqft | 800,000 | 759 | ||
| 12 Jun 202412 June 2024 | 1,054 sqft | 665,000 | 630 |
Mazaya 24
Building65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 10 sold in the last 12 months.
- Typical price per sqft
- AED 804
- Typical sale
- AED 575K
- Typical rent
- AED 48K /yr
- Typical yield
- 9.2%
Other units on the 4th floor
All 65 units in Mazaya 24| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,040 sqft | AED 730KAED 730,000 · Mar 2017March 2017 | 36,000 /yr | |
| 402 | 1-bed | 728 sqft | AED 445KAED 445,000 · Mar 2016March 2016 | 44,100 /yr | |
| 403 | 1-bed | 360 sqft | AED 537KAED 537,492 · Apr 2009April 2009 | 54,000 /yr | |
| 404 | 1-bed | 723 sqft | AED 539KAED 538,639 · May 2009May 2009 | 41,681 /yr | |
| 405 | 2-bed | 1,042 sqft | AED 760KAED 760,000 · May 2015May 2015 | 58,000 /yr | |
| 406 | 1-bed | 567 sqft | AED 400KAED 399,538 · Mar 2009March 2009 | 49,862 /yr | |
| 407 | 1-bed | 570 sqft | AED 400KAED 399,538 · Mar 2009March 2009 | 44,000 /yr | |
| 409 | 1-bed | 928 sqft | AED 340KAED 340,000 · Sep 2021September 2021 | 56,000 /yr | |
| 410 | 1-bed | 929 sqft | AED 315KAED 315,000 · Jun 2022June 2022 | 55,000 /yr | |
| 411 | 2-bed | 1,053 sqft | AED 860KAED 860,000 · Oct 2026October 2026 | 55,125 /yr | |
| 412 | 1-bed | 571 sqft | AED 478KAED 478,391 · Jan 2015January 2015 | 45,000 /yr | |
| 413 | 1-bed | 565 sqft | AED 473KAED 473,391 · Dec 2014December 2014 | 24,931 /yr |
408, Mazaya 24 in numbers
- Sold twice: first on 30 September 2014 for AED 762,000, last on 19 November 2024 for AED 675,000 (AED 640 per sqft).
- Rented since December 2014 on 6 Ejari contracts. The rent fell from AED 73,000 to AED 34,000 in 2021 and recovered to AED 42,000 by September 2022.
- At AED 42,000 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 12,700 a year (AED 12.09 per sqft).
- Two-beds in Mazaya 24 sold for AED 800,000–860,000 in the 12 months to November 2026; the building's median across all types is AED 804 per sqft.
Source: Dubai Land Department. Updated 19 November 2024.
Questions about 408, Mazaya 24
What did unit 408 last sell for?
AED 675,000 on 19 November 2024: AED 640 per sqft for 1,054 sqft. The unit has 2 registered sales; the first was AED 762,000 in September 2014.
What is the rent for unit 408?
AED 42,000 a year on the contract signed on 15 September 2022. The previous contract, from May 2021, was AED 34,000; the unit has been rented since December 2014.
How big is unit 408?
1,054 sqft (97.9 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2014.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 24 sold for AED 800,000 to 860,000 in the last 12 months, around AED 797 per sqft.
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Mortgage on 408, Mazaya 24
Starts from the last sale price (AED 675K, 19 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 675,000
- Deposit, UAE resident (20%)
- AED 135,000
- Deposit, non-resident (40%)
- AED 270,000
- Monthly over 25 years at 3.7%
- AED 2,762
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →