407, Mazaya - Farah Tower 1
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Mazaya - Farah Tower 1
What is 407 worth today?
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Source: Dubai Land Department. Updated 22 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,081 sqft
- Floor
- 4th of 9
- Parking
- G-78
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,200 /yr
- Last sold
- AED 700K · July 2024
- Building
- Mazaya - Farah Tower 1
About 407, Mazaya - Farah Tower 1
407 is a two-bedroom apartment of 1,081 sqft on the 4th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 22 July 2024 for AED 700,000, or AED 647 per sqft.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 12 September 2022, is AED 40,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 12,200 a year.
Sales and rents for 407 over time
407 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 - Farah Tower 1, and where 407 sits
All 18 2-beds →407's AED 40,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Oct 202210 October 2022 | 1,082 sqft | 545,000 | 503 | ||
| 14 Feb 202214 February 2022 | 1,067 sqft | 535,000 | 501 | ||
| 30 Aug 202030 August 2020 | 1,067 sqft | 515,000 | 482 | ||
| 27 Jan 202027 January 2020 | 1,066 sqft | 530,000 | 497 |
Mazaya - Farah Tower 1
Building81 apartments, 1-bed to 2-bed over 9 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 845
- Typical sale
- AED 550K
- Typical rent
- AED 45K /yr
- Typical yield
- 6.9%
Other units on the 4th floor
All 81 units in Mazaya - Farah Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 650 sqft | AED 566KAED 565,521 · May 2009May 2009 | 34,000 /yr | |
| 402 | 1-bed | 787 sqft | AED 310KAED 310,000 · Aug 2015August 2015 | ||
| 403 | 1-bed | 651 sqft | AED 550KAED 550,000 · Sep 2015September 2015 | 45,000 /yr | |
| 404 | 1-bed | 815 sqft | AED 650KAED 650,000 · Sep 2015September 2015 | 35,000 /yr | |
| 405 | 1-bed | 816 sqft | AED 430KAED 430,000 · May 2019May 2019 | 47,000 /yr | |
| 406 | 2-bed | 1,082 sqft | AED 545KAED 545,000 · Oct 2022October 2022 | 67,000 /yr | |
| 408 | 1-bed | 814 sqft | AED 570KAED 570,000 · Aug 2026August 2026 | 41,055 /yr | |
| 409 | 1-bed | 812 sqft | AED 445KAED 445,000 · Mar 2019March 2019 | 40,000 /yr |
407, Mazaya - Farah Tower 1 in numbers
- Sold twice: first on 3 May 2009 for AED 956,582, last on 22 July 2024 for AED 700,000 (AED 647 per sqft).
- Rented since June 2015 on 5 Ejari contracts, from AED 70,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 12,200 a year (AED 11.30 per sqft).
Source: Dubai Land Department. Updated 22 July 2024.
Questions about 407, Mazaya - Farah Tower 1
What did unit 407 last sell for?
AED 700,000 on 22 July 2024: AED 647 per sqft for 1,081 sqft. The unit has 2 registered sales; the first was AED 956,582 in May 2009.
What is the rent for unit 407?
AED 40,000 a year on the contract signed on 12 September 2022. The previous contract, from May 2019, was AED 54,000; the unit has been rented since June 2015.
How big is unit 407?
1,081 sqft (100.4 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2014.
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 - Farah Tower 1
Starts from the last sale price (AED 700K, 22 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →