702, Mazaya - Farah Tower 1
Sold prices and rental history: sold once, by the developer in January 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Mazaya - Farah Tower 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 20 September 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 758 sqft
- Floor
- 7th of 9
- Parking
- G-32
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 8,600 /yr
- Last sold
- AED 600K · January 2016
- Building
- Mazaya - Farah Tower 1
About 702, Mazaya - Farah Tower 1
702 is a one-bedroom apartment of 758 sqft on the 7th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 20 January 2016 for AED 600,000, or AED 791 per sqft, 7% above the AED 739 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 20 September 2022, is AED 30,000 a year: a gross yield of 5.0% on the 2016 price, before the service charge of about AED 8,600 a year.
Sales and rents for 702 over time
702 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mazaya - Farah Tower 1, and where 702 sits
All 63 1-beds →702 last sold in January 2016 at AED 791 per sqft, 7% above what one-beds in Mazaya - Farah Tower 1 were fetching at the time (AED 739). Over the last 12 months one-beds sold for AED 550,000 to 595,000, around AED 845 per sqft, and rent for AED 16,000 to 55,000 a year. 702's AED 30,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Aug 202613 August 2026 | 814 sqft | 570,000 | 700 | ||
| 9 Jul 20269 July 2026 | 811 sqft | 595,000 | 733 | ||
| 17 Feb 202617 February 2026 | 651 sqft | 550,000 | 845 | ||
| 11 Feb 202611 February 2026 | 651 sqft | 550,000 | 845 |
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 7th floor
All 81 units in Mazaya - Farah Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 651 sqft | AED 375KAED 375,000 · Feb 2019February 2019 | ||
| 703 | 1-bed | 651 sqft | AED 550KAED 550,000 · Feb 2026February 2026 | 27,000 /yr | |
| 704 | 1-bed | 814 sqft | AED 335KAED 335,000 · May 2022May 2022 | 44,464 /yr | |
| 705 | 1-bed | 815 sqft | AED 415KAED 415,000 · Mar 2017March 2017 | 42,000 /yr | |
| 706 | 2-bed | 1,067 sqft | AED 1.36MAED 1,358,460 · May 2009May 2009 | 52,030 /yr | |
| 707 | 2-bed | 1,066 sqft | AED 600KAED 600,000 · Mar 2019March 2019 | 58,481 /yr | |
| 708 | 1-bed | 812 sqft | AED 600KAED 600,000 · Jun 2016June 2016 | 53,000 /yr | |
| 709 | 1-bed | 811 sqft | AED 595KAED 595,000 · Jul 2026July 2026 | 53,000 /yr |
702, Mazaya - Farah Tower 1 in numbers
- Sold once: by Al Mazaya Real Estate on 20 January 2016 for AED 600,000, or AED 791 per sqft.
- Rented since January 2016 on 4 Ejari contracts, from AED 25,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2016 price is 5.0%, before a service charge of about AED 8,600 a year (AED 11.30 per sqft).
- One-beds in Mazaya - Farah Tower 1 sold for AED 550,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 845 per sqft.
Source: Dubai Land Department. Updated 20 September 2022.
Questions about 702, Mazaya - Farah Tower 1
What did unit 702 last sell for?
AED 600,000 on 20 January 2016, sold by the developer: AED 791 per sqft for 758 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 30,000 a year on the contract signed on 20 September 2022. The previous contract, from September 2019, was AED 32,000; the unit has been rented since January 2016.
How big is unit 702?
758 sqft (70.4 sqm): a one-bedroom apartment on the 7th floor of a 9-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. One-beds in Mazaya - Farah Tower 1 sold for AED 550,000 to 595,000 in the last 12 months, around AED 845 per sqft.
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Mortgage on 702, Mazaya - Farah Tower 1
Starts from the last sale price (AED 600K, 20 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →