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2-bed · 1,091 sqftMazaya - Ghanima (Queue Point - R097), Liwan · 4th floor · completed 2014

406, Mazaya - Ghanima (Queue Point - R097)

Sold prices and rental history: sold 3 times, last in June 2017, and rented once, from November 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 4 June 2017
Last soldAED 375K4 June 2017
Current rentAED 65K /yr24 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Mazaya - Ghanima (Queue Point - R097)

What is 406 worth today?

Last sold for AED 375,000 in 2017

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4 Jun 2017SoldReady
AED 375,000AED 343 per sqft
24 Nov 2014RentedNew contract
AED 65,000/yr12 months · AED 60 per sqft
1 Oct 2013SoldOff-plan
AED 550,000AED 504 per sqft
6 May 2009Sold by developerOff-plan
AED 830,034AED 761 per sqft

Source: Dubai Land Department. Updated 4 June 2017.

Key facts

Type
2-bed apartment
Size
1,091 sqft
Floor
4th of 6
Parking
G-11
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 13,100 /yr
Last sold
AED 375K · June 2017
Building
Mazaya - Ghanima (Queue Point - R097)

About 406, Mazaya - Ghanima (Queue Point - R097)

406 is a two-bedroom apartment of 1,091 sqft on the 4th floor of Mazaya - Ghanima (Queue Point - R097), a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 4 June 2017 for AED 375,000, or AED 343 per sqft.

One Ejari contract is registered, from 24 November 2014. The current contract, signed on 24 November 2014, is AED 65,000 a year: a gross yield of 17.3% on the 2017 price, before the service charge of about AED 13,100 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Mazaya - Ghanima (Queue Point - R097)
500K750K200920122015Typical sale price by year: 2009 AED 727,119; 2014 AED 727,119; 2015 AED 358,051Sold by developer, May 2009: AED 830,034 (AED 761 per sqft)Sold, October 2013: AED 550,000 (AED 504 per sqft)Sold, June 2017: AED 375,000 (AED 343 per sqft)

406 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, each contractTypical two-bed in Mazaya - Ghanima (Queue Point - R097)
40K60K2014201820222026Typical rent by year: 2015 AED 69,000; 2016 AED 66,150; 2017 AED 65,000; 2018 AED 60,000; 2019 AED 52,500; 2020 AED 43,000; 2021 AED 40,500; 2022 AED 42,000; 2023 AED 48,000; 2024 AED 50,000; 2025 AED 60,000; 2026 AED 64,500New contract, November 2014: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya - Ghanima (Queue Point - R097), and where 406 sits

All 14 2-beds →

Over the last 12 months two-beds sold for AED 1,035,000, around AED 636 per sqft, and rent for AED 51,360 to 70,000 a year. 406's AED 65,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Mar 20261,035,000
15 Aug 2025940,000
28 Sep 2023575,000
22 Feb 2021300,000
1 2-bed sale in the last 12 months

Mazaya - Ghanima (Queue Point - R097)

Building

55 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.

Typical price per sqft
AED 794
Typical sale
AED 640K
Typical rent
AED 52K /yr
Typical yield
9.3%
Mazaya - Ghanima (Queue Point - R097), Liwan: prices, sales and rents →

Other units on the 4th floor

All 55 units in Mazaya - Ghanima (Queue Point - R097)
Value
4011-bedAED 288K · Nov 2014
4023-bedAED 1.3M · May 2009
4032-bedAED 1.04M · Mar 2026
4041-bedAED 670K · Oct 2021
4051-bedAED 438K · Dec 2014
4071-bedAED 288K · Feb 2015
4081-bedAED 230K · Nov 2014
1–7 of 8

406, Mazaya - Ghanima (Queue Point - R097) in numbers

  • Sold 3 times: first on 6 May 2009 for AED 830,034, last on 4 June 2017 for AED 375,000 (AED 343 per sqft).
  • Rented since November 2014 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2017 price is 17.3%, before a service charge of about AED 13,100 a year (AED 12.01 per sqft).
  • Two-beds in Mazaya - Ghanima (Queue Point - R097) sold for AED 1,035,000–1,035,000 in the 12 months to November 2026; the building's median across all types is AED 794 per sqft.

Source: Dubai Land Department. Updated 4 June 2017.

Questions about 406, Mazaya - Ghanima (Queue Point - R097)

What did unit 406 last sell for?

AED 375,000 on 4 June 2017: AED 343 per sqft for 1,091 sqft. The unit has 3 registered sales; the first was AED 830,034 in May 2009.

What is the rent for unit 406?

AED 65,000 a year on the contract signed on 24 November 2014.

How big is unit 406?

1,091 sqft (101.4 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2014.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya - Ghanima (Queue Point - R097) sold for AED 1,035,000 to 1,035,000 in the last 12 months, around AED 636 per sqft.

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Mortgage on 406, Mazaya - Ghanima (Queue Point - R097)

Starts from the last sale price (AED 375K, 4 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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