diff --git a/xen/common/grant_table.c b/xen/common/grant_table.c
index 0262f2c48a..ed1e2fabce 100644
--- a/xen/common/grant_table.c
+++ b/xen/common/grant_table.c
@@ -1488,8 +1488,15 @@ unmap_common(
     if ( put_handle )
         put_maptrack_handle(lgt, op->handle);
 
-    /* See the respective comment in map_grant_ref(). */
-    if ( rc == GNTST_okay && ld != rd && gnttab_need_iommu_mapping(ld) )
+    /*
+     * map_grant_ref() will only increment the refcount (and update the
+     * IOMMU) once per mapping. So we only want to decrement it once the
+     * maptrack handle has been put, alongside the further IOMMU update.
+     *
+     * For the second and third check, see the respective comment in
+     * map_grant_ref().
+     */
+    if ( put_handle && ld != rd && gnttab_need_iommu_mapping(ld) )
     {
         void **slot;
         union maptrack_node node;