2-bed · 1,515 sqftMazaya 03, Liwan · 10th floor · completed 2014

1008, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 5 January 2022
Last soldAED 1.15M26 May 2015
Current rentAED 45K /yr5 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1008, Mazaya 03

What is 1008 worth today?

Last sold for AED 1,152,308 in 2015

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5 Jan 2022RentedRenewal
AED 45,000/yr12 months · AED 30 per sqft
5 Jan 2021RentedNew contract
AED 45,000/yr12 months · AED 30 per sqft
1 Dec 2019RentedNew contract
AED 58,000/yr12 months · AED 38 per sqft
25 Nov 2018RentedNew contract
AED 65,000/yr12 months · AED 43 per sqft
10 May 2018RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
10 May 2017RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
10 May 2016RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
26 May 2015Sold by developerReady
AED 1,152,308AED 760 per sqft

Source: Dubai Land Department. Updated 5 January 2022.

Key facts

Type
2-bed apartment
Size
1,515 sqft
Floor
10th of 14
Parking
B-24
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 1.15M · May 2015
Building
Mazaya 03

About 1008, Mazaya 03

1008 is a two-bedroom apartment of 1,515 sqft on the 10th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 26 May 2015 for AED 1,152,308, or AED 760 per sqft, 9% above the AED 699 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 5 January 2022, is AED 45,000 a year: a gross yield of 3.9% on the 2015 price, before the service charge of about AED 11,200 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Mazaya 03
500K1M2009201420192024Typical sale price by year: 2009 AED 884,813; 2013 AED 479,859; 2015 AED 468,271; 2016 AED 775,000; 2017 AED 760,000; 2018 AED 785,000; 2019 AED 580,000; 2021 AED 500,000; 2026 AED 700,000Sold by developer, May 2015: AED 1,152,308 (AED 760 per sqft)

1008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Mazaya 03
50K75K2015201820212024Typical rent by year: 2015 AED 74,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 41,000; 2024 AED 55,000New contract, May 2015: AED 85,000 a yearRenewal, May 2016: AED 85,000 a yearRenewal, May 2017: AED 85,000 a yearNew contract, May 2018: AED 85,000 a yearNew contract, November 2018: AED 65,000 a yearNew contract, December 2019: AED 58,000 a yearNew contract, January 2021: AED 45,000 a yearRenewal, January 2022: AED 45,000 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 03, and where 1008 sits

All 58 2-beds →

1008 last sold in May 2015 at AED 760 per sqft, 9% above what two-beds in Mazaya 03 were fetching at the time (AED 699). Over the last 12 months two-beds sold for AED 680,000 to 700,000, around AED 561 per sqft, and rent for AED 50,000 to 50,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
12 May 2026700,000
29 Apr 2026700,000
13 Feb 2026680,000
30 Mar 2022452,000
3 2-bed sales in the last 12 months

Mazaya 03

Building

219 apartments, studios to 3-bed over 14 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 11 sold in the last 12 months.

Typical price per sqft
AED 571
Typical sale
AED 515K
Typical rent
AED 50K /yr
Typical yield
7.1%
Mazaya 03, Liwan: prices, sales and rents →

Other units on the 10th floor

All 219 units in Mazaya 03
Value
10012-bedAED 909K · May 2009
10021-bedAED 239K · Nov 2015
10031-bedAED 233K · Aug 2015
10042-bedAED 620K · Oct 2021
10053-bedAED 1.2M · May 2009
10061-bedAED 344K · Jul 2015
10073-bedAED 1.25M · May 2015
1–7 of 11

1008, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 26 May 2015 for AED 1,152,308, or AED 760 per sqft.
  • Rented since May 2015 on 8 Ejari contracts, from AED 85,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2015 price is 3.9%, before a service charge of about AED 11,200 a year (AED 7.37 per sqft).
  • Two-beds in Mazaya 03 sold for AED 680,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 571 per sqft.

Source: Dubai Land Department. Updated 5 January 2022.

Questions about 1008, Mazaya 03

What did unit 1008 last sell for?

AED 1,152,308 on 26 May 2015, sold by the developer: AED 760 per sqft for 1,515 sqft. It is the only registered sale of the unit.

What is the rent for unit 1008?

AED 45,000 a year on the contract renewed on 5 January 2022. The previous contract, from January 2021, was AED 45,000; the unit has been rented since May 2015.

How big is unit 1008?

1,515 sqft (140.7 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2014.

What is unit 1008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 03 sold for AED 680,000 to 700,000 in the last 12 months, around AED 561 per sqft.

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Mortgage on 1008, Mazaya 03

Starts from the last sale price (AED 1.15M, 26 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,152,308
Deposit, UAE resident (20%)
AED 230,462
Deposit, non-resident (40%)
AED 460,923
Monthly over 25 years at 3.7%
AED 4,714

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