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2-bed · 1,501 sqftMazaya 03, Liwan · 10th floor · completed 2014

1011, Mazaya 03

Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1011 · DLD and Ejari recordsUpdated 29 September 2020
Last soldAED 800K29 September 2020
Current rentAED 43K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1011, Mazaya 03

What is 1011 worth today?

Last sold for AED 800,000 in 2020

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29 Sep 2020SoldReady
AED 800,000AED 533 per sqft
1 Aug 2020RentedNew contract
AED 42,500/yr12 months · AED 28 per sqft
25 Jun 2018RentedRenewal
AED 75,000/yr12 months · AED 50 per sqft
25 Jun 2017RentedRenewal
AED 78,000/yr12 months · AED 52 per sqft
25 Jun 2016RentedRenewal
AED 78,000/yr12 months · AED 52 per sqft
29 Nov 2015Sold by developerReady
AED 551,838AED 367 per sqft
25 Jun 2015RentedNew contract
AED 88,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 29 September 2020.

Key facts

Type
2-bed apartment
Size
1,501 sqft
Floor
10th of 14
Parking
B-23
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,100 /yr
Last sold
AED 800K · September 2020
Building
Mazaya 03

About 1011, Mazaya 03

1011 is a two-bedroom apartment of 1,501 sqft on the 10th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 29 September 2020 for AED 800,000, or AED 533 per sqft.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 August 2020, is AED 42,500 a year: a gross yield of 5.3% on the 2020 price, before the service charge of about AED 11,100 a year.

Sales and rents for 1011 over time

Sales
Unit 1011, each saleTypical two-bed in Mazaya 03
400K600K800K2009201420192024Typical 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, November 2015: AED 551,838 (AED 367 per sqft)Sold, September 2020: AED 800,000 (AED 533 per sqft)

1011 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1011, 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, June 2015: AED 88,000 a yearRenewal, June 2016: AED 78,000 a yearRenewal, June 2017: AED 78,000 a yearRenewal, June 2018: AED 75,000 a yearNew contract, August 2020: AED 42,500 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 1011 sits

All 58 2-beds →

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

1011, Mazaya 03 in numbers

  • Sold twice: first on 29 November 2015 for AED 551,838, last on 29 September 2020 for AED 800,000 (AED 533 per sqft).
  • Rented since June 2015 on 5 Ejari contracts, from AED 88,000 to AED 42,500 a year.
  • At AED 42,500 a year the gross yield on the 2020 price is 5.3%, before a service charge of about AED 11,100 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 29 September 2020.

Questions about 1011, Mazaya 03

What did unit 1011 last sell for?

AED 800,000 on 29 September 2020: AED 533 per sqft for 1,501 sqft. The unit has 2 registered sales; the first was AED 551,838 in November 2015.

What is the rent for unit 1011?

AED 42,500 a year on the contract signed on 1 August 2020. The previous contract, from June 2018, was AED 75,000; the unit has been rented since June 2015.

How big is unit 1011?

1,501 sqft (139.4 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2014.

What is unit 1011 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 1011, Mazaya 03

Starts from the last sale price (AED 800K, 29 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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