2-bed · 1,131 sqftMazaya 03, Liwan · 11th floor · completed 2014

1101, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 909K5 May 2009
Current rentAED 55K /yr8 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, Mazaya 03

What is 1101 worth today?

Last sold for AED 908,644 in 2009

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8 Jul 2024RentedNew contract
AED 55,000/yr12 months · AED 49 per sqft
5 Sep 2021RentedRenewal
AED 38,000/yr12 months · AED 34 per sqft
5 Sep 2020RentedNew contract
AED 38,000/yr12 months · AED 34 per sqft
1 Aug 2019RentedRenewal
AED 53,000/yr12 months · AED 47 per sqft
1 Aug 2018RentedRenewal
AED 60,000/yr12 months · AED 53 per sqft
1 Aug 2017RentedRenewal
AED 70,000/yr12 months · AED 62 per sqft
1 Aug 2016RentedNew contract
AED 70,000/yr12 months · AED 62 per sqft
10 Jun 2015RentedNew contract
AED 77,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
2-bed apartment
Size
1,131 sqft
Floor
11th of 14
Parking
B-2
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,300 /yr
Last sold
AED 909K · May 2009
Building
Mazaya 03

About 1101, Mazaya 03

1101 is a two-bedroom apartment of 1,131 sqft on the 11th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 5 May 2009 for AED 908,644, or AED 803 per sqft, 13% above the AED 711 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 8 July 2024, is AED 55,000 a year: a gross yield of 6.0% on the 2009 price, before the service charge of about AED 8,300 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, 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, May 2009: AED 908,644 (AED 803 per sqft)

1101 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, each contractTypical two-bed in Mazaya 03
40K60K80K2015201820212024Typical 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 77,000 a yearNew contract, August 2016: AED 70,000 a yearRenewal, August 2017: AED 70,000 a yearRenewal, August 2018: AED 60,000 a yearRenewal, August 2019: AED 53,000 a yearNew contract, September 2020: AED 38,000 a yearRenewal, September 2021: AED 38,000 a yearNew contract, July 2024: AED 55,000 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 1101 sits

All 58 2-beds →

1101 last sold in May 2009 at AED 803 per sqft, 13% above what two-beds in Mazaya 03 were fetching at the time (AED 711). 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 11th floor

All 219 units in Mazaya 03
Value
11021-bedAED 242K · Jun 2015
11031-bedAED 375K · Apr 2019
11042-bedAED 650K · Sep 2015
11053-bedAED 600K · Jun 2015
11061-bedAED 720K · Dec 2015
11073-bedAED 632K · Aug 2015
11082-bedAED 540K · Sep 2015
1–7 of 11

1101, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 5 May 2009 for AED 908,644, or AED 803 per sqft.
  • Rented since June 2015 on 8 Ejari contracts. The rent fell from AED 77,000 to AED 38,000 in 2021 and recovered to AED 55,000 by July 2024.
  • At AED 55,000 a year the gross yield on the 2009 price is 6.0%, before a service charge of about AED 8,300 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 8 July 2024.

Questions about 1101, Mazaya 03

What did unit 1101 last sell for?

AED 908,644 on 5 May 2009, sold by the developer: AED 803 per sqft for 1,131 sqft. It is the only registered sale of the unit.

What is the rent for unit 1101?

AED 55,000 a year on the contract signed on 8 July 2024. The previous contract, from September 2021, was AED 38,000; the unit has been rented since June 2015.

How big is unit 1101?

1,131 sqft (105.1 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2014.

What is unit 1101 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 1101, Mazaya 03

Starts from the last sale price (AED 909K, 5 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 908,644
Deposit, UAE resident (20%)
AED 181,729
Deposit, non-resident (40%)
AED 363,458
Monthly over 25 years at 3.7%
AED 3,718

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