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2-bed · 1,515 sqftMazaya 03, Liwan · 11th floor · completed 2014

1108, Mazaya 03

Sold prices and rental history: sold once, by the developer in September 2015, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 25 March 2022
Last soldAED 540K14 September 2015
Current rentAED 45K /yr25 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1108, Mazaya 03

What is 1108 worth today?

Last sold for AED 540,000 in 2015

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25 Mar 2022RentedNew contract
AED 45,000/yr12 months · AED 30 per sqft
14 Sep 2015Sold by developerReady
AED 540,000AED 356 per sqft

Source: Dubai Land Department. Updated 25 March 2022.

Key facts

Type
2-bed apartment
Size
1,515 sqft
Floor
11th of 14
Parking
B-25
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 540K · September 2015
Building
Mazaya 03

About 1108, Mazaya 03

1108 is a two-bedroom apartment of 1,515 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 14 September 2015 for AED 540,000, or AED 356 per sqft, 4% below the AED 372 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 March 2022. The current contract, signed on 25 March 2022, is AED 45,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 11,200 a year.

Sales and rents for 1108 over time

Sales
Unit 1108, 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, September 2015: AED 540,000 (AED 356 per sqft)

1108 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1108, 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, March 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 1108 sits

All 58 2-beds →

1108 last sold in September 2015 at AED 356 per sqft, 4% below what two-beds in Mazaya 03 were fetching at the time (AED 372). 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
11012-bedAED 909K · May 2009
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
1–7 of 11

1108, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 14 September 2015 for AED 540,000, or AED 356 per sqft.
  • Rented since March 2022 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2015 price is 8.3%, 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 25 March 2022.

Questions about 1108, Mazaya 03

What did unit 1108 last sell for?

AED 540,000 on 14 September 2015, sold by the developer: AED 356 per sqft for 1,515 sqft. It is the only registered sale of the unit.

What is the rent for unit 1108?

AED 45,000 a year on the contract signed on 25 March 2022.

How big is unit 1108?

1,515 sqft (140.7 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2014.

What is unit 1108 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 1108, Mazaya 03

Starts from the last sale price (AED 540K, 14 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 540,000
Deposit, UAE resident (20%)
AED 108,000
Deposit, non-resident (40%)
AED 216,000
Monthly over 25 years at 3.7%
AED 2,209

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