2-bed · 1,294 sqftMazaya 03, Liwan · 1st floor · completed 2014

114, Mazaya 03

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

Unit 114 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 458K17 June 2015
Current rentAED 45K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 114, Mazaya 03

What is 114 worth today?

Last sold for AED 458,321 in 2015

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1 Feb 2022RentedNew contract
AED 45,000/yr12 months · AED 35 per sqft
1 Jun 2020RentedRenewal
AED 43,000/yr12 months · AED 33 per sqft
1 Jun 2019RentedNew contract
AED 47,000/yr12 months · AED 36 per sqft
22 May 2017RentedRenewal
AED 70,000/yr12 months · AED 54 per sqft
22 May 2016RentedNew contract
AED 72,000/yr12 months · AED 56 per sqft
17 Jun 2015Sold by developerReady
AED 458,321AED 354 per sqft
19 May 2015RentedNew contract
AED 73,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
2-bed apartment
Size
1,294 sqft
Floor
1st of 14
Parking
B-63
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,500 /yr
Last sold
AED 458K · June 2015
Building
Mazaya 03

About 114, Mazaya 03

114 is a two-bedroom apartment of 1,294 sqft on the 1st floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 17 June 2015 for AED 458,321, or AED 354 per sqft, 5% below the AED 372 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 February 2022, is AED 45,000 a year: a gross yield of 9.8% on the 2015 price, before the service charge of about AED 9,500 a year.

Sales and rents for 114 over time

Sales
Unit 114, 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, June 2015: AED 458,321 (AED 354 per sqft)

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

Rents
Unit 114, 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, May 2015: AED 73,000 a yearNew contract, May 2016: AED 72,000 a yearRenewal, May 2017: AED 70,000 a yearNew contract, June 2019: AED 47,000 a yearRenewal, June 2020: AED 43,000 a yearNew contract, February 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 114 sits

All 58 2-beds →

114 last sold in June 2015 at AED 354 per sqft, 5% 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 1st floor

All 219 units in Mazaya 03
Value
1011-bedAED 186K · Jul 2015
1021-bedAED 450K · Jan 2026
1031-bedAED 125K · Jun 2022
1041-bedAED 300K · Sep 2021
1052-bedAED 490K · Jun 2021
1062-bedAED 452K · Mar 2022
1071-bedAED 520K · Jan 2026
1–7 of 18

114, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 17 June 2015 for AED 458,321, or AED 354 per sqft.
  • Rented since May 2015 on 6 Ejari contracts, from AED 73,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2015 price is 9.8%, before a service charge of about AED 9,500 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 1 February 2022.

Questions about 114, Mazaya 03

What did unit 114 last sell for?

AED 458,321 on 17 June 2015, sold by the developer: AED 354 per sqft for 1,294 sqft. It is the only registered sale of the unit.

What is the rent for unit 114?

AED 45,000 a year on the contract signed on 1 February 2022. The previous contract, from June 2020, was AED 43,000; the unit has been rented since May 2015.

How big is unit 114?

1,294 sqft (120.2 sqm): a two-bedroom apartment on the 1st floor of a 14-storey tower completed in 2014.

What is unit 114 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 114, Mazaya 03

Starts from the last sale price (AED 458K, 17 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 458,321
Deposit, UAE resident (20%)
AED 91,664
Deposit, non-resident (40%)
AED 183,328
Monthly over 25 years at 3.7%
AED 1,875

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