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1-bed · 632 sqftMazaya 03, Liwan · 1st floor · completed 2014

116, Mazaya 03

Sold prices and rental history: sold twice, last in October 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 463K8 October 2017
Current rentAED 25K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Mazaya 03

What is 116 worth today?

Last sold for AED 463,000 in 2017

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1 Feb 2022RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft
22 Dec 2020RentedRenewal
AED 24,000/yr12 months · AED 38 per sqft
22 Dec 2019RentedNew contract
AED 27,000/yr12 months · AED 43 per sqft
8 Oct 2017SoldReady
AED 463,000AED 733 per sqft
15 Jun 2015Sold by developerReady
AED 302,342AED 478 per sqft
5 Apr 2015RentedNew contract
AED 48,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
1-bed apartment
Size
632 sqft
Floor
1st of 14
Parking
G-119
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 463K · October 2017
Building
Mazaya 03

About 116, Mazaya 03

116 is a one-bedroom apartment of 632 sqft on the 1st floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 8 October 2017 for AED 463,000, or AED 733 per sqft, 4% below the AED 760 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 February 2022, is AED 25,000 a year: a gross yield of 5.4% on the 2017 price, before the service charge of about AED 4,700 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Mazaya 03
300K400K500K2009201420192024Typical sale price by year: 2009 AED 461,258; 2013 AED 491,929; 2014 AED 457,725; 2015 AED 321,081; 2016 AED 450,000; 2017 AED 475,000; 2018 AED 400,000; 2019 AED 375,000; 2021 AED 310,000; 2025 AED 378,327; 2026 AED 450,000Sold by developer, June 2015: AED 302,342 (AED 478 per sqft)Sold, October 2017: AED 463,000 (AED 733 per sqft)

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

Rents
Unit 116, each contractTypical one-bed in Mazaya 03
20K40K20152017201920212023Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 47,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 29,000; 2021 AED 25,000; 2022 AED 25,650New contract, April 2015: AED 48,000 a yearNew contract, December 2019: AED 27,000 a yearRenewal, December 2020: AED 24,000 a yearNew contract, February 2022: AED 25,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Mazaya 03, and where 116 sits

All 147 1-beds →

116 last sold in October 2017 at AED 733 per sqft, 4% below what one-beds in Mazaya 03 were fetching at the time (AED 760). Over the last 12 months one-beds sold for AED 380,000 to 520,000, around AED 624 per sqft, and rent for AED 40,000 to 50,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jun 2026515,000
30 Apr 2026410,270
4 Apr 2026400,000
31 Jan 2026450,000
7 1-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

116, Mazaya 03 in numbers

  • Sold twice: first on 15 June 2015 for AED 302,342, last on 8 October 2017 for AED 463,000 (AED 733 per sqft).
  • Rented since April 2015 on 4 Ejari contracts, from AED 48,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2017 price is 5.4%, before a service charge of about AED 4,700 a year (AED 7.37 per sqft).
  • One-beds in Mazaya 03 sold for AED 380,000–520,000 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 116, Mazaya 03

What did unit 116 last sell for?

AED 463,000 on 8 October 2017: AED 733 per sqft for 632 sqft. The unit has 2 registered sales; the first was AED 302,342 in June 2015.

What is the rent for unit 116?

AED 25,000 a year on the contract signed on 1 February 2022. The previous contract, from December 2020, was AED 24,000; the unit has been rented since April 2015.

How big is unit 116?

632 sqft (58.7 sqm): a one-bedroom apartment on the 1st floor of a 14-storey tower completed in 2014.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 03 sold for AED 380,000 to 520,000 in the last 12 months, around AED 624 per sqft.

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Mortgage on 116, Mazaya 03

Starts from the last sale price (AED 463K, 8 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 463,000
Deposit, UAE resident (20%)
AED 92,600
Deposit, non-resident (40%)
AED 185,200
Monthly over 25 years at 3.7%
AED 1,894

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