1204, Mazaya 03
Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1204, Mazaya 03
What is 1204 worth today?
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Source: Dubai Land Department. Updated 15 August 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,663 sqft
- Floor
- 12th of 14
- Parking
- B-80,B-81
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,300 /yr
- Last sold
- AED 425K · August 2021
- Building
- Mazaya 03
About 1204, Mazaya 03
1204 is a two-bedroom apartment of 1,663 sqft on the 12th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 15 August 2021 for AED 425,000, or AED 255 per sqft, 40% below the AED 428 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 31 May 2020, is AED 60,000 a year: a gross yield of 14.1% on the 2021 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1204 over time
1204 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1204 sits
All 58 2-beds →1204 last sold in August 2021 at AED 255 per sqft, 40% below what two-beds in Mazaya 03 were fetching at the time (AED 428). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 May 202612 May 2026 | 1,246 sqft | 700,000 | 561 | ||
| 29 Apr 202629 April 2026 | 1,501 sqft | 700,000 | 466 | ||
| 13 Feb 202613 February 2026 | 1,168 sqft | 680,000 | 582 | ||
| 30 Mar 202230 March 2022 | 1,214 sqft | 452,000 | 372 |
Mazaya 03
Building219 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%
Other units on the 12th floor
All 219 units in Mazaya 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,131 sqft | AED 468KAED 467,500 · Sep 2015September 2015 | 42,000 /yr | |
| 1202 | 1-bed | 641 sqft | AED 241KAED 240,826 · Jul 2015July 2015 | 25,000 /yr | |
| 1203 | 1-bed | 642 sqft | AED 265KAED 265,000 · Dec 2015December 2015 | ||
| 1205 | 3-bed | 1,646 sqft | AED 800KAED 800,000 · Apr 2021April 2021 | 43,200 /yr | |
| 1206 | 1-bed | 874 sqft | AED 575KAED 575,000 · Dec 2016December 2016 | 34,000 /yr | |
| 1207 | 3-bed | 1,725 sqft | AED 1.3MAED 1,295,787 · May 2009May 2009 | 50,000 /yr | |
| 1208 | 2-bed | 1,515 sqft | No registered sale | ||
| 1209 | 1-bed | 806 sqft | AED 585KAED 585,000 · Apr 2016April 2016 | 30,000 /yr | |
| 1210 | 3-bed | 1,813 sqft | AED 822KAED 821,848 · Dec 2015December 2015 | 60,000 /yr | |
| 1211 | 2-bed | 1,501 sqft | AED 1.05MAED 1,045,792 · May 2015May 2015 | 40,000 /yr | |
| 1212 | 2-bed | 1,294 sqft | AED 955KAED 955,000 · Oct 2015October 2015 |
1204, Mazaya 03 in numbers
- Sold twice: first on 18 June 2015 for AED 607,305, last on 15 August 2021 for AED 425,000 (AED 255 per sqft).
- Rented since June 2015 on 6 Ejari contracts, from AED 90,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 14.1%, before a service charge of about AED 12,300 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 15 August 2021.
Questions about 1204, Mazaya 03
What did unit 1204 last sell for?
AED 425,000 on 15 August 2021: AED 255 per sqft for 1,663 sqft. The unit has 2 registered sales; the first was AED 607,305 in June 2015.
What is the rent for unit 1204?
AED 60,000 a year on the contract renewed on 31 May 2020. The previous contract, from May 2019, was AED 70,000; the unit has been rented since June 2015.
How big is unit 1204?
1,663 sqft (154.5 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2014.
What is unit 1204 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 1204, Mazaya 03
Starts from the last sale price (AED 425K, 15 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 425,000
- Deposit, UAE resident (20%)
- AED 85,000
- Deposit, non-resident (40%)
- AED 170,000
- Monthly over 25 years at 3.7%
- AED 1,739
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →