3-bed · 1,725 sqftMazaya 03, Liwan · 12th floor · completed 2014

1207, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 1.3M4 May 2009
Current rentAED 50K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1207, Mazaya 03

What is 1207 worth today?

Last sold for AED 1,295,787 in 2009

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1 Nov 2021RentedNew contract
AED 50,000/yr12 months · AED 29 per sqft
15 Nov 2019RentedNew contract
AED 65,000/yr11 months · AED 38 per sqft
25 Sep 2017RentedNew contract
AED 78,000/yr12 months · AED 45 per sqft
20 Aug 2016RentedNew contract
AED 108,000/yr12 months · AED 63 per sqft
4 May 2009Sold by developerOff-plan
AED 1,295,787AED 751 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
3-bed apartment
Size
1,725 sqft
Floor
12th of 14
Parking
G-141,G-142
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 12,700 /yr
Last sold
AED 1.3M · May 2009
Building
Mazaya 03

About 1207, Mazaya 03

1207 is a three-bedroom apartment of 1,725 sqft on the 12th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 1,295,787, or AED 751 per sqft.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 November 2021, is AED 50,000 a year: a gross yield of 3.9% on the 2009 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, each saleTypical three-bed in Mazaya 03
1M2009201120132015Typical sale price by year: 2009 AED 1,295,787; 2015 AED 691,231Sold by developer, May 2009: AED 1,295,787 (AED 751 per sqft)

1207 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1207, each contractTypical three-bed in Mazaya 03
50K100K2015201720192021Typical rent by year: 2015 AED 105,000; 2016 AED 95,000; 2017 AED 80,000; 2019 AED 72,500; 2020 AED 65,000; 2021 AED 52,000New contract, August 2016: AED 108,000 a yearNew contract, September 2017: AED 78,000 a yearNew contract, November 2019: AED 65,000 a yearNew contract, November 2021: AED 50,000 a year

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

3-beds in Mazaya 03, and where 1207 sits

All 13 3-beds →

Over the last 12 months three-beds sold for AED 930,000, around AED 512 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Sep 2026930,000
14 Apr 2021800,000
17 Oct 20171,025,000
6 Dec 2015821,848
1 3-bed sale 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 12th floor

All 219 units in Mazaya 03
Value
12012-bedAED 468K · Sep 2015
12021-bedAED 241K · Jul 2015
12031-bedAED 265K · Dec 2015
12042-bedAED 425K · Aug 2021
12053-bedAED 800K · Apr 2021
12061-bedAED 575K · Dec 2016
12082-bedNo registered sale
1–7 of 11

1207, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 1,295,787, or AED 751 per sqft.
  • Rented since August 2016 on 4 Ejari contracts, from AED 108,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2009 price is 3.9%, before a service charge of about AED 12,700 a year (AED 7.37 per sqft).
  • Three-beds in Mazaya 03 sold for AED 930,000–930,000 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 November 2021.

Questions about 1207, Mazaya 03

What did unit 1207 last sell for?

AED 1,295,787 on 4 May 2009, sold by the developer: AED 751 per sqft for 1,725 sqft. It is the only registered sale of the unit.

What is the rent for unit 1207?

AED 50,000 a year on the contract signed on 1 November 2021. The previous contract, from November 2019, was AED 65,000; the unit has been rented since August 2016.

How big is unit 1207?

1,725 sqft (160.3 sqm): a three-bedroom apartment on the 12th floor of a 14-storey tower completed in 2014.

What is unit 1207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mazaya 03 sold for AED 930,000 to 930,000 in the last 12 months, around AED 512 per sqft.

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Mortgage on 1207, Mazaya 03

Starts from the last sale price (AED 1.3M, 4 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,295,787
Deposit, UAE resident (20%)
AED 259,157
Deposit, non-resident (40%)
AED 518,315
Monthly over 25 years at 3.7%
AED 5,301

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