1308, Mazaya 03
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1308, Mazaya 03
What is 1308 worth today?
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Source: Dubai Land Department. Updated 1 January 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,515 sqft
- Floor
- 13th of 14
- Parking
- B-21
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 11,200 /yr
- Last sold
- AED 1.27M · May 2009
- Building
- Mazaya 03
About 1308, Mazaya 03
1308 is a two-bedroom apartment of 1,515 sqft on the 13th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 6 May 2009 for AED 1,266,592, or AED 835 per sqft, 15% above the AED 725 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 January 2020, is AED 60,000 a year: a gross yield of 4.7% on the 2009 price, before the service charge of about AED 11,200 a year.
Sales and rents for 1308 over time
1308 has sold once; 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 1308 sits
All 58 2-beds →1308 last sold in May 2009 at AED 835 per sqft, 15% above what two-beds in Mazaya 03 were fetching at the time (AED 725). 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 13th floor
All 219 units in Mazaya 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 1,131 sqft | AED 909KAED 908,644 · May 2009May 2009 | 50,000 /yr | |
| 1302 | 1-bed | 641 sqft | AED 475KAED 475,000 · Feb 2016February 2016 | 22,000 /yr | |
| 1303 | 1-bed | 642 sqft | AED 540KAED 540,000 · Aug 2015August 2015 | 23,000 /yr | |
| 1304 | 2-bed | 1,663 sqft | AED 701KAED 701,000 · Jul 2019July 2019 | ||
| 1305 | 3-bed | 1,646 sqft | AED 1MAED 1,000,000 · Oct 2013October 2013 | ||
| 1306 | 1-bed | 874 sqft | AED 662KAED 662,121 · May 2009May 2009 | 26,000 /yr | |
| 1307 | 3-bed | 1,725 sqft | AED 1.25MAED 1,253,000 · Jul 2015July 2015 | ||
| 1309 | 1-bed | 806 sqft | AED 617KAED 617,275 · May 2009May 2009 | 50,000 /yr | |
| 1310 | 3-bed | 1,813 sqft | AED 1.32MAED 1,315,721 · May 2009May 2009 | 50,000 /yr | |
| 1311 | 2-bed | 1,501 sqft | AED 1.14MAED 1,140,548 · Apr 2016April 2016 | 43,000 /yr | |
| 1312 | 2-bed | 1,294 sqft | AED 470KAED 470,000 · Jul 2015July 2015 | 43,000 /yr |
1308, Mazaya 03 in numbers
- Sold once: by Al Mazaya Real Estate on 6 May 2009 for AED 1,266,592, or AED 835 per sqft.
- Rented since January 2017 on 4 Ejari contracts, from AED 100,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2009 price is 4.7%, 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 1 January 2020.
Questions about 1308, Mazaya 03
What did unit 1308 last sell for?
AED 1,266,592 on 6 May 2009, sold by the developer: AED 835 per sqft for 1,515 sqft. It is the only registered sale of the unit.
What is the rent for unit 1308?
AED 60,000 a year on the contract renewed on 1 January 2020. The previous contract, from January 2019, was AED 60,000; the unit has been rented since January 2017.
How big is unit 1308?
1,515 sqft (140.7 sqm): a two-bedroom apartment on the 13th floor of a 14-storey tower completed in 2014.
What is unit 1308 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 1308, Mazaya 03
Starts from the last sale price (AED 1.27M, 6 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,266,592
- Deposit, UAE resident (20%)
- AED 253,318
- Deposit, non-resident (40%)
- AED 506,637
- Monthly over 25 years at 3.7%
- AED 5,182
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →