1-bed · 588 sqftMazaya 03, Liwan · 3rd floor · completed 2014

302, Mazaya 03

Sold prices and rental history: sold twice, last in July 2016, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 408K17 July 2016
Current rentAED 23K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Mazaya 03

What is 302 worth today?

Last sold for AED 408,000 in 2016

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1 Aug 2021RentedNew contract
AED 23,000/yr12 months · AED 39 per sqft
20 Jun 2020RentedNew contract
AED 25,000/yr12 months · AED 42 per sqft
1 May 2018RentedNew contract
AED 38,000/yr12 months · AED 64 per sqft
18 Apr 2017RentedRenewal
AED 45,000/yr12 months · AED 76 per sqft
17 Jul 2016SoldReady
AED 408,000AED 694 per sqft
18 Apr 2016RentedRenewal
AED 48,000/yr12 months · AED 81 per sqft
18 Apr 2015RentedNew contract
AED 48,000/yr12 months · AED 81 per sqft
4 May 2009Sold by developerOff-plan
AED 409,301AED 696 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
1-bed apartment
Size
588 sqft
Floor
3rd of 14
Parking
G-50
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,300 /yr
Last sold
AED 408K · July 2016
Building
Mazaya 03

About 302, Mazaya 03

302 is a one-bedroom apartment of 588 sqft on the 3rd floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 17 July 2016 for AED 408,000, or AED 694 per sqft, in line with the AED 681 one-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 August 2021, is AED 23,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 4,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, May 2009: AED 409,301 (AED 696 per sqft)Sold, July 2016: AED 408,000 (AED 694 per sqft)

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

Rents
Unit 302, 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 yearRenewal, April 2016: AED 48,000 a yearRenewal, April 2017: AED 45,000 a yearNew contract, May 2018: AED 38,000 a yearNew contract, June 2020: AED 25,000 a yearNew contract, August 2021: AED 23,000 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 302 sits

All 147 1-beds →

302 last sold in July 2016 at AED 694 per sqft, in line with what one-beds in Mazaya 03 were fetching at the time (AED 681). 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 3rd floor

All 219 units in Mazaya 03
Value
3011-bedAED 20K · Jun 2023
3031-bedAED 490K · May 2016
3041-bedAED 443K · May 2009
3052-bedAED 816K · May 2009
3062-bedAED 834K · May 2009
3071-bedAED 339K · Jun 2015
3081-bedAED 658K · May 2009
1–7 of 18

302, Mazaya 03 in numbers

  • Sold twice: first on 4 May 2009 for AED 409,301, last on 17 July 2016 for AED 408,000 (AED 694 per sqft).
  • Rented since April 2015 on 6 Ejari contracts, from AED 48,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 4,300 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 August 2021.

Questions about 302, Mazaya 03

What did unit 302 last sell for?

AED 408,000 on 17 July 2016: AED 694 per sqft for 588 sqft. The unit has 2 registered sales; the first was AED 409,301 in May 2009.

What is the rent for unit 302?

AED 23,000 a year on the contract signed on 1 August 2021. The previous contract, from June 2020, was AED 25,000; the unit has been rented since April 2015.

How big is unit 302?

588 sqft (54.6 sqm): a one-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2014.

What is unit 302 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 302, Mazaya 03

Starts from the last sale price (AED 408K, 17 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 408,000
Deposit, UAE resident (20%)
AED 81,600
Deposit, non-resident (40%)
AED 163,200
Monthly over 25 years at 3.7%
AED 1,669

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