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1-bed · 933 sqftMazaya 03, Liwan · 3rd floor · completed 2014

309, Mazaya 03

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

Unit 309 · DLD and Ejari recordsUpdated 16 November 2017
Last soldAED 575K16 November 2017
Current rentAED 58K /yr10 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Mazaya 03

What is 309 worth today?

Last sold for AED 575,000 in 2017

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16 Nov 2017SoldReady
AED 575,000AED 615 per sqft
10 May 2016RentedRenewal
AED 58,000/yr12 months · AED 62 per sqft
17 Jun 2015Sold by developerReady
AED 345,171AED 369 per sqft
10 May 2015RentedNew contract
AED 58,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 16 November 2017.

Key facts

Type
1-bed apartment
Size
933 sqft
Floor
3rd of 14
Parking
G-113
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,900 /yr
Last sold
AED 575K · November 2017
Building
Mazaya 03

About 309, Mazaya 03

309 is a one-bedroom apartment of 933 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 16 November 2017 for AED 575,000, or AED 615 per sqft, 19% below the AED 760 one-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 10 May 2016, is AED 58,000 a year: a gross yield of 10.1% on the 2017 price, before the service charge of about AED 6,900 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in Mazaya 03
400K600K2009201420192024Typical 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 345,171 (AED 369 per sqft)Sold, November 2017: AED 575,000 (AED 615 per sqft)

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

Rents
Unit 309, each contractTypical one-bed in Mazaya 03
20K40K60K20152017201920212023Typical 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, May 2015: AED 58,000 a yearRenewal, May 2016: AED 58,000 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 309 sits

All 147 1-beds →

309 last sold in November 2017 at AED 615 per sqft, 19% 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 3rd floor

All 219 units in Mazaya 03
Value
3011-bedAED 20K · Jun 2023
3021-bedAED 408K · Jul 2016
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
1–7 of 18

309, Mazaya 03 in numbers

  • Sold twice: first on 17 June 2015 for AED 345,171, last on 16 November 2017 for AED 575,000 (AED 615 per sqft).
  • Rented since May 2015 on 2 Ejari contracts, at AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2017 price is 10.1%, before a service charge of about AED 6,900 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 16 November 2017.

Questions about 309, Mazaya 03

What did unit 309 last sell for?

AED 575,000 on 16 November 2017: AED 615 per sqft for 933 sqft. The unit has 2 registered sales; the first was AED 345,171 in June 2015.

What is the rent for unit 309?

AED 58,000 a year on the contract renewed on 10 May 2016. The previous contract, from May 2015, was AED 58,000.

How big is unit 309?

933 sqft (86.7 sqm): a one-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2014.

What is unit 309 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 309, Mazaya 03

Starts from the last sale price (AED 575K, 16 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

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