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1-bed · 632 sqftMazaya 03, Liwan · 3rd floor · completed 2014

316, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 15 June 2021
Last soldAED 434K21 May 2009
Current rentAED 21K /yr15 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, Mazaya 03

What is 316 worth today?

Last sold for AED 433,789 in 2009

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15 Jun 2021RentedNew contract
AED 21,000/yr12 months · AED 33 per sqft
1 Oct 2020RentedNew contract
AED 21,000/yr12 months · AED 33 per sqft
1 Sep 2019RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
21 May 2009Sold by developerOff-plan
AED 433,789AED 686 per sqft

Source: Dubai Land Department. Updated 15 June 2021.

Key facts

Type
1-bed apartment
Size
632 sqft
Floor
3rd of 14
Parking
G-127
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 434K · May 2009
Building
Mazaya 03

About 316, Mazaya 03

316 is a one-bedroom apartment of 632 sqft on the 3rd floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 21 May 2009 for AED 433,789, or AED 686 per sqft, 5% below the AED 720 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 June 2021, is AED 21,000 a year: a gross yield of 4.8% on the 2009 price, before the service charge of about AED 4,700 a year.

Sales and rents for 316 over time

Sales
Unit 316, 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 433,789 (AED 686 per sqft)

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

Rents
Unit 316, 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, September 2019: AED 30,000 a yearNew contract, October 2020: AED 21,000 a yearNew contract, June 2021: AED 21,000 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 316 sits

All 147 1-beds →

316 last sold in May 2009 at AED 686 per sqft, 5% below what one-beds in Mazaya 03 were fetching at the time (AED 720). 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

316, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 21 May 2009 for AED 433,789, or AED 686 per sqft.
  • Rented since September 2019 on 3 Ejari contracts, from AED 30,000 to AED 21,000 a year.
  • At AED 21,000 a year the gross yield on the 2009 price is 4.8%, before a service charge of about AED 4,700 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 15 June 2021.

Questions about 316, Mazaya 03

What did unit 316 last sell for?

AED 433,789 on 21 May 2009, sold by the developer: AED 686 per sqft for 632 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 21,000 a year on the contract signed on 15 June 2021. The previous contract, from October 2020, was AED 21,000; the unit has been rented since September 2019.

How big is unit 316?

632 sqft (58.7 sqm): a one-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2014.

What is unit 316 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 316, Mazaya 03

Starts from the last sale price (AED 434K, 21 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 433,789
Deposit, UAE resident (20%)
AED 86,758
Deposit, non-resident (40%)
AED 173,516
Monthly over 25 years at 3.7%
AED 1,775

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