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1-bed · 781 sqftMazaya 03, Liwan · 3rd floor · completed 2014

318, Mazaya 03

Sold prices and rental history: sold twice, last in May 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 19 June 2020
Last soldAED 495K14 May 2018
Current rentAED 34K /yr19 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Mazaya 03

What is 318 worth today?

Last sold for AED 495,000 in 2018

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19 Jun 2020RentedRenewal
AED 34,000/yr12 months · AED 43 per sqft
19 Jun 2019RentedNew contract
AED 36,000/yr12 months · AED 46 per sqft
14 May 2018SoldReady
AED 495,000AED 634 per sqft
5 May 2018RentedNew contract
AED 45,000/yr12 months · AED 57 per sqft
14 Jul 2015Sold by developerReady
AED 282,194AED 361 per sqft

Source: Dubai Land Department. Updated 19 June 2020.

Key facts

Type
1-bed apartment
Size
781 sqft
Floor
3rd of 14
Parking
G-83
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 5,800 /yr
Last sold
AED 495K · May 2018
Building
Mazaya 03

About 318, Mazaya 03

318 is a one-bedroom apartment of 781 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 14 May 2018 for AED 495,000, or AED 634 per sqft, in line with the AED 621 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 19 June 2020, is AED 34,000 a year: a gross yield of 6.9% on the 2018 price, before the service charge of about AED 5,800 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, July 2015: AED 282,194 (AED 361 per sqft)Sold, May 2018: AED 495,000 (AED 634 per sqft)

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

Rents
Unit 318, each contractTypical one-bed in Mazaya 03
40K20152017201920212023Typical 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 2018: AED 45,000 a yearNew contract, June 2019: AED 36,000 a yearRenewal, June 2020: AED 34,000 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 318 sits

All 147 1-beds →

318 last sold in May 2018 at AED 634 per sqft, in line with what one-beds in Mazaya 03 were fetching at the time (AED 621). 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

318, Mazaya 03 in numbers

  • Sold twice: first on 14 July 2015 for AED 282,194, last on 14 May 2018 for AED 495,000 (AED 634 per sqft).
  • Rented since May 2018 on 3 Ejari contracts, from AED 45,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2018 price is 6.9%, before a service charge of about AED 5,800 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 19 June 2020.

Questions about 318, Mazaya 03

What did unit 318 last sell for?

AED 495,000 on 14 May 2018: AED 634 per sqft for 781 sqft. The unit has 2 registered sales; the first was AED 282,194 in July 2015.

What is the rent for unit 318?

AED 34,000 a year on the contract renewed on 19 June 2020. The previous contract, from June 2019, was AED 36,000; the unit has been rented since May 2018.

How big is unit 318?

781 sqft (72.6 sqm): a one-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2014.

What is unit 318 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 318, Mazaya 03

Starts from the last sale price (AED 495K, 14 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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