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1-bed · 521 sqftMazaya 03, Liwan · 4th floor · completed 2014

401, Mazaya 03

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

Unit 401 · DLD and Ejari recordsUpdated 22 September 2018
Last soldAED 455K12 December 2016
Current rentAED 36K /yr22 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Mazaya 03

What is 401 worth today?

Last sold for AED 455,000 in 2016

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22 Sep 2018RentedNew contract
AED 36,000/yr12 months · AED 69 per sqft
1 Jul 2017RentedRenewal
AED 45,000/yr12 months · AED 86 per sqft
12 Dec 2016SoldReady
AED 455,000AED 872 per sqft
1 Jul 2016RentedNew contract
AED 43,000/yr12 months · AED 82 per sqft
1 Jul 2016RentedNew contract
AED 43,000/yr12 months · AED 83 per sqft
4 May 2009Sold by developerOff-plan
AED 380,370AED 729 per sqft

Source: Dubai Land Department. Updated 22 September 2018.

Key facts

Type
1-bed apartment
Size
521 sqft
Floor
4th of 14
Parking
G-45
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 3,800 /yr
Last sold
AED 455K · December 2016
Building
Mazaya 03

About 401, Mazaya 03

401 is a one-bedroom apartment of 521 sqft on the 4th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 12 December 2016 for AED 455,000, or AED 872 per sqft, 21% above the AED 722 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 22 September 2018, is AED 36,000 a year: a gross yield of 7.9% on the 2016 price, before the service charge of about AED 3,800 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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 380,370 (AED 729 per sqft)Sold, December 2016: AED 455,000 (AED 872 per sqft)

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

Rents
Unit 401, 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, July 2016: AED 43,000 a yearNew contract, July 2016: AED 43,000 a yearRenewal, July 2017: AED 45,000 a yearNew contract, September 2018: AED 36,000 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 401 sits

All 147 1-beds →

401 last sold in December 2016 at AED 872 per sqft, 21% above what one-beds in Mazaya 03 were fetching at the time (AED 722). 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 4th floor

All 219 units in Mazaya 03
Value
4021-bedAED 359K · Nov 2013
4031-bedAED 457K · May 2009
4041-bedAED 446K · May 2009
4052-bedAED 510K · Feb 2021
4062-bedAED 580K · Oct 2019
4071-bedNo registered sale
4081-bedNo registered sale
1–7 of 18

401, Mazaya 03 in numbers

  • Sold twice: first on 4 May 2009 for AED 380,370, last on 12 December 2016 for AED 455,000 (AED 872 per sqft).
  • Rented since July 2016 on 4 Ejari contracts, from AED 43,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2016 price is 7.9%, before a service charge of about AED 3,800 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 22 September 2018.

Questions about 401, Mazaya 03

What did unit 401 last sell for?

AED 455,000 on 12 December 2016: AED 872 per sqft for 521 sqft. The unit has 2 registered sales; the first was AED 380,370 in May 2009.

What is the rent for unit 401?

AED 36,000 a year on the contract signed on 22 September 2018. The previous contract, from July 2017, was AED 45,000; the unit has been rented since July 2016.

How big is unit 401?

521 sqft (48.4 sqm): a one-bedroom apartment on the 4th floor of a 14-storey tower completed in 2014.

What is unit 401 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 401, Mazaya 03

Starts from the last sale price (AED 455K, 12 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 455,000
Deposit, UAE resident (20%)
AED 91,000
Deposit, non-resident (40%)
AED 182,000
Monthly over 25 years at 3.7%
AED 1,862

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