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1-bed · 641 sqftMazaya 03, Liwan · 5th floor · completed 2014

503, Mazaya 03

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

Unit 503 · DLD and Ejari recordsUpdated 3 September 2021
Last soldAED 249K17 June 2015
Current rentAED 27K /yr3 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Mazaya 03

What is 503 worth today?

Last sold for AED 248,853 in 2015

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3 Sep 2021RentedRenewal
AED 26,500/yr12 months · AED 41 per sqft
1 Sep 2020RentedNew contract
AED 26,500/yr12 months · AED 41 per sqft
20 Aug 2019RentedNew contract
AED 30,000/yr12 months · AED 46 per sqft
1 Jun 2017RentedNew contract
AED 41,111/yr12 months · AED 64 per sqft
15 Apr 2016RentedNew contract
AED 48,000/yr12 months · AED 74 per sqft
17 Jun 2015Sold by developerReady
AED 248,853AED 388 per sqft

Source: Dubai Land Department. Updated 3 September 2021.

Key facts

Type
1-bed apartment
Size
641 sqft
Floor
5th of 14
Parking
G-137
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 249K · June 2015
Building
Mazaya 03

About 503, Mazaya 03

503 is a one-bedroom apartment of 641 sqft on the 5th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 17 June 2015 for AED 248,853, or AED 388 per sqft, 4% above the AED 372 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 3 September 2021, is AED 26,500 a year: a gross yield of 10.7% on the 2015 price, before the service charge of about AED 4,700 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical one-bed in Mazaya 03
400K2009201420192024Typical 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 248,853 (AED 388 per sqft)

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

Rents
Unit 503, 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, April 2016: AED 48,000 a yearNew contract, June 2017: AED 41,111 a yearNew contract, August 2019: AED 30,000 a yearNew contract, September 2020: AED 26,500 a yearRenewal, September 2021: AED 26,500 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 503 sits

All 147 1-beds →

503 last sold in June 2015 at AED 388 per sqft, 4% above what one-beds in Mazaya 03 were fetching at the time (AED 372). 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 5th floor

All 219 units in Mazaya 03
Value
5011-bedAED 228K · Sep 2016
5021-bedAED 365K · Mar 2019
5041-bedAED 449K · May 2009
5052-bedAED 680K · Feb 2026
5062-bedAED 760K · Aug 2017
5071-bedAED 341K · Jul 2015
5081-bedAED 342K · Jul 2015
1–7 of 18

503, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 17 June 2015 for AED 248,853, or AED 388 per sqft.
  • Rented since April 2016 on 5 Ejari contracts, from AED 48,000 to AED 26,500 a year.
  • At AED 26,500 a year the gross yield on the 2015 price is 10.7%, 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 3 September 2021.

Questions about 503, Mazaya 03

What did unit 503 last sell for?

AED 248,853 on 17 June 2015, sold by the developer: AED 388 per sqft for 641 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 26,500 a year on the contract renewed on 3 September 2021. The previous contract, from September 2020, was AED 26,500; the unit has been rented since April 2016.

How big is unit 503?

641 sqft (59.6 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 503 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 503, Mazaya 03

Starts from the last sale price (AED 249K, 17 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 248,853
Deposit, UAE resident (20%)
AED 49,771
Deposit, non-resident (40%)
AED 99,541
Monthly over 25 years at 3.7%
AED 1,018

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