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1-bed · 632 sqftMazaya 03, Liwan · 5th floor · completed 2014

516, Mazaya 03

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 2 July 2020
Last soldAED 341K25 March 2018
Current rentAED 28K /yr2 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Mazaya 03

What is 516 worth today?

Last sold for AED 341,196 in 2018

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2 Jul 2020RentedNew contract
AED 28,000/yr13 months · AED 44 per sqft
20 Apr 2019RentedNew contract
AED 33,000/yr12 months · AED 52 per sqft
20 Apr 2018RentedNew contract
AED 36,000/yr12 months · AED 57 per sqft
25 Mar 2018Sold by developerReady
AED 341,196AED 540 per sqft

Source: Dubai Land Department. Updated 2 July 2020.

Key facts

Type
1-bed apartment
Size
632 sqft
Floor
5th of 14
Parking
G-129 0
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 341K · March 2018
Building
Mazaya 03

About 516, Mazaya 03

516 is a one-bedroom apartment of 632 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 25 March 2018 for AED 341,196, or AED 540 per sqft, 13% below 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, signed on 2 July 2020, is AED 28,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 4,700 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, March 2018: AED 341,196 (AED 540 per sqft)

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

Rents
Unit 516, 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 2018: AED 36,000 a yearNew contract, April 2019: AED 33,000 a yearNew contract, July 2020: AED 28,000 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 516 sits

All 147 1-beds →

516 last sold in March 2018 at AED 540 per sqft, 13% below 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 5th floor

All 219 units in Mazaya 03
Value
5011-bedAED 228K · Sep 2016
5021-bedAED 365K · Mar 2019
5031-bedAED 249K · Jun 2015
5041-bedAED 449K · May 2009
5052-bedAED 680K · Feb 2026
5062-bedAED 760K · Aug 2017
5071-bedAED 341K · Jul 2015
1–7 of 18

516, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 25 March 2018 for AED 341,196, or AED 540 per sqft.
  • Rented since April 2018 on 3 Ejari contracts, from AED 36,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2018 price is 8.2%, 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 2 July 2020.

Questions about 516, Mazaya 03

What did unit 516 last sell for?

AED 341,196 on 25 March 2018, sold by the developer: AED 540 per sqft for 632 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 28,000 a year on the contract signed on 2 July 2020. The previous contract, from April 2019, was AED 33,000; the unit has been rented since April 2018.

How big is unit 516?

632 sqft (58.7 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 516 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 516, Mazaya 03

Starts from the last sale price (AED 341K, 25 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 341,196
Deposit, UAE resident (20%)
AED 68,239
Deposit, non-resident (40%)
AED 136,478
Monthly over 25 years at 3.7%
AED 1,396

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