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1-bed · 834 sqftMazaya 03, Liwan · 5th floor · completed 2014

517, Mazaya 03

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

Unit 517 · DLD and Ejari recordsUpdated 13 June 2019
Last soldAED 584K21 July 2015
Current rentAED 45K /yr13 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 517, Mazaya 03

What is 517 worth today?

Last sold for AED 584,000 in 2015

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13 Jun 2019RentedRenewal
AED 45,000/yr24 months · AED 54 per sqft
13 Jun 2018RentedNew contract
AED 45,000/yr12 months · AED 54 per sqft
13 Jun 2016RentedNew contract
AED 45,000/yr12 months · AED 54 per sqft
21 Jul 2015Sold by developerReady
AED 584,000AED 700 per sqft

Source: Dubai Land Department. Updated 13 June 2019.

Key facts

Type
1-bed apartment
Size
834 sqft
Floor
5th of 14
Parking
G-94
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,100 /yr
Last sold
AED 584K · July 2015
Building
Mazaya 03

About 517, Mazaya 03

517 is a one-bedroom apartment of 834 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 21 July 2015 for AED 584,000, or AED 700 per sqft, 87% above the AED 374 one-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 13 June 2019, is AED 45,000 a year: a gross yield of 7.7% on the 2015 price, before the service charge of about AED 6,100 a year.

Sales and rents for 517 over time

Sales
Unit 517, each saleTypical one-bed in Mazaya 03
400K600K2009201420192024Typical 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 584,000 (AED 700 per sqft)

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

Rents
Unit 517, 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, June 2016: AED 45,000 a yearNew contract, June 2018: AED 45,000 a yearRenewal, June 2019: AED 45,000 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 517 sits

All 147 1-beds →

517 last sold in July 2015 at AED 700 per sqft, 87% above what one-beds in Mazaya 03 were fetching at the time (AED 374). 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

517, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 21 July 2015 for AED 584,000, or AED 700 per sqft.
  • Rented since June 2016 on 3 Ejari contracts, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2015 price is 7.7%, before a service charge of about AED 6,100 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 13 June 2019.

Questions about 517, Mazaya 03

What did unit 517 last sell for?

AED 584,000 on 21 July 2015, sold by the developer: AED 700 per sqft for 834 sqft. It is the only registered sale of the unit.

What is the rent for unit 517?

AED 45,000 a year on the contract renewed on 13 June 2019. The previous contract, from June 2018, was AED 45,000; the unit has been rented since June 2016.

How big is unit 517?

834 sqft (77.5 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 517 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 517, Mazaya 03

Starts from the last sale price (AED 584K, 21 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 584,000
Deposit, UAE resident (20%)
AED 116,800
Deposit, non-resident (40%)
AED 233,600
Monthly over 25 years at 3.7%
AED 2,389

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