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1-bed · 632 sqftMazaya 03, Liwan · 6th floor · completed 2014

615, Mazaya 03

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

Unit 615 · DLD and Ejari recordsUpdated 25 October 2021
Last soldAED 360K31 August 2016
Current rentAED 23K /yr25 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, Mazaya 03

What is 615 worth today?

Last sold for AED 360,380 in 2016

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25 Oct 2021RentedRenewal
AED 23,000/yr12 months · AED 36 per sqft
25 Oct 2020RentedNew contract
AED 23,000/yr12 months · AED 36 per sqft
6 Dec 2019RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
31 Aug 2016Sold by developerReady
AED 360,380AED 570 per sqft
1 Apr 2015RentedNew contract
AED 49,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 25 October 2021.

Key facts

Type
1-bed apartment
Size
632 sqft
Floor
6th of 14
Parking
G-130
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 360K · August 2016
Building
Mazaya 03

About 615, Mazaya 03

615 is a one-bedroom apartment of 632 sqft on the 6th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 31 August 2016 for AED 360,380, or AED 570 per sqft, 18% below the AED 694 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 25 October 2021, is AED 23,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 4,700 a year.

Sales and rents for 615 over time

Sales
Unit 615, 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, August 2016: AED 360,380 (AED 570 per sqft)

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

Rents
Unit 615, each contractTypical one-bed in Mazaya 03
20K40K20152017201920212023Typical 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 2015: AED 49,000 a yearNew contract, December 2019: AED 30,000 a yearNew contract, October 2020: AED 23,000 a yearRenewal, October 2021: AED 23,000 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 615 sits

All 147 1-beds →

615 last sold in August 2016 at AED 570 per sqft, 18% below what one-beds in Mazaya 03 were fetching at the time (AED 694). 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 6th floor

All 219 units in Mazaya 03
Value
6011-bedAED 386K · May 2009
6021-bedAED 211K · Jun 2015
6031-bedAED 464K · May 2009
6041-bedAED 270K · Mar 2021
6052-bedAED 834K · May 2009
6062-bedAED 448K · Jun 2015
6071-bedAED 638K · Jun 2015
1–7 of 17

615, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 31 August 2016 for AED 360,380, or AED 570 per sqft.
  • Rented since April 2015 on 4 Ejari contracts, from AED 49,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2016 price is 6.4%, 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 25 October 2021.

Questions about 615, Mazaya 03

What did unit 615 last sell for?

AED 360,380 on 31 August 2016, sold by the developer: AED 570 per sqft for 632 sqft. It is the only registered sale of the unit.

What is the rent for unit 615?

AED 23,000 a year on the contract renewed on 25 October 2021. The previous contract, from October 2020, was AED 23,000; the unit has been rented since April 2015.

How big is unit 615?

632 sqft (58.7 sqm): a one-bedroom apartment on the 6th floor of a 14-storey tower completed in 2014.

What is unit 615 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 615, Mazaya 03

Starts from the last sale price (AED 360K, 31 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 360,380
Deposit, UAE resident (20%)
AED 72,076
Deposit, non-resident (40%)
AED 144,152
Monthly over 25 years at 3.7%
AED 1,474

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