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1-bed · 834 sqftMazaya 03, Liwan · 6th floor · completed 2014

616, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 1 March 2021
Last soldAED 691K5 May 2009
Current rentAED 24K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Mazaya 03

What is 616 worth today?

Last sold for AED 691,264 in 2009

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1 Mar 2021RentedNew contract
AED 24,000/yr13 months · AED 29 per sqft
1 Nov 2018RentedNew contract
AED 43,000/yr12 months · AED 52 per sqft
1 Aug 2017RentedNew contract
AED 46,000/yr12 months · AED 55 per sqft
5 May 2009Sold by developerOff-plan
AED 691,264AED 828 per sqft

Source: Dubai Land Department. Updated 1 March 2021.

Key facts

Type
1-bed apartment
Size
834 sqft
Floor
6th of 14
Parking
G-138
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,100 /yr
Last sold
AED 691K · May 2009
Building
Mazaya 03

About 616, Mazaya 03

616 is a one-bedroom apartment of 834 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 5 May 2009 for AED 691,264, or AED 828 per sqft, 17% above the AED 710 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 1 March 2021, is AED 24,000 a year: a gross yield of 3.5% on the 2009 price, before the service charge of about AED 6,100 a year.

Sales and rents for 616 over time

Sales
Unit 616, 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, May 2009: AED 691,264 (AED 828 per sqft)

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

Rents
Unit 616, 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, August 2017: AED 46,000 a yearNew contract, November 2018: AED 43,000 a yearNew contract, March 2021: AED 24,000 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 616 sits

All 147 1-beds →

616 last sold in May 2009 at AED 828 per sqft, 17% above what one-beds in Mazaya 03 were fetching at the time (AED 710). 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

616, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 5 May 2009 for AED 691,264, or AED 828 per sqft.
  • Rented since August 2017 on 3 Ejari contracts, from AED 46,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2009 price is 3.5%, 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 1 March 2021.

Questions about 616, Mazaya 03

What did unit 616 last sell for?

AED 691,264 on 5 May 2009, sold by the developer: AED 828 per sqft for 834 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 24,000 a year on the contract signed on 1 March 2021. The previous contract, from November 2018, was AED 43,000; the unit has been rented since August 2017.

How big is unit 616?

834 sqft (77.5 sqm): a one-bedroom apartment on the 6th floor of a 14-storey tower completed in 2014.

What is unit 616 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 616, Mazaya 03

Starts from the last sale price (AED 691K, 5 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 691,264
Deposit, UAE resident (20%)
AED 138,253
Deposit, non-resident (40%)
AED 276,506
Monthly over 25 years at 3.7%
AED 2,828

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