2-bed · 1,168 sqftMazaya 03, Liwan · 7th floor · completed 2014

705, Mazaya 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 883K5 May 2009
Current rentAED 50K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Mazaya 03

What is 705 worth today?

Last sold for AED 882,679 in 2009

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1 Aug 2021RentedNew contract
AED 50,000/yr12 months · AED 43 per sqft
1 Aug 2019RentedNew contract
AED 50,000/yr12 months · AED 43 per sqft
1 Apr 2018RentedRenewal
AED 60,000/yr12 months · AED 52 per sqft
1 Apr 2017RentedRenewal
AED 73,000/yr12 months · AED 63 per sqft
1 Apr 2016RentedRenewal
AED 73,000/yr12 months · AED 63 per sqft
1 Apr 2015RentedNew contract
AED 73,000/yr12 months · AED 63 per sqft
5 May 2009Sold by developerOff-plan
AED 882,679AED 755 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
2-bed apartment
Size
1,168 sqft
Floor
7th of 14
Parking
B-9
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,600 /yr
Last sold
AED 883K · May 2009
Building
Mazaya 03

About 705, Mazaya 03

705 is a two-bedroom apartment of 1,168 sqft on the 7th 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 882,679, or AED 755 per sqft, 6% above the AED 711 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 August 2021, is AED 50,000 a year: a gross yield of 5.7% on the 2009 price, before the service charge of about AED 8,600 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Mazaya 03
400K600K800K2009201420192024Typical sale price by year: 2009 AED 884,813; 2013 AED 479,859; 2015 AED 468,271; 2016 AED 775,000; 2017 AED 760,000; 2018 AED 785,000; 2019 AED 580,000; 2021 AED 500,000; 2026 AED 700,000Sold by developer, May 2009: AED 882,679 (AED 755 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Mazaya 03
40K60K80K2015201820212024Typical rent by year: 2015 AED 74,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 41,000; 2024 AED 55,000New contract, April 2015: AED 73,000 a yearRenewal, April 2016: AED 73,000 a yearRenewal, April 2017: AED 73,000 a yearRenewal, April 2018: AED 60,000 a yearNew contract, August 2019: AED 50,000 a yearNew contract, August 2021: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya 03, and where 705 sits

All 58 2-beds →

705 last sold in May 2009 at AED 755 per sqft, 6% above what two-beds in Mazaya 03 were fetching at the time (AED 711). Over the last 12 months two-beds sold for AED 680,000 to 700,000, around AED 561 per sqft, and rent for AED 50,000 to 50,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
12 May 2026700,000
29 Apr 2026700,000
13 Feb 2026680,000
30 Mar 2022452,000
3 2-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 7th floor

All 219 units in Mazaya 03
Value
7011-bedAED 389K · May 2009
7021-bedAED 380K · Dec 2025
7031-bedAED 400K · Apr 2026
7041-bedAED 242K · Jun 2015
7062-bedAED 500K · Dec 2021
7071-bedAED 635K · Dec 2017
7081-bedAED 347K · Jul 2015
1–7 of 17

705, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 5 May 2009 for AED 882,679, or AED 755 per sqft.
  • Rented since April 2015 on 6 Ejari contracts, from AED 73,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2009 price is 5.7%, before a service charge of about AED 8,600 a year (AED 7.37 per sqft).
  • Two-beds in Mazaya 03 sold for AED 680,000–700,000 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 August 2021.

Questions about 705, Mazaya 03

What did unit 705 last sell for?

AED 882,679 on 5 May 2009, sold by the developer: AED 755 per sqft for 1,168 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 50,000 a year on the contract signed on 1 August 2021. The previous contract, from August 2019, was AED 50,000; the unit has been rented since April 2015.

How big is unit 705?

1,168 sqft (108.5 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2014.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 03 sold for AED 680,000 to 700,000 in the last 12 months, around AED 561 per sqft.

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Mortgage on 705, Mazaya 03

Starts from the last sale price (AED 883K, 5 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 882,679
Deposit, UAE resident (20%)
AED 176,536
Deposit, non-resident (40%)
AED 353,072
Monthly over 25 years at 3.7%
AED 3,611

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