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1-bed · 834 sqftMazaya 03, Liwan · 8th floor · completed 2014

816, Mazaya 03

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

Unit 816 · DLD and Ejari recordsUpdated 1 July 2021
Last soldAED 584K8 September 2015
Current rentAED 28K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 816, Mazaya 03

What is 816 worth today?

Last sold for AED 584,000 in 2015

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1 Jul 2021RentedRenewal
AED 28,000/yr12 months · AED 34 per sqft
1 Jul 2020RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft
1 Jul 2019RentedNew contract
AED 37,000/yr12 months · AED 45 per sqft
1 Jun 2017RentedNew contract
AED 45,000/yr12 months · AED 54 per sqft
8 Sep 2015Sold by developerReady
AED 584,000AED 700 per sqft
1 Jun 2015RentedNew contract
AED 52,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 July 2021.

Key facts

Type
1-bed apartment
Size
834 sqft
Floor
8th of 14
Parking
G-1
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,100 /yr
Last sold
AED 584K · September 2015
Building
Mazaya 03

About 816, Mazaya 03

816 is a one-bedroom apartment of 834 sqft on the 8th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 8 September 2015 for AED 584,000, or AED 700 per sqft, 87% above the AED 375 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 1 July 2021, is AED 28,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 6,100 a year.

Sales and rents for 816 over time

Sales
Unit 816, 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, September 2015: AED 584,000 (AED 700 per sqft)

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

Rents
Unit 816, 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 2015: AED 52,000 a yearNew contract, June 2017: AED 45,000 a yearNew contract, July 2019: AED 37,000 a yearNew contract, July 2020: AED 32,000 a yearRenewal, July 2021: 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 816 sits

All 147 1-beds →

816 last sold in September 2015 at AED 700 per sqft, 87% above what one-beds in Mazaya 03 were fetching at the time (AED 375). 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 8th floor

All 219 units in Mazaya 03
Value
8011-bedAED 196K · Jul 2016
8021-bedAED 429K · May 2009
8031-bedAED 471K · May 2009
8041-bedAED 460K · May 2009
8052-bedAED 890K · May 2009
8062-bedAED 580K · May 2019
8071-bedAED 460K · Dec 2017
1–7 of 17

816, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 8 September 2015 for AED 584,000, or AED 700 per sqft.
  • Rented since June 2015 on 5 Ejari contracts, from AED 52,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2015 price is 4.8%, 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 July 2021.

Questions about 816, Mazaya 03

What did unit 816 last sell for?

AED 584,000 on 8 September 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 816?

AED 28,000 a year on the contract renewed on 1 July 2021. The previous contract, from July 2020, was AED 32,000; the unit has been rented since June 2015.

How big is unit 816?

834 sqft (77.5 sqm): a one-bedroom apartment on the 8th floor of a 14-storey tower completed in 2014.

What is unit 816 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 816, Mazaya 03

Starts from the last sale price (AED 584K, 8 September 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 →