3-bed · 1,683 sqftMazaya 04, Liwan · 1st floor · completed 2014

111, Mazaya 04

Sold prices and rental history: sold twice, last in June 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 1 January 2024
Last soldAED 1.02M3 June 2014
Current rentAED 80K /yr1 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 111, Mazaya 04

What is 111 worth today?

Last sold for AED 1,015,663 in 2014

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1 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 48 per sqft
15 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 30 per sqft
10 Sep 2020RentedRenewal
AED 60,000/yr12 months · AED 36 per sqft
10 Sep 2019RentedRenewal
AED 67,000/yr12 months · AED 40 per sqft
10 Sep 2018RentedNew contract
AED 71,000/yr12 months · AED 42 per sqft
1 Aug 2018RentedRenewal
AED 95,000/yr12 months · AED 56 per sqft
1 Aug 2017RentedRenewal
AED 95,000/yr12 months · AED 56 per sqft
1 Aug 2017RentedNew contract
AED 95,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 1 January 2024.

Key facts

Type
3-bed apartment
Size
1,683 sqft
Floor
1st of 13
Parking
G-109
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,200 /yr
Last sold
AED 1.02M · June 2014
Building
Mazaya 04

About 111, Mazaya 04

111 is a three-bedroom apartment of 1,683 sqft on the 1st floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 3 June 2014 for AED 1,015,663, or AED 603 per sqft.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, signed on 1 January 2024, is AED 80,000 a year: a gross yield of 7.9% on the 2014 price, before the service charge of about AED 9,200 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical three-bed in Mazaya 04
500K1M2009201120132015Typical sale price by year: 2009 AED 1,218,797; 2015 AED 609,399Sold by developer, April 2011: AED 529,911 (AED 314 per sqft)Sold, June 2014: AED 1,015,663 (AED 603 per sqft)

111 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 111, each contractTypical three-bed in Mazaya 04
50K100K2015201820212024Typical rent by year: 2015 AED 105,000; 2016 AED 100,000; 2017 AED 95,000; 2018 AED 79,000; 2019 AED 69,000; 2020 AED 60,000; 2021 AED 52,000New contract, August 2015: AED 110,000 a yearNew contract, August 2016: AED 110,000 a yearRenewal, August 2017: AED 95,000 a yearNew contract, August 2017: AED 95,000 a yearRenewal, August 2018: AED 95,000 a yearNew contract, September 2018: AED 71,000 a yearRenewal, September 2019: AED 67,000 a yearRenewal, September 2020: AED 60,000 a yearNew contract, October 2021: AED 50,000 a yearNew contract, January 2024: AED 80,000 a year

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

3-beds in Mazaya 04, and where 111 sits

All 16 3-beds →

Over the last 12 months three-beds sold for AED 870,000, around AED 514 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Jul 2026870,000
13 May 2022790,000
9 Feb 2022680,000
3 Jan 2021720,000
1 3-bed sale in the last 12 months

Mazaya 04

Building

216 apartments, 1-bed to 3-bed over 13 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 23 sold in the last 12 months.

Typical price per sqft
AED 557 Up 1.5%
Typical sale
AED 340K
Typical rent
AED 53K /yr
Typical yield
14.7%
Mazaya 04, Liwan: prices, sales and rents →

Other units on the 1st floor

All 216 units in Mazaya 04
Value
1012-bedAED 354K · Feb 2015
1022-bedAED 395K · Oct 2015
1032-bedAED 415K · Apr 2015
1041-bedAED 399K · Jun 2015
1051-bedAED 702K · Dec 2014
1062-bedAED 530K · Feb 2021
1072-bedAED 1.1M · Dec 2014
1–7 of 12

111, Mazaya 04 in numbers

  • Sold twice: first on 25 April 2011 for AED 529,911, last on 3 June 2014 for AED 1,015,663 (AED 603 per sqft).
  • Rented since August 2015 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 50,000 in 2021 and recovered to AED 80,000 by January 2024.
  • At AED 80,000 a year the gross yield on the 2014 price is 7.9%, before a service charge of about AED 9,200 a year (AED 5.49 per sqft).
  • Three-beds in Mazaya 04 sold for AED 870,000–870,000 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 1 January 2024.

Questions about 111, Mazaya 04

What did unit 111 last sell for?

AED 1,015,663 on 3 June 2014: AED 603 per sqft for 1,683 sqft. The unit has 2 registered sales; the first was AED 529,911 in April 2011.

What is the rent for unit 111?

AED 80,000 a year on the contract signed on 1 January 2024. The previous contract, from October 2021, was AED 50,000; the unit has been rented since August 2015.

How big is unit 111?

1,683 sqft (156.4 sqm): a three-bedroom apartment on the 1st floor of a 13-storey tower completed in 2014.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mazaya 04 sold for AED 870,000 to 870,000 in the last 12 months, around AED 514 per sqft.

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Mortgage on 111, Mazaya 04

Starts from the last sale price (AED 1.02M, 3 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,663
Deposit, UAE resident (20%)
AED 203,133
Deposit, non-resident (40%)
AED 406,265
Monthly over 25 years at 3.7%
AED 4,155

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