3-bed · 1,692 sqftMazaya 04, Liwan · 11th floor · completed 2014

1115, Mazaya 04

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

Unit 1115 · DLD and Ejari recordsUpdated 1 January 2022
Last soldAED 643K20 September 2015
Current rentAED 50K /yr1 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1115, Mazaya 04

What is 1115 worth today?

Last sold for AED 642,500 in 2015

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1 Jan 2022RentedRenewal
AED 50,000/yr12 months · AED 30 per sqft
1 Jan 2021RentedNew contract
AED 50,000/yr12 months · AED 30 per sqft
20 Sep 2015SoldReady
AED 642,500AED 379 per sqft
7 Jul 2015Sold by developerReady
AED 609,399AED 360 per sqft
1 Apr 2015RentedNew contract
AED 100,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 1 January 2022.

Key facts

Type
3-bed apartment
Size
1,692 sqft
Floor
11th of 13
Parking
B-19
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,300 /yr
Last sold
AED 643K · September 2015
Building
Mazaya 04

About 1115, Mazaya 04

1115 is a three-bedroom apartment of 1,692 sqft on the 11th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 20 September 2015 for AED 642,500, or AED 379 per sqft, 6% above the AED 357 three-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 1 January 2022, is AED 50,000 a year: a gross yield of 7.8% on the 2015 price, before the service charge of about AED 9,300 a year.

Sales and rents for 1115 over time

Sales
Unit 1115, each saleTypical three-bed in Mazaya 04
500K1M2009201120132015Typical sale price by year: 2009 AED 1,218,797; 2015 AED 609,399Sold by developer, July 2015: AED 609,399 (AED 360 per sqft)Sold, September 2015: AED 642,500 (AED 379 per sqft)

1115 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1115, each contractTypical three-bed in Mazaya 04
50K75K100K2015201720192021Typical 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, April 2015: AED 100,000 a yearNew contract, January 2021: AED 50,000 a yearRenewal, January 2022: AED 50,000 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 1115 sits

All 16 3-beds →

1115 last sold in September 2015 at AED 379 per sqft, 6% above what three-beds in Mazaya 04 were fetching at the time (AED 357). 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 11th floor

All 216 units in Mazaya 04
Value
11011-bedAED 619K · Mar 2015
11022-bedAED 380K · Jan 2015
11032-bedAED 417K · Dec 2014
11041-bedAED 391K · Dec 2014
11051-bedAED 391K · Dec 2014
11061-bedAED 610K · Mar 2016
11071-bedAED 318K · Jan 2026
1–7 of 16

1115, Mazaya 04 in numbers

  • Sold twice: first on 7 July 2015 for AED 609,399, last on 20 September 2015 for AED 642,500 (AED 379 per sqft).
  • Rented since April 2015 on 3 Ejari contracts, from AED 100,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2015 price is 7.8%, before a service charge of about AED 9,300 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 2022.

Questions about 1115, Mazaya 04

What did unit 1115 last sell for?

AED 642,500 on 20 September 2015: AED 379 per sqft for 1,692 sqft. The unit has 2 registered sales; the first was AED 609,399 in July 2015.

What is the rent for unit 1115?

AED 50,000 a year on the contract renewed on 1 January 2022. The previous contract, from January 2021, was AED 50,000; the unit has been rented since April 2015.

How big is unit 1115?

1,692 sqft (157.2 sqm): a three-bedroom apartment on the 11th floor of a 13-storey tower completed in 2014.

What is unit 1115 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 1115, Mazaya 04

Starts from the last sale price (AED 643K, 20 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 642,500
Deposit, UAE resident (20%)
AED 128,500
Deposit, non-resident (40%)
AED 257,000
Monthly over 25 years at 3.7%
AED 2,629

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