2-bed · 1,029 sqftMazaya 04, Liwan · 12th floor · completed 2014

1208, Mazaya 04

Sold prices and rental history: sold 3 times, last in January 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 31 July 2021
Last soldAED 450K10 January 2021
Current rentAED 38K /yr31 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Mazaya 04

What is 1208 worth today?

Last sold for AED 450,000 in 2021

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31 Jul 2021RentedNew contract
AED 38,000/yr12 months · AED 37 per sqft
10 Jan 2021SoldReady
AED 450,000AED 437 per sqft
6 Nov 2020RentedNew contract
AED 38,000/yr12 months · AED 37 per sqft
5 Oct 2019RentedNew contract
AED 44,000/yr12 months · AED 43 per sqft
1 Sep 2018RentedNew contract
AED 52,000/yr12 months · AED 50 per sqft
20 May 2016RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
20 May 2015RentedNew contract
AED 70,000/yr12 months · AED 68 per sqft
29 Dec 2014SoldReady
AED 366,455AED 356 per sqft

Source: Dubai Land Department. Updated 31 July 2021.

Key facts

Type
2-bed apartment
Size
1,029 sqft
Floor
12th of 13
Parking
B-29
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 5,600 /yr
Last sold
AED 450K · January 2021
Building
Mazaya 04

About 1208, Mazaya 04

1208 is a two-bedroom apartment of 1,029 sqft on the 12th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 10 January 2021 for AED 450,000, or AED 437 per sqft, 11% below the AED 489 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 31 July 2021, is AED 38,000 a year: a gross yield of 8.4% on the 2021 price, before the service charge of about AED 5,600 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical two-bed in Mazaya 04
400K600K800K2009201420192024Typical sale price by year: 2009 AED 794,680; 2014 AED 576,631; 2015 AED 529,590; 2016 AED 750,000; 2017 AED 700,000; 2018 AED 725,000; 2020 AED 540,000; 2021 AED 455,000; 2026 AED 585,000Sold by developer, April 2009: AED 732,910 (AED 712 per sqft)Sold, December 2014: AED 366,455 (AED 356 per sqft)Sold, January 2021: AED 450,000 (AED 437 per sqft)

1208 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1208, each contractTypical two-bed in Mazaya 04
40K60K80K2014201720202023Typical rent by year: 2014 AED 80,000; 2015 AED 72,000; 2016 AED 71,000; 2017 AED 65,000; 2018 AED 60,000; 2019 AED 48,000; 2020 AED 42,500; 2021 AED 38,000; 2022 AED 40,000New contract, May 2015: AED 70,000 a yearRenewal, May 2016: AED 70,000 a yearNew contract, September 2018: AED 52,000 a yearNew contract, October 2019: AED 44,000 a yearNew contract, November 2020: AED 38,000 a yearNew contract, July 2021: AED 38,000 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 04, and where 1208 sits

All 60 2-beds →

1208 last sold in January 2021 at AED 437 per sqft, 11% below what two-beds in Mazaya 04 were fetching at the time (AED 489). Over the last 12 months two-beds sold for AED 540,645 to 705,052, around AED 506 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 2026620,000
21 Sep 2026540,645
17 Feb 2026705,052
19 Jan 2026550,000
4 2-bed sales 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 12th floor

All 216 units in Mazaya 04
Value
12012-bedAED 635K · Dec 2017
12022-bedAED 400K · Mar 2015
12032-bedAED 820K · Mar 2015
12041-bedAED 391K · Feb 2015
12051-bedAED 391K · Dec 2014
12062-bedAED 557K · Jan 2015
12072-bedAED 725K · Feb 2018
1–7 of 12

1208, Mazaya 04 in numbers

  • Sold 3 times: first on 12 April 2009 for AED 732,910, last on 10 January 2021 for AED 450,000 (AED 437 per sqft).
  • Rented since May 2015 on 6 Ejari contracts, from AED 70,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2021 price is 8.4%, before a service charge of about AED 5,600 a year (AED 5.49 per sqft).
  • Two-beds in Mazaya 04 sold for AED 540,645–705,052 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 31 July 2021.

Questions about 1208, Mazaya 04

What did unit 1208 last sell for?

AED 450,000 on 10 January 2021: AED 437 per sqft for 1,029 sqft. The unit has 3 registered sales; the first was AED 732,910 in April 2009.

What is the rent for unit 1208?

AED 38,000 a year on the contract signed on 31 July 2021. The previous contract, from November 2020, was AED 38,000; the unit has been rented since May 2015.

How big is unit 1208?

1,029 sqft (95.6 sqm): a two-bedroom apartment on the 12th floor of a 13-storey tower completed in 2014.

What is unit 1208 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 04 sold for AED 540,645 to 705,052 in the last 12 months, around AED 506 per sqft.

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Mortgage on 1208, Mazaya 04

Starts from the last sale price (AED 450K, 10 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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