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3-bed · 1,731 sqftMazaya 04, Liwan · 5th floor · completed 2014

515, Mazaya 04

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 13 May 2022
Last soldAED 790K13 May 2022
Current rentAED 50K /yr2 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Mazaya 04

What is 515 worth today?

Last sold for AED 790,000 in 2022

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13 May 2022SoldReady
AED 790,000AED 456 per sqft
2 Feb 2021RentedRenewal
AED 50,000/yr12 months · AED 29 per sqft
2 Feb 2020RentedNew contract
AED 60,000/yr12 months · AED 35 per sqft
1 Jan 2019RentedNew contract
AED 68,000/yr12 months · AED 39 per sqft
15 Aug 2017RentedNew contract
AED 85,000/yr12 months · AED 49 per sqft
15 May 2016RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
2 Mar 2015SoldReady
AED 604,983AED 349 per sqft
9 Jul 2012Sold by developerOff-plan
AED 604,983AED 349 per sqft

Source: Dubai Land Department. Updated 13 May 2022.

Key facts

Type
3-bed apartment
Size
1,731 sqft
Floor
5th of 13
Parking
G-108
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,500 /yr
Last sold
AED 790K · May 2022
Building
Mazaya 04

About 515, Mazaya 04

515 is a three-bedroom apartment of 1,731 sqft on the 5th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 13 May 2022 for AED 790,000, or AED 456 per sqft.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 2 February 2021, is AED 50,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 9,500 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical three-bed in Mazaya 04
500K1M2009201320172021Typical sale price by year: 2009 AED 1,218,797; 2015 AED 609,399Sold by developer, July 2012: AED 604,983 (AED 349 per sqft)Sold, March 2015: AED 604,983 (AED 349 per sqft)Sold, May 2022: AED 790,000 (AED 456 per sqft)

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

Rents
Unit 515, 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, May 2016: AED 100,000 a yearNew contract, August 2017: AED 85,000 a yearNew contract, January 2019: AED 68,000 a yearNew contract, February 2020: AED 60,000 a yearRenewal, February 2021: 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 515 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
9 Feb 2022680,000
3 Jan 2021720,000
16 Dec 2019900,000
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 5th floor

All 216 units in Mazaya 04
Value
5011-bedAED 495K · Jul 2018
5022-bedAED 613K · Dec 2014
5032-bedAED 670K · Mar 2018
5041-bedAED 365K · Feb 2015
5051-bedAED 480K · Feb 2017
5061-bedAED 379K · Nov 2015
5071-bedAED 392K · Dec 2014
1–7 of 17

515, Mazaya 04 in numbers

  • Sold 3 times: first on 9 July 2012 for AED 604,983, last on 13 May 2022 for AED 790,000 (AED 456 per sqft).
  • Rented since May 2016 on 5 Ejari contracts, from AED 100,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 9,500 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 13 May 2022.

Questions about 515, Mazaya 04

What did unit 515 last sell for?

AED 790,000 on 13 May 2022: AED 456 per sqft for 1,731 sqft. The unit has 3 registered sales; the first was AED 604,983 in July 2012.

What is the rent for unit 515?

AED 50,000 a year on the contract renewed on 2 February 2021. The previous contract, from February 2020, was AED 60,000; the unit has been rented since May 2016.

How big is unit 515?

1,731 sqft (160.8 sqm): a three-bedroom apartment on the 5th floor of a 13-storey tower completed in 2014.

What is unit 515 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 515, Mazaya 04

Starts from the last sale price (AED 790K, 13 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

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