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2-bed · 1,395 sqftMazaya 04, Liwan · 6th floor · completed 2014

616, Mazaya 04

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 1.03M10 May 2009
Current rentAED 40K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Mazaya 04

What is 616 worth today?

Last sold for AED 1,028,581 in 2009

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1 Feb 2022RentedNew contract
AED 40,000/yr12 months · AED 29 per sqft
1 Feb 2021RentedNew contract
AED 40,000/yr12 months · AED 29 per sqft
20 Jul 2020RentedRenewal
AED 48,000/yr12 months · AED 34 per sqft
20 Jul 2018RentedNew contract
AED 63,000/yr12 months · AED 45 per sqft
10 May 2009Sold by developerOff-plan
AED 1,028,581AED 737 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
2-bed apartment
Size
1,395 sqft
Floor
6th of 13
Parking
B-58
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 7,700 /yr
Last sold
AED 1.03M · May 2009
Building
Mazaya 04

About 616, Mazaya 04

616 is a two-bedroom apartment of 1,395 sqft on the 6th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 10 May 2009 for AED 1,028,581, or AED 737 per sqft, in line with the AED 739 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 February 2022, is AED 40,000 a year: a gross yield of 3.9% on the 2009 price, before the service charge of about AED 7,700 a year.

Sales and rents for 616 over time

Sales
Unit 616, each saleTypical two-bed in Mazaya 04
500K1M2009201420192024Typical 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, May 2009: AED 1,028,581 (AED 737 per sqft)

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

Rents
Unit 616, 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, July 2018: AED 63,000 a yearRenewal, July 2020: AED 48,000 a yearNew contract, February 2021: AED 40,000 a yearNew contract, February 2022: AED 40,000 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 616 sits

All 60 2-beds →

616 last sold in May 2009 at AED 737 per sqft, in line with what two-beds in Mazaya 04 were fetching at the time (AED 739). 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 6th floor

All 216 units in Mazaya 04
Value
6011-bedAED 300K · Mar 2023
6022-bedAED 377K · Jun 2015
6032-bedAED 620K · Oct 2026
6041-bedAED 194K · Apr 2019
6051-bedAED 388K · Mar 2009
6061-bedAED 600K · May 2015
6071-bedAED 392K · Feb 2015
1–7 of 16

616, Mazaya 04 in numbers

  • Sold once: by Al Mazaya Real Estate on 10 May 2009 for AED 1,028,581, or AED 737 per sqft.
  • Rented since July 2018 on 4 Ejari contracts, from AED 63,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2009 price is 3.9%, before a service charge of about AED 7,700 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 1 February 2022.

Questions about 616, Mazaya 04

What did unit 616 last sell for?

AED 1,028,581 on 10 May 2009, sold by the developer: AED 737 per sqft for 1,395 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 40,000 a year on the contract signed on 1 February 2022. The previous contract, from February 2021, was AED 40,000; the unit has been rented since July 2018.

How big is unit 616?

1,395 sqft (129.6 sqm): a two-bedroom apartment on the 6th floor of a 13-storey tower completed in 2014.

What is unit 616 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 616, Mazaya 04

Starts from the last sale price (AED 1.03M, 10 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,028,581
Deposit, UAE resident (20%)
AED 205,716
Deposit, non-resident (40%)
AED 411,432
Monthly over 25 years at 3.7%
AED 4,208

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