1-bed · 1,053 sqftMazaya 16, Liwan · 1st floor · completed 2016

104, Mazaya 16

Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 526K12 January 2017
Current rentAED 42K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, Mazaya 16

What is 104 worth today?

Last sold for AED 526,465 in 2017

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10 Jun 2024RentedNew contract
AED 42,000/yr12 months · AED 40 per sqft
10 Jun 2022RentedNew contract
AED 37,000/yr12 months · AED 35 per sqft
10 May 2021RentedRenewal
AED 36,000/yr12 months · AED 34 per sqft
10 May 2020RentedNew contract
AED 42,000/yr12 months · AED 40 per sqft
10 May 2018RentedNew contract
AED 54,000/yr12 months · AED 51 per sqft
22 Apr 2017RentedNew contract
AED 58,000/yr12 months · AED 55 per sqft
12 Jan 2017Sold by developerOff-plan
AED 526,465AED 500 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
1-bed apartment
Size
1,053 sqft
Floor
1st of 9
Parking
G-37
Developer
Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2016
Service charge
AED 14,300 /yr
Last sold
AED 526K · January 2017
Building
Mazaya 16

About 104, Mazaya 16

104 is a one-bedroom apartment of 1,053 sqft on the 1st floor of Mazaya 16, a 9-storey tower in Liwan completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . The developer sold it on 12 January 2017 for AED 526,465, or AED 500 per sqft, in line with the AED 500 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 10 June 2024, is AED 42,000 a year: a gross yield of 8.0% on the 2017 price, before the service charge of about AED 14,300 a year.

Sales and rents for 104 over time

Sales
Unit 104, each saleTypical one-bed in Mazaya 16
500K600K201620172018Typical sale price by year: 2016 AED 625,328; 2017 AED 454,185Sold by developer, January 2017: AED 526,465 (AED 500 per sqft)

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

Rents
Unit 104, each contractTypical one-bed in Mazaya 16
40K60K2017202020232026Typical rent by year: 2017 AED 53,500; 2018 AED 52,000; 2019 AED 43,500; 2020 AED 37,000; 2021 AED 32,000; 2022 AED 35,000; 2023 AED 38,000; 2024 AED 42,000; 2025 AED 44,000; 2026 AED 47,000New contract, April 2017: AED 58,000 a yearNew contract, May 2018: AED 54,000 a yearNew contract, May 2020: AED 42,000 a yearRenewal, May 2021: AED 36,000 a yearNew contract, June 2022: AED 37,000 a yearNew contract, June 2024: AED 42,000 a year

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

1-beds in Mazaya 16, and where 104 sits

All 72 1-beds →

104 last sold in January 2017 at AED 500 per sqft, in line with what one-beds in Mazaya 16 were fetching at the time (AED 500). 104's AED 42,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 2017414,735
16 Jan 2017412,745
16 Jan 2017412,745
16 Jan 2017534,755
0 1-bed sales in the last 12 months

Mazaya 16

Building

108 apartments, studios to 2-bed over 9 floors in Liwan, completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 47K /yr
Typical yield
Mazaya 16, Liwan: prices, sales and rents →

Other units on the 1st floor

All 108 units in Mazaya 16
Value
1011-bedAED 780K · Sep 2016
1021-bedAED 535K · Dec 2016
103StudioAED 200K · Jan 2017
1051-bedAED 625K · Sep 2016
1061-bedAED 712K · Sep 2016
107StudioAED 371K · Jan 2017
1081-bedAED 575K · Sep 2016
1–7 of 11

104, Mazaya 16 in numbers

  • Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 12 January 2017 for AED 526,465, or AED 500 per sqft.
  • Rented since April 2017 on 6 Ejari contracts. The rent fell from AED 58,000 to AED 36,000 in 2021 and recovered to AED 42,000 by June 2024.
  • At AED 42,000 a year the gross yield on the 2017 price is 8.0%, before a service charge of about AED 14,300 a year (AED 13.60 per sqft).

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 104, Mazaya 16

What did unit 104 last sell for?

AED 526,465 on 12 January 2017, sold by the developer: AED 500 per sqft for 1,053 sqft. It is the only registered sale of the unit.

What is the rent for unit 104?

AED 42,000 a year on the contract signed on 10 June 2024. The previous contract, from June 2022, was AED 37,000; the unit has been rented since April 2017.

How big is unit 104?

1,053 sqft (97.8 sqm): a one-bedroom apartment on the 1st floor of a 9-storey tower completed in 2016.

What is unit 104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 104, Mazaya 16

Starts from the last sale price (AED 526K, 12 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 526,465
Deposit, UAE resident (20%)
AED 105,293
Deposit, non-resident (40%)
AED 210,586
Monthly over 25 years at 3.7%
AED 2,154

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