1-bed · 825 sqftMazaya 16, Liwan · 2nd floor · completed 2016

209, Mazaya 16

Sold prices and rental history: sold once, by the developer in January 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 20 August 2022
Last soldAED 413K16 January 2017
Current rentAED 36K /yr20 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 209, Mazaya 16

What is 209 worth today?

Last sold for AED 412,745 in 2017

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20 Aug 2022RentedNew contract
AED 35,700/yr12 months · AED 43 per sqft
20 Aug 2020RentedRenewal
AED 37,000/yr12 months · AED 45 per sqft
20 Aug 2019RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
6 Apr 2018RentedNew contract
AED 48,000/yr12 months · AED 58 per sqft
16 Jan 2017Sold by developerOff-plan
AED 412,745AED 500 per sqft

Source: Dubai Land Department. Updated 20 August 2022.

Key facts

Type
1-bed apartment
Size
825 sqft
Floor
2nd of 9
Parking
G-95
Developer
Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2016
Service charge
AED 11,200 /yr
Last sold
AED 413K · January 2017
Building
Mazaya 16

About 209, Mazaya 16

209 is a one-bedroom apartment of 825 sqft on the 2nd 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 16 January 2017 for AED 412,745, 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 2018 on 4 Ejari contracts. The current contract, signed on 20 August 2022, is AED 35,700 a year: a gross yield of 8.6% on the 2017 price, before the service charge of about AED 11,200 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical one-bed in Mazaya 16
400K500K600K201620172018Typical sale price by year: 2016 AED 625,328; 2017 AED 454,185Sold by developer, January 2017: AED 412,745 (AED 500 per sqft)

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

Rents
Unit 209, each contractTypical one-bed in Mazaya 16
30K40K50K2017202020232026Typical 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 2018: AED 48,000 a yearNew contract, August 2019: AED 40,000 a yearRenewal, August 2020: AED 37,000 a yearNew contract, August 2022: AED 35,700 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 209 sits

All 72 1-beds →

209 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). 209's AED 35,700 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 2017414,735
16 Jan 2017412,745
16 Jan 2017534,755
16 Jan 2017520,170
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 2nd floor

All 108 units in Mazaya 16
Value
2011-bedAED 520K · Jan 2017
2021-bedAED 535K · Jan 2017
203StudioAED 306K · Sep 2016
2041-bedAED 526K · Jan 2017
2051-bedAED 625K · Sep 2016
2061-bedAED 415K · Jan 2017
207StudioAED 314K · Jan 2017
1–7 of 11

209, Mazaya 16 in numbers

  • Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 16 January 2017 for AED 412,745, or AED 500 per sqft.
  • Rented since April 2018 on 4 Ejari contracts, from AED 48,000 to AED 35,700 a year.
  • At AED 35,700 a year the gross yield on the 2017 price is 8.6%, before a service charge of about AED 11,200 a year (AED 13.60 per sqft).

Source: Dubai Land Department. Updated 20 August 2022.

Questions about 209, Mazaya 16

What did unit 209 last sell for?

AED 412,745 on 16 January 2017, sold by the developer: AED 500 per sqft for 825 sqft. It is the only registered sale of the unit.

What is the rent for unit 209?

AED 35,700 a year on the contract signed on 20 August 2022. The previous contract, from August 2020, was AED 37,000; the unit has been rented since April 2018.

How big is unit 209?

825 sqft (76.6 sqm): a one-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2016.

What is unit 209 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 209, Mazaya 16

Starts from the last sale price (AED 413K, 16 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 412,745
Deposit, UAE resident (20%)
AED 82,549
Deposit, non-resident (40%)
AED 165,098
Monthly over 25 years at 3.7%
AED 1,689

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