2-bed · 1,191 sqftMazaya 16, Liwan · 2nd floor · completed 2016

211, 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 211 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 597K16 January 2017
Current rentAED 62K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211, Mazaya 16

What is 211 worth today?

Last sold for AED 596,810 in 2017

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20 Jul 2024RentedRenewal
AED 62,000/yr12 months · AED 52 per sqft
20 Jul 2024RentedRenewal
AED 62,000/yr12 months · AED 52 per sqft
20 Jul 2023RentedNew contract
AED 59,000/yr12 months · AED 50 per sqft
10 Jul 2022RentedNew contract
AED 51,000/yr12 months · AED 43 per sqft
5 May 2022RentedRenewal
AED 52,500/yr1 months · AED 44 per sqft
5 May 2021RentedRenewal
AED 50,000/yr12 months · AED 42 per sqft
5 May 2020RentedNew contract
AED 54,000/yr12 months · AED 45 per sqft
5 May 2018RentedNew contract
AED 67,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 20 July 2024.

Key facts

Type
2-bed apartment
Size
1,191 sqft
Floor
2nd of 9
Parking
G-43
Developer
Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2016
Service charge
AED 16,200 /yr
Last sold
AED 597K · January 2017
Building
Mazaya 16

About 211, Mazaya 16

211 is a two-bedroom apartment of 1,191 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 596,810, or AED 500 per sqft, in line with the AED 500 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 62,000 a year: a gross yield of 10.4% on the 2017 price, before the service charge of about AED 16,200 a year.

Sales and rents for 211 over time

Sales
Unit 211, each saleTypical two-bed in Mazaya 16
600K800K201620172018Typical sale price by year: 2016 AED 918,672; 2017 AED 645,300Sold by developer, January 2017: AED 596,810 (AED 500 per sqft)

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

Rents
Unit 211, each contractTypical two-bed in Mazaya 16
60K2017202020232026Typical rent by year: 2017 AED 71,000; 2018 AED 69,000; 2019 AED 59,081; 2020 AED 51,000; 2021 AED 48,000; 2022 AED 50,000; 2023 AED 53,500; 2024 AED 57,000; 2025 AED 60,000; 2026 AED 72,000New contract, May 2018: AED 67,000 a yearNew contract, May 2020: AED 54,000 a yearRenewal, May 2021: AED 50,000 a yearRenewal, May 2022: AED 52,500 a yearNew contract, July 2022: AED 51,000 a yearNew contract, July 2023: AED 59,000 a yearRenewal, July 2024: AED 62,000 a yearRenewal, July 2024: AED 62,000 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 16, and where 211 sits

All 18 2-beds →

211 last sold in January 2017 at AED 500 per sqft, in line with what two-beds in Mazaya 16 were fetching at the time (AED 500). 211's AED 62,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jan 2017645,515
16 Jan 2017645,515
16 Jan 2017645,300
16 Jan 2017645,300
0 2-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

211, 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 596,810, or AED 500 per sqft.
  • Rented since May 2018 on 8 Ejari contracts. The rent fell from AED 67,000 to AED 50,000 in 2021 and recovered to AED 62,000 by July 2024.
  • At AED 62,000 a year the gross yield on the 2017 price is 10.4%, before a service charge of about AED 16,200 a year (AED 13.60 per sqft).

Source: Dubai Land Department. Updated 20 July 2024.

Questions about 211, Mazaya 16

What did unit 211 last sell for?

AED 596,810 on 16 January 2017, sold by the developer: AED 500 per sqft for 1,191 sqft. It is the only registered sale of the unit.

What is the rent for unit 211?

AED 62,000 a year on the contract renewed on 20 July 2024. The previous contract, from July 2024, was AED 62,000; the unit has been rented since May 2018.

How big is unit 211?

1,191 sqft (110.6 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2016.

What is unit 211 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 211, Mazaya 16

Starts from the last sale price (AED 597K, 16 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 596,810
Deposit, UAE resident (20%)
AED 119,362
Deposit, non-resident (40%)
AED 238,724
Monthly over 25 years at 3.7%
AED 2,442

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