309, 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.
Property timeline for 309, Mazaya 16
What is 309 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 10 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 825 sqft
- Floor
- 3rd of 9
- Parking
- G-88
- 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 309, Mazaya 16
309 is a one-bedroom apartment of 825 sqft on the 3rd 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 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 2017 on 6 Ejari contracts. The current contract, signed on 10 January 2024, is AED 25,000 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 11,200 a year.
Sales and rents for 309 over time
309 has sold once; the dashed line is the one-bed median of each year in the building.
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 309 sits
All 72 1-beds →309 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). 309's AED 25,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 829 sqft | 414,735 | 500 | ||
| 16 Jan 201716 January 2017 | 825 sqft | 412,745 | 500 | ||
| 16 Jan 201716 January 2017 | 825 sqft | 412,745 | 500 | ||
| 16 Jan 201716 January 2017 | 1,070 sqft | 534,755 | 500 |
Mazaya 16
Building108 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
Other units on the 3rd floor
All 108 units in Mazaya 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 1,040 sqft | AED 520KAED 520,170 · Jan 2017January 2017 | 60,000 /yr | |
| 302 | 1-bed | 1,070 sqft | AED 535KAED 534,755 · Jan 2017January 2017 | 47,000 /yr | |
| 303 | Studio | 398 sqft | AED 310KAED 309,744 · Sep 2016September 2016 | 25,000 /yr | |
| 304 | 1-bed | 1,053 sqft | AED 526KAED 526,465 · Jan 2017January 2017 | 60,000 /yr | |
| 305 | 1-bed | 823 sqft | AED 634KAED 633,556 · Sep 2016September 2016 | 44,000 /yr | |
| 306 | 1-bed | 829 sqft | AED 415KAED 414,735 · Jan 2017January 2017 | 38,000 /yr | |
| 307 | Studio | 628 sqft | AED 314KAED 313,880 · Jan 2017January 2017 | 37,000 /yr | |
| 308 | 1-bed | 908 sqft | AED 454KAED 454,185 · Jan 2017January 2017 | 44,000 /yr | |
| 310 | 2-bed | 1,289 sqft | AED 646KAED 645,515 · Jan 2017January 2017 | 72,000 /yr | |
| 311 | 2-bed | 1,191 sqft | AED 597KAED 596,810 · Jan 2017January 2017 | 60,000 /yr | |
| 312 | 1-bed | 817 sqft | AED 621KAED 620,996 · Sep 2016September 2016 | 45,000 /yr |
309, 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 412,745, or AED 500 per sqft.
- Rented since February 2017 on 6 Ejari contracts, from AED 52,000 to AED 25,000 a year.
- At AED 25,000 a year the gross yield on the 2017 price is 6.1%, before a service charge of about AED 11,200 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 10 January 2024.
Questions about 309, Mazaya 16
What did unit 309 last sell for?
AED 412,745 on 12 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 309?
AED 25,000 a year on the contract signed on 10 January 2024. The previous contract, from April 2022, was AED 34,000; the unit has been rented since February 2017.
How big is unit 309?
825 sqft (76.6 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2016.
What is unit 309 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 309? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 309, Mazaya 16
Starts from the last sale price (AED 413K, 12 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 →