311, 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 311, Mazaya 16
What is 311 worth today?
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Source: Dubai Land Department. Updated 16 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,191 sqft
- Floor
- 3rd of 9
- Parking
- G-51
- 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 311, Mazaya 16
311 is a two-bedroom apartment of 1,191 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 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 2017 on 7 Ejari contracts. The current contract, renewed on 16 September 2024, is AED 60,000 a year: a gross yield of 10.1% on the 2017 price, before the service charge of about AED 16,200 a year.
Sales and rents for 311 over time
311 has sold once; the dashed line is the two-bed median of each year in the building.
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 311 sits
All 18 2-beds →311 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). 311's AED 60,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 1,289 sqft | 645,515 | 500 | ||
| 16 Jan 201716 January 2017 | 1,289 sqft | 645,515 | 500 | ||
| 16 Jan 201716 January 2017 | 1,288 sqft | 645,300 | 500 | ||
| 16 Jan 201716 January 2017 | 1,191 sqft | 596,810 | 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 | |
| 309 | 1-bed | 825 sqft | AED 413KAED 412,745 · Jan 2017January 2017 | 25,000 /yr | |
| 310 | 2-bed | 1,289 sqft | AED 646KAED 645,515 · Jan 2017January 2017 | 72,000 /yr | |
| 312 | 1-bed | 817 sqft | AED 621KAED 620,996 · Sep 2016September 2016 | 45,000 /yr |
311, 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 July 2017 on 7 Ejari contracts. The rent fell from AED 70,000 to AED 45,000 in 2021 and recovered to AED 60,000 by September 2024.
- At AED 60,000 a year the gross yield on the 2017 price is 10.1%, before a service charge of about AED 16,200 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 16 September 2024.
Questions about 311, Mazaya 16
What did unit 311 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 311?
AED 60,000 a year on the contract renewed on 16 September 2024. The previous contract, from September 2023, was AED 53,000; the unit has been rented since July 2017.
How big is unit 311?
1,191 sqft (110.6 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2016.
What is unit 311 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 311, 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 →