703, Mazaya 16
Sold prices and rental history: sold once, by the developer in September 2016, 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 703, Mazaya 16
What is 703 worth today?
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Source: Dubai Land Department. Updated 5 August 2023.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 7th of 9
- Parking
- G-12
- Developer
- Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
- Completed
- 2016
- Service charge
- AED 5,400 /yr
- Last sold
- AED 314K · September 2016
- Building
- Mazaya 16
About 703, Mazaya 16
703 is a studio of 398 sqft on the 7th 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 8 September 2016 for AED 313,741, or AED 788 per sqft, in line with the AED 783 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 5 August 2023, is AED 29,667 a year: a gross yield of 9.5% on the 2016 price, before the service charge of about AED 5,400 a year.
Sales and rents for 703 over time
703 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Mazaya 16, and where 703 sits
All 18 studios →703 last sold in September 2016 at AED 788 per sqft, in line with what studios in Mazaya 16 were fetching at the time (AED 783). 703's AED 29,667 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 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 7th floor
All 108 units in Mazaya 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 1,040 sqft | AED 520KAED 520,170 · Jan 2017January 2017 | 34,650 /yr | |
| 702 | 1-bed | 1,070 sqft | AED 535KAED 534,755 · Jan 2017January 2017 | 50,000 /yr | |
| 704 | 1-bed | 1,053 sqft | AED 526KAED 526,465 · Jan 2017January 2017 | 44,000 /yr | |
| 705 | 1-bed | 823 sqft | AED 411KAED 411,400 · Jan 2017January 2017 | 59,000 /yr | |
| 706 | 1-bed | 829 sqft | AED 415KAED 414,735 · Jan 2017January 2017 | 44,000 /yr | |
| 707 | Studio | 628 sqft | AED 314KAED 313,880 · Jan 2017January 2017 | 28,000 /yr | |
| 708 | 1-bed | 908 sqft | AED 454KAED 454,185 · Jan 2017January 2017 | 45,000 /yr | |
| 709 | 1-bed | 825 sqft | AED 413KAED 412,745 · Jan 2017January 2017 | 40,500 /yr | |
| 710 | 2-bed | 1,288 sqft | AED 645KAED 645,300 · Jan 2017January 2017 | 60,000 /yr | |
| 711 | 2-bed | 1,191 sqft | AED 919KAED 918,672 · Sep 2016September 2016 | 63,000 /yr | |
| 712 | 1-bed | 817 sqft | AED 409KAED 408,550 · Jan 2017January 2017 | 42,000 /yr |
703, Mazaya 16 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 8 September 2016 for AED 313,741, or AED 788 per sqft.
- Rented since May 2017 on 5 Ejari contracts. The rent fell from AED 36,500 to AED 20,000 in 2021 and recovered to AED 29,667 by August 2023.
- At AED 29,667 a year the gross yield on the 2016 price is 9.5%, before a service charge of about AED 5,400 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 5 August 2023.
Questions about 703, Mazaya 16
What did unit 703 last sell for?
AED 313,741 on 8 September 2016, sold by the developer: AED 788 per sqft for 398 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 29,667 a year on the contract renewed on 5 August 2023. The previous contract, from August 2022, was AED 24,000; the unit has been rented since May 2017.
How big is unit 703?
398 sqft (37.0 sqm): a studio on the 7th floor of a 9-storey tower completed in 2016.
What is unit 703 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 703, Mazaya 16
Starts from the last sale price (AED 314K, 8 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 313,741
- Deposit, UAE resident (20%)
- AED 62,748
- Deposit, non-resident (40%)
- AED 125,496
- Monthly over 25 years at 3.7%
- AED 1,284
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →