711, 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 711, Mazaya 16
What is 711 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,191 sqft
- Floor
- 7th of 9
- Parking
- G-46
- 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 919K · September 2016
- Building
- Mazaya 16
About 711, Mazaya 16
711 is a two-bedroom apartment of 1,191 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 918,672, or AED 771 per sqft, in line with the AED 771 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 1 November 2024, is AED 63,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 16,200 a year.
Sales and rents for 711 over time
711 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 711 sits
All 18 2-beds →711 last sold in September 2016 at AED 771 per sqft, in line with what two-beds in Mazaya 16 were fetching at the time (AED 771). 711's AED 63,000 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 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 | |
| 703 | Studio | 398 sqft | AED 314KAED 313,741 · Sep 2016September 2016 | 29,667 /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 | |
| 712 | 1-bed | 817 sqft | AED 409KAED 408,550 · Jan 2017January 2017 | 42,000 /yr |
711, 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 918,672, or AED 771 per sqft.
- Rented since March 2017 on 7 Ejari contracts. The rent fell from AED 70,000 to AED 48,000 in 2020 and recovered to AED 63,000 by November 2024.
- At AED 63,000 a year the gross yield on the 2016 price is 6.9%, before a service charge of about AED 16,200 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 1 November 2024.
Questions about 711, Mazaya 16
What did unit 711 last sell for?
AED 918,672 on 8 September 2016, sold by the developer: AED 771 per sqft for 1,191 sqft. It is the only registered sale of the unit.
What is the rent for unit 711?
AED 63,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 55,000; the unit has been rented since March 2017.
How big is unit 711?
1,191 sqft (110.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2016.
What is unit 711 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 711, Mazaya 16
Starts from the last sale price (AED 919K, 8 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 918,672
- Deposit, UAE resident (20%)
- AED 183,734
- Deposit, non-resident (40%)
- AED 367,469
- Monthly over 25 years at 3.7%
- AED 3,759
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →