308, Mazaya 24
Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Mazaya 24
What is 308 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,054 sqft
- Floor
- 3rd of 5
- Parking
- G-49
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,700 /yr
- Last sold
- AED 525K · November 2022
- Building
- Mazaya 24
About 308, Mazaya 24
308 is a two-bedroom apartment of 1,054 sqft on the 3rd floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 23 November 2022 for AED 525,000, or AED 498 per sqft.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 27 December 2022, is AED 38,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 12,700 a year.
Sales and rents for 308 over time
308 has sold twice; 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 24, and where 308 sits
All 20 2-beds →Over the last 12 months two-beds sold for AED 800,000 to 860,000, around AED 797 per sqft, and rent for AED 35,000 to 66,000 a year. 308's AED 38,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Oct 202613 October 2026 | 1,053 sqft | 860,000 | 816 | ||
| 8 May 20268 May 2026 | 1,053 sqft | 840,000 | 797 | ||
| 20 Feb 202620 February 2026 | 1,053 sqft | 800,000 | 759 | ||
| 19 Nov 202419 November 2024 | 1,054 sqft | 675,000 | 640 |
Mazaya 24
Building65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 10 sold in the last 12 months.
- Typical price per sqft
- AED 804
- Typical sale
- AED 575K
- Typical rent
- AED 48K /yr
- Typical yield
- 9.2%
Other units on the 3rd floor
All 65 units in Mazaya 24| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,040 sqft | AED 383KAED 383,387 · Feb 2015February 2015 | 60,000 /yr | |
| 302 | 1-bed | 728 sqft | AED 555KAED 555,000 · Nov 2016November 2016 | 39,359 /yr | |
| 303 | 1-bed | 720 sqft | AED 400KAED 400,000 · May 2024May 2024 | 33,600 /yr | |
| 304 | 1-bed | 723 sqft | AED 485KAED 485,000 · Jun 2024June 2024 | 43,000 /yr | |
| 305 | 2-bed | 1,042 sqft | AED 760KAED 760,000 · Feb 2009February 2009 | 50,600 /yr | |
| 306 | 1-bed | 567 sqft | AED 410KAED 410,000 · Dec 2017December 2017 | 48,000 /yr | |
| 307 | 1-bed | 152 sqft | AED 394KAED 393,575 · Feb 2009February 2009 | 43,000 /yr | |
| 309 | 1-bed | 928 sqft | AED 580KAED 580,000 · Oct 2017October 2017 | 55,000 /yr | |
| 310 | 1-bed | 929 sqft | No registered sale | 75,000 /yr | |
| 311 | 2-bed | 1,053 sqft | AED 600KAED 600,000 · Jun 2018June 2018 | 65,000 /yr | |
| 312 | 1-bed | 571 sqft | AED 417KAED 417,423 · Jan 2015January 2015 | 41,000 /yr | |
| 313 | 1-bed | 565 sqft | AED 400KAED 400,000 · Jun 2018June 2018 | 42,000 /yr |
308, Mazaya 24 in numbers
- Sold twice: first on 7 October 2014 for AED 762,000, last on 23 November 2022 for AED 525,000 (AED 498 per sqft).
- Rented since June 2018 on 4 Ejari contracts. The rent fell from AED 48,000 to AED 34,000 in 2021 and recovered to AED 38,000 by December 2022.
- At AED 38,000 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 12,700 a year (AED 12.09 per sqft).
- Two-beds in Mazaya 24 sold for AED 800,000–860,000 in the 12 months to November 2026; the building's median across all types is AED 804 per sqft.
Source: Dubai Land Department. Updated 27 December 2022.
Questions about 308, Mazaya 24
What did unit 308 last sell for?
AED 525,000 on 23 November 2022: AED 498 per sqft for 1,054 sqft. The unit has 2 registered sales; the first was AED 762,000 in October 2014.
What is the rent for unit 308?
AED 38,000 a year on the contract renewed on 27 December 2022. The previous contract, from December 2021, was AED 34,000; the unit has been rented since June 2018.
How big is unit 308?
1,054 sqft (97.9 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2014.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 24 sold for AED 800,000 to 860,000 in the last 12 months, around AED 797 per sqft.
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Mortgage on 308, Mazaya 24
Starts from the last sale price (AED 525K, 23 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →