1-bed · 928 sqftMazaya 24, Liwan · 3rd floor · completed 2014

309, Mazaya 24

Sold prices and rental history: sold 3 times, last in October 2017, and rented once, from March 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 31 October 2017
Last soldAED 580K31 October 2017
Current rentAED 55K /yr1 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Mazaya 24

What is 309 worth today?

Last sold for AED 580,000 in 2017

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31 Oct 2017SoldReady
AED 580,000AED 624 per sqft
1 Mar 2015RentedNew contract
AED 55,000/yr12 months · AED 59 per sqft
6 Jan 2015SoldReady
AED 650,000AED 700 per sqft
18 Nov 2014Sold by developerReady
AED 868,697AED 935 per sqft

Source: Dubai Land Department. Updated 31 October 2017.

Key facts

Type
1-bed apartment
Size
928 sqft
Floor
3rd of 5
Parking
G-40
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,200 /yr
Last sold
AED 580K · October 2017
Building
Mazaya 24

About 309, Mazaya 24

309 is a one-bedroom apartment of 928 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 31 October 2017 for AED 580,000, or AED 624 per sqft, 15% below the AED 733 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 March 2015. The current contract, signed on 1 March 2015, is AED 55,000 a year: a gross yield of 9.5% on the 2017 price, before the service charge of about AED 11,200 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in Mazaya 24
500K2009201420192024Typical sale price by year: 2009 AED 423,391; 2014 AED 479,171; 2015 AED 489,196; 2016 AED 445,000; 2017 AED 418,695; 2022 AED 330,000; 2023 AED 313,750; 2024 AED 370,000; 2026 AED 550,000Sold by developer, November 2014: AED 868,697 (AED 935 per sqft)Sold, January 2015: AED 650,000 (AED 700 per sqft)Sold, October 2017: AED 580,000 (AED 624 per sqft)

309 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 309, each contractTypical one-bed in Mazaya 24
20K40K60K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 43,000; 2018 AED 40,250; 2019 AED 33,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 38,500; 2025 AED 43,000; 2026 AED 47,500New contract, March 2015: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Mazaya 24, and where 309 sits

All 45 1-beds →

309 last sold in October 2017 at AED 624 per sqft, 15% below what one-beds in Mazaya 24 were fetching at the time (AED 733). Over the last 12 months one-beds sold for AED 425,444 to 640,000, around AED 810 per sqft, and rent for AED 33,000 to 82,000 a year. 309's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Jul 2026500,000
26 Jun 2026590,000
3 Mar 2026640,000
17 Feb 2026425,444
7 1-bed sales in the last 12 months

Mazaya 24

Building

65 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%
Mazaya 24, Liwan: prices, sales and rents →

Other units on the 3rd floor

All 65 units in Mazaya 24
Value
3012-bedAED 383K · Feb 2015
3021-bedAED 555K · Nov 2016
3031-bedAED 400K · May 2024
3041-bedAED 485K · Jun 2024
3052-bedAED 760K · Feb 2009
3061-bedAED 410K · Dec 2017
3071-bedAED 394K · Feb 2009
1–7 of 12

309, Mazaya 24 in numbers

  • Sold 3 times: first on 18 November 2014 for AED 868,697, last on 31 October 2017 for AED 580,000 (AED 624 per sqft).
  • Rented since March 2015 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 9.5%, before a service charge of about AED 11,200 a year (AED 12.09 per sqft).
  • One-beds in Mazaya 24 sold for AED 425,444–640,000 in the 12 months to November 2026; the building's median across all types is AED 804 per sqft.

Source: Dubai Land Department. Updated 31 October 2017.

Questions about 309, Mazaya 24

What did unit 309 last sell for?

AED 580,000 on 31 October 2017: AED 624 per sqft for 928 sqft. The unit has 3 registered sales; the first was AED 868,697 in November 2014.

What is the rent for unit 309?

AED 55,000 a year on the contract signed on 1 March 2015.

How big is unit 309?

928 sqft (86.2 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2014.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 24 sold for AED 425,444 to 640,000 in the last 12 months, around AED 810 per sqft.

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Mortgage on 309, Mazaya 24

Starts from the last sale price (AED 580K, 31 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →