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Studio · 470 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 11th floor · completed 2020

1116, Mazaya 33 Q-Zone Gate Zone MU 005 006

Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1116 · DLD and Ejari recordsUpdated 17 September 2024
Last soldAED 188K1 October 2019
Current rentAED 37K /yr17 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1116, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 1116 worth today?

Last sold for AED 187,812 in 2019

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17 Sep 2024RentedNew contract
AED 37,000/yr12 months · AED 79 per sqft
1 Sep 2022RentedNew contract
AED 25,000/yr12 months · AED 53 per sqft
1 Aug 2021RentedNew contract · flagged as an outlier
AED 3,000/yr48 months · AED 6 per sqft
1 Oct 2019Sold by developerOff-plan
AED 187,812AED 399 per sqft

Source: Dubai Land Department. Updated 17 September 2024.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
11th of 13
Parking
G-34
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 7,000 /yr
Last sold
AED 188K · October 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 1116, Mazaya 33 Q-Zone Gate Zone MU 005 006

1116 is a studio of 470 sqft on the 11th floor of Mazaya 33 Q-Zone Gate Zone MU 005 006, a 13-storey tower in Liwan completed in 2020 by Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company . The developer sold it on 1 October 2019 for AED 187,812, or AED 399 per sqft, in line with the AED 400 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 17 September 2024, is AED 37,000 a year: a gross yield of 19.7% on the 2019 price, before the service charge of about AED 7,000 a year.

Sales and rents for 1116 over time

Rents
Unit 1116, each contractTypical studio in Mazaya 33 Q-Zone Gate Zone MU 005 006
30K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 23,000; 2022 AED 25,000; 2023 AED 31,000; 2024 AED 34,000; 2025 AED 36,000; 2026 AED 38,000New contract, September 2022: AED 25,000 a yearNew contract, September 2024: AED 37,000 a year

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

Studios in Mazaya 33 Q-Zone Gate Zone MU 005 006, and where 1116 sits

All 77 studios →

1116 last sold in October 2019 at AED 399 per sqft, in line with what studios in Mazaya 33 Q-Zone Gate Zone MU 005 006 were fetching at the time (AED 400). 1116's AED 37,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2019187,812
1 Oct 2019203,396
1 Oct 2019203,524
1 Oct 2019199,692
0 studio sales in the last 12 months

Mazaya 33 Q-Zone Gate Zone MU 005 006

Building

328 apartments, studios to 2-bed over 13 floors in Liwan, completed in 2020 by Altelal Alkhadraa 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 48K /yr
Typical yield
Mazaya 33 Q-Zone Gate Zone MU 005 006, Liwan: prices, sales and rents →

Other units on the 11th floor

All 328 units in Mazaya 33 Q-Zone Gate Zone MU 005 006
Value
11011-bedAED 299K · Sep 2019
11021-bedAED 300K · Sep 2019
11031-bedAED 291K · Sep 2019
11041-bedAED 299K · Sep 2019
11051-bedAED 274K · Sep 2019
11061-bedAED 269K · Sep 2019
11071-bedAED 295K · Sep 2019
1–7 of 26

1116, Mazaya 33 Q-Zone Gate Zone MU 005 006 in numbers

  • Sold once: by Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company on 1 October 2019 for AED 187,812, or AED 399 per sqft.
  • Rented since August 2021 on 3 Ejari contracts, from AED 3,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2019 price is 19.7%, before a service charge of about AED 7,000 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 17 September 2024.

Questions about 1116, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 1116 last sell for?

AED 187,812 on 1 October 2019, sold by the developer: AED 399 per sqft for 470 sqft. It is the only registered sale of the unit.

What is the rent for unit 1116?

AED 37,000 a year on the contract signed on 17 September 2024. The previous contract, from September 2022, was AED 25,000; the unit has been rented since August 2021.

How big is unit 1116?

470 sqft (43.7 sqm): a studio on the 11th floor of a 13-storey tower completed in 2020.

What is unit 1116 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 1116, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 188K, 1 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 187,812
Deposit, UAE resident (20%)
AED 37,562
Deposit, non-resident (40%)
AED 75,125
Monthly over 25 years at 3.7%
AED 768

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