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Studio · 508 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 11th floor · completed 2020

1120, Mazaya 33 Q-Zone Gate Zone MU 005 006

Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1120 · DLD and Ejari recordsUpdated 1 January 2024
Last soldAED 203K1 October 2019
Current rentAED 29K /yr1 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1120, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 1120 worth today?

Last sold for AED 203,396 in 2019

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1 Jan 2024RentedRenewal
AED 29,000/yr12 months · AED 57 per sqft
1 Jan 2023RentedRenewal
AED 26,000/yr12 months · AED 51 per sqft
1 Jan 2022RentedRenewal
AED 24,000/yr12 months · AED 47 per sqft
1 Dec 2020RentedNew contract
AED 24,000/yr13 months · AED 47 per sqft
1 Oct 2019Sold by developerOff-plan
AED 203,396AED 400 per sqft

Source: Dubai Land Department. Updated 1 January 2024.

Key facts

Type
Studio apartment
Size
508 sqft
Floor
11th of 13
Parking
G-123
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 7,600 /yr
Last sold
AED 203K · October 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 1120, Mazaya 33 Q-Zone Gate Zone MU 005 006

1120 is a studio of 508 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 203,396, or AED 400 per sqft, in line with the AED 400 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 29,000 a year: a gross yield of 14.3% on the 2019 price, before the service charge of about AED 7,600 a year.

Sales and rents for 1120 over time

Rents
Unit 1120, 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, December 2020: AED 24,000 a yearRenewal, January 2022: AED 24,000 a yearRenewal, January 2023: AED 26,000 a yearRenewal, January 2024: AED 29,000 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 1120 sits

All 77 studios →

1120 last sold in October 2019 at AED 400 per sqft, in line with what studios in Mazaya 33 Q-Zone Gate Zone MU 005 006 were fetching at the time (AED 400). 1120's AED 29,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2019187,812
1 Oct 2019187,812
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

1120, 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 203,396, or AED 400 per sqft.
  • Rented since December 2020 on 4 Ejari contracts, from AED 24,000 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2019 price is 14.3%, before a service charge of about AED 7,600 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 1 January 2024.

Questions about 1120, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 1120 last sell for?

AED 203,396 on 1 October 2019, sold by the developer: AED 400 per sqft for 508 sqft. It is the only registered sale of the unit.

What is the rent for unit 1120?

AED 29,000 a year on the contract renewed on 1 January 2024. The previous contract, from January 2023, was AED 26,000; the unit has been rented since December 2020.

How big is unit 1120?

508 sqft (47.2 sqm): a studio on the 11th floor of a 13-storey tower completed in 2020.

What is unit 1120 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 1120, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 203K, 1 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 203,396
Deposit, UAE resident (20%)
AED 40,679
Deposit, non-resident (40%)
AED 81,358
Monthly over 25 years at 3.7%
AED 832

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