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Studio · 508 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 3rd floor · completed 2020

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

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

Unit 320 · DLD and Ejari recordsUpdated 25 December 2022
Last soldAED 203K16 September 2019
Current rentAED 26K /yr25 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 320, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 320 worth today?

Last sold for AED 203,396 in 2019

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25 Dec 2022RentedRenewal
AED 26,000/yr12 months · AED 51 per sqft
25 Dec 2021RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
5 Nov 2020RentedNew contract
AED 24,000/yr13 months · AED 47 per sqft
16 Sep 2019Sold by developerOff-plan
AED 203,396AED 400 per sqft

Source: Dubai Land Department. Updated 25 December 2022.

Key facts

Type
Studio apartment
Size
508 sqft
Floor
3rd of 13
Parking
M-151
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 · September 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 320, Mazaya 33 Q-Zone Gate Zone MU 005 006

320 is a studio of 508 sqft on the 3rd 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 16 September 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 since 2020 on 3 Ejari contracts. The current contract, renewed on 25 December 2022, is AED 26,000 a year: a gross yield of 12.8% on the 2019 price, before the service charge of about AED 7,600 a year.

Sales and rents for 320 over time

Rents
Unit 320, 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, November 2020: AED 24,000 a yearNew contract, December 2021: AED 24,000 a yearRenewal, December 2022: AED 26,000 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 320 sits

All 77 studios →

320 last sold in September 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). 320's AED 26,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2019187,812
1 Oct 2019187,812
1 Oct 2019203,396
1 Oct 2019203,524
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 3rd floor

All 328 units in Mazaya 33 Q-Zone Gate Zone MU 005 006
Value
3011-bedAED 299K · Aug 2019
3021-bedAED 300K · Sep 2019
3031-bedAED 291K · Aug 2019
3041-bedAED 299K · Sep 2019
3051-bedAED 274K · Aug 2019
3061-bedAED 269K · Sep 2019
3071-bedAED 295K · Sep 2019
1–7 of 26

320, 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 16 September 2019 for AED 203,396, or AED 400 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 24,000 to AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2019 price is 12.8%, before a service charge of about AED 7,600 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 25 December 2022.

Questions about 320, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 320 last sell for?

AED 203,396 on 16 September 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 320?

AED 26,000 a year on the contract renewed on 25 December 2022. The previous contract, from December 2021, was AED 24,000; the unit has been rented since November 2020.

How big is unit 320?

508 sqft (47.2 sqm): a studio on the 3rd floor of a 13-storey tower completed in 2020.

What is unit 320 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 320, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 203K, 16 September 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 →