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1-bed · 717 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 5th floor · completed 2020

515, 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 515 · DLD and Ejari recordsUpdated 15 November 2021
Last soldAED 288K4 September 2019
Current rentAED 38K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 515 worth today?

Last sold for AED 287,528 in 2019

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15 Nov 2021RentedRenewal
AED 38,000/yr60 months · AED 53 per sqft
15 Oct 2020RentedNew contract
AED 35,000/yr13 months · AED 49 per sqft
4 Sep 2019Sold by developerOff-plan
AED 287,528AED 401 per sqft

Source: Dubai Land Department. Updated 15 November 2021.

Key facts

Type
1-bed apartment
Size
717 sqft
Floor
5th of 13
Parking
M-51
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 10,800 /yr
Last sold
AED 288K · September 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 515, Mazaya 33 Q-Zone Gate Zone MU 005 006

515 is a one-bedroom apartment of 717 sqft on the 5th 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 4 September 2019 for AED 287,528, or AED 401 per sqft, in line with the AED 401 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 15 November 2021, is AED 38,000 a year: a gross yield of 13.2% on the 2019 price, before the service charge of about AED 10,800 a year.

Sales and rents for 515 over time

Rents
Unit 515, each contractTypical one-bed in Mazaya 33 Q-Zone Gate Zone MU 005 006
30K40K50K2020202220242026Typical rent by year: 2020 AED 34,000; 2021 AED 33,000; 2022 AED 34,500; 2023 AED 38,000; 2024 AED 42,000; 2025 AED 45,000; 2026 AED 52,000New contract, October 2020: AED 35,000 a yearRenewal, November 2021: AED 38,000 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 33 Q-Zone Gate Zone MU 005 006, and where 515 sits

All 212 1-beds →

515 last sold in September 2019 at AED 401 per sqft, in line with what one-beds in Mazaya 33 Q-Zone Gate Zone MU 005 006 were fetching at the time (AED 401). 515's AED 38,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Oct 2019306,644
1 Oct 2019296,096
1 Oct 2019306,644
1 Oct 2019291,016
0 1-bed 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 5th floor

All 328 units in Mazaya 33 Q-Zone Gate Zone MU 005 006
Value
5011-bedAED 299K · Sep 2019
5021-bedAED 300K · Sep 2019
5031-bedAED 291K · Sep 2019
5041-bedAED 299K · Sep 2019
5051-bedAED 274K · Sep 2019
5061-bedAED 269K · Oct 2019
5071-bedAED 295K · Sep 2019
1–7 of 26

515, 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 4 September 2019 for AED 287,528, or AED 401 per sqft.
  • Rented since October 2020 on 2 Ejari contracts, from AED 35,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2019 price is 13.2%, before a service charge of about AED 10,800 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 15 November 2021.

Questions about 515, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 515 last sell for?

AED 287,528 on 4 September 2019, sold by the developer: AED 401 per sqft for 717 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 38,000 a year on the contract renewed on 15 November 2021. The previous contract, from October 2020, was AED 35,000.

How big is unit 515?

717 sqft (66.6 sqm): a one-bedroom apartment on the 5th floor of a 13-storey tower completed in 2020.

What is unit 515 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 515, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 288K, 4 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 287,528
Deposit, UAE resident (20%)
AED 57,506
Deposit, non-resident (40%)
AED 115,011
Monthly over 25 years at 3.7%
AED 1,176

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