516, Mazaya 33 Q-Zone Gate Zone MU 005 006
Sold prices and rental history: sold once, by the developer in September 2019, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Mazaya 33 Q-Zone Gate Zone MU 005 006
What is 516 worth today?
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Source: Dubai Land Department. Updated 1 January 2021.
Key facts
- Type
- Studio apartment
- Size
- 470 sqft
- Floor
- 5th of 13
- Parking
- M-52
- 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 · September 2019
About 516, Mazaya 33 Q-Zone Gate Zone MU 005 006
516 is a studio of 470 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 17 September 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.
One Ejari contract is registered, from 1 January 2021. The current contract, signed on 1 January 2021, is AED 21,500 a year: a gross yield of 11.5% on the 2019 price, before the service charge of about AED 7,000 a year.
Sales and rents for 516 over time
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 516 sits
All 77 studios →516 last sold in September 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). 516's AED 21,500 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20191 October 2019 | 470 sqft | 187,812 | 399 | ||
| 1 Oct 20191 October 2019 | 470 sqft | 187,812 | 399 | ||
| 1 Oct 20191 October 2019 | 508 sqft | 203,396 | 400 | ||
| 1 Oct 20191 October 2019 | 509 sqft | 203,524 | 400 |
Mazaya 33 Q-Zone Gate Zone MU 005 006
Building328 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
Other units on the 5th floor
All 328 units in Mazaya 33 Q-Zone Gate Zone MU 005 006| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 745 sqft | AED 299KAED 299,196 · Sep 2019September 2019 | 41,250 /yr | |
| 502 | 1-bed | 746 sqft | AED 300KAED 300,016 · Sep 2019September 2019 | 56,000 /yr | |
| 503 | 1-bed | 724 sqft | AED 291KAED 291,272 · Sep 2019September 2019 | 41,500 /yr | |
| 504 | 1-bed | 743 sqft | AED 299KAED 299,284 · Sep 2019September 2019 | 60,000 /yr | |
| 505 | 1-bed | 686 sqft | AED 274KAED 274,308 · Sep 2019September 2019 | 52,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 269KAED 269,228 · Oct 2019October 2019 | 55,000 /yr | |
| 507 | 1-bed | 735 sqft | AED 295KAED 294,676 · Sep 2019September 2019 | 55,000 /yr | |
| 508 | 1-bed | 725 sqft | AED 291KAED 291,016 · Sep 2019September 2019 | 44,000 /yr | |
| 509 | 1-bed | 763 sqft | AED 307KAED 306,644 · Sep 2019September 2019 | 43,500 /yr | |
| 510 | 1-bed | 738 sqft | AED 296KAED 296,096 · Sep 2019September 2019 | 60,000 /yr | |
| 511 | 1-bed | 729 sqft | AED 292KAED 292,392 · Sep 2019September 2019 | 43,500 /yr | |
| 512 | 1-bed | 736 sqft | AED 295KAED 295,104 · Sep 2019September 2019 | 55,000 /yr | |
| 513 | 1-bed | 718 sqft | AED 288KAED 287,828 · Sep 2019September 2019 | 36,104 /yr | |
| 514 | 1-bed | 776 sqft | AED 311KAED 311,336 · Sep 2019September 2019 | 54,000 /yr | |
| 515 | 1-bed | 717 sqft | AED 288KAED 287,528 · Sep 2019September 2019 | 38,000 /yr | |
| 517 | Studio | 499 sqft | AED 200KAED 199,692 · Sep 2019September 2019 | 40,000 /yr | |
| 518 | Studio | 509 sqft | AED 204KAED 203,524 · Sep 2019September 2019 | 34,000 /yr | |
| 519 | Studio | 508 sqft | AED 203KAED 203,396 · Sep 2019September 2019 | 41,000 /yr | |
| 520 | Studio | 508 sqft | AED 203KAED 203,396 · Sep 2019September 2019 | 40,000 /yr | |
| 521 | Studio | 491 sqft | AED 197KAED 196,508 · Aug 2019August 2019 | 35,000 /yr | |
| 522 | Studio | 497 sqft | AED 199KAED 198,960 · Aug 2019August 2019 | 29,000 /yr | |
| 523 | 1-bed | 733 sqft | AED 295KAED 294,760 · Aug 2019August 2019 | 41,500 /yr | |
| 524 | 1-bed | 755 sqft | AED 303KAED 302,728 · Sep 2019September 2019 | 42,000 /yr | |
| 525 | 2-bed | 1,146 sqft | AED 460KAED 459,968 · Aug 2019August 2019 | 80,000 /yr | |
| 526 | 2-bed | 1,158 sqft | AED 465KAED 464,788 · Sep 2019September 2019 | 65,000 /yr | |
| 527 | 2-bed | 1,129 sqft | AED 453KAED 453,464 · Aug 2019August 2019 | 61,000 /yr |
516, 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 17 September 2019 for AED 187,812, or AED 399 per sqft.
- Rented since January 2021 on one Ejari contract, at AED 21,500 a year.
- At AED 21,500 a year the gross yield on the 2019 price is 11.5%, before a service charge of about AED 7,000 a year (AED 15.00 per sqft).
Source: Dubai Land Department. Updated 1 January 2021.
Questions about 516, Mazaya 33 Q-Zone Gate Zone MU 005 006
What did unit 516 last sell for?
AED 187,812 on 17 September 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 516?
AED 21,500 a year on the contract signed on 1 January 2021.
How big is unit 516?
470 sqft (43.7 sqm): a studio on the 5th floor of a 13-storey tower completed in 2020.
What is unit 516 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 516, Mazaya 33 Q-Zone Gate Zone MU 005 006
Starts from the last sale price (AED 188K, 17 September 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 →