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Studio · 499 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 6th floor · completed 2020

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

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

Unit 617 · DLD and Ejari recordsUpdated 10 October 2022
Last soldAED 200K20 August 2019
Current rentAED 27K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 617, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 617 worth today?

Last sold for AED 199,692 in 2019

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10 Oct 2022RentedNew contract
AED 27,000/yr12 months · AED 54 per sqft
25 Sep 2022RentedNew contract
AED 26,000/yr12 months · AED 52 per sqft
15 Sep 2021RentedNew contract
AED 23,000/yr12 months · AED 46 per sqft
15 Aug 2020RentedNew contract
AED 25,000/yr12 months · AED 50 per sqft
20 Aug 2019Sold by developerOff-plan
AED 199,692AED 400 per sqft

Source: Dubai Land Department. Updated 10 October 2022.

Key facts

Type
Studio apartment
Size
499 sqft
Floor
6th of 13
Parking
G-68
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 200K · August 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 617, Mazaya 33 Q-Zone Gate Zone MU 005 006

617 is a studio of 499 sqft on the 6th 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 20 August 2019 for AED 199,692, 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, signed on 10 October 2022, is AED 27,000 a year: a gross yield of 13.5% on the 2019 price, before the service charge of about AED 7,500 a year.

Sales and rents for 617 over time

Rents
Unit 617, 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, August 2020: AED 25,000 a yearNew contract, September 2021: AED 23,000 a yearNew contract, September 2022: AED 26,000 a yearNew contract, October 2022: AED 27,000 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 617 sits

All 77 studios →

617 last sold in August 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). 617's AED 27,000 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 6th floor

All 328 units in Mazaya 33 Q-Zone Gate Zone MU 005 006
Value
6011-bedAED 299K · Aug 2019
6021-bedAED 300K · Aug 2019
6031-bedAED 291K · Aug 2019
6041-bedAED 299K · Aug 2019
6051-bedAED 274K · Aug 2019
6061-bedAED 269K · Aug 2019
6071-bedAED 295K · Aug 2019
1–7 of 26

617, 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 20 August 2019 for AED 199,692, or AED 400 per sqft.
  • Rented since August 2020 on 4 Ejari contracts, from AED 25,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2019 price is 13.5%, before a service charge of about AED 7,500 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 10 October 2022.

Questions about 617, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 617 last sell for?

AED 199,692 on 20 August 2019, sold by the developer: AED 400 per sqft for 499 sqft. It is the only registered sale of the unit.

What is the rent for unit 617?

AED 27,000 a year on the contract signed on 10 October 2022. The previous contract, from September 2022, was AED 26,000; the unit has been rented since August 2020.

How big is unit 617?

499 sqft (46.4 sqm): a studio on the 6th floor of a 13-storey tower completed in 2020.

What is unit 617 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 617, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 200K, 20 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 199,692
Deposit, UAE resident (20%)
AED 39,938
Deposit, non-resident (40%)
AED 79,877
Monthly over 25 years at 3.7%
AED 817

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