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Studio · 509 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 6th floor · completed 2020

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

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

Unit 618 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 204K20 August 2019
Current rentAED 24K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 618, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 618 worth today?

Last sold for AED 203,524 in 2019

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1 Oct 2021RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
1 Aug 2020RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
20 Aug 2019Sold by developerOff-plan
AED 203,524AED 400 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
Studio apartment
Size
509 sqft
Floor
6th of 13
Parking
G-69
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 7,600 /yr
Last sold
AED 204K · August 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 618, Mazaya 33 Q-Zone Gate Zone MU 005 006

618 is a studio of 509 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 203,524, 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 2 Ejari contracts. The current contract, signed on 1 October 2021, is AED 24,000 a year: a gross yield of 11.8% on the 2019 price, before the service charge of about AED 7,600 a year.

Sales and rents for 618 over time

Rents
Unit 618, 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, October 2021: AED 24,000 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 618 sits

All 77 studios →

618 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). 618's AED 24,000 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

618, 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 203,524, or AED 400 per sqft.
  • Rented since August 2020 on 2 Ejari contracts, from AED 25,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2019 price is 11.8%, before a service charge of about AED 7,600 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 1 October 2021.

Questions about 618, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 618 last sell for?

AED 203,524 on 20 August 2019, sold by the developer: AED 400 per sqft for 509 sqft. It is the only registered sale of the unit.

What is the rent for unit 618?

AED 24,000 a year on the contract signed on 1 October 2021. The previous contract, from August 2020, was AED 25,000.

How big is unit 618?

509 sqft (47.3 sqm): a studio on the 6th floor of a 13-storey tower completed in 2020.

What is unit 618 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 618, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 204K, 20 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 203,524
Deposit, UAE resident (20%)
AED 40,705
Deposit, non-resident (40%)
AED 81,410
Monthly over 25 years at 3.7%
AED 833

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