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1-bed · 733 sqftMazaya 33 Q-Zone Gate Zone MU 005 006, Liwan · 6th floor · completed 2020

623, 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 623 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 295K25 August 2019
Current rentAED 33K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 623, Mazaya 33 Q-Zone Gate Zone MU 005 006

What is 623 worth today?

Last sold for AED 294,760 in 2019

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1 Mar 2022RentedNew contract
AED 33,000/yr12 months · AED 45 per sqft
1 Oct 2020RentedNew contract
AED 35,000/yr13 months · AED 48 per sqft
25 Aug 2019Sold by developerOff-plan
AED 294,760AED 401 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
1-bed apartment
Size
733 sqft
Floor
6th of 13
Parking
G-56
Developer
Altelal Alkhadraa Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2020
Service charge
AED 11,000 /yr
Last sold
AED 295K · August 2019
Building
Mazaya 33 Q-Zone Gate Zone MU 005 006

About 623, Mazaya 33 Q-Zone Gate Zone MU 005 006

623 is a one-bedroom apartment of 733 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 25 August 2019 for AED 294,760, 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, signed on 1 March 2022, is AED 33,000 a year: a gross yield of 11.2% on the 2019 price, before the service charge of about AED 11,000 a year.

Sales and rents for 623 over time

Rents
Unit 623, 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 yearNew contract, March 2022: AED 33,000 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 623 sits

All 212 1-beds →

623 last sold in August 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). 623's AED 33,000 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 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

623, 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 25 August 2019 for AED 294,760, or AED 401 per sqft.
  • Rented since October 2020 on 2 Ejari contracts, from AED 35,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2019 price is 11.2%, before a service charge of about AED 11,000 a year (AED 15.00 per sqft).

Source: Dubai Land Department. Updated 1 March 2022.

Questions about 623, Mazaya 33 Q-Zone Gate Zone MU 005 006

What did unit 623 last sell for?

AED 294,760 on 25 August 2019, sold by the developer: AED 401 per sqft for 733 sqft. It is the only registered sale of the unit.

What is the rent for unit 623?

AED 33,000 a year on the contract signed on 1 March 2022. The previous contract, from October 2020, was AED 35,000.

How big is unit 623?

733 sqft (68.1 sqm): a one-bedroom apartment on the 6th floor of a 13-storey tower completed in 2020.

What is unit 623 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 623, Mazaya 33 Q-Zone Gate Zone MU 005 006

Starts from the last sale price (AED 295K, 25 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 294,760
Deposit, UAE resident (20%)
AED 58,952
Deposit, non-resident (40%)
AED 117,904
Monthly over 25 years at 3.7%
AED 1,206

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