1-bed · 651 sqftMazaya - Farah Tower 1, Liwan · 8th floor · completed 2014

803, Mazaya - Farah Tower 1

Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 1 December 2019
Last soldAED 540K6 September 2015
Current rentAED 31K /yr1 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Mazaya - Farah Tower 1

What is 803 worth today?

Last sold for AED 540,000 in 2015

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1 Dec 2019RentedNew contract
AED 31,000/yr12 months · AED 48 per sqft
1 Apr 2019RentedRenewal
AED 38,000/yr12 months · AED 59 per sqft
1 Apr 2017RentedNew contract
AED 45,000/yr12 months · AED 70 per sqft
31 Oct 2015RentedNew contract
AED 50,000/yr12 months · AED 77 per sqft
6 Sep 2015Sold by developerReady
AED 540,000AED 829 per sqft

Source: Dubai Land Department. Updated 1 December 2019.

Key facts

Type
1-bed apartment
Size
651 sqft
Floor
8th of 9
Parking
G-15
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 7,400 /yr
Last sold
AED 540K · September 2015

About 803, Mazaya - Farah Tower 1

803 is a one-bedroom apartment of 651 sqft on the 8th floor of Mazaya - Farah Tower 1, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 6 September 2015 for AED 540,000, or AED 829 per sqft, 82% above the AED 456 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 December 2019, is AED 31,000 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 7,400 a year.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical one-bed in Mazaya - Farah Tower 1
400K600K2009201420192024Typical sale price by year: 2009 AED 704,860; 2015 AED 550,000; 2016 AED 460,000; 2017 AED 415,000; 2019 AED 405,000; 2020 AED 300,000; 2021 AED 300,000; 2024 AED 497,500; 2025 AED 600,000; 2026 AED 550,000Sold by developer, September 2015: AED 540,000 (AED 829 per sqft)

803 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 803, each contractTypical one-bed in Mazaya - Farah Tower 1
40K60K20152018202120242027Typical rent by year: 2015 AED 57,000; 2016 AED 50,000; 2017 AED 47,000; 2018 AED 42,000; 2019 AED 36,000; 2020 AED 30,000; 2021 AED 27,000; 2022 AED 29,000; 2023 AED 34,000; 2024 AED 40,425; 2025 AED 45,000; 2026 AED 43,832New contract, October 2015: AED 50,000 a yearNew contract, April 2017: AED 45,000 a yearRenewal, April 2019: AED 38,000 a yearNew contract, December 2019: AED 31,000 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 - Farah Tower 1, and where 803 sits

All 63 1-beds →

803 last sold in September 2015 at AED 829 per sqft, 82% above what one-beds in Mazaya - Farah Tower 1 were fetching at the time (AED 456). Over the last 12 months one-beds sold for AED 550,000 to 595,000, around AED 845 per sqft, and rent for AED 16,000 to 55,000 a year. 803's AED 31,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Aug 2026570,000
9 Jul 2026595,000
17 Feb 2026550,000
11 Feb 2026550,000
5 1-bed sales in the last 12 months

Mazaya - Farah Tower 1

Building

81 apartments, 1-bed to 2-bed over 9 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.

Typical price per sqft
AED 845
Typical sale
AED 550K
Typical rent
AED 45K /yr
Typical yield
6.9%
Mazaya - Farah Tower 1, Liwan: prices, sales and rents →

Other units on the 8th floor

All 81 units in Mazaya - Farah Tower 1
Value
8011-bedAED 300K · Jul 2020
8021-bedAED 620K · Nov 2015
8041-bedAED 300K · Nov 2021
8051-bedAED 190K · Feb 2020
8062-bedAED 800K · Mar 2016
8072-bedAED 800K · Mar 2016
8081-bedAED 300K · Nov 2021
1–7 of 8

803, Mazaya - Farah Tower 1 in numbers

  • Sold once: by Al Mazaya Real Estate on 6 September 2015 for AED 540,000, or AED 829 per sqft.
  • Rented since October 2015 on 4 Ejari contracts, from AED 50,000 to AED 31,000 a year.
  • At AED 31,000 a year the gross yield on the 2015 price is 5.7%, before a service charge of about AED 7,400 a year (AED 11.30 per sqft).
  • One-beds in Mazaya - Farah Tower 1 sold for AED 550,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 845 per sqft.

Source: Dubai Land Department. Updated 1 December 2019.

Questions about 803, Mazaya - Farah Tower 1

What did unit 803 last sell for?

AED 540,000 on 6 September 2015, sold by the developer: AED 829 per sqft for 651 sqft. It is the only registered sale of the unit.

What is the rent for unit 803?

AED 31,000 a year on the contract signed on 1 December 2019. The previous contract, from April 2019, was AED 38,000; the unit has been rented since October 2015.

How big is unit 803?

651 sqft (60.5 sqm): a one-bedroom apartment on the 8th floor of a 9-storey tower completed in 2014.

What is unit 803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya - Farah Tower 1 sold for AED 550,000 to 595,000 in the last 12 months, around AED 845 per sqft.

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Mortgage on 803, Mazaya - Farah Tower 1

Starts from the last sale price (AED 540K, 6 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 540,000
Deposit, UAE resident (20%)
AED 108,000
Deposit, non-resident (40%)
AED 216,000
Monthly over 25 years at 3.7%
AED 2,209

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