2-bed · 1,531 sqftMazaya - Monaco residency (Queue Point - R100), Liwan · 3rd floor · completed 2014

307, Mazaya - Monaco residency (Queue Point - R100)

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 15 July 2023
Last soldAED 1.01M22 October 2015
Current rentAED 58K /yr15 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Mazaya - Monaco residency (Queue Point - R100)

What is 307 worth today?

Last sold for AED 1,014,068 in 2015

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15 Jul 2023RentedRenewal
AED 57,750/yr12 months · AED 38 per sqft
15 Jul 2022RentedRenewal
AED 55,000/yr12 months · AED 36 per sqft
15 Jul 2021RentedRenewal
AED 53,000/yr12 months · AED 35 per sqft
15 Jul 2020RentedRenewal
AED 58,000/yr12 months · AED 38 per sqft
15 Jul 2019RentedRenewal
AED 63,000/yr12 months · AED 41 per sqft
15 Jul 2018RentedRenewal
AED 68,500/yr12 months · AED 45 per sqft
15 Jul 2017RentedNew contract
AED 70,000/yr12 months · AED 46 per sqft
23 Nov 2015RentedNew contract
AED 62,500/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 15 July 2023.

Key facts

Type
2-bed apartment
Size
1,531 sqft
Floor
3rd of 5
Parking
G-35
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 11,500 /yr
Last sold
AED 1.01M · October 2015

About 307, Mazaya - Monaco residency (Queue Point - R100)

307 is a two-bedroom apartment of 1,531 sqft on the 3rd floor of Mazaya - Monaco residency (Queue Point - R100), a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 22 October 2015 for AED 1,014,068, or AED 662 per sqft, in line with the AED 662 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 15 July 2023, is AED 57,750 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 11,500 a year.

Sales and rents for 307 over time

Rents
Unit 307, each contractTypical two-bed in Mazaya - Monaco residency (Queue Point - R100)
40K60K2014201820222026Typical rent by year: 2014 AED 62,500; 2015 AED 62,500; 2017 AED 66,500; 2018 AED 68,000; 2019 AED 52,000; 2020 AED 44,000; 2021 AED 46,000; 2022 AED 48,500; 2023 AED 52,750; 2024 AED 54,000; 2025 AED 54,000; 2026 AED 60,000New contract, November 2014: AED 62,500 a yearNew contract, November 2015: AED 62,500 a yearNew contract, July 2017: AED 70,000 a yearRenewal, July 2018: AED 68,500 a yearRenewal, July 2019: AED 63,000 a yearRenewal, July 2020: AED 58,000 a yearRenewal, July 2021: AED 53,000 a yearRenewal, July 2022: AED 55,000 a yearRenewal, July 2023: AED 57,750 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya - Monaco residency (Queue Point - R100), and where 307 sits

All 10 2-beds →

307 last sold in October 2015 at AED 662 per sqft, in line with what two-beds in Mazaya - Monaco residency (Queue Point - R100) were fetching at the time (AED 662). 307's AED 57,750 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 2015642,048
22 Oct 2015642,048
22 Oct 20151,014,068
22 Oct 2015642,048
0 2-bed sales in the last 12 months

Mazaya - Monaco residency (Queue Point - R100)

Building

40 apartments, 1-bed to 3-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 49K /yr
Typical yield
Mazaya - Monaco residency (Queue Point - R100), Liwan: prices, sales and rents →
Value
3012-bedAED 642K · Oct 2015
3021-bedAED 435K · Oct 2015
3031-bedAED 402K · Oct 2015
3043-bedAED 1.07M · Oct 2015
3051-bedAED 381K · Oct 2015
3061-bedAED 378K · Oct 2015
3081-bedAED 536K · Oct 2015

307, Mazaya - Monaco residency (Queue Point - R100) in numbers

  • Sold once: by Al Mazaya Real Estate on 22 October 2015 for AED 1,014,068, or AED 662 per sqft.
  • Rented since November 2014 on 9 Ejari contracts, from AED 62,500 to AED 57,750 a year.
  • At AED 57,750 a year the gross yield on the 2015 price is 5.7%, before a service charge of about AED 11,500 a year (AED 7.49 per sqft).

Source: Dubai Land Department. Updated 15 July 2023.

Questions about 307, Mazaya - Monaco residency (Queue Point - R100)

What did unit 307 last sell for?

AED 1,014,068 on 22 October 2015, sold by the developer: AED 662 per sqft for 1,531 sqft. It is the only registered sale of the unit.

What is the rent for unit 307?

AED 57,750 a year on the contract renewed on 15 July 2023. The previous contract, from July 2022, was AED 55,000; the unit has been rented since November 2014.

How big is unit 307?

1,531 sqft (142.2 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2014.

What is unit 307 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 307, Mazaya - Monaco residency (Queue Point - R100)

Starts from the last sale price (AED 1.01M, 22 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,014,068
Deposit, UAE resident (20%)
AED 202,814
Deposit, non-resident (40%)
AED 405,627
Monthly over 25 years at 3.7%
AED 4,149

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