2-bed · 970 sqftMazaya - Monaco residency (Queue Point - R100), Liwan · 4th floor · completed 2014

401, 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 401 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 642K22 October 2015
Current rentAED 52K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Mazaya - Monaco residency (Queue Point - R100)

What is 401 worth today?

Last sold for AED 642,048 in 2015

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10 Aug 2024RentedNew contract
AED 51,700/yr12 months · AED 53 per sqft
10 Aug 2020RentedRenewal
AED 42,000/yr12 months · AED 43 per sqft
10 Aug 2019RentedNew contract
AED 47,000/yr12 months · AED 48 per sqft
15 Oct 2018RentedNew contract
AED 53,000/yr12 months · AED 55 per sqft
25 Jul 2017RentedNew contract
AED 58,000/yr12 months · AED 60 per sqft
23 Nov 2015RentedNew contract
AED 62,500/yr12 months · AED 64 per sqft
22 Oct 2015Sold by developerReady
AED 642,048AED 662 per sqft
24 Nov 2014RentedNew contract
AED 62,500/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
2-bed apartment
Size
970 sqft
Floor
4th of 5
Parking
G-02
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 7,300 /yr
Last sold
AED 642K · October 2015

About 401, Mazaya - Monaco residency (Queue Point - R100)

401 is a two-bedroom apartment of 970 sqft on the 4th 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 642,048, 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 7 Ejari contracts. The current contract, signed on 10 August 2024, is AED 51,700 a year: a gross yield of 8.1% on the 2015 price, before the service charge of about AED 7,300 a year.

Sales and rents for 401 over time

Rents
Unit 401, 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 58,000 a yearNew contract, October 2018: AED 53,000 a yearNew contract, August 2019: AED 47,000 a yearRenewal, August 2020: AED 42,000 a yearNew contract, August 2024: AED 51,700 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 401 sits

All 10 2-beds →

401 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). 401's AED 51,700 is at the bottom 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 20151,014,068
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
4021-bedAED 435K · Oct 2015
4031-bedAED 402K · Oct 2015
4043-bedAED 1.07M · Oct 2015
4051-bedAED 381K · Oct 2015
4061-bedAED 378K · Oct 2015
4072-bedAED 1.01M · Oct 2015
4081-bedAED 536K · Oct 2015

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

  • Sold once: by Al Mazaya Real Estate on 22 October 2015 for AED 642,048, or AED 662 per sqft.
  • Rented since November 2014 on 7 Ejari contracts. The rent fell from AED 62,500 to AED 42,000 in 2020 and recovered to AED 51,700 by August 2024.
  • At AED 51,700 a year the gross yield on the 2015 price is 8.1%, before a service charge of about AED 7,300 a year (AED 7.49 per sqft).

Source: Dubai Land Department. Updated 10 August 2024.

Questions about 401, Mazaya - Monaco residency (Queue Point - R100)

What did unit 401 last sell for?

AED 642,048 on 22 October 2015, sold by the developer: AED 662 per sqft for 970 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 51,700 a year on the contract signed on 10 August 2024. The previous contract, from August 2020, was AED 42,000; the unit has been rented since November 2014.

How big is unit 401?

970 sqft (90.1 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2014.

What is unit 401 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 401, Mazaya - Monaco residency (Queue Point - R100)

Starts from the last sale price (AED 642K, 22 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 642,048
Deposit, UAE resident (20%)
AED 128,410
Deposit, non-resident (40%)
AED 256,819
Monthly over 25 years at 3.7%
AED 2,627

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