1-bed · 764 sqftMazaya - Shams, Liwan · 3rd floor · completed 2014

302, Mazaya - Shams

Sold prices and rental history: sold once, by the developer in May 2009, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 15 July 2022
Last soldAED 539K3 May 2009
Current rentAED 31K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Mazaya - Shams

What is 302 worth today?

Last sold for AED 539,333 in 2009

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15 Jul 2022RentedNew contract
AED 31,000/yr12 months · AED 41 per sqft
5 Jul 2020RentedNew contract
AED 28,000/yr12 months · AED 37 per sqft
1 Aug 2014RentedNew contract
AED 50,000/yr12 months · AED 65 per sqft
3 May 2009Sold by developerOff-plan
AED 539,333AED 705 per sqft

Source: Dubai Land Department. Updated 15 July 2022.

Key facts

Type
1-bed apartment
Size
764 sqft
Floor
3rd of 6
Parking
G-44
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 539K · May 2009

About 302, Mazaya - Shams

302 is a one-bedroom apartment of 764 sqft on the 3rd floor of Mazaya - Shams, a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 3 May 2009 for AED 539,333, or AED 705 per sqft, in line with the AED 700 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 15 July 2022, is AED 31,000 a year: a gross yield of 5.8% on the 2009 price, before the service charge of about AED 8,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical one-bed in Mazaya - Shams
400K500K2009201420192024Typical sale price by year: 2009 AED 528,990; 2014 AED 486,513; 2015 AED 479,252; 2016 AED 560,000; 2023 AED 393,000; 2024 AED 450,000; 2026 AED 529,000Sold by developer, May 2009: AED 539,333 (AED 705 per sqft)

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

Rents
Unit 302, each contractTypical one-bed in Mazaya - Shams
40K2014201820222026Typical rent by year: 2014 AED 52,000; 2015 AED 54,000; 2016 AED 52,500; 2017 AED 49,000; 2018 AED 43,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 27,000; 2022 AED 30,000; 2023 AED 35,000; 2024 AED 39,050; 2025 AED 45,000; 2026 AED 48,000New contract, August 2014: AED 50,000 a yearNew contract, July 2020: AED 28,000 a yearNew contract, July 2022: 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 - Shams, and where 302 sits

All 37 1-beds →

302 last sold in May 2009 at AED 705 per sqft, in line with what one-beds in Mazaya - Shams were fetching at the time (AED 700). Over the last 12 months one-beds sold for AED 470,000 to 690,000, around AED 739 per sqft, and rent for AED 35,000 to 80,000 a year. 302's AED 31,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 May 2026508,000
11 Feb 2026470,000
31 Jan 2026690,000
14 Jan 2026550,000
4 1-bed sales in the last 12 months

Mazaya - Shams

Building

60 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 8 sold in the last 12 months.

Typical price per sqft
AED 739
Typical sale
AED 775K
Typical rent
AED 54K /yr
Typical yield
7.9%
Mazaya - Shams, Liwan: prices, sales and rents →

Other units on the 3rd floor

All 60 units in Mazaya - Shams
Value
3012-bedAED 791K · May 2009
3031-bedAED 400K · Dec 2019
3041-bedAED 615K · Jul 2016
3051-bedAED 450K · Feb 2024
3061-bedAED 560K · Dec 2016
3071-bedAED 500K · Sep 2014
3081-bedAED 690K · Jan 2026
1–7 of 11

302, Mazaya - Shams in numbers

  • Sold once: by Al Mazaya Real Estate on 3 May 2009 for AED 539,333, or AED 705 per sqft.
  • Rented since August 2014 on 3 Ejari contracts. The rent fell from AED 50,000 to AED 28,000 in 2020 and recovered to AED 31,000 by July 2022.
  • At AED 31,000 a year the gross yield on the 2009 price is 5.8%, before a service charge of about AED 8,800 a year (AED 11.54 per sqft).
  • One-beds in Mazaya - Shams sold for AED 470,000–690,000 in the 12 months to November 2026; the building's median across all types is AED 739 per sqft.

Source: Dubai Land Department. Updated 15 July 2022.

Questions about 302, Mazaya - Shams

What did unit 302 last sell for?

AED 539,333 on 3 May 2009, sold by the developer: AED 705 per sqft for 764 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 31,000 a year on the contract signed on 15 July 2022. The previous contract, from July 2020, was AED 28,000; the unit has been rented since August 2014.

How big is unit 302?

764 sqft (71.0 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2014.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya - Shams sold for AED 470,000 to 690,000 in the last 12 months, around AED 739 per sqft.

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Mortgage on 302, Mazaya - Shams

Starts from the last sale price (AED 539K, 3 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 539,333
Deposit, UAE resident (20%)
AED 107,867
Deposit, non-resident (40%)
AED 215,733
Monthly over 25 years at 3.7%
AED 2,207

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