1401, Mazaya 03
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, Mazaya 03
What is 1401 worth today?
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Source: Dubai Land Department. Updated 25 February 2020.
Key facts
- Type
- Apartment
- Size
- 524 sqft
- Floor
- 14th of 14
- Parking
- G-47
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 3,900 /yr
- Last sold
- AED 399K · May 2009
- Building
- Mazaya 03
About 1401, Mazaya 03
1401 is an apartment of 524 sqft on the 14th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 4 May 2009 for AED 398,934, or AED 760 per sqft.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 25 February 2020, is AED 27,000 a year: a gross yield of 6.8% on the 2009 price, before the service charge of about AED 3,900 a year.
Mazaya 03
Building219 apartments, studios to 3-bed over 14 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 582
- Typical sale
- AED 499K
- Typical rent
- AED 50K /yr
- Typical yield
- 6.6%
Other units on the 14th floor
All 219 units in Mazaya 03| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | 638 sqft | AED 481KAED 481,493 · May 2009May 2009 | 26,000 /yr | ||
| 1403 | 898 sqft | AED 676KAED 675,684 · May 2009May 2009 | 32,000 /yr | ||
| 1404 | 925 sqft | AED 675KAED 675,078 · May 2009May 2009 | 30,000 /yr | ||
| 1405 | 1-bed | 952 sqft | AED 698KAED 697,705 · May 2009May 2009 | 30,000 /yr | |
| 1406 | 1-bed | 922 sqft | AED 668KAED 667,513 · May 2009May 2009 | 28,000 /yr | |
| 1407 | 538 sqft | AED 427KAED 426,578 · May 2009May 2009 | 22,000 /yr |
1401, Mazaya 03 in numbers
- Sold once: by Al Mazaya Real Estate on 4 May 2009 for AED 398,934, or AED 760 per sqft.
- Rented since April 2015 on 5 Ejari contracts, from AED 45,000 to AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2009 price is 6.8%, before a service charge of about AED 3,900 a year (AED 7.37 per sqft).
Source: Dubai Land Department. Updated 25 February 2020.
Questions about 1401, Mazaya 03
What did unit 1401 last sell for?
AED 398,934 on 4 May 2009, sold by the developer: AED 760 per sqft for 524 sqft. It is the only registered sale of the unit.
What is the rent for unit 1401?
AED 27,000 a year on the contract signed on 25 February 2020. The previous contract, from April 2018, was AED 40,000; the unit has been rented since April 2015.
How big is unit 1401?
524 sqft (48.7 sqm): an apartment on the 14th floor of a 14-storey tower completed in 2014.
What is unit 1401 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 1401, Mazaya 03
Starts from the last sale price (AED 399K, 4 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 398,934
- Deposit, UAE resident (20%)
- AED 79,787
- Deposit, non-resident (40%)
- AED 159,574
- Monthly over 25 years at 3.7%
- AED 1,632
Plus AED 19,665 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →