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3-bed · 1,692 sqftMazaya 04, Liwan · 6th floor · completed 2014

615, Mazaya 04

Sold prices and rental history: sold 3 times, last in May 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 4 January 2020
Last soldAED 1.13M25 May 2016
Current rentAED 60K /yr4 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, Mazaya 04

What is 615 worth today?

Last sold for AED 1,125,000 in 2016

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4 Jan 2020RentedNew contract
AED 60,000/yr12 months · AED 35 per sqft
9 Jun 2019RentedRenewal
AED 70,000/yr12 months · AED 41 per sqft
9 Jun 2018RentedNew contract
AED 80,000/yr12 months · AED 47 per sqft
10 Jun 2016RentedNew contract
AED 100,000/yr12 months · AED 59 per sqft
25 May 2016SoldReady
AED 1,125,000AED 664 per sqft
24 Mar 2016SoldReady
AED 1,000,000AED 590 per sqft
8 Apr 2009Sold by developerOff-plan
AED 1,209,965AED 714 per sqft

Source: Dubai Land Department. Updated 4 January 2020.

Key facts

Type
3-bed apartment
Size
1,692 sqft
Floor
6th of 13
Parking
B-12
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 9,300 /yr
Last sold
AED 1.13M · May 2016
Building
Mazaya 04

About 615, Mazaya 04

615 is a three-bedroom apartment of 1,692 sqft on the 6th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 25 May 2016 for AED 1,125,000, or AED 664 per sqft, 84% above the AED 360 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 4 January 2020, is AED 60,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 9,300 a year.

Sales and rents for 615 over time

Sales
Unit 615, each saleTypical three-bed in Mazaya 04
500K1M2009201120132015Typical sale price by year: 2009 AED 1,218,797; 2015 AED 609,399Sold by developer, April 2009: AED 1,209,965 (AED 714 per sqft)Sold, March 2016: AED 1,000,000 (AED 590 per sqft)Sold, May 2016: AED 1,125,000 (AED 664 per sqft)

615 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 615, each contractTypical three-bed in Mazaya 04
50K75K100K2015201720192021Typical rent by year: 2015 AED 105,000; 2017 AED 95,000; 2018 AED 80,000; 2019 AED 69,000; 2020 AED 60,000; 2021 AED 52,000New contract, June 2016: AED 100,000 a yearNew contract, June 2018: AED 80,000 a yearRenewal, June 2019: AED 70,000 a yearNew contract, January 2020: AED 60,000 a year

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

3-beds in Mazaya 04, and where 615 sits

All 16 3-beds →

615 last sold in May 2016 at AED 664 per sqft, 84% above what three-beds in Mazaya 04 were fetching at the time (AED 360).

Recent 3-bed salesUnit no.Price (AED)Summary
13 May 2022790,000
9 Feb 2022680,000
3 Jan 2021720,000
16 Dec 2019900,000
0 3-bed sales in the last 12 months

Mazaya 04

Building

216 apartments, 1-bed to 3-bed over 13 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 8 sold in the last 12 months.

Typical price per sqft
AED 529
Typical sale
AED 417K
Typical rent
AED 50K /yr
Typical yield
17.3%
Mazaya 04, Liwan: prices, sales and rents →

Other units on the 6th floor

All 216 units in Mazaya 04
Value
6011-bedAED 300K · Mar 2023
6022-bedAED 377K · Jun 2015
6032-bedAED 410K · Feb 2015
6041-bedAED 194K · Apr 2019
6051-bedAED 388K · Mar 2009
6061-bedAED 600K · May 2015
6071-bedAED 392K · Feb 2015
1–7 of 16

615, Mazaya 04 in numbers

  • Sold 3 times: first on 8 April 2009 for AED 1,209,965, last on 25 May 2016 for AED 1,125,000 (AED 664 per sqft).
  • Rented since June 2016 on 4 Ejari contracts, from AED 100,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 9,300 a year (AED 5.49 per sqft).

Source: Dubai Land Department. Updated 4 January 2020.

Questions about 615, Mazaya 04

What did unit 615 last sell for?

AED 1,125,000 on 25 May 2016: AED 664 per sqft for 1,692 sqft. The unit has 3 registered sales; the first was AED 1,209,965 in April 2009.

What is the rent for unit 615?

AED 60,000 a year on the contract signed on 4 January 2020. The previous contract, from June 2019, was AED 70,000; the unit has been rented since June 2016.

How big is unit 615?

1,692 sqft (157.2 sqm): a three-bedroom apartment on the 6th floor of a 13-storey tower completed in 2014.

What is unit 615 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 615, Mazaya 04

Starts from the last sale price (AED 1.13M, 25 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

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