3-bed · 1,702 sqftMazaya 13, Liwan · 5th floor · completed 2014

503, Mazaya 13

Sold prices and rental history: sold 4 times, last in September 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 13 September 2024
Last soldAED 1.25M13 September 2024
Current rentAED 60K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Mazaya 13

What is 503 worth today?

Last sold for AED 1,250,000 in 2024

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13 Sep 2024SoldReady
AED 1,250,000AED 734 per sqft
1 Jun 2021RentedRenewal
AED 60,000/yr12 months · AED 35 per sqft
1 Mar 2019RentedRenewal
AED 85,000/yr12 months · AED 50 per sqft
11 Jan 2017SoldReady
AED 1,070,000AED 628 per sqft
5 Dec 2014RentedNew contract
AED 110,000/yr12 months · AED 65 per sqft
30 Oct 2014SoldReady
AED 613,995AED 360 per sqft
19 Dec 2011Sold by developerOff-plan
AED 613,995AED 360 per sqft

Source: Dubai Land Department. Updated 13 September 2024.

Key facts

Type
3-bed apartment
Size
1,702 sqft
Floor
5th of 6
Parking
G-18,G-19
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 23,200 /yr
Last sold
AED 1.25M · September 2024
Building
Mazaya 13

About 503, Mazaya 13

503 is a three-bedroom apartment of 1,702 sqft on the 5th floor of Mazaya 13, a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 13 September 2024 for AED 1,250,000, or AED 734 per sqft, 3% above the AED 710 three-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 1 June 2021, is AED 60,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 23,200 a year.

Sales and rents for 503 over time

Rents
Unit 503, each contractTypical three-bed in Mazaya 13
75K100K20142016201820202022Typical rent by year: 2014 AED 105,000; 2019 AED 81,925; 2021 AED 60,000New contract, December 2014: AED 110,000 a yearRenewal, March 2019: AED 85,000 a yearRenewal, June 2021: 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 13, and where 503 sits

All 6 3-beds →

503 last sold in September 2024 at AED 734 per sqft, 3% above what three-beds in Mazaya 13 were fetching at the time (AED 710).

Recent 3-bed salesUnit no.Price (AED)Summary
24 Apr 20251,088,000
7 Jun 20241,210,000
2 Nov 2023970,000
7 Jul 2022810,000
0 3-bed sales in the last 12 months

Mazaya 13

Building

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

Typical price per sqft
AED 917
Typical sale
AED 630K
Typical rent
AED 57K /yr
Typical yield
7.0%
Mazaya 13, Liwan: prices, sales and rents →

Other units on the 5th floor

All 50 units in Mazaya 13
Value
5012-bedAED 760K · Nov 2016
5023-bedAED 696K · Mar 2015
5042-bedAED 870K · Mar 2018
5052-bedAED 546K · Dec 2014

503, Mazaya 13 in numbers

  • Sold 4 times: first on 19 December 2011 for AED 613,995, last on 13 September 2024 for AED 1,250,000 (AED 734 per sqft).
  • Rented since December 2014 on 3 Ejari contracts, from AED 110,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 23,200 a year (AED 13.61 per sqft).

Source: Dubai Land Department. Updated 13 September 2024.

Questions about 503, Mazaya 13

What did unit 503 last sell for?

AED 1,250,000 on 13 September 2024: AED 734 per sqft for 1,702 sqft. The unit has 4 registered sales; the first was AED 613,995 in December 2011.

What is the rent for unit 503?

AED 60,000 a year on the contract renewed on 1 June 2021. The previous contract, from March 2019, was AED 85,000; the unit has been rented since December 2014.

How big is unit 503?

1,702 sqft (158.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.

What is unit 503 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 503, Mazaya 13

Starts from the last sale price (AED 1.25M, 13 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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