2-bed · 1,053 sqftMazaya 24, Liwan · 1st floor · completed 2014

111, Mazaya 24

Sold prices and rental history: sold twice, last in November 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 111 · DLD and Ejari recordsUpdated 5 August 2023

Last soldAED 400K21 November 2016

Current rentAED 50K /yr5 August 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 111, Mazaya 24

Today

What is 111 worth today?

Last sold for AED 400,000 in 2016

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5 Aug 2023

5 Aug 2023RentedNew contract

AED 50,000/yr12 months · AED 47 per sqft

20 May 2019

20 May 2019RentedRenewal

AED 48,000/yr6 months · AED 46 per sqft

20 May 2018

20 May 2018RentedNew contract

AED 45,000/yr12 months · AED 43 per sqft

21 Nov 2016

21 Nov 2016SoldReady

AED 400,000AED 379 per sqft

30 Nov 2015

30 Nov 2015Sold by developerReady

AED 356,407AED 338 per sqft

Source: Dubai Land Department. Updated 5 August 2023.

Key facts

Type: 2-bed apartment
Size: 1,053 sqft
Floor: 1st of 5
Parking: G-45
Developer: Al Mazaya Real Estate
Completed: 2014
Service charge: AED 12,700 /yr
Last sold: AED 400K · November 2016
Building: Mazaya 24

About 111, Mazaya 24

111 is a two-bedroom apartment of 1,053 sqft on the 1st floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 21 November 2016 for AED 400,000, or AED 379 per sqft, 5% below the AED 398 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 5 August 2023, is AED 50,000 a year: a gross yield of 12.5% on the 2016 price, before the service charge of about AED 12,700 a year.

Sales and rents for 111 over time

Sales

Unit 111, each saleTypical two-bed in Mazaya 24

111 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 111, each contractTypical two-bed in Mazaya 24

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

2-beds in Mazaya 24, and where 111 sits

All 20 2-beds →

Mazaya 24 · all types877 /sqft

111 last sold in November 2016 at AED 379 per sqft, 5% below what two-beds in Mazaya 24 were fetching at the time (AED 398).

Recent 2-bed sales	Size	Price (AED)	Per sqft
19 Nov 202419 November 2024	1,054 sqft	675,000	640
12 Jun 202412 June 2024	1,054 sqft	665,000	630
1 May 20241 May 2024	1,042 sqft	625,000	599
17 May 202317 May 2023	1,053 sqft	550,000	522

0 2-bed sales in the last 12 months

Mazaya 24

Building

65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 4 sold in the last 12 months.

Typical price per sqft: AED 877
Typical sale: AED 500K
Typical rent: AED 45K /yr
Typical yield: 8.7%

Mazaya 24, Liwan: prices, sales and rents →

Other units on the 1st floor

All 65 units in Mazaya 24


101	2-bed	1,040 sqft	AED 766KAED 766,248 · Dec 2014December 2014	48,000 /yr
102	1-bed	728 sqft	AED 275KAED 275,000 · May 2015May 2015	38,722 /yr
103	1-bed	720 sqft	AED 580KAED 580,000 · Dec 2014December 2014	33,000 /yr
104	1-bed	723 sqft	AED 493KAED 493,120 · Mar 2009March 2009	35,000 /yr
105	2-bed	1,042 sqft	AED 625KAED 625,000 · May 2024May 2024	66,000 /yr
106	1-bed	567 sqft	AED 560KAED 560,000 · Feb 2026February 2026	31,050 /yr
107	1-bed	570 sqft	AED 550KAED 550,000 · Jan 2026January 2026	44,000 /yr
108	2-bed	1,054 sqft	AED 762KAED 762,000 · Mar 2016March 2016	60,000 /yr
109	1-bed	928 sqft	AED 650KAED 650,000 · Nov 2024November 2024	34,650 /yr
110	1-bed	929 sqft	No registered sale	73,000 /yr
112	1-bed	571 sqft	AED 300KAED 300,000 · Apr 2024April 2024	37,044 /yr
113	1-bed	565 sqft	AED 398KAED 398,345 · Jan 2015January 2015	45,000 /yr

1–7 of 12

111, Mazaya 24 in numbers

Sold twice: first on 30 November 2015 for AED 356,407, last on 21 November 2016 for AED 400,000 (AED 379 per sqft).
Rented since May 2018 on 3 Ejari contracts, from AED 45,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2016 price is 12.5%, before a service charge of about AED 12,700 a year (AED 12.09 per sqft).

Source: Dubai Land Department. Updated 5 August 2023.

Questions about 111, Mazaya 24

What did unit 111 last sell for?

AED 400,000 on 21 November 2016: AED 379 per sqft for 1,053 sqft. The unit has 2 registered sales; the first was AED 356,407 in November 2015.

What is the rent for unit 111?

AED 50,000 a year on the contract signed on 5 August 2023. The previous contract, from May 2019, was AED 48,000; the unit has been rented since May 2018.

How big is unit 111?

1,053 sqft (97.8 sqm): a two-bedroom apartment on the 1st floor of a 5-storey tower completed in 2014.

What is unit 111 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 111, Mazaya 24

Starts from the last sale price (AED 400K, 21 November 2016). Switch to today's estimate once you have unlocked it.

Price: AED 400,000
Deposit, UAE resident (20%): AED 80,000
Deposit, non-resident (40%): AED 160,000
Monthly over 25 years at 3.7%: AED 1,637

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