2-bed · 1,053 sqftMazaya 24, Liwan · 3rd floor · completed 2014

311, Mazaya 24

Sold prices and rental history: sold twice, last in June 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 1 March 2025
Last soldAED 600K5 June 2018
Current rentAED 65K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Mazaya 24

What is 311 worth today?

Last sold for AED 600,000 in 2018

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1 Mar 2025RentedNew contract
AED 65,000/yr12 months · AED 62 per sqft
25 May 2022RentedRenewal
AED 42,000/yr12 months · AED 40 per sqft
25 May 2021RentedRenewal
AED 38,000/yr12 months · AED 36 per sqft
25 May 2019RentedNew contract
AED 55,000/yr12 months · AED 52 per sqft
5 Jun 2018SoldReady
AED 600,000AED 569 per sqft
7 Feb 2009Sold by developerOff-plan
AED 765,114AED 726 per sqft

Source: Dubai Land Department. Updated 1 March 2025.

Key facts

Type
2-bed apartment
Size
1,053 sqft
Floor
3rd of 5
Parking
G-44
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 12,700 /yr
Last sold
AED 600K · June 2018
Building
Mazaya 24

About 311, Mazaya 24

311 is a two-bedroom apartment of 1,053 sqft on the 3rd floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 5 June 2018 for AED 600,000, or AED 569 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 March 2025, is AED 65,000 a year: a gross yield of 10.8% on the 2018 price, before the service charge of about AED 12,700 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Mazaya 24
400K600K800K20092013201720212025Typical sale price by year: 2009 AED 771,295; 2014 AED 762,000; 2015 AED 448,734; 2016 AED 582,500; 2024 AED 665,000Sold by developer, February 2009: AED 765,114 (AED 726 per sqft)Sold, June 2018: AED 600,000 (AED 569 per sqft)

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

Rents
Unit 311, each contractTypical two-bed in Mazaya 24
40K60K20142017202020232026Typical rent by year: 2014 AED 68,500; 2015 AED 70,000; 2016 AED 67,000; 2017 AED 60,000; 2018 AED 57,000; 2019 AED 48,000; 2020 AED 41,500; 2021 AED 35,000; 2022 AED 38,800; 2023 AED 48,000; 2024 AED 56,563; 2025 AED 62,500New contract, May 2019: AED 55,000 a yearRenewal, May 2021: AED 38,000 a yearRenewal, May 2022: AED 42,000 a yearNew contract, March 2025: AED 65,000 a year

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 311 sits

All 20 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
19 Nov 2024675,000
12 Jun 2024665,000
1 May 2024625,000
17 May 2023550,000
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 3rd floor

All 65 units in Mazaya 24
Value
3012-bedAED 383K · Feb 2015
3021-bedAED 555K · Nov 2016
3031-bedAED 400K · May 2024
3041-bedAED 485K · Jun 2024
3052-bedAED 760K · Feb 2009
3061-bedAED 410K · Dec 2017
307AED 394K · Feb 2009
1–7 of 12

311, Mazaya 24 in numbers

  • Sold twice: first on 7 February 2009 for AED 765,114, last on 5 June 2018 for AED 600,000 (AED 569 per sqft).
  • Rented since May 2019 on 4 Ejari contracts. The rent fell from AED 55,000 to AED 38,000 in 2021 and recovered to AED 65,000 by March 2025.
  • At AED 65,000 a year the gross yield on the 2018 price is 10.8%, before a service charge of about AED 12,700 a year (AED 12.09 per sqft).

Source: Dubai Land Department. Updated 1 March 2025.

Questions about 311, Mazaya 24

What did unit 311 last sell for?

AED 600,000 on 5 June 2018: AED 569 per sqft for 1,053 sqft. The unit has 2 registered sales; the first was AED 765,114 in February 2009.

What is the rent for unit 311?

AED 65,000 a year on the contract signed on 1 March 2025. The previous contract, from May 2022, was AED 42,000; the unit has been rented since May 2019.

How big is unit 311?

1,053 sqft (97.8 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2014.

What is unit 311 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 311, Mazaya 24

Starts from the last sale price (AED 600K, 5 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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