1-bed · 1,065 sqftMazaya - Tala 2 (Queue Point - R098), Liwan · 3rd floor · completed 2014

302, Mazaya - Tala 2 (Queue Point - R098)

Sold prices and rental history: sold once, by the developer in July 2020, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 443K26 July 2020
Current rentAED 42K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Mazaya - Tala 2 (Queue Point - R098)

What is 302 worth today?

Last sold for AED 443,000 in 2020

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1 Aug 2021RentedRenewal
AED 42,000/yr12 months · AED 39 per sqft
1 Aug 2020RentedNew contract
AED 42,000/yr12 months · AED 39 per sqft
26 Jul 2020Sold by developerReady
AED 443,000AED 416 per sqft
1 Feb 2018RentedNew contract
AED 52,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
1-bed apartment
Size
1,065 sqft
Floor
3rd of 6
Parking
G-2
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 12,800 /yr
Last sold
AED 443K · July 2020

About 302, Mazaya - Tala 2 (Queue Point - R098)

302 is a one-bedroom apartment of 1,065 sqft on the 3rd floor of Mazaya - Tala 2 (Queue Point - R098), a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 26 July 2020 for AED 443,000, or AED 416 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 42,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 12,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical one-bed in Mazaya - Tala 2 (Queue Point - R098)
300K400K2009201320172021Typical sale price by year: 2009 AED 425,899; 2014 AED 464,604; 2015 AED 386,470; 2019 AED 350,000; 2020 AED 443,000; 2022 AED 310,000Sold by developer, July 2020: AED 443,000 (AED 416 per sqft)

302 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 302, each contractTypical one-bed in Mazaya - Tala 2 (Queue Point - R098)
40K20142017202020232026Typical rent by year: 2014 AED 48,000; 2015 AED 49,000; 2016 AED 48,000; 2017 AED 48,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 28,500; 2021 AED 26,000; 2022 AED 28,000; 2023 AED 35,100; 2024 AED 38,981; 2025 AED 45,000New contract, February 2018: AED 52,000 a yearNew contract, August 2020: AED 42,000 a yearRenewal, August 2021: AED 42,000 a year

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

1-beds in Mazaya - Tala 2 (Queue Point - R098), and where 302 sits

All 36 1-beds →
Recent 1-bed salesUnit no.Price (AED)Summary
7 Dec 2023270,000
7 Aug 2023390,000
26 Jul 2022228,500
17 May 2022310,000
0 1-bed sales in the last 12 months

Mazaya - Tala 2 (Queue Point - R098)

Building

55 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 752
Typical sale
AED 850K
Typical rent
AED 82K /yr
Typical yield
9.9%
Mazaya - Tala 2 (Queue Point - R098), Liwan: prices, sales and rents →
Value
3011-bedAED 470K · Apr 2022
3031-bedAED 392K · Apr 2009
3041-bedAED 586K · Dec 2014
3052-bedAED 490K · Dec 2022
3061-bedAED 530K · Jan 2015
3071-bedAED 432K · Dec 2014
3082-bedAED 450K · Jul 2022
1–7 of 11

302, Mazaya - Tala 2 (Queue Point - R098) in numbers

  • Sold once: by Al Mazaya Real Estate on 26 July 2020 for AED 443,000, or AED 416 per sqft.
  • Rented since February 2018 on 3 Ejari contracts, from AED 52,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 12,800 a year (AED 11.98 per sqft).

Source: Dubai Land Department. Updated 1 August 2021.

Questions about 302, Mazaya - Tala 2 (Queue Point - R098)

What did unit 302 last sell for?

AED 443,000 on 26 July 2020, sold by the developer: AED 416 per sqft for 1,065 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 42,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 42,000; the unit has been rented since February 2018.

How big is unit 302?

1,065 sqft (98.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2014.

What is unit 302 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 302, Mazaya - Tala 2 (Queue Point - R098)

Starts from the last sale price (AED 443K, 26 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 443,000
Deposit, UAE resident (20%)
AED 88,600
Deposit, non-resident (40%)
AED 177,200
Monthly over 25 years at 3.7%
AED 1,812

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