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1-bed · 563 sqftMazaya - Tala 2 (Queue Point - R098), Liwan · 3rd floor · completed 2014

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

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 10 December 2022
Last soldAED 392K8 April 2009
Current rentAED 30K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Mazaya - Tala 2 (Queue Point - R098)

What is 303 worth today?

Last sold for AED 392,326 in 2009

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10 Dec 2022RentedNew contract
AED 29,500/yr12 months · AED 52 per sqft
1 Dec 2019RentedNew contract
AED 31,000/yr12 months · AED 55 per sqft
25 Oct 2018RentedRenewal
AED 36,000/yr12 months · AED 64 per sqft
25 Oct 2017RentedNew contract
AED 42,000/yr12 months · AED 75 per sqft
8 Apr 2009Sold by developerOff-plan
AED 392,326AED 696 per sqft

Source: Dubai Land Department. Updated 10 December 2022.

Key facts

Type
1-bed apartment
Size
563 sqft
Floor
3rd of 6
Parking
G-24
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,700 /yr
Last sold
AED 392K · April 2009
Building
Mazaya - Tala 2 (Queue Point - R098)

About 303, Mazaya - Tala 2 (Queue Point - R098)

303 is a one-bedroom apartment of 563 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 8 April 2009 for AED 392,326, or AED 696 per sqft, in line with the AED 686 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 10 December 2022, is AED 29,500 a year: a gross yield of 7.5% on the 2009 price, before the service charge of about AED 6,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, April 2009: AED 392,326 (AED 696 per sqft)

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

Rents
Unit 303, 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, October 2017: AED 42,000 a yearRenewal, October 2018: AED 36,000 a yearNew contract, December 2019: AED 31,000 a yearNew contract, December 2022: AED 29,500 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 303 sits

All 36 1-beds →

303 last sold in April 2009 at AED 696 per sqft, in line with what one-beds in Mazaya - Tala 2 (Queue Point - R098) were fetching at the time (AED 686).

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 →

Other units on the 3rd floor

All 55 units in Mazaya - Tala 2 (Queue Point - R098)
Value
3011-bedAED 470K · Apr 2022
3021-bedAED 443K · Jul 2020
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

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

  • Sold once: by Al Mazaya Real Estate on 8 April 2009 for AED 392,326, or AED 696 per sqft.
  • Rented since October 2017 on 4 Ejari contracts, from AED 42,000 to AED 29,500 a year.
  • At AED 29,500 a year the gross yield on the 2009 price is 7.5%, before a service charge of about AED 6,700 a year (AED 11.98 per sqft).

Source: Dubai Land Department. Updated 10 December 2022.

Questions about 303, Mazaya - Tala 2 (Queue Point - R098)

What did unit 303 last sell for?

AED 392,326 on 8 April 2009, sold by the developer: AED 696 per sqft for 563 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 29,500 a year on the contract signed on 10 December 2022. The previous contract, from December 2019, was AED 31,000; the unit has been rented since October 2017.

How big is unit 303?

563 sqft (52.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2014.

What is unit 303 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 303, Mazaya - Tala 2 (Queue Point - R098)

Starts from the last sale price (AED 392K, 8 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 392,326
Deposit, UAE resident (20%)
AED 78,465
Deposit, non-resident (40%)
AED 156,930
Monthly over 25 years at 3.7%
AED 1,605

Plus AED 19,388 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →