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1-bed · 1,067 sqftMazaya - Tala 2 (Queue Point - R098), Liwan · 3rd floor · completed 2014

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

Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 10 September 2020
Last soldAED 500K10 September 2020
Current rentAED 47K /yr25 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Mazaya - Tala 2 (Queue Point - R098)

What is 311 worth today?

Last sold for AED 500,000 in 2020

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10 Sep 2020Sold by developerReady
AED 500,000AED 468 per sqft
25 Jun 2018RentedNew contract
AED 47,000/yr12 months · AED 44 per sqft
25 Jun 2017RentedNew contract
AED 50,000/yr12 months · AED 47 per sqft
1 Apr 2016RentedNew contract
AED 60,000/yr12 months · AED 56 per sqft
30 Dec 2014RentedNew contract
AED 57,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 10 September 2020.

Key facts

Type
1-bed apartment
Size
1,067 sqft
Floor
3rd of 6
Parking
G-42
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 12,800 /yr
Last sold
AED 500K · September 2020
Building
Mazaya - Tala 2 (Queue Point - R098)

About 311, Mazaya - Tala 2 (Queue Point - R098)

311 is a one-bedroom apartment of 1,067 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 10 September 2020 for AED 500,000, or AED 468 per sqft, in line with the AED 468 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 25 June 2018, is AED 47,000 a year: a gross yield of 9.4% on the 2020 price, before the service charge of about AED 12,800 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical one-bed in Mazaya - Tala 2 (Queue Point - R098)
300K400K500K2009201320172021Typical 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, September 2020: AED 500,000 (AED 468 per sqft)

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

Rents
Unit 311, each contractTypical one-bed in Mazaya - Tala 2 (Queue Point - R098)
20K40K60K20142017202020232026Typical 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, December 2014: AED 57,000 a yearNew contract, April 2016: AED 60,000 a yearNew contract, June 2017: AED 50,000 a yearNew contract, June 2018: AED 47,000 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 311 sits

All 36 1-beds →

311 last sold in September 2020 at AED 468 per sqft, in line with what one-beds in Mazaya - Tala 2 (Queue Point - R098) were fetching at the time (AED 468).

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
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
1–7 of 11

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

  • Sold once: by Al Mazaya Real Estate on 10 September 2020 for AED 500,000, or AED 468 per sqft.
  • Rented since December 2014 on 4 Ejari contracts, from AED 57,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2020 price is 9.4%, before a service charge of about AED 12,800 a year (AED 11.98 per sqft).

Source: Dubai Land Department. Updated 10 September 2020.

Questions about 311, Mazaya - Tala 2 (Queue Point - R098)

What did unit 311 last sell for?

AED 500,000 on 10 September 2020, sold by the developer: AED 468 per sqft for 1,067 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 47,000 a year on the contract signed on 25 June 2018. The previous contract, from June 2017, was AED 50,000; the unit has been rented since December 2014.

How big is unit 311?

1,067 sqft (99.1 sqm): a one-bedroom apartment on the 3rd floor of a 6-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 - Tala 2 (Queue Point - R098)

Starts from the last sale price (AED 500K, 10 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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