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1-bed · 521 sqftMazaya 03, Liwan · 5th floor · completed 2014

501, Mazaya 03

Sold prices and rental history: sold twice, last in September 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 24 February 2020
Last soldAED 228K6 September 2016
Current rentAED 30K /yr24 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Mazaya 03

What is 501 worth today?

Last sold for AED 227,500 in 2016

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24 Feb 2020RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
1 Feb 2019RentedRenewal
AED 40,000/yr12 months · AED 77 per sqft
1 Feb 2017RentedNew contract
AED 45,000/yr12 months · AED 87 per sqft
6 Sep 2016SoldReady
AED 227,500AED 436 per sqft
5 May 2009Sold by developerOff-plan
AED 383,274AED 735 per sqft

Source: Dubai Land Department. Updated 24 February 2020.

Key facts

Type
1-bed apartment
Size
521 sqft
Floor
5th of 14
Parking
G-46
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 3,800 /yr
Last sold
AED 228K · September 2016
Building
Mazaya 03

About 501, Mazaya 03

501 is a one-bedroom apartment of 521 sqft on the 5th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 6 September 2016 for AED 227,500, or AED 436 per sqft, 37% below the AED 694 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 24 February 2020, is AED 30,000 a year: a gross yield of 13.2% on the 2016 price, before the service charge of about AED 3,800 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical one-bed in Mazaya 03
200K400K2009201420192024Typical sale price by year: 2009 AED 461,258; 2013 AED 491,929; 2014 AED 457,725; 2015 AED 321,081; 2016 AED 450,000; 2017 AED 475,000; 2018 AED 400,000; 2019 AED 375,000; 2021 AED 310,000; 2025 AED 378,327; 2026 AED 450,000Sold by developer, May 2009: AED 383,274 (AED 735 per sqft)Sold, September 2016: AED 227,500 (AED 436 per sqft)

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

Rents
Unit 501, each contractTypical one-bed in Mazaya 03
40K20152017201920212023Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 47,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 29,000; 2021 AED 25,000; 2022 AED 25,650New contract, February 2017: AED 45,000 a yearRenewal, February 2019: AED 40,000 a yearNew contract, February 2020: AED 30,000 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 03, and where 501 sits

All 147 1-beds →

501 last sold in September 2016 at AED 436 per sqft, 37% below what one-beds in Mazaya 03 were fetching at the time (AED 694). Over the last 12 months one-beds sold for AED 380,000 to 520,000, around AED 624 per sqft, and rent for AED 40,000 to 50,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jun 2026515,000
30 Apr 2026410,270
4 Apr 2026400,000
31 Jan 2026450,000
7 1-bed sales in the last 12 months

Mazaya 03

Building

219 apartments, studios to 3-bed over 14 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 11 sold in the last 12 months.

Typical price per sqft
AED 571
Typical sale
AED 515K
Typical rent
AED 50K /yr
Typical yield
7.1%
Mazaya 03, Liwan: prices, sales and rents →

Other units on the 5th floor

All 219 units in Mazaya 03
Value
5021-bedAED 365K · Mar 2019
5031-bedAED 249K · Jun 2015
5041-bedAED 449K · May 2009
5052-bedAED 680K · Feb 2026
5062-bedAED 760K · Aug 2017
5071-bedAED 341K · Jul 2015
5081-bedAED 342K · Jul 2015
1–7 of 18

501, Mazaya 03 in numbers

  • Sold twice: first on 5 May 2009 for AED 383,274, last on 6 September 2016 for AED 227,500 (AED 436 per sqft).
  • Rented since February 2017 on 3 Ejari contracts, from AED 45,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2016 price is 13.2%, before a service charge of about AED 3,800 a year (AED 7.37 per sqft).
  • One-beds in Mazaya 03 sold for AED 380,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 571 per sqft.

Source: Dubai Land Department. Updated 24 February 2020.

Questions about 501, Mazaya 03

What did unit 501 last sell for?

AED 227,500 on 6 September 2016: AED 436 per sqft for 521 sqft. The unit has 2 registered sales; the first was AED 383,274 in May 2009.

What is the rent for unit 501?

AED 30,000 a year on the contract signed on 24 February 2020. The previous contract, from February 2019, was AED 40,000; the unit has been rented since February 2017.

How big is unit 501?

521 sqft (48.4 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 03 sold for AED 380,000 to 520,000 in the last 12 months, around AED 624 per sqft.

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Mortgage on 501, Mazaya 03

Starts from the last sale price (AED 228K, 6 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 227,500
Deposit, UAE resident (20%)
AED 45,500
Deposit, non-resident (40%)
AED 91,000
Monthly over 25 years at 3.7%
AED 931

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