Home
Dubai prices
About
Research
2-bed · 1,214 sqftMazaya 03, Liwan · 5th floor · completed 2014

506, Mazaya 03

Sold prices and rental history: sold twice, last in August 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 1 July 2021
Last soldAED 760K2 August 2017
Current rentAED 36K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 506

Property timeline for 506, Mazaya 03

What is 506 worth today?

Last sold for AED 760,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jul 2021RentedNew contract
AED 36,000/yr12 months · AED 30 per sqft
2 Jul 2020RentedRenewal
AED 49,000/yr14 months · AED 40 per sqft
1 Jul 2019RentedNew contract
AED 48,869/yr12 months · AED 40 per sqft
2 Aug 2017SoldReady
AED 760,000AED 625 per sqft
15 May 2016RentedRenewal
AED 74,000/yr12 months · AED 61 per sqft
17 Jun 2015Sold by developerReady
AED 445,010AED 366 per sqft
15 May 2015RentedNew contract
AED 74,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 1 July 2021.

Key facts

Type
2-bed apartment
Size
1,214 sqft
Floor
5th of 14
Parking
B-69
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,900 /yr
Last sold
AED 760K · August 2017
Building
Mazaya 03

About 506, Mazaya 03

506 is a two-bedroom apartment of 1,214 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 2 August 2017 for AED 760,000, or AED 625 per sqft, 5% below the AED 655 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 July 2021, is AED 36,000 a year: a gross yield of 4.7% on the 2017 price, before the service charge of about AED 8,900 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Mazaya 03
400K600K800K2009201420192024Typical sale price by year: 2009 AED 884,813; 2013 AED 479,859; 2015 AED 468,271; 2016 AED 775,000; 2017 AED 760,000; 2018 AED 785,000; 2019 AED 580,000; 2021 AED 500,000; 2026 AED 700,000Sold by developer, June 2015: AED 445,010 (AED 366 per sqft)Sold, August 2017: AED 760,000 (AED 625 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in Mazaya 03
40K60K80K2015201820212024Typical rent by year: 2015 AED 74,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 53,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 41,000; 2024 AED 55,000New contract, May 2015: AED 74,000 a yearRenewal, May 2016: AED 74,000 a yearNew contract, July 2019: AED 48,869 a yearRenewal, July 2020: AED 49,000 a yearNew contract, July 2021: AED 36,000 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 03, and where 506 sits

All 58 2-beds →

506 last sold in August 2017 at AED 625 per sqft, 5% below what two-beds in Mazaya 03 were fetching at the time (AED 655). Over the last 12 months two-beds sold for AED 680,000 to 700,000, around AED 561 per sqft, and rent for AED 50,000 to 50,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
12 May 2026700,000
29 Apr 2026700,000
13 Feb 2026680,000
30 Mar 2022452,000
3 2-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
5011-bedAED 228K · Sep 2016
5021-bedAED 365K · Mar 2019
5031-bedAED 249K · Jun 2015
5041-bedAED 449K · May 2009
5052-bedAED 680K · Feb 2026
5071-bedAED 341K · Jul 2015
5081-bedAED 342K · Jul 2015
1–7 of 18

506, Mazaya 03 in numbers

  • Sold twice: first on 17 June 2015 for AED 445,010, last on 2 August 2017 for AED 760,000 (AED 625 per sqft).
  • Rented since May 2015 on 5 Ejari contracts, from AED 74,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2017 price is 4.7%, before a service charge of about AED 8,900 a year (AED 7.37 per sqft).
  • Two-beds in Mazaya 03 sold for AED 680,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 571 per sqft.

Source: Dubai Land Department. Updated 1 July 2021.

Questions about 506, Mazaya 03

What did unit 506 last sell for?

AED 760,000 on 2 August 2017: AED 625 per sqft for 1,214 sqft. The unit has 2 registered sales; the first was AED 445,010 in June 2015.

What is the rent for unit 506?

AED 36,000 a year on the contract signed on 1 July 2021. The previous contract, from July 2020, was AED 49,000; the unit has been rented since May 2015.

How big is unit 506?

1,214 sqft (112.8 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 03 sold for AED 680,000 to 700,000 in the last 12 months, around AED 561 per sqft.

Selling 506? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 506, Mazaya 03

Starts from the last sale price (AED 760K, 2 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 760,000
Deposit, UAE resident (20%)
AED 152,000
Deposit, non-resident (40%)
AED 304,000
Monthly over 25 years at 3.7%
AED 3,109

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