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1-bed · 893 sqftMazaya 03, Liwan · 5th floor · completed 2014

508, Mazaya 03

Sold prices and rental history: sold once, by the developer in July 2015, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 2 March 2021
Last soldAED 342K20 July 2015
Current rentAED 28K /yr2 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Mazaya 03

What is 508 worth today?

Last sold for AED 342,140 in 2015

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2 Mar 2021RentedNew contract
AED 28,000/yr12 months · AED 31 per sqft
1 Jan 2019RentedNew contract
AED 40,000/yr12 months · AED 45 per sqft
30 Sep 2017RentedNew contract
AED 52,000/yr12 months · AED 58 per sqft
20 Jul 2015Sold by developerReady
AED 342,140AED 382 per sqft

Source: Dubai Land Department. Updated 2 March 2021.

Key facts

Type
1-bed apartment
Size
893 sqft
Floor
5th of 14
Parking
G-102
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 6,600 /yr
Last sold
AED 342K · July 2015
Building
Mazaya 03

About 508, Mazaya 03

508 is a one-bedroom apartment of 893 sqft on the 5th floor of Mazaya 03, a 14-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 20 July 2015 for AED 342,140, or AED 382 per sqft, in line with the AED 374 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 2 March 2021, is AED 28,000 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 6,600 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical one-bed in Mazaya 03
300K400K500K2009201420192024Typical 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, July 2015: AED 342,140 (AED 382 per sqft)

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

Rents
Unit 508, 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, September 2017: AED 52,000 a yearNew contract, January 2019: AED 40,000 a yearNew contract, March 2021: AED 28,000 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 508 sits

All 147 1-beds →

508 last sold in July 2015 at AED 382 per sqft, in line with what one-beds in Mazaya 03 were fetching at the time (AED 374). 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
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
5062-bedAED 760K · Aug 2017
5071-bedAED 341K · Jul 2015
1–7 of 18

508, Mazaya 03 in numbers

  • Sold once: by Al Mazaya Real Estate on 20 July 2015 for AED 342,140, or AED 382 per sqft.
  • Rented since September 2017 on 3 Ejari contracts, from AED 52,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2015 price is 8.2%, before a service charge of about AED 6,600 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 2 March 2021.

Questions about 508, Mazaya 03

What did unit 508 last sell for?

AED 342,140 on 20 July 2015, sold by the developer: AED 382 per sqft for 893 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 28,000 a year on the contract signed on 2 March 2021. The previous contract, from January 2019, was AED 40,000; the unit has been rented since September 2017.

How big is unit 508?

893 sqft (83.0 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2014.

What is unit 508 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 508, Mazaya 03

Starts from the last sale price (AED 342K, 20 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 342,140
Deposit, UAE resident (20%)
AED 68,428
Deposit, non-resident (40%)
AED 136,856
Monthly over 25 years at 3.7%
AED 1,400

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