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2-bed · 1,029 sqftMazaya 04, Liwan · 5th floor · completed 2014

502, Mazaya 04

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 12 June 2022
Last soldAED 613K24 December 2014
Current rentAED 40K /yr12 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Mazaya 04

What is 502 worth today?

Last sold for AED 612,694 in 2014

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12 Jun 2022RentedNew contract
AED 40,000/yr12 months · AED 39 per sqft
20 Mar 2021RentedNew contract
AED 35,000/yr12 months · AED 34 per sqft
20 Mar 2020RentedNew contract
AED 40,000/yr12 months · AED 39 per sqft
1 Feb 2016RentedRenewal
AED 67,000/yr12 months · AED 65 per sqft
1 Feb 2015RentedNew contract
AED 67,000/yr12 months · AED 65 per sqft
24 Dec 2014Sold by developerReady
AED 612,694AED 595 per sqft

Source: Dubai Land Department. Updated 12 June 2022.

Key facts

Type
2-bed apartment
Size
1,029 sqft
Floor
5th of 13
Parking
B-55
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 5,600 /yr
Last sold
AED 613K · December 2014
Building
Mazaya 04

About 502, Mazaya 04

502 is a two-bedroom apartment of 1,029 sqft on the 5th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 24 December 2014 for AED 612,694, or AED 595 per sqft, 18% below the AED 723 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 12 June 2022, is AED 40,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 5,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Mazaya 04
400K600K800K2009201420192024Typical sale price by year: 2009 AED 794,680; 2014 AED 576,631; 2015 AED 529,590; 2016 AED 750,000; 2017 AED 700,000; 2018 AED 725,000; 2020 AED 540,000; 2021 AED 455,000; 2026 AED 585,000Sold by developer, December 2014: AED 612,694 (AED 595 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Mazaya 04
50K75K2014201720202023Typical rent by year: 2014 AED 80,000; 2015 AED 72,000; 2016 AED 71,000; 2017 AED 65,000; 2018 AED 60,000; 2019 AED 48,000; 2020 AED 42,500; 2021 AED 38,000; 2022 AED 40,000New contract, February 2015: AED 67,000 a yearRenewal, February 2016: AED 67,000 a yearNew contract, March 2020: AED 40,000 a yearNew contract, March 2021: AED 35,000 a yearNew contract, June 2022: AED 40,000 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 04, and where 502 sits

All 60 2-beds →

502 last sold in December 2014 at AED 595 per sqft, 18% below what two-beds in Mazaya 04 were fetching at the time (AED 723). Over the last 12 months two-beds sold for AED 540,645 to 705,052, around AED 506 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 2026620,000
21 Sep 2026540,645
17 Feb 2026705,052
19 Jan 2026550,000
4 2-bed sales in the last 12 months

Mazaya 04

Building

216 apartments, 1-bed to 3-bed over 13 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 23 sold in the last 12 months.

Typical price per sqft
AED 557 Up 1.5%
Typical sale
AED 340K
Typical rent
AED 53K /yr
Typical yield
14.7%
Mazaya 04, Liwan: prices, sales and rents →

Other units on the 5th floor

All 216 units in Mazaya 04
Value
5011-bedAED 495K · Jul 2018
5032-bedAED 670K · Mar 2018
5041-bedAED 365K · Feb 2015
5051-bedAED 480K · Feb 2017
5061-bedAED 379K · Nov 2015
5071-bedAED 392K · Dec 2014
5081-bedAED 800K · Nov 2014
1–7 of 17

502, Mazaya 04 in numbers

  • Sold once: by Al Mazaya Real Estate on 24 December 2014 for AED 612,694, or AED 595 per sqft.
  • Rented since February 2015 on 5 Ejari contracts. The rent fell from AED 67,000 to AED 35,000 in 2021 and recovered to AED 40,000 by June 2022.
  • At AED 40,000 a year the gross yield on the 2014 price is 6.5%, before a service charge of about AED 5,600 a year (AED 5.49 per sqft).
  • Two-beds in Mazaya 04 sold for AED 540,645–705,052 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 12 June 2022.

Questions about 502, Mazaya 04

What did unit 502 last sell for?

AED 612,694 on 24 December 2014, sold by the developer: AED 595 per sqft for 1,029 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 40,000 a year on the contract signed on 12 June 2022. The previous contract, from March 2021, was AED 35,000; the unit has been rented since February 2015.

How big is unit 502?

1,029 sqft (95.6 sqm): a two-bedroom apartment on the 5th floor of a 13-storey tower completed in 2014.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 04 sold for AED 540,645 to 705,052 in the last 12 months, around AED 506 per sqft.

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Mortgage on 502, Mazaya 04

Starts from the last sale price (AED 613K, 24 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 612,694
Deposit, UAE resident (20%)
AED 122,539
Deposit, non-resident (40%)
AED 245,078
Monthly over 25 years at 3.7%
AED 2,507

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