1-bed · 619 sqftMazaya 04, Liwan · 5th floor · completed 2014

512, Mazaya 04

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

Unit 512 · DLD and Ejari recordsUpdated 1 September 2021
Last soldAED 433K8 January 2015
Current rentAED 23K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 512, Mazaya 04

What is 512 worth today?

Last sold for AED 432,950 in 2015

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1 Sep 2021RentedRenewal
AED 23,000/yr12 months · AED 37 per sqft
1 Sep 2020RentedNew contract
AED 26,000/yr12 months · AED 42 per sqft
10 Dec 2019RentedRenewal
AED 31,200/yr12 months · AED 50 per sqft
10 Dec 2018RentedRenewal
AED 36,000/yr12 months · AED 58 per sqft
10 Dec 2017RentedRenewal
AED 42,000/yr12 months · AED 67 per sqft
10 Dec 2016RentedNew contract
AED 48,000/yr12 months · AED 77 per sqft
8 Jan 2015SoldReady
AED 432,950AED 699 per sqft
10 Dec 2014RentedNew contract
AED 48,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 1 September 2021.

Key facts

Type
1-bed apartment
Size
619 sqft
Floor
5th of 13
Parking
G-80
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 3,400 /yr
Last sold
AED 433K · January 2015
Building
Mazaya 04

About 512, Mazaya 04

512 is a one-bedroom apartment of 619 sqft on the 5th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 8 January 2015 for AED 432,950, or AED 699 per sqft, in line with the AED 709 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 23,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 3,400 a year.

Sales and rents for 512 over time

Sales
Unit 512, each saleTypical one-bed in Mazaya 04
300K400K500K2009201420192024Typical sale price by year: 2009 AED 412,907; 2013 AED 389,160; 2014 AED 392,326; 2015 AED 390,794; 2016 AED 460,000; 2017 AED 470,000; 2018 AED 380,000; 2019 AED 340,000; 2020 AED 300,000; 2021 AED 277,500; 2022 AED 277,500; 2023 AED 300,000; 2025 AED 335,000; 2026 AED 316,530Sold by developer, March 2009: AED 432,950 (AED 699 per sqft)Sold, January 2015: AED 432,950 (AED 699 per sqft)

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

Rents
Unit 512, each contractTypical one-bed in Mazaya 04
20K40K60K2014201820222026Typical rent by year: 2014 AED 48,000; 2015 AED 48,000; 2016 AED 48,867; 2017 AED 45,514; 2018 AED 40,000; 2019 AED 32,500; 2020 AED 28,000; 2021 AED 25,000; 2022 AED 26,500; 2023 AED 25,000; 2024 AED 35,000; 2025 AED 49,000; 2026 AED 55,000New contract, December 2014: AED 48,000 a yearNew contract, December 2016: AED 48,000 a yearRenewal, December 2017: AED 42,000 a yearRenewal, December 2018: AED 36,000 a yearRenewal, December 2019: AED 31,200 a yearNew contract, September 2020: AED 26,000 a yearRenewal, September 2021: AED 23,000 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 04, and where 512 sits

All 140 1-beds →

512 last sold in January 2015 at AED 699 per sqft, in line with what one-beds in Mazaya 04 were fetching at the time (AED 709). Over the last 12 months one-beds sold for AED 90,000 to 507,360, around AED 569 per sqft, and rent for AED 22,000 to 60,000 a year. 512's AED 23,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Sep 2026305,000
24 Aug 2026410,000
13 Aug 2026300,000
19 Jul 2026305,000
18 1-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
5022-bedAED 613K · Dec 2014
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
1–7 of 17

512, Mazaya 04 in numbers

  • Sold twice: first on 25 March 2009 for AED 432,950, last on 8 January 2015 for AED 432,950 (AED 699 per sqft).
  • Rented since December 2014 on 7 Ejari contracts, from AED 48,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 3,400 a year (AED 5.49 per sqft).
  • One-beds in Mazaya 04 sold for AED 90,000–507,360 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 1 September 2021.

Questions about 512, Mazaya 04

What did unit 512 last sell for?

AED 432,950 on 8 January 2015: AED 699 per sqft for 619 sqft. The unit has 2 registered sales; the first was AED 432,950 in March 2009.

What is the rent for unit 512?

AED 23,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 26,000; the unit has been rented since December 2014.

How big is unit 512?

619 sqft (57.5 sqm): a one-bedroom apartment on the 5th floor of a 13-storey tower completed in 2014.

What is unit 512 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 04 sold for AED 90,000 to 507,360 in the last 12 months, around AED 569 per sqft.

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Mortgage on 512, Mazaya 04

Starts from the last sale price (AED 433K, 8 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 432,950
Deposit, UAE resident (20%)
AED 86,590
Deposit, non-resident (40%)
AED 173,180
Monthly over 25 years at 3.7%
AED 1,771

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