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1-bed · 891 sqftMazaya 04, Liwan · 5th floor · completed 2014

517, Mazaya 04

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

Unit 517 · DLD and Ejari recordsUpdated 31 October 2021
Last soldAED 325K24 August 2016
Current rentAED 31K /yr31 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 517, Mazaya 04

What is 517 worth today?

Last sold for AED 325,000 in 2016

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31 Oct 2021RentedRenewal
AED 31,000/yr12 months · AED 35 per sqft
31 Oct 2020RentedRenewal
AED 31,000/yr12 months · AED 35 per sqft
1 Nov 2019RentedNew contract
AED 38,102/yr12 months · AED 43 per sqft
1 Oct 2017RentedNew contract
AED 48,000/yr12 months · AED 54 per sqft
24 Aug 2016SoldReady
AED 325,000AED 364 per sqft
19 May 2015Sold by developerReady
AED 336,354AED 377 per sqft

Source: Dubai Land Department. Updated 31 October 2021.

Key facts

Type
1-bed apartment
Size
891 sqft
Floor
5th of 13
Parking
G-48
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 4,900 /yr
Last sold
AED 325K · August 2016
Building
Mazaya 04

About 517, Mazaya 04

517 is a one-bedroom apartment of 891 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 24 August 2016 for AED 325,000, or AED 364 per sqft, 47% below the AED 692 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 31 October 2021, is AED 31,000 a year: a gross yield of 9.5% on the 2016 price, before the service charge of about AED 4,900 a year.

Sales and rents for 517 over time

Sales
Unit 517, 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, May 2015: AED 336,354 (AED 377 per sqft)Sold, August 2016: AED 325,000 (AED 364 per sqft)

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

Rents
Unit 517, 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, October 2017: AED 48,000 a yearNew contract, November 2019: AED 38,102 a yearRenewal, October 2020: AED 31,000 a yearRenewal, October 2021: AED 31,000 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 517 sits

All 140 1-beds →

517 last sold in August 2016 at AED 364 per sqft, 47% below what one-beds in Mazaya 04 were fetching at the time (AED 692). 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. 517's AED 31,000 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

517, Mazaya 04 in numbers

  • Sold twice: first on 19 May 2015 for AED 336,354, last on 24 August 2016 for AED 325,000 (AED 364 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 48,000 to AED 31,000 a year.
  • At AED 31,000 a year the gross yield on the 2016 price is 9.5%, before a service charge of about AED 4,900 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 31 October 2021.

Questions about 517, Mazaya 04

What did unit 517 last sell for?

AED 325,000 on 24 August 2016: AED 364 per sqft for 891 sqft. The unit has 2 registered sales; the first was AED 336,354 in May 2015.

What is the rent for unit 517?

AED 31,000 a year on the contract renewed on 31 October 2021. The previous contract, from October 2020, was AED 31,000; the unit has been rented since October 2017.

How big is unit 517?

891 sqft (82.8 sqm): a one-bedroom apartment on the 5th floor of a 13-storey tower completed in 2014.

What is unit 517 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 517, Mazaya 04

Starts from the last sale price (AED 325K, 24 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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