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1-bed · 553 sqftMazaya 04, Liwan · 5th floor · completed 2014

518, Mazaya 04

Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 10 November 2021
Last soldAED 426K25 March 2009
Current rentAED 23K /yr10 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, Mazaya 04

What is 518 worth today?

Last sold for AED 426,022 in 2009

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10 Nov 2021RentedRenewal
AED 23,000/yr12 months · AED 42 per sqft
10 Nov 2020RentedNew contract
AED 23,000/yr12 months · AED 42 per sqft
6 Feb 2019RentedRenewal
AED 40,000/yr12 months · AED 73 per sqft
6 Feb 2018RentedNew contract
AED 40,000/yr12 months · AED 73 per sqft
5 Jan 2016RentedNew contract
AED 45,000/yr12 months · AED 82 per sqft
25 Mar 2009Sold by developerOff-plan
AED 426,022AED 770 per sqft

Source: Dubai Land Department. Updated 10 November 2021.

Key facts

Type
1-bed apartment
Size
553 sqft
Floor
5th of 13
Parking
G-77
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 3,000 /yr
Last sold
AED 426K · March 2009
Building
Mazaya 04

About 518, Mazaya 04

518 is a one-bedroom apartment of 553 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 25 March 2009 for AED 426,022, or AED 770 per sqft, 7% above the AED 720 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 10 November 2021, is AED 23,000 a year: a gross yield of 5.4% on the 2009 price, before the service charge of about AED 3,000 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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 426,022 (AED 770 per sqft)

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

Rents
Unit 518, 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, January 2016: AED 45,000 a yearNew contract, February 2018: AED 40,000 a yearRenewal, February 2019: AED 40,000 a yearNew contract, November 2020: AED 23,000 a yearRenewal, November 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 518 sits

All 140 1-beds →

518 last sold in March 2009 at AED 770 per sqft, 7% above what one-beds in Mazaya 04 were fetching at the time (AED 720). 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. 518'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

518, Mazaya 04 in numbers

  • Sold once: by Al Mazaya Real Estate on 25 March 2009 for AED 426,022, or AED 770 per sqft.
  • Rented since January 2016 on 5 Ejari contracts, from AED 45,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2009 price is 5.4%, before a service charge of about AED 3,000 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 10 November 2021.

Questions about 518, Mazaya 04

What did unit 518 last sell for?

AED 426,022 on 25 March 2009, sold by the developer: AED 770 per sqft for 553 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 23,000 a year on the contract renewed on 10 November 2021. The previous contract, from November 2020, was AED 23,000; the unit has been rented since January 2016.

How big is unit 518?

553 sqft (51.4 sqm): a one-bedroom apartment on the 5th floor of a 13-storey tower completed in 2014.

What is unit 518 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 518, Mazaya 04

Starts from the last sale price (AED 426K, 25 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 426,022
Deposit, UAE resident (20%)
AED 85,204
Deposit, non-resident (40%)
AED 170,409
Monthly over 25 years at 3.7%
AED 1,743

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