509, Mazaya 12
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Mazaya 12
What is 509 worth today?
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Source: Dubai Land Department. Updated 7 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,053 sqft
- Floor
- 5th of 6
- Parking
- B-37
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 10,300 /yr
- Last sold
- AED 605K · March 2024
- Building
- Mazaya 12
About 509, Mazaya 12
509 is a two-bedroom apartment of 1,053 sqft on the 5th floor of Mazaya 12, a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 7 March 2024 for AED 605,000, or AED 574 per sqft, 5% above the AED 545 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 25 January 2023, is AED 40,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 10,300 a year.
Sales and rents for 509 over time
509 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya 12, and where 509 sits
All 30 2-beds →509 last sold in March 2024 at AED 574 per sqft, 5% above what two-beds in Mazaya 12 were fetching at the time (AED 545). Over the last 12 months two-beds sold for AED 800,000, around AED 755 per sqft, and rent for AED 55,650 to 80,000 a year. 509's AED 40,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 1,058 sqft | 800,000 | 755 | ||
| 22 Nov 202422 November 2024 | 1,053 sqft | 680,000 | 645 | ||
| 8 Nov 20248 November 2024 | 1,217 sqft | 775,000 | 636 | ||
| 9 Sep 20249 September 2024 | 1,218 sqft | 593,760 | 487 |
Mazaya 12
Building96 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 4 sold in the last 12 months.
- Typical price per sqft
- AED 712
- Typical sale
- AED 700K
- Typical rent
- AED 50K /yr
- Typical yield
- 8.6%
Other units on the 5th floor
All 96 units in Mazaya 12| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,058 sqft | AED 693KAED 693,171 · Dec 2014December 2014 | 47,000 /yr | |
| 502 | 2-bed | 1,217 sqft | AED 730KAED 729,990 · Nov 2015November 2015 | 55,000 /yr | |
| 503 | 1-bed | 771 sqft | AED 540KAED 540,000 · Jun 2015June 2015 | 36,400 /yr | |
| 504 | 1-bed | 781 sqft | AED 595KAED 595,000 · Apr 2017April 2017 | 49,000 /yr | |
| 505 | 2-bed | 1,218 sqft | AED 876KAED 876,000 · Dec 2015December 2015 | 75,000 /yr | |
| 506 | 2-bed | 1,052 sqft | AED 460KAED 460,000 · Sep 2021September 2021 | 53,000 /yr | |
| 507 | 1-bed | 569 sqft | AED 500KAED 500,000 · May 2025May 2025 | 50,000 /yr | |
| 508 | 1-bed | 570 sqft | AED 37KAED 37,150 · Jun 2015June 2015 | 45,000 /yr | |
| 510 | 1-bed | 771 sqft | AED 408KAED 408,000 · Dec 2023December 2023 | 55,000 /yr | |
| 511 | 1-bed | 946 sqft | AED 137KAED 136,638 · Mar 2021March 2021 | 47,000 /yr | |
| 512 | 1-bed | 995 sqft | AED 710KAED 709,702 · Jul 2018July 2018 | 34,269 /yr | |
| 513 | 1-bed | 945 sqft | AED 683KAED 683,256 · Nov 2016November 2016 | 24,000 /yr | |
| 514 | 1-bed | 771 sqft | AED 559KAED 559,007 · Apr 2015April 2015 | 48,000 /yr | |
| 515 | 3-bed | 1,610 sqft | AED 1.21MAED 1,207,238 · Jan 2016January 2016 | ||
| 516 | 1-bed | 558 sqft | AED 435KAED 435,000 · Jun 2025June 2025 | 68,000 /yr |
509, Mazaya 12 in numbers
- Sold twice: first on 7 February 2009 for AED 777,695, last on 7 March 2024 for AED 605,000 (AED 574 per sqft).
- Rented since April 2016 on 6 Ejari contracts. The rent fell from AED 70,000 to AED 36,000 in 2022 and recovered to AED 40,000 by January 2023.
- At AED 40,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 10,300 a year (AED 9.78 per sqft).
- Two-beds in Mazaya 12 sold for AED 800,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 712 per sqft.
Source: Dubai Land Department. Updated 7 March 2024.
Questions about 509, Mazaya 12
What did unit 509 last sell for?
AED 605,000 on 7 March 2024: AED 574 per sqft for 1,053 sqft. The unit has 2 registered sales; the first was AED 777,695 in February 2009.
What is the rent for unit 509?
AED 40,000 a year on the contract renewed on 25 January 2023. The previous contract, from January 2022, was AED 36,000; the unit has been rented since April 2016.
How big is unit 509?
1,053 sqft (97.8 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 12 sold for AED 800,000 to 800,000 in the last 12 months, around AED 755 per sqft.
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Mortgage on 509, Mazaya 12
Starts from the last sale price (AED 605K, 7 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 605,000
- Deposit, UAE resident (20%)
- AED 121,000
- Deposit, non-resident (40%)
- AED 242,000
- Monthly over 25 years at 3.7%
- AED 2,475
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →