507, Mazaya 14
Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Mazaya 14
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 August 2022.
Key facts
- Type
- Studio apartment
- Size
- 519 sqft
- Floor
- 5th of 11
- Parking
- G-28
- Developer
- Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
- Completed
- 2016
- Service charge
- AED 7,100 /yr
- Last sold
- AED 259K · December 2016
- Building
- Mazaya 14
About 507, Mazaya 14
507 is a studio of 519 sqft on the 5th floor of Mazaya 14, a 11-storey tower in Liwan completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . The developer sold it on 22 December 2016 for AED 259,305, or AED 500 per sqft, in line with the AED 500 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 August 2022, is AED 25,000 a year: a gross yield of 9.6% on the 2016 price, before the service charge of about AED 7,100 a year.
Sales and rents for 507 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Mazaya 14, and where 507 sits
All 22 studios →507 last sold in December 2016 at AED 500 per sqft, in line with what studios in Mazaya 14 were fetching at the time (AED 500). 507's AED 25,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 201622 December 2016 | 519 sqft | 259,305 | 500 | ||
| 22 Dec 201622 December 2016 | 623 sqft | 311,350 | 500 | ||
| 22 Dec 201622 December 2016 | 519 sqft | 259,305 | 500 | ||
| 22 Dec 201622 December 2016 | 623 sqft | 311,350 | 500 |
Mazaya 14
Building121 apartments, studios to 2-bed over 11 floors in Liwan, completed in 2016 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 49K /yr
- Typical yield
Other units on the 5th floor
All 121 units in Mazaya 14| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 899 sqft | AED 450KAED 449,665 · Dec 2016December 2016 | 39,000 /yr | |
| 502 | 1-bed | 1,029 sqft | AED 515KAED 514,735 · Dec 2016December 2016 | 45,000 /yr | |
| 503 | 1-bed | 804 sqft | AED 402KAED 401,765 · Dec 2016December 2016 | 57,000 /yr | |
| 504 | 1-bed | 961 sqft | AED 480KAED 480,345 · Dec 2016December 2016 | 45,000 /yr | |
| 505 | 1-bed | 842 sqft | AED 421KAED 421,035 · Dec 2016December 2016 | 53,000 /yr | |
| 506 | 1-bed | 858 sqft | AED 429KAED 429,055 · Jan 2017January 2017 | 44,000 /yr | |
| 508 | 2-bed | 1,281 sqft | AED 642KAED 641,640 · Dec 2016December 2016 | 69,000 /yr | |
| 509 | 2-bed | 1,327 sqft | AED 665KAED 664,945 · Dec 2016December 2016 | 74,000 /yr | |
| 510 | Studio | 623 sqft | AED 311KAED 311,350 · Dec 2016December 2016 | 33,600 /yr | |
| 511 | 1-bed | 898 sqft | AED 449KAED 449,235 · Dec 2016December 2016 | 42,000 /yr |
507, Mazaya 14 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 22 December 2016 for AED 259,305, or AED 500 per sqft.
- Rented since March 2018 on 4 Ejari contracts. The rent fell from AED 36,000 to AED 22,000 in 2021 and recovered to AED 25,000 by August 2022.
- At AED 25,000 a year the gross yield on the 2016 price is 9.6%, before a service charge of about AED 7,100 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 1 August 2022.
Questions about 507, Mazaya 14
What did unit 507 last sell for?
AED 259,305 on 22 December 2016, sold by the developer: AED 500 per sqft for 519 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 25,000 a year on the contract signed on 1 August 2022. The previous contract, from April 2022, was AED 23,000; the unit has been rented since March 2018.
How big is unit 507?
519 sqft (48.2 sqm): a studio on the 5th floor of a 11-storey tower completed in 2016.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 507, Mazaya 14
Starts from the last sale price (AED 259K, 22 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 259,305
- Deposit, UAE resident (20%)
- AED 51,861
- Deposit, non-resident (40%)
- AED 103,722
- Monthly over 25 years at 3.7%
- AED 1,061
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →