Studio · 623 sqftMazaya 14, Liwan · 5th floor · completed 2016

510, Mazaya 14

Sold prices and rental history: sold once, by the developer in December 2016, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 20 December 2024
Last soldAED 311K21 December 2016
Current rentAED 34K /yr20 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Mazaya 14

What is 510 worth today?

Last sold for AED 311,350 in 2016

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20 Dec 2024RentedRenewal
AED 33,600/yr36 months · AED 54 per sqft
20 Dec 2023RentedNew contract
AED 29,000/yr12 months · AED 47 per sqft
21 Dec 2016Sold by developerOff-plan
AED 311,350AED 500 per sqft

Source: Dubai Land Department. Updated 20 December 2024.

Key facts

Type
Studio apartment
Size
623 sqft
Floor
5th of 11
Parking
G-41
Developer
Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2016
Service charge
AED 8,500 /yr
Last sold
AED 311K · December 2016
Building
Mazaya 14

About 510, Mazaya 14

510 is a studio of 623 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 21 December 2016 for AED 311,350, or AED 500 per sqft, in line with the AED 500 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 20 December 2024, is AED 33,600 a year: a gross yield of 10.8% on the 2016 price, before the service charge of about AED 8,500 a year.

Sales and rents for 510 over time

Rents
Unit 510, each contractTypical studio in Mazaya 14
20K30K40K2016201920222025Typical rent by year: 2016 AED 41,000; 2017 AED 40,000; 2018 AED 37,000; 2019 AED 32,000; 2020 AED 25,067; 2021 AED 23,000; 2022 AED 24,000; 2023 AED 30,000; 2024 AED 33,600; 2025 AED 36,500; 2026 AED 40,000New contract, December 2023: AED 29,000 a yearRenewal, December 2024: AED 33,600 a year

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 510 sits

All 22 studios →

510 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). 510's AED 33,600 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Dec 2016259,305
22 Dec 2016259,305
22 Dec 2016311,350
22 Dec 2016259,305
0 studio sales in the last 12 months

Mazaya 14

Building

121 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 48K /yr
Typical yield
Mazaya 14, Liwan: prices, sales and rents →

Other units on the 5th floor

All 121 units in Mazaya 14
Value
5011-bedAED 450K · Dec 2016
5021-bedAED 515K · Dec 2016
5031-bedAED 402K · Dec 2016
5041-bedAED 480K · Dec 2016
5051-bedAED 421K · Dec 2016
5061-bedAED 429K · Jan 2017
507StudioAED 259K · Dec 2016
1–7 of 10

510, Mazaya 14 in numbers

  • Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 21 December 2016 for AED 311,350, or AED 500 per sqft.
  • Rented since December 2023 on 2 Ejari contracts, from AED 29,000 to AED 33,600 a year.
  • At AED 33,600 a year the gross yield on the 2016 price is 10.8%, before a service charge of about AED 8,500 a year (AED 13.60 per sqft).

Source: Dubai Land Department. Updated 20 December 2024.

Questions about 510, Mazaya 14

What did unit 510 last sell for?

AED 311,350 on 21 December 2016, sold by the developer: AED 500 per sqft for 623 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 33,600 a year on the contract renewed on 20 December 2024. The previous contract, from December 2023, was AED 29,000.

How big is unit 510?

623 sqft (57.9 sqm): a studio on the 5th floor of a 11-storey tower completed in 2016.

What is unit 510 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 510, Mazaya 14

Starts from the last sale price (AED 311K, 21 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 311,350
Deposit, UAE resident (20%)
AED 62,270
Deposit, non-resident (40%)
AED 124,540
Monthly over 25 years at 3.7%
AED 1,274

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