506, Mazaya 15
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mazaya 15
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 835 sqft
- Floor
- 5th of 10
- Parking
- G-41
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 8,100 /yr
- Last sold
- AED 613K · May 2009
- Building
- Mazaya 15
About 506, Mazaya 15
506 is a one-bedroom apartment of 835 sqft on the 5th floor of Mazaya 15, a 10-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 11 May 2009 for AED 613,123, or AED 734 per sqft, in line with the AED 714 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 July 2024, is AED 44,100 a year: a gross yield of 7.2% on the 2009 price, before the service charge of about AED 8,100 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mazaya 15, and where 506 sits
All 48 1-beds →506 last sold in May 2009 at AED 734 per sqft, in line with what one-beds in Mazaya 15 were fetching at the time (AED 714). Over the last 12 months one-beds sold for AED 495,000 to 655,979, around AED 730 per sqft, and rent for AED 38,808 to 56,000 a year. 506's AED 44,100 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 834 sqft | 620,000 | 743 | ||
| 8 Jun 20268 June 2026 | 668 sqft | 495,000 | 740 | ||
| 15 Apr 202615 April 2026 | 765 sqft | 550,000 | 719 | ||
| 6 Jan 20266 January 2026 | 1,143 sqft | 655,979 | 573 |
Mazaya 15
Building82 apartments, 1-bed to 3-bed over 10 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 6 sold in the last 12 months.
- Typical price per sqft
- AED 737
- Typical sale
- AED 638K
- Typical rent
- AED 52K /yr
- Typical yield
- 8.8%
Other units on the 5th floor
All 82 units in Mazaya 15| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,562 sqft | AED 584KAED 584,072 · Nov 2015November 2015 | 82,500 /yr | |
| 502 | 1-bed | 636 sqft | AED 228KAED 228,385 · Nov 2015November 2015 | 50,000 /yr | |
| 503 | 1-bed | 1,192 sqft | AED 828KAED 828,485 · Apr 2009April 2009 | 40,700 /yr | |
| 504 | 2-bed | 1,515 sqft | AED 680KAED 680,000 · May 2022May 2022 | 57,879 /yr | |
| 505 | 2-bed | 1,415 sqft | AED 1MAED 1,000,000 · Mar 2025March 2025 | 85,000 /yr | |
| 507 | 2-bed | 1,157 sqft | AED 860KAED 860,000 · Apr 2026April 2026 | 61,500 /yr |
506, Mazaya 15 in numbers
- Sold once: by Al Mazaya Real Estate on 11 May 2009 for AED 613,123, or AED 734 per sqft.
- Rented since August 2015 on 4 Ejari contracts. The rent fell from AED 60,000 to AED 33,000 in 2020 and recovered to AED 44,100 by July 2024.
- At AED 44,100 a year the gross yield on the 2009 price is 7.2%, before a service charge of about AED 8,100 a year (AED 9.65 per sqft).
- One-beds in Mazaya 15 sold for AED 495,000–655,979 in the 12 months to November 2026; the building's median across all types is AED 737 per sqft.
Source: Dubai Land Department. Updated 1 July 2024.
Questions about 506, Mazaya 15
What did unit 506 last sell for?
AED 613,123 on 11 May 2009, sold by the developer: AED 734 per sqft for 835 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 44,100 a year on the contract signed on 1 July 2024. The previous contract, from July 2023, was AED 42,000; the unit has been rented since August 2015.
How big is unit 506?
835 sqft (77.6 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2014.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 15 sold for AED 495,000 to 655,979 in the last 12 months, around AED 730 per sqft.
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Mortgage on 506, Mazaya 15
Starts from the last sale price (AED 613K, 11 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 613,123
- Deposit, UAE resident (20%)
- AED 122,625
- Deposit, non-resident (40%)
- AED 245,249
- Monthly over 25 years at 3.7%
- AED 2,508
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →