502, Mazaya 16
Sold prices and rental history: sold once, by the developer in January 2017, 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 502, Mazaya 16
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,070 sqft
- Floor
- 5th of 9
- Parking
- G-76
- Developer
- Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
- Completed
- 2016
- Service charge
- AED 14,500 /yr
- Last sold
- AED 535K · January 2017
- Building
- Mazaya 16
About 502, Mazaya 16
502 is a one-bedroom apartment of 1,070 sqft on the 5th floor of Mazaya 16, a 9-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 15 January 2017 for AED 534,755, or AED 500 per sqft, in line with the AED 500 one-beds 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 May 2024, is AED 41,500 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 14,500 a year.
Sales and rents for 502 over time
502 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 16, and where 502 sits
All 72 1-beds →502 last sold in January 2017 at AED 500 per sqft, in line with what one-beds in Mazaya 16 were fetching at the time (AED 500). 502's AED 41,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 829 sqft | 414,735 | 500 | ||
| 16 Jan 201716 January 2017 | 825 sqft | 412,745 | 500 | ||
| 16 Jan 201716 January 2017 | 825 sqft | 412,745 | 500 | ||
| 16 Jan 201716 January 2017 | 1,070 sqft | 534,755 | 500 |
Mazaya 16
Building108 apartments, studios to 2-bed over 9 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 47K /yr
- Typical yield
Other units on the 5th floor
All 108 units in Mazaya 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,040 sqft | AED 520KAED 520,170 · Jan 2017January 2017 | 62,000 /yr | |
| 503 | Studio | 398 sqft | AED 310KAED 309,744 · Sep 2016September 2016 | 37,000 /yr | |
| 504 | 1-bed | 1,053 sqft | AED 526KAED 526,465 · Jan 2017January 2017 | 44,000 /yr | |
| 505 | 1-bed | 823 sqft | AED 411KAED 411,400 · Jan 2017January 2017 | 46,000 /yr | |
| 506 | 1-bed | 829 sqft | AED 415KAED 414,735 · Jan 2017January 2017 | 50,000 /yr | |
| 507 | Studio | 628 sqft | AED 314KAED 313,880 · Jan 2017January 2017 | 41,000 /yr | |
| 508 | 1-bed | 908 sqft | AED 454KAED 454,185 · Jan 2017January 2017 | 45,000 /yr | |
| 509 | 1-bed | 825 sqft | AED 413KAED 412,745 · Jan 2017January 2017 | 58,000 /yr | |
| 510 | 2-bed | 1,288 sqft | AED 645KAED 645,300 · Jan 2017January 2017 | 56,000 /yr | |
| 511 | 2-bed | 1,191 sqft | AED 907KAED 906,741 · Sep 2016September 2016 | 73,000 /yr | |
| 512 | 1-bed | 817 sqft | AED 621KAED 620,996 · Sep 2016September 2016 | 41,000 /yr |
502, Mazaya 16 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 15 January 2017 for AED 534,755, or AED 500 per sqft.
- Rented since June 2018 on 4 Ejari contracts. The rent fell from AED 54,000 to AED 35,000 in 2021 and recovered to AED 41,500 by May 2024.
- At AED 41,500 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 14,500 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 502, Mazaya 16
What did unit 502 last sell for?
AED 534,755 on 15 January 2017, sold by the developer: AED 500 per sqft for 1,070 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 41,500 a year on the contract signed on 1 May 2024. The previous contract, from May 2021, was AED 35,000; the unit has been rented since June 2018.
How big is unit 502?
1,070 sqft (99.4 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2016.
What is unit 502 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 502, Mazaya 16
Starts from the last sale price (AED 535K, 15 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 534,755
- Deposit, UAE resident (20%)
- AED 106,951
- Deposit, non-resident (40%)
- AED 213,902
- Monthly over 25 years at 3.7%
- AED 2,188
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →