507, 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 507, Mazaya 16
What is 507 worth today?
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Source: Dubai Land Department. Updated 4 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 628 sqft
- Floor
- 5th of 9
- Parking
- G-25
- 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 314K · January 2017
- Building
- Mazaya 16
About 507, Mazaya 16
507 is a studio of 628 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 16 January 2017 for AED 313,880, or AED 500 per sqft, in line with the AED 501 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 4 September 2024, is AED 41,000 a year: a gross yield of 13.1% on the 2017 price, before the service charge of about AED 8,500 a year.
Sales and rents for 507 over time
507 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Mazaya 16, and where 507 sits
All 18 studios →507 last sold in January 2017 at AED 500 per sqft, in line with what studios in Mazaya 16 were fetching at the time (AED 501). 507's AED 41,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 500 | ||
| 16 Jan 201716 January 2017 | 628 sqft | 313,880 | 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 | |
| 502 | 1-bed | 1,070 sqft | AED 535KAED 534,755 · Jan 2017January 2017 | 41,500 /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 | |
| 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 |
507, Mazaya 16 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 16 January 2017 for AED 313,880, or AED 500 per sqft.
- Rented since March 2018 on 4 Ejari contracts. The rent fell from AED 42,000 to AED 24,000 in 2021 and recovered to AED 41,000 by September 2024.
- At AED 41,000 a year the gross yield on the 2017 price is 13.1%, before a service charge of about AED 8,500 a year (AED 13.60 per sqft).
Source: Dubai Land Department. Updated 4 September 2024.
Questions about 507, Mazaya 16
What did unit 507 last sell for?
AED 313,880 on 16 January 2017, sold by the developer: AED 500 per sqft for 628 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 41,000 a year on the contract signed on 4 September 2024. The previous contract, from September 2021, was AED 24,000; the unit has been rented since March 2018.
How big is unit 507?
628 sqft (58.3 sqm): a studio on the 5th floor of a 9-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 16
Starts from the last sale price (AED 314K, 16 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 313,880
- Deposit, UAE resident (20%)
- AED 62,776
- Deposit, non-resident (40%)
- AED 125,552
- Monthly over 25 years at 3.7%
- AED 1,284
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →