2-bed · 1,011 sqftMazaya 17 (Queue Point - R053), Liwan · 5th floor · completed 2015

502, Mazaya 17 (Queue Point - R053)

Sold prices and rental history: sold twice, last in August 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 30 August 2023
Last soldAED 575K30 August 2023
Current rentAED 54K /yr1 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Mazaya 17 (Queue Point - R053)

What is 502 worth today?

Last sold for AED 575,000 in 2023

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30 Aug 2023SoldReady
AED 575,000AED 568 per sqft
1 May 2018RentedNew contract
AED 54,000/yr12 months · AED 53 per sqft
27 Mar 2017RentedNew contract
AED 65,000/yr12 months · AED 64 per sqft
1 Mar 2017Sold by developerReady
AED 391,757AED 387 per sqft

Source: Dubai Land Department. Updated 30 August 2023.

Key facts

Type
2-bed apartment
Size
1,011 sqft
Floor
5th of 6
Parking
G-17
Developer
Al Mazaya Real Estate
Completed
2015
Service charge
AED 10,800 /yr
Last sold
AED 575K · August 2023

About 502, Mazaya 17 (Queue Point - R053)

502 is a two-bedroom apartment of 1,011 sqft on the 5th floor of Mazaya 17 (Queue Point - R053), a 6-storey tower in Liwan completed in 2015 by Al Mazaya Real Estate. It last sold on 30 August 2023 for AED 575,000, or AED 568 per sqft, 9% above the AED 523 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 1 May 2018, is AED 54,000 a year: a gross yield of 9.4% on the 2023 price, before the service charge of about AED 10,800 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Mazaya 17 (Queue Point - R053)
500K750K2015201820212024Typical sale price by year: 2015 AED 757,500; 2016 AED 737,056; 2017 AED 850,000; 2022 AED 499,500; 2023 AED 555,000Sold by developer, March 2017: AED 391,757 (AED 387 per sqft)Sold, August 2023: AED 575,000 (AED 568 per sqft)

502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in Mazaya 17 (Queue Point - R053)
40K60K2017202020232026Typical rent by year: 2017 AED 65,000; 2018 AED 59,000; 2019 AED 50,000; 2020 AED 40,500; 2021 AED 39,000; 2022 AED 43,350; 2023 AED 47,000; 2024 AED 53,130; 2025 AED 60,000; 2026 AED 66,500New contract, March 2017: AED 65,000 a yearNew contract, May 2018: AED 54,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya 17 (Queue Point - R053), and where 502 sits

All 21 2-beds →

502 last sold in August 2023 at AED 568 per sqft, 9% above what two-beds in Mazaya 17 (Queue Point - R053) were fetching at the time (AED 523). Over the last 12 months two-beds sold for AED 1,100,000, around AED 912 per sqft, and rent for AED 57,000 to 100,000 a year. 502's AED 54,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Nov 20251,100,000
30 Jul 2025780,000
23 Feb 2024890,000
13 Jul 2023530,000
1 2-bed sale in the last 12 months

Mazaya 17 (Queue Point - R053)

Building

66 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2015 by Al Mazaya Real Estate. 2 sold in the last 12 months.

Typical price per sqft
AED 882
Typical sale
AED 838K
Typical rent
AED 52K /yr
Typical yield
7.3%
Mazaya 17 (Queue Point - R053), Liwan: prices, sales and rents →
Value
5013-bedAED 1.23M · Aug 2016
5031-bedAED 199K · May 2009
5041-bedAED 550K · Dec 2024
5051-bedAED 527K · Mar 2016
5061-bedAED 505K · May 2014
5072-bedAED 450K · Jul 2022
5082-bedAED 890K · Feb 2024
1–7 of 9

502, Mazaya 17 (Queue Point - R053) in numbers

  • Sold twice: first on 1 March 2017 for AED 391,757, last on 30 August 2023 for AED 575,000 (AED 568 per sqft).
  • Rented since March 2017 on 2 Ejari contracts, from AED 65,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2023 price is 9.4%, before a service charge of about AED 10,800 a year (AED 10.65 per sqft).
  • Two-beds in Mazaya 17 (Queue Point - R053) sold for AED 1,100,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 882 per sqft.

Source: Dubai Land Department. Updated 30 August 2023.

Questions about 502, Mazaya 17 (Queue Point - R053)

What did unit 502 last sell for?

AED 575,000 on 30 August 2023: AED 568 per sqft for 1,011 sqft. The unit has 2 registered sales; the first was AED 391,757 in March 2017.

What is the rent for unit 502?

AED 54,000 a year on the contract signed on 1 May 2018. The previous contract, from March 2017, was AED 65,000.

How big is unit 502?

1,011 sqft (93.9 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2015.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 17 (Queue Point - R053) sold for AED 1,100,000 to 1,100,000 in the last 12 months, around AED 912 per sqft.

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Mortgage on 502, Mazaya 17 (Queue Point - R053)

Starts from the last sale price (AED 575K, 30 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

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