506, Mazaya 23
Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mazaya 23
What is 506 worth today?
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Source: Dubai Land Department. Updated 29 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 840 sqft
- Floor
- 5th of 6
- Parking
- G-38
- Developer
- Al Mazaya Real Estate
- Completed
- 2013
- Service charge
- AED 10,400 /yr
- Last sold
- AED 550K · November 2024
- Building
- Mazaya 23
About 506, Mazaya 23
506 is a one-bedroom apartment of 840 sqft on the 5th floor of Mazaya 23, a 6-storey tower in Liwan completed in 2013 by Al Mazaya Real Estate. It last sold on 29 November 2024 for AED 550,000, or AED 654 per sqft, in line with the AED 637 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 15 September 2020, is AED 27,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 10,400 a year.
Sales and rents for 506 over time
506 has sold 3 times; 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 23, and where 506 sits
All 37 1-beds →506 last sold in November 2024 at AED 654 per sqft, in line with what one-beds in Mazaya 23 were fetching at the time (AED 637). Over the last 12 months one-beds sold for AED 510,000 to 650,000, around AED 846 per sqft, and rent for AED 38,325 to 60,000 a year. 506's AED 27,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 579 sqft | 510,000 | 881 | ||
| 5 Aug 20265 August 2026 | 1,066 sqft | 650,000 | 609 | ||
| 26 Feb 202626 February 2026 | 620 sqft | 525,000 | 846 | ||
| 19 Feb 202619 February 2026 | 816 sqft | 620,000 | 759 |
Mazaya 23
Building55 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2013 by Al Mazaya Real Estate. 6 sold in the last 12 months.
- Typical price per sqft
- AED 809
- Typical sale
- AED 585K
- Typical rent
- AED 50K /yr
- Typical yield
- 8.8%
Other units on the 5th floor
All 55 units in Mazaya 23| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 840 sqft | AED 610KAED 610,000 · May 2014May 2014 | 45,150 /yr | |
| 502 | 3-bed | 1,738 sqft | AED 710KAED 710,076 · May 2014May 2014 | 71,500 /yr | |
| 503 | 2-bed | 1,606 sqft | AED 800KAED 800,000 · Sep 2018September 2018 | 77,000 /yr | |
| 504 | 2-bed | 1,604 sqft | AED 1.18MAED 1,179,308 · Sep 2014September 2014 | 80,000 /yr | |
| 505 | 3-bed | 1,746 sqft | AED 1.1MAED 1,100,000 · Mar 2025March 2025 | 20,539 /yr | |
| 507 | 1-bed | 618 sqft | AED 400KAED 400,000 · Nov 2018November 2018 | 38,325 /yr | |
| 508 | 1-bed | 611 sqft | AED 550KAED 550,000 · Dec 2025December 2025 | 50,000 /yr |
506, Mazaya 23 in numbers
- Sold 3 times: first on 9 April 2009 for AED 582,717, last on 29 November 2024 for AED 550,000 (AED 654 per sqft).
- Rented since February 2014 on 5 Ejari contracts, from AED 55,000 to AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 10,400 a year (AED 12.38 per sqft).
- One-beds in Mazaya 23 sold for AED 510,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 809 per sqft.
Source: Dubai Land Department. Updated 29 November 2024.
Questions about 506, Mazaya 23
What did unit 506 last sell for?
AED 550,000 on 29 November 2024: AED 654 per sqft for 840 sqft. The unit has 3 registered sales; the first was AED 582,717 in April 2009.
What is the rent for unit 506?
AED 27,000 a year on the contract signed on 15 September 2020. The previous contract, from September 2017, was AED 45,121; the unit has been rented since February 2014.
How big is unit 506?
840 sqft (78.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2013.
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 23 sold for AED 510,000 to 650,000 in the last 12 months, around AED 846 per sqft.
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Mortgage on 506, Mazaya 23
Starts from the last sale price (AED 550K, 29 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →