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1-bed · 731 sqftMazaya 24, Liwan · 5th floor · completed 2014

502, Mazaya 24

Sold prices and rental history: sold 3 times, last in April 2022, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 25 April 2022
Last soldAED 355K25 April 2022
Current rentAED 36K /yr27 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Mazaya 24

What is 502 worth today?

Last sold for AED 355,000 in 2022

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25 Apr 2022SoldReady
AED 355,000AED 485 per sqft
27 Jan 2019RentedNew contract
AED 36,000/yr12 months · AED 49 per sqft
20 Dec 2016RentedRenewal
AED 55,000/yr12 months · AED 75 per sqft
20 Dec 2015RentedNew contract
AED 55,000/yr12 months · AED 75 per sqft
14 Dec 2015SoldReady
AED 530,000AED 725 per sqft
8 Feb 2009Sold by developerOff-plan
AED 515,887AED 705 per sqft

Source: Dubai Land Department. Updated 25 April 2022.

Key facts

Type
1-bed apartment
Size
731 sqft
Floor
5th of 5
Parking
G-36
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 8,800 /yr
Last sold
AED 355K · April 2022
Building
Mazaya 24

About 502, Mazaya 24

502 is a one-bedroom apartment of 731 sqft on the 5th floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 25 April 2022 for AED 355,000, or AED 485 per sqft, in line with the AED 485 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 27 January 2019, is AED 36,000 a year: a gross yield of 10.1% on the 2022 price, before the service charge of about AED 8,800 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical one-bed in Mazaya 24
400K2009201420192024Typical sale price by year: 2009 AED 423,391; 2014 AED 479,171; 2015 AED 489,196; 2016 AED 445,000; 2017 AED 418,695; 2022 AED 330,000; 2023 AED 313,750; 2024 AED 370,000; 2026 AED 550,000Sold by developer, February 2009: AED 515,887 (AED 705 per sqft)Sold, December 2015: AED 530,000 (AED 725 per sqft)Sold, April 2022: AED 355,000 (AED 485 per sqft)

502 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 502, each contractTypical one-bed in Mazaya 24
20K40K60K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 43,000; 2018 AED 40,250; 2019 AED 33,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 38,500; 2025 AED 43,000; 2026 AED 47,500New contract, December 2015: AED 55,000 a yearRenewal, December 2016: AED 55,000 a yearNew contract, January 2019: AED 36,000 a year

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

1-beds in Mazaya 24, and where 502 sits

All 45 1-beds →

502 last sold in April 2022 at AED 485 per sqft, in line with what one-beds in Mazaya 24 were fetching at the time (AED 485). Over the last 12 months one-beds sold for AED 425,444 to 640,000, around AED 810 per sqft, and rent for AED 33,000 to 82,000 a year. 502's AED 36,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Jul 2026500,000
26 Jun 2026590,000
3 Mar 2026640,000
17 Feb 2026425,444
7 1-bed sales in the last 12 months

Mazaya 24

Building

65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 10 sold in the last 12 months.

Typical price per sqft
AED 804
Typical sale
AED 575K
Typical rent
AED 48K /yr
Typical yield
9.2%
Mazaya 24, Liwan: prices, sales and rents →

Other units on the 5th floor

All 65 units in Mazaya 24
Value
5012-bedAED 485K · Apr 2022
5031-bedAED 175K · May 2023
5041-bedAED 523K · Feb 2009
5052-bedAED 499K · Dec 2020
5061-bedAED 500K · Oct 2015
5071-bedAED 500K · Jun 2025
5082-bedAED 665K · Jun 2024
1–7 of 12

502, Mazaya 24 in numbers

  • Sold 3 times: first on 8 February 2009 for AED 515,887, last on 25 April 2022 for AED 355,000 (AED 485 per sqft).
  • Rented since December 2015 on 3 Ejari contracts, from AED 55,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2022 price is 10.1%, before a service charge of about AED 8,800 a year (AED 12.09 per sqft).
  • One-beds in Mazaya 24 sold for AED 425,444–640,000 in the 12 months to November 2026; the building's median across all types is AED 804 per sqft.

Source: Dubai Land Department. Updated 25 April 2022.

Questions about 502, Mazaya 24

What did unit 502 last sell for?

AED 355,000 on 25 April 2022: AED 485 per sqft for 731 sqft. The unit has 3 registered sales; the first was AED 515,887 in February 2009.

What is the rent for unit 502?

AED 36,000 a year on the contract signed on 27 January 2019. The previous contract, from December 2016, was AED 55,000; the unit has been rented since December 2015.

How big is unit 502?

731 sqft (67.9 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2014.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 24 sold for AED 425,444 to 640,000 in the last 12 months, around AED 810 per sqft.

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Mortgage on 502, Mazaya 24

Starts from the last sale price (AED 355K, 25 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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