501, Mazaya 26
Sold prices and rental history: sold once, by the developer in October 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 501, Mazaya 26
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 951 sqft
- Floor
- 5th of 9
- Parking
- G-55
- Developer
- Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
- Completed
- 2017
- Service charge
- AED 11,100 /yr
- Last sold
- AED 476K · October 2017
- Building
- Mazaya 26
About 501, Mazaya 26
501 is a one-bedroom apartment of 951 sqft on the 5th floor of Mazaya 26, a 9-storey tower in Liwan completed in 2017 by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company . The developer sold it on 29 October 2017 for AED 475,661, 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 5 Ejari contracts. The current contract, signed on 1 April 2024, is AED 41,000 a year: a gross yield of 8.6% on the 2017 price, before the service charge of about AED 11,100 a year.
Sales and rents for 501 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mazaya 26, and where 501 sits
All 72 1-beds →501 last sold in October 2017 at AED 500 per sqft, in line with what one-beds in Mazaya 26 were fetching at the time (AED 500). 501's AED 41,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 31 Oct 201731 October 2017 | 910 sqft | 454,779 | 500 | ||
| 31 Oct 201731 October 2017 | 816 sqft | 407,794 | 500 | ||
| 31 Oct 201731 October 2017 | 822 sqft | 411,131 | 500 | ||
| 31 Oct 201731 October 2017 | 951 sqft | 475,661 | 500 |
Mazaya 26
Building99 apartments, studios to 2-bed over 9 floors in Liwan, completed in 2017 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 48K /yr
- Typical yield
Other units on the 5th floor
All 99 units in Mazaya 26| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 859 sqft | AED 430KAED 429,699 · Oct 2017October 2017 | 60,000 /yr | |
| 503 | 1-bed | 843 sqft | AED 421KAED 421,357 · Oct 2017October 2017 | 46,000 /yr | |
| 504 | Studio | 639 sqft | AED 319KAED 319,314 · Oct 2017October 2017 | 42,000 /yr | |
| 505 | 1-bed | 797 sqft | AED 398KAED 398,268 · Oct 2017October 2017 | 50,000 /yr | |
| 506 | 1-bed | 816 sqft | AED 408KAED 407,794 · Oct 2017October 2017 | 45,000 /yr | |
| 507 | 1-bed | 910 sqft | AED 455KAED 454,779 · Oct 2017October 2017 | 32,000 /yr | |
| 508 | 1-bed | 822 sqft | AED 411KAED 411,131 · Oct 2017October 2017 | 60,000 /yr | |
| 509 | 2-bed | 1,461 sqft | AED 730KAED 730,284 · Oct 2017October 2017 | 84,000 /yr | |
| 510 | 2-bed | 1,460 sqft | AED 730KAED 730,230 · Oct 2017October 2017 | 61,333 /yr | |
| 511 | 1-bed | 855 sqft | AED 427KAED 427,492 · Oct 2017October 2017 | 46,000 /yr |
501, Mazaya 26 in numbers
- Sold once: by Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company on 29 October 2017 for AED 475,661, or AED 500 per sqft.
- Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 53,000 to AED 32,000 in 2021 and recovered to AED 41,000 by April 2024.
- At AED 41,000 a year the gross yield on the 2017 price is 8.6%, before a service charge of about AED 11,100 a year (AED 11.63 per sqft).
Source: Dubai Land Department. Updated 1 April 2024.
Questions about 501, Mazaya 26
What did unit 501 last sell for?
AED 475,661 on 29 October 2017, sold by the developer: AED 500 per sqft for 951 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 41,000 a year on the contract signed on 1 April 2024. The previous contract, from April 2021, was AED 32,000; the unit has been rented since February 2018.
How big is unit 501?
951 sqft (88.4 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit 501 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 501, Mazaya 26
Starts from the last sale price (AED 476K, 29 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 475,661
- Deposit, UAE resident (20%)
- AED 95,132
- Deposit, non-resident (40%)
- AED 190,264
- Monthly over 25 years at 3.7%
- AED 1,946
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →