2-bed · 1,460 sqftMazaya 26, Liwan · 5th floor · completed 2017

510, 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.

Unit 510 · DLD and Ejari recordsUpdated 10 January 2023
Last soldAED 730K29 October 2017
Current rentAED 61K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Mazaya 26

What is 510 worth today?

Last sold for AED 730,230 in 2017

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10 Jan 2023RentedRenewal
AED 61,333/yr36 months · AED 42 per sqft
10 Jan 2023RentedRenewal
AED 61,333/yr36 months · AED 42 per sqft
10 Jan 2022RentedNew contract
AED 55,000/yr12 months · AED 38 per sqft
10 Jan 2021RentedNew contract
AED 55,000/yr12 months · AED 38 per sqft
10 Jan 2018RentedNew contract
AED 74,000/yr12 months · AED 51 per sqft
29 Oct 2017Sold by developerOff-plan
AED 730,230AED 500 per sqft

Source: Dubai Land Department. Updated 10 January 2023.

Key facts

Type
2-bed apartment
Size
1,460 sqft
Floor
5th of 9
Parking
G-97
Developer
Al Mazaya Emirates Real Estate Development Owned By Mazaya Alghad One Person Company
Completed
2017
Service charge
AED 17,000 /yr
Last sold
AED 730K · October 2017
Building
Mazaya 26

About 510, Mazaya 26

510 is a two-bedroom apartment of 1,460 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 730,230, or AED 500 per sqft, in line with the AED 500 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 10 January 2023, is AED 61,333 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 17,000 a year.

Sales and rents for 510 over time

Rents
Unit 510, each contractTypical two-bed in Mazaya 26
60K70K2018202120242027Typical rent by year: 2018 AED 73,000; 2019 AED 68,000; 2020 AED 60,000; 2021 AED 54,000; 2022 AED 55,000; 2023 AED 58,500; 2024 AED 61,000; 2025 AED 64,000; 2026 AED 67,000New contract, January 2018: AED 74,000 a yearNew contract, January 2021: AED 55,000 a yearNew contract, January 2022: AED 55,000 a yearRenewal, January 2023: AED 61,333 a yearRenewal, January 2023: AED 61,333 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 26, and where 510 sits

All 18 2-beds →

510 last sold in October 2017 at AED 500 per sqft, in line with what two-beds in Mazaya 26 were fetching at the time (AED 500). 510's AED 61,333 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Oct 2017730,929
31 Oct 2017730,230
31 Oct 2017730,284
31 Oct 2017730,983
0 2-bed sales in the last 12 months

Mazaya 26

Building

99 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
Mazaya 26, Liwan: prices, sales and rents →

Other units on the 5th floor

All 99 units in Mazaya 26
Value
5011-bedAED 476K · Oct 2017
5021-bedAED 430K · Oct 2017
5031-bedAED 421K · Oct 2017
504StudioAED 319K · Oct 2017
5051-bedAED 398K · Oct 2017
5061-bedAED 408K · Oct 2017
5071-bedAED 455K · Oct 2017
1–7 of 10

510, 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 730,230, or AED 500 per sqft.
  • Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 74,000 to AED 55,000 in 2022 and recovered to AED 61,333 by January 2023.
  • At AED 61,333 a year the gross yield on the 2017 price is 8.4%, before a service charge of about AED 17,000 a year (AED 11.63 per sqft).

Source: Dubai Land Department. Updated 10 January 2023.

Questions about 510, Mazaya 26

What did unit 510 last sell for?

AED 730,230 on 29 October 2017, sold by the developer: AED 500 per sqft for 1,460 sqft. It is the only registered sale of the unit.

What is the rent for unit 510?

AED 61,333 a year on the contract renewed on 10 January 2023. The previous contract, from January 2023, was AED 61,333; the unit has been rented since January 2018.

How big is unit 510?

1,460 sqft (135.6 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit 510 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 510, Mazaya 26

Starts from the last sale price (AED 730K, 29 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 730,230
Deposit, UAE resident (20%)
AED 146,046
Deposit, non-resident (40%)
AED 292,092
Monthly over 25 years at 3.7%
AED 2,988

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