502, Mazaya 31
Sold prices and rental history: sold twice, last in August 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Mazaya 31
What is 502 worth today?
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Source: Dubai Land Department. Updated 12 August 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 628 sqft
- Floor
- 5th of 5
- Parking
- G-28
- Developer
- Al Mazaya Real Estate
- Completed
- 2013
- Service charge
- AED 7,000 /yr
- Last sold
- AED 295K · August 2022
- Building
- Mazaya 31
About 502, Mazaya 31
502 is a one-bedroom apartment of 628 sqft on the 5th floor of Mazaya 31, a 5-storey tower in Liwan completed in 2013 by Al Mazaya Real Estate. It last sold on 12 August 2022 for AED 295,000, or AED 469 per sqft, 12% above the AED 419 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 30 December 2020, is AED 24,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 7,000 a year.
Sales and rents for 502 over time
502 has sold twice; 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 31, and where 502 sits
All 36 1-beds →502 last sold in August 2022 at AED 469 per sqft, 12% above what one-beds in Mazaya 31 were fetching at the time (AED 419). Over the last 12 months one-beds sold for AED 495,000 to 615,000, around AED 718 per sqft, and rent for AED 38,205 to 58,156 a year. 502's AED 24,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Sep 20269 September 2026 | 641 sqft | 575,000 | 897 | ||
| 13 Aug 202613 August 2026 | 856 sqft | 615,000 | 718 | ||
| 4 Jul 20264 July 2026 | 856 sqft | 530,000 | 619 | ||
| 26 Jan 202626 January 2026 | 641 sqft | 495,000 | 772 |
Mazaya 31
Building61 apartments, 1-bed to 3-bed over 5 floors in Liwan, completed in 2013 by Al Mazaya Real Estate. 9 sold in the last 12 months.
- Typical price per sqft
- AED 718
- Typical sale
- AED 615K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.7%
Other units on the 5th floor
All 61 units in Mazaya 31| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,753 sqft | AED 868KAED 867,500 · Jun 2024June 2024 | 105,000 /yr | |
| 503 | 2-bed | 1,115 sqft | AED 797KAED 797,083 · Jan 2015January 2015 | 56,826 /yr | |
| 504 | 1-bed | 856 sqft | AED 490KAED 490,000 · Nov 2024November 2024 | 37,800 /yr | |
| 505 | 1-bed | 833 sqft | AED 493KAED 493,000 · Sep 2024September 2024 | 58,000 /yr | |
| 506 | 1-bed | 845 sqft | AED 618KAED 618,121 · May 2009May 2009 | 40,425 /yr | |
| 507 | 2-bed | 1,096 sqft | AED 449KAED 449,370 · Nov 2014November 2014 | 68,000 /yr | |
| 508 | 1-bed | 628 sqft | AED 263KAED 262,500 · Mar 2016March 2016 | 46,000 /yr | |
| 509 | 1-bed | 636 sqft | AED 223KAED 223,154 · Nov 2014November 2014 | 45,000 /yr | |
| 510 | 2-bed | 1,117 sqft | AED 650KAED 650,000 · Feb 2024February 2024 | 38,000 /yr | |
| 511 | 1-bed | 889 sqft | AED 485KAED 485,000 · Sep 2024September 2024 | 50,000 /yr | |
| 512 | 2-bed | 1,714 sqft | AED 1.19MAED 1,194,991 · May 2009May 2009 | 61,374 /yr |
502, Mazaya 31 in numbers
- Sold twice: first on 6 May 2009 for AED 449,566, last on 12 August 2022 for AED 295,000 (AED 469 per sqft).
- Rented since June 2018 on 3 Ejari contracts, from AED 39,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2022 price is 8.1%, before a service charge of about AED 7,000 a year (AED 11.07 per sqft).
- One-beds in Mazaya 31 sold for AED 495,000–615,000 in the 12 months to November 2026; the building's median across all types is AED 718 per sqft.
Source: Dubai Land Department. Updated 12 August 2022.
Questions about 502, Mazaya 31
What did unit 502 last sell for?
AED 295,000 on 12 August 2022: AED 469 per sqft for 628 sqft. The unit has 2 registered sales; the first was AED 449,566 in May 2009.
What is the rent for unit 502?
AED 24,000 a year on the contract signed on 30 December 2020. The previous contract, from July 2019, was AED 30,000; the unit has been rented since June 2018.
How big is unit 502?
628 sqft (58.3 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2013.
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 31 sold for AED 495,000 to 615,000 in the last 12 months, around AED 718 per sqft.
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Mortgage on 502, Mazaya 31
Starts from the last sale price (AED 295K, 12 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 295,000
- Deposit, UAE resident (20%)
- AED 59,000
- Deposit, non-resident (40%)
- AED 118,000
- Monthly over 25 years at 3.7%
- AED 1,207
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →