506, Mazaya 31
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mazaya 31
What is 506 worth today?
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Source: Dubai Land Department. Updated 4 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 845 sqft
- Floor
- 5th of 5
- Parking
- G-35
- Developer
- Al Mazaya Real Estate
- Completed
- 2013
- Service charge
- AED 9,400 /yr
- Last sold
- AED 618K · May 2009
- Building
- Mazaya 31
About 506, Mazaya 31
506 is a one-bedroom apartment of 845 sqft on the 5th floor of Mazaya 31, a 5-storey tower in Liwan completed in 2013 by Al Mazaya Real Estate. The developer sold it on 5 May 2009 for AED 618,121, or AED 731 per sqft, in line with the AED 731 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 4 July 2024, is AED 40,425 a year: a gross yield of 6.5% on the 2009 price, before the service charge of about AED 9,400 a year.
Sales and rents for 506 over time
506 has sold once; 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 506 sits
All 36 1-beds →506 last sold in May 2009 at AED 731 per sqft, in line with what one-beds in Mazaya 31 were fetching at the time (AED 731). 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. 506's AED 40,425 is in the lower half 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 | |
| 502 | 1-bed | 628 sqft | AED 295KAED 295,000 · Aug 2022August 2022 | 24,000 /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 | |
| 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 |
506, Mazaya 31 in numbers
- Sold once: by Al Mazaya Real Estate on 5 May 2009 for AED 618,121, or AED 731 per sqft.
- Rented since November 2015 on 10 Ejari contracts. The rent fell from AED 57,000 to AED 32,000 in 2021 and recovered to AED 40,425 by July 2024.
- At AED 40,425 a year the gross yield on the 2009 price is 6.5%, before a service charge of about AED 9,400 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 4 July 2024.
Questions about 506, Mazaya 31
What did unit 506 last sell for?
AED 618,121 on 5 May 2009, sold by the developer: AED 731 per sqft for 845 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 40,425 a year on the contract renewed on 4 July 2024. The previous contract, from July 2023, was AED 36,750; the unit has been rented since November 2015.
How big is unit 506?
845 sqft (78.5 sqm): a one-bedroom apartment on the 5th floor of a 5-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 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 506, Mazaya 31
Starts from the last sale price (AED 618K, 5 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 618,121
- Deposit, UAE resident (20%)
- AED 123,624
- Deposit, non-resident (40%)
- AED 247,248
- Monthly over 25 years at 3.7%
- AED 2,529
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →