505, Mazaya 32
Sold prices and rental history: sold once, by the developer in March 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Mazaya 32
What is 505 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 811 sqft
- Floor
- 5th of 5
- Parking
- G-12
- Developer
- Al Mazaya Real Estate
- Completed
- 2015
- Service charge
- AED 8,600 /yr
- Last sold
- AED 576K · March 2016
- Building
- Mazaya 32
About 505, Mazaya 32
505 is a one-bedroom apartment of 811 sqft on the 5th floor of Mazaya 32, a 5-storey tower in Liwan completed in 2015 by Al Mazaya Real Estate. The developer sold it on 23 March 2016 for AED 575,547, or AED 709 per sqft, in line with the AED 709 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 July 2024, is AED 48,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 8,600 a year.
Sales and rents for 505 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 32, and where 505 sits
All 36 1-beds →505 last sold in March 2016 at AED 709 per sqft, in line with what one-beds in Mazaya 32 were fetching at the time (AED 709). 505's AED 48,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Aug 20179 August 2017 | 873 sqft | 620,102 | 709 | ||
| 31 Jul 201731 July 2017 | 631 sqft | 460,380 | 729 | ||
| 5 Sep 20165 September 2016 | 814 sqft | 577,763 | 709 | ||
| 18 Jul 201618 July 2016 | 636 sqft | 464,387 | 729 |
Mazaya 32
Building61 apartments, 1-bed to 3-bed over 5 floors in Liwan, completed in 2015 by Al Mazaya Real Estate. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 53K /yr
- Typical yield
Other units on the 5th floor
All 61 units in Mazaya 32| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,750 sqft | AED 1.13MAED 1,125,636 · Mar 2016March 2016 | 72,000 /yr | |
| 502 | 1-bed | 631 sqft | AED 460KAED 460,380 · Jul 2017July 2017 | 38,000 /yr | |
| 503 | 2-bed | 1,113 sqft | AED 768KAED 767,961 · Mar 2016March 2016 | 58,000 /yr | |
| 504 | 1-bed | 873 sqft | AED 620KAED 620,102 · Aug 2017August 2017 | 58,000 /yr | |
| 506 | 1-bed | 856 sqft | AED 608KAED 607,874 · Mar 2016March 2016 | 32,000 /yr | |
| 507 | 2-bed | 1,090 sqft | AED 752KAED 751,770 · Mar 2016March 2016 | 66,000 /yr | |
| 508 | 1-bed | 631 sqft | AED 460KAED 460,380 · Apr 2016April 2016 | 52,000 /yr | |
| 509 | 1-bed | 638 sqft | AED 466KAED 465,801 · Mar 2016March 2016 | 44,500 /yr | |
| 510 | 2-bed | 1,113 sqft | AED 768KAED 767,664 · Dec 2016December 2016 | 63,000 /yr | |
| 511 | 1-bed | 891 sqft | AED 633KAED 632,788 · Mar 2016March 2016 | 53,000 /yr | |
| 512 | 2-bed | 1,715 sqft | AED 1.15MAED 1,149,347 · Mar 2016March 2016 | 66,000 /yr |
505, Mazaya 32 in numbers
- Sold once: by Al Mazaya Real Estate on 23 March 2016 for AED 575,547, or AED 709 per sqft.
- Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 50,000 to AED 29,400 in 2022 and recovered to AED 48,000 by July 2024.
- At AED 48,000 a year the gross yield on the 2016 price is 8.3%, before a service charge of about AED 8,600 a year (AED 10.65 per sqft).
Source: Dubai Land Department. Updated 10 July 2024.
Questions about 505, Mazaya 32
What did unit 505 last sell for?
AED 575,547 on 23 March 2016, sold by the developer: AED 709 per sqft for 811 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 48,000 a year on the contract signed on 10 July 2024. The previous contract, from June 2023, was AED 32,000; the unit has been rented since April 2017.
How big is unit 505?
811 sqft (75.3 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2015.
What is unit 505 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 505, Mazaya 32
Starts from the last sale price (AED 576K, 23 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 575,547
- Deposit, UAE resident (20%)
- AED 115,109
- Deposit, non-resident (40%)
- AED 230,219
- Monthly over 25 years at 3.7%
- AED 2,355
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →