1-bed · 856 sqftMazaya 32, Liwan · 5th floor · completed 2015

506, Mazaya 32

Sold prices and rental history: sold once, by the developer in March 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 506 · DLD and Ejari recordsUpdated 1 July 2021

Last soldAED 608K23 March 2016

Current rentAED 32K /yr1 July 2021

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 506, Mazaya 32

Today

What is 506 worth today?

Last sold for AED 607,874 in 2016

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1 Jul 2021

1 Jul 2021RentedRenewal

AED 32,000/yr12 months · AED 37 per sqft

1 Jul 2020

1 Jul 2020RentedNew contract

AED 36,000/yr12 months · AED 42 per sqft

1 Jul 2017

1 Jul 2017RentedNew contract

AED 54,000/yr12 months · AED 63 per sqft

23 Mar 2016

23 Mar 2016Sold by developerReady

AED 607,874AED 709 per sqft

Source: Dubai Land Department. Updated 1 July 2021.

Key facts

Type: 1-bed apartment
Size: 856 sqft
Floor: 5th of 5
Parking: G-42
Developer: Al Mazaya Real Estate
Completed: 2015
Service charge: AED 9,100 /yr
Last sold: AED 608K · March 2016
Building: Mazaya 32

About 506, Mazaya 32

506 is a one-bedroom apartment of 856 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 607,874, 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 since 2017 on 3 Ejari contracts. The current contract, renewed on 1 July 2021, is AED 32,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 9,100 a year.

Sales and rents for 506 over time

Rents

Unit 506, each contractTypical one-bed in Mazaya 32

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 506 sits

All 36 1-beds →

506 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). 506's AED 32,000 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

0 1-bed sales in the last 12 months

Mazaya 32

Building

61 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

Mazaya 32, Liwan: prices, sales and rents →

Other units on the 5th floor

All 61 units in Mazaya 32


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
505	1-bed	811 sqft	AED 576KAED 575,547 · Mar 2016March 2016	48,000 /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

1–7 of 11

506, Mazaya 32 in numbers

Sold once: by Al Mazaya Real Estate on 23 March 2016 for AED 607,874, or AED 709 per sqft.
Rented since July 2017 on 3 Ejari contracts, from AED 54,000 to AED 32,000 a year.
At AED 32,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 9,100 a year (AED 10.65 per sqft).

Source: Dubai Land Department. Updated 1 July 2021.

Questions about 506, Mazaya 32

What did unit 506 last sell for?

AED 607,874 on 23 March 2016, sold by the developer: AED 709 per sqft for 856 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 32,000 a year on the contract renewed on 1 July 2021. The previous contract, from July 2020, was AED 36,000; the unit has been rented since July 2017.

How big is unit 506?

856 sqft (79.5 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2015.

What is unit 506 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 506, Mazaya 32

Starts from the last sale price (AED 608K, 23 March 2016). Switch to today's estimate once you have unlocked it.

Price: AED 607,874
Deposit, UAE resident (20%): AED 121,575
Deposit, non-resident (40%): AED 243,150
Monthly over 25 years at 3.7%: AED 2,487

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