507, Mazaya 32
Sold prices and rental history: sold twice, last 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 507, Mazaya 32
What is 507 worth today?
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Source: Dubai Land Department. Updated 5 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,090 sqft
- Floor
- 5th of 5
- Parking
- G-56
- Developer
- Al Mazaya Real Estate
- Completed
- 2015
- Service charge
- AED 11,600 /yr
- Last sold
- AED 752K · March 2016
- Building
- Mazaya 32
About 507, Mazaya 32
507 is a two-bedroom apartment of 1,090 sqft on the 5th floor of Mazaya 32, a 5-storey tower in Liwan completed in 2015 by Al Mazaya Real Estate. It last sold on 24 March 2016 for AED 751,770, or AED 689 per sqft, in line with the AED 689 two-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 5 July 2024, is AED 66,000 a year: a gross yield of 8.8% on the 2016 price, before the service charge of about AED 11,600 a year.
Sales and rents for 507 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya 32, and where 507 sits
All 21 2-beds →507 last sold in March 2016 at AED 689 per sqft, in line with what two-beds in Mazaya 32 were fetching at the time (AED 689). 507's AED 66,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Dec 20167 December 2016 | 1,113 sqft | 767,664 | 689 | ||
| 22 Nov 201622 November 2016 | 1,113 sqft | 767,813 | 689 | ||
| 22 Sep 201622 September 2016 | 1,713 sqft | 1,147,976 | 669 | ||
| 30 Jun 201630 June 2016 | 1,113 sqft | 767,813 | 689 |
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 | |
| 505 | 1-bed | 811 sqft | AED 576KAED 575,547 · Mar 2016March 2016 | 48,000 /yr | |
| 506 | 1-bed | 856 sqft | AED 608KAED 607,874 · Mar 2016March 2016 | 32,000 /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 |
507, Mazaya 32 in numbers
- Sold twice: first on 25 May 2009 for AED 346,558, last on 24 March 2016 for AED 751,770 (AED 689 per sqft).
- Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 64,000 to AED 42,000 in 2020 and recovered to AED 66,000 by July 2024.
- At AED 66,000 a year the gross yield on the 2016 price is 8.8%, before a service charge of about AED 11,600 a year (AED 10.65 per sqft).
Source: Dubai Land Department. Updated 5 July 2024.
Questions about 507, Mazaya 32
What did unit 507 last sell for?
AED 751,770 on 24 March 2016: AED 689 per sqft for 1,090 sqft. The unit has 2 registered sales; the first was AED 346,558 in May 2009.
What is the rent for unit 507?
AED 66,000 a year on the contract signed on 5 July 2024. The previous contract, from May 2023, was AED 55,000; the unit has been rented since September 2017.
How big is unit 507?
1,090 sqft (101.3 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2015.
What is unit 507 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 507, Mazaya 32
Starts from the last sale price (AED 752K, 24 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 751,770
- Deposit, UAE resident (20%)
- AED 150,354
- Deposit, non-resident (40%)
- AED 300,708
- Monthly over 25 years at 3.7%
- AED 3,076
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →