506, Mazaya - Ghanima (Queue Point - R097)
Sold prices and rental history: sold once, by the developer in May 2009, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mazaya - Ghanima (Queue Point - R097)
What is 506 worth today?
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Source: Dubai Land Department. Updated 15 February 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 833 sqft
- Floor
- 5th of 6
- Parking
- G-51
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 10,000 /yr
- Last sold
- AED 584K · May 2009
About 506, Mazaya - Ghanima (Queue Point - R097)
506 is a one-bedroom apartment of 833 sqft on the 5th floor of Mazaya - Ghanima (Queue Point - R097), a 6-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 10 May 2009 for AED 583,775, or AED 700 per sqft, in line with the AED 683 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 15 February 2021, is AED 26,000 a year: a gross yield of 4.5% on the 2009 price, before the service charge of about AED 10,000 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 - Ghanima (Queue Point - R097), and where 506 sits
All 38 1-beds →506 last sold in May 2009 at AED 700 per sqft, in line with what one-beds in Mazaya - Ghanima (Queue Point - R097) were fetching at the time (AED 683). Over the last 12 months one-beds sold for AED 535,000 to 640,000, around AED 843 per sqft, and rent for AED 43,000 to 62,000 a year. 506's AED 26,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Apr 20262 April 2026 | 824 sqft | 640,000 | 776 | ||
| 31 Mar 202631 March 2026 | 805 sqft | 640,000 | 794 | ||
| 3 Feb 20263 February 2026 | 596 sqft | 550,000 | 922 | ||
| 22 Dec 202522 December 2025 | 600 sqft | 535,000 | 892 |
Mazaya - Ghanima (Queue Point - R097)
Building55 apartments, 1-bed to 3-bed over 6 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 794
- Typical sale
- AED 640K
- Typical rent
- AED 52K /yr
- Typical yield
- 9.3%
Other units on the 5th floor
All 55 units in Mazaya - Ghanima (Queue Point - R097)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 833 sqft | AED 584KAED 583,775 · Feb 2015February 2015 | 25,000 /yr | |
| 502 | 3-bed | 1,752 sqft | AED 700KAED 700,000 · May 2015May 2015 | 97,000 /yr | |
| 503 | 2-bed | 1,626 sqft | AED 1.14MAED 1,143,605 · May 2009May 2009 | 60,000 /yr | |
| 504 | 2-bed | 1,631 sqft | AED 1.14MAED 1,143,605 · May 2009May 2009 | 60,000 /yr | |
| 505 | 3-bed | 1,744 sqft | AED 1.25MAED 1,251,476 · May 2009May 2009 | 100,000 /yr | |
| 507 | 1-bed | 616 sqft | AED 231KAED 231,069 · Feb 2015February 2015 | 48,000 /yr | |
| 508 | 1-bed | 620 sqft | AED 462KAED 462,137 · Mar 2015March 2015 | 48,000 /yr |
506, Mazaya - Ghanima (Queue Point - R097) in numbers
- Sold once: by Al Mazaya Real Estate on 10 May 2009 for AED 583,775, or AED 700 per sqft.
- Rented since July 2018 on 3 Ejari contracts, from AED 43,000 to AED 26,000 a year.
- At AED 26,000 a year the gross yield on the 2009 price is 4.5%, before a service charge of about AED 10,000 a year (AED 12.01 per sqft).
- One-beds in Mazaya - Ghanima (Queue Point - R097) sold for AED 535,000–640,000 in the 12 months to November 2026; the building's median across all types is AED 794 per sqft.
Source: Dubai Land Department. Updated 15 February 2021.
Questions about 506, Mazaya - Ghanima (Queue Point - R097)
What did unit 506 last sell for?
AED 583,775 on 10 May 2009, sold by the developer: AED 700 per sqft for 833 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 26,000 a year on the contract signed on 15 February 2021. The previous contract, from November 2019, was AED 33,000; the unit has been rented since July 2018.
How big is unit 506?
833 sqft (77.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2014.
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 - Ghanima (Queue Point - R097) sold for AED 535,000 to 640,000 in the last 12 months, around AED 843 per sqft.
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Mortgage on 506, Mazaya - Ghanima (Queue Point - R097)
Starts from the last sale price (AED 584K, 10 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 583,775
- Deposit, UAE resident (20%)
- AED 116,755
- Deposit, non-resident (40%)
- AED 233,510
- Monthly over 25 years at 3.7%
- AED 2,388
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →