508, Mazaya - Monaco residency (Queue Point - R100)
Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Mazaya - Monaco residency (Queue Point - R100)
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 809 sqft
- Floor
- 5th of 5
- Parking
- G-29
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 6,100 /yr
- Last sold
- AED 536K · October 2015
About 508, Mazaya - Monaco residency (Queue Point - R100)
508 is a one-bedroom apartment of 809 sqft on the 5th floor of Mazaya - Monaco residency (Queue Point - R100), a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 22 October 2015 for AED 535,547, or AED 662 per sqft, in line with the AED 662 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 1 June 2024, is AED 35,000 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 6,100 a year.
Sales and rents for 508 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 - Monaco residency (Queue Point - R100), and where 508 sits
All 25 1-beds →508 last sold in October 2015 at AED 662 per sqft, in line with what one-beds in Mazaya - Monaco residency (Queue Point - R100) were fetching at the time (AED 662). 508's AED 35,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 201522 October 2015 | 657 sqft | 434,900 | 662 | ||
| 22 Oct 201522 October 2015 | 809 sqft | 535,547 | 662 | ||
| 22 Oct 201522 October 2015 | 571 sqft | 378,086 | 662 | ||
| 22 Oct 201522 October 2015 | 657 sqft | 434,890 | 662 |
Mazaya - Monaco residency (Queue Point - R100)
Building40 apartments, 1-bed to 3-bed over 5 floors in Liwan, completed in 2014 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 49K /yr
- Typical yield
Other units on the 5th floor
All 40 units in Mazaya - Monaco residency (Queue Point - R100)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 970 sqft | AED 642KAED 642,048 · Oct 2015October 2015 | 59,000 /yr | |
| 502 | 1-bed | 657 sqft | AED 435KAED 434,900 · Oct 2015October 2015 | 45,000 /yr | |
| 503 | 1-bed | 607 sqft | AED 402KAED 401,821 · Oct 2015October 2015 | 62,500 /yr | |
| 504 | 3-bed | 1,619 sqft | AED 1.07MAED 1,072,312 · Oct 2015October 2015 | 83,500 /yr | |
| 505 | 1-bed | 576 sqft | AED 381KAED 381,218 · Oct 2015October 2015 | 48,000 /yr | |
| 506 | 1-bed | 571 sqft | AED 378KAED 378,086 · Oct 2015October 2015 | 46,000 /yr | |
| 507 | 2-bed | 1,531 sqft | AED 1.01MAED 1,014,068 · Oct 2015October 2015 | 70,000 /yr |
508, Mazaya - Monaco residency (Queue Point - R100) in numbers
- Sold once: by Al Mazaya Real Estate on 22 October 2015 for AED 535,547, or AED 662 per sqft.
- Rented since November 2014 on 7 Ejari contracts. The rent fell from AED 62,500 to AED 24,000 in 2021 and recovered to AED 35,000 by June 2024.
- At AED 35,000 a year the gross yield on the 2015 price is 6.5%, before a service charge of about AED 6,100 a year (AED 7.49 per sqft).
Source: Dubai Land Department. Updated 1 June 2024.
Questions about 508, Mazaya - Monaco residency (Queue Point - R100)
What did unit 508 last sell for?
AED 535,547 on 22 October 2015, sold by the developer: AED 662 per sqft for 809 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 35,000 a year on the contract signed on 1 June 2024. The previous contract, from June 2021, was AED 24,000; the unit has been rented since November 2014.
How big is unit 508?
809 sqft (75.2 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2014.
What is unit 508 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 508, Mazaya - Monaco residency (Queue Point - R100)
Starts from the last sale price (AED 536K, 22 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 535,547
- Deposit, UAE resident (20%)
- AED 107,109
- Deposit, non-resident (40%)
- AED 214,219
- Monthly over 25 years at 3.7%
- AED 2,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →