2-bed · 1,461 sqftMazaya - Tala Tower, Liwan · 5th floor · completed 2014

507, Mazaya - Tala Tower

Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 6 September 2020
Last soldAED 592K6 September 2020
Current rentAED 65K /yr3 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Mazaya - Tala Tower

What is 507 worth today?

Last sold for AED 592,000 in 2020

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6 Sep 2020Sold by developerReady
AED 592,000AED 405 per sqft
3 Aug 2018RentedNew contract
AED 65,000/yr12 months · AED 45 per sqft
3 Aug 2017RentedRenewal
AED 68,000/yr12 months · AED 46 per sqft
3 Aug 2016RentedRenewal
AED 70,000/yr12 months · AED 48 per sqft
3 Aug 2015RentedRenewal
AED 70,000/yr12 months · AED 48 per sqft
3 Aug 2014RentedNew contract
AED 70,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 6 September 2020.

Key facts

Type
2-bed apartment
Size
1,461 sqft
Floor
5th of 8
Parking
G-46
Developer
Al Mazaya Holding Company
Completed
2014
Service charge
AED 14,100 /yr
Last sold
AED 592K · September 2020

About 507, Mazaya - Tala Tower

507 is a two-bedroom apartment of 1,461 sqft on the 5th floor of Mazaya - Tala Tower, a 8-storey tower in Liwan completed in 2014 by Al Mazaya Holding Company. The developer sold it on 6 September 2020 for AED 592,000, or AED 405 per sqft, in line with the AED 408 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 3 August 2018, is AED 65,000 a year: a gross yield of 11.0% on the 2020 price, before the service charge of about AED 14,100 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Mazaya - Tala Tower
500K750K1M2009201420192024Typical sale price by year: 2009 AED 1,079,658; 2014 AED 615,789; 2015 AED 834,000; 2020 AED 577,413; 2021 AED 585,000; 2024 AED 755,000; 2026 AED 850,000Sold by developer, September 2020: AED 592,000 (AED 405 per sqft)

507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 507, each contractTypical two-bed in Mazaya - Tala Tower
40K60K80K2014201820222026Typical rent by year: 2014 AED 70,000; 2015 AED 80,000; 2016 AED 78,000; 2017 AED 70,500; 2018 AED 62,000; 2019 AED 56,000; 2020 AED 52,000; 2021 AED 43,000; 2022 AED 47,150; 2023 AED 55,500; 2024 AED 59,500; 2025 AED 65,000; 2026 AED 80,000New contract, August 2014: AED 70,000 a yearRenewal, August 2015: AED 70,000 a yearRenewal, August 2016: AED 70,000 a yearRenewal, August 2017: AED 68,000 a yearNew contract, August 2018: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya - Tala Tower, and where 507 sits

All 29 2-beds →

507 last sold in September 2020 at AED 405 per sqft, in line with what two-beds in Mazaya - Tala Tower were fetching at the time (AED 408). Over the last 12 months two-beds sold for AED 780,000 to 1,020,000, around AED 585 per sqft, and rent for AED 56,884 to 100,000 a year. 507's AED 65,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jun 2026860,000
11 Mar 2026850,000
3 Mar 20261,020,000
5 Feb 2026820,000
6 2-bed sales in the last 12 months

Mazaya - Tala Tower

Building

63 apartments, 1-bed to 3-bed over 8 floors in Liwan, completed in 2014 by Al Mazaya Holding Company. 6 sold in the last 12 months.

Typical price per sqft
AED 585
Typical sale
AED 835K
Typical rent
AED 49K /yr
Typical yield
9.1%
Mazaya - Tala Tower, Liwan: prices, sales and rents →

Other units on the 5th floor

All 63 units in Mazaya - Tala Tower
Value
5011-bedAED 365K · Jun 2021
5022-bedAED 520K · Jan 2021
5031-bedAED 450K · Jul 2020
5042-bedAED 780K · Nov 2024
5052-bedAED 700K · Aug 2023
5062-bedAED 675K · Feb 2021

507, Mazaya - Tala Tower in numbers

  • Sold once: by Al Mazaya Holding Company on 6 September 2020 for AED 592,000, or AED 405 per sqft.
  • Rented since August 2014 on 5 Ejari contracts, from AED 70,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2020 price is 11.0%, before a service charge of about AED 14,100 a year (AED 9.65 per sqft).
  • Two-beds in Mazaya - Tala Tower sold for AED 780,000–1,020,000 in the 12 months to November 2026; the building's median across all types is AED 585 per sqft.

Source: Dubai Land Department. Updated 6 September 2020.

Questions about 507, Mazaya - Tala Tower

What did unit 507 last sell for?

AED 592,000 on 6 September 2020, sold by the developer: AED 405 per sqft for 1,461 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 65,000 a year on the contract signed on 3 August 2018. The previous contract, from August 2017, was AED 68,000; the unit has been rented since August 2014.

How big is unit 507?

1,461 sqft (135.7 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya - Tala Tower sold for AED 780,000 to 1,020,000 in the last 12 months, around AED 585 per sqft.

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Mortgage on 507, Mazaya - Tala Tower

Starts from the last sale price (AED 592K, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 592,000
Deposit, UAE resident (20%)
AED 118,400
Deposit, non-resident (40%)
AED 236,800
Monthly over 25 years at 3.7%
AED 2,422

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