505, Mazaya 02
Sold prices and rental history: sold once, by the developer in May 2009, 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 505, Mazaya 02
What is 505 worth today?
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Source: Dubai Land Department. Updated 6 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 840 sqft
- Floor
- 5th of 9
- Parking
- F-06
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 8,000 /yr
- Last sold
- AED 578K · May 2009
- Building
- Mazaya 02
About 505, Mazaya 02
505 is a one-bedroom apartment of 840 sqft on the 5th floor of Mazaya 02, a 9-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 11 May 2009 for AED 577,639, or AED 687 per sqft, in line with the AED 687 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 6 February 2023, is AED 37,000 a year: a gross yield of 6.4% on the 2009 price, before the service charge of about AED 8,000 a year.
Sales and rents for 505 over time
505 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 02, and where 505 sits
All 53 1-beds →505 last sold in May 2009 at AED 687 per sqft, in line with what one-beds in Mazaya 02 were fetching at the time (AED 687). Over the last 12 months one-beds sold for AED 545,000 to 655,000, around AED 751 per sqft, and rent for AED 42,000 to 60,000 a year. 505's AED 37,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jan 202629 January 2026 | 722 sqft | 550,000 | 761 | ||
| 2 Jan 20262 January 2026 | 996 sqft | 655,000 | 657 | ||
| 25 Dec 202525 December 2025 | 735 sqft | 545,000 | 741 | ||
| 23 Jun 202523 June 2025 | 840 sqft | 560,000 | 666 |
Mazaya 02
Building91 apartments, 1-bed to 3-bed over 9 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 4 sold in the last 12 months.
- Typical price per sqft
- AED 751
- Typical sale
- AED 550K
- Typical rent
- AED 58K /yr
- Typical yield
- 7.8%
Other units on the 5th floor
All 91 units in Mazaya 02| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 652 sqft | AED 380KAED 380,000 · Feb 2024February 2024 | 58,000 /yr | |
| 502 | 2-bed | 1,222 sqft | AED 835KAED 834,881 · Mar 2017March 2017 | 58,800 /yr | |
| 503 | 2-bed | 1,259 sqft | AED 892KAED 892,050 · Aug 2016August 2016 | 66,000 /yr | |
| 504 | 1-bed | 996 sqft | AED 333KAED 333,097 · Sep 2017September 2017 | 58,000 /yr | |
| 506 | 1-bed | 994 sqft | AED 333KAED 332,771 · Sep 2017September 2017 | ||
| 507 | 1-bed | 763 sqft | AED 468KAED 468,000 · Jul 2024July 2024 | 40,000 /yr | |
| 508 | 1-bed | 769 sqft | AED 262KAED 262,021 · Apr 2018April 2018 | 42,000 /yr | |
| 509 | 2-bed | 1,348 sqft | AED 730KAED 730,000 · Apr 2024April 2024 | 70,000 /yr | |
| 510 | 1-bed | 740 sqft | AED 546KAED 545,818 · Nov 2016November 2016 | ||
| 511 | 1-bed | 722 sqft | AED 548KAED 547,582 · Jul 2016July 2016 | 42,000 /yr | |
| 512 | 1-bed | 735 sqft | AED 522KAED 521,563 · May 2016May 2016 | 44,000 /yr |
505, Mazaya 02 in numbers
- Sold once: by Al Mazaya Real Estate on 11 May 2009 for AED 577,639, or AED 687 per sqft.
- Rented since December 2017 on 4 Ejari contracts. The rent fell from AED 50,000 to AED 31,000 in 2021 and recovered to AED 37,000 by February 2023.
- At AED 37,000 a year the gross yield on the 2009 price is 6.4%, before a service charge of about AED 8,000 a year (AED 9.51 per sqft).
- One-beds in Mazaya 02 sold for AED 545,000–655,000 in the 12 months to November 2026; the building's median across all types is AED 751 per sqft.
Source: Dubai Land Department. Updated 6 February 2023.
Questions about 505, Mazaya 02
What did unit 505 last sell for?
AED 577,639 on 11 May 2009, sold by the developer: AED 687 per sqft for 840 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 37,000 a year on the contract signed on 6 February 2023. The previous contract, from February 2021, was AED 31,000; the unit has been rented since December 2017.
How big is unit 505?
840 sqft (78.0 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2014.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mazaya 02 sold for AED 545,000 to 655,000 in the last 12 months, around AED 751 per sqft.
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Mortgage on 505, Mazaya 02
Starts from the last sale price (AED 578K, 11 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 577,639
- Deposit, UAE resident (20%)
- AED 115,528
- Deposit, non-resident (40%)
- AED 231,056
- Monthly over 25 years at 3.7%
- AED 2,363
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →