507, Mazaya 15
Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Mazaya 15
What is 507 worth today?
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Source: Dubai Land Department. Updated 25 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,157 sqft
- Floor
- 5th of 10
- Parking
- G-85
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 11,200 /yr
- Last sold
- AED 808K · April 2009
- Building
- Mazaya 15
About 507, Mazaya 15
507 is a two-bedroom apartment of 1,157 sqft on the 5th floor of Mazaya 15, a 10-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. The developer sold it on 28 April 2009 for AED 808,368, or AED 698 per sqft, in line with the AED 698 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 25 January 2025, is AED 55,902 a year: a gross yield of 6.9% on the 2009 price, before the service charge of about AED 11,200 a year.
Sales and rents for 507 over time
507 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mazaya 15, and where 507 sits
All 24 2-beds →507 last sold in April 2009 at AED 698 per sqft, in line with what two-beds in Mazaya 15 were fetching at the time (AED 698). 507's AED 55,902 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Jun 202518 June 2025 | 1,157 sqft | 870,000 | 751 | ||
| 13 May 202513 May 2025 | 1,415 sqft | 1,080,000 | 763 | ||
| 9 May 20259 May 2025 | 1,157 sqft | 700,000 | 604 | ||
| 17 Mar 202517 March 2025 | 1,415 sqft | 1,000,000 | 706 |
Mazaya 15
Building82 apartments, 1-bed to 3-bed over 10 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 1 sold in the last 12 months.
- Typical price per sqft
- AED 573
- Typical sale
- AED 656K
- Typical rent
- AED 53K /yr
- Typical yield
- 11.3%
Other units on the 5th floor
All 82 units in Mazaya 15| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,562 sqft | AED 584KAED 584,072 · Nov 2015November 2015 | 82,500 /yr | |
| 502 | 1-bed | 636 sqft | AED 228KAED 228,385 · Nov 2015November 2015 | 50,000 /yr | |
| 503 | 1-bed | 1,192 sqft | AED 828KAED 828,485 · Apr 2009April 2009 | 37,000 /yr | |
| 504 | 2-bed | 1,515 sqft | AED 680KAED 680,000 · May 2022May 2022 | 57,879 /yr | |
| 505 | 2-bed | 1,415 sqft | AED 1MAED 1,000,000 · Mar 2025March 2025 | 85,000 /yr | |
| 506 | 1-bed | 835 sqft | AED 613KAED 613,123 · May 2009May 2009 | 44,100 /yr |
507, Mazaya 15 in numbers
- Sold once: by Al Mazaya Real Estate on 28 April 2009 for AED 808,368, or AED 698 per sqft.
- Rented since June 2015 on 10 Ejari contracts. The rent fell from AED 80,000 to AED 42,000 in 2022 and recovered to AED 55,902 by January 2025.
- At AED 55,902 a year the gross yield on the 2009 price is 6.9%, before a service charge of about AED 11,200 a year (AED 9.65 per sqft).
Source: Dubai Land Department. Updated 25 January 2025.
Questions about 507, Mazaya 15
What did unit 507 last sell for?
AED 808,368 on 28 April 2009, sold by the developer: AED 698 per sqft for 1,157 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 55,902 a year on the contract renewed on 25 January 2025. The previous contract, from January 2024, was AED 50,820; the unit has been rented since June 2015.
How big is unit 507?
1,157 sqft (107.5 sqm): a two-bedroom apartment on the 5th floor of a 10-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.
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Mortgage on 507, Mazaya 15
Starts from the last sale price (AED 808K, 28 April 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 808,368
- Deposit, UAE resident (20%)
- AED 161,674
- Deposit, non-resident (40%)
- AED 323,347
- Monthly over 25 years at 3.7%
- AED 3,307
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →