511, Mazaya 24
Sold prices and rental history: sold twice, last in May 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Mazaya 24
What is 511 worth today?
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Source: Dubai Land Department. Updated 17 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,053 sqft
- Floor
- 5th of 5
- Parking
- G-65
- Developer
- Al Mazaya Real Estate
- Completed
- 2014
- Service charge
- AED 12,700 /yr
- Last sold
- AED 550K · May 2023
- Building
- Mazaya 24
About 511, Mazaya 24
511 is a two-bedroom apartment of 1,053 sqft on the 5th floor of Mazaya 24, a 5-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 17 May 2023 for AED 550,000, or AED 522 per sqft.
It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 20 April 2021, is AED 38,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 12,700 a year.
Sales and rents for 511 over time
511 has sold twice; 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 24, and where 511 sits
All 20 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Nov 202419 November 2024 | 1,054 sqft | 675,000 | 640 | ||
| 12 Jun 202412 June 2024 | 1,054 sqft | 665,000 | 630 | ||
| 1 May 20241 May 2024 | 1,042 sqft | 625,000 | 599 | ||
| 23 Nov 202223 November 2022 | 1,054 sqft | 525,000 | 498 |
Mazaya 24
Building65 apartments, 1-bed to 2-bed over 5 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 4 sold in the last 12 months.
- Typical price per sqft
- AED 877
- Typical sale
- AED 500K
- Typical rent
- AED 45K /yr
- Typical yield
- 8.7%
Other units on the 5th floor
All 65 units in Mazaya 24| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,043 sqft | AED 485KAED 485,000 · Apr 2022April 2022 | 35,000 /yr | |
| 502 | 1-bed | 731 sqft | AED 355KAED 355,000 · Apr 2022April 2022 | 36,000 /yr | |
| 503 | 1-bed | 717 sqft | AED 175KAED 175,000 · May 2023May 2023 | 39,000 /yr | |
| 504 | 1-bed | 725 sqft | AED 523KAED 523,466 · Feb 2009February 2009 | 34,685 /yr | |
| 505 | 2-bed | 1,045 sqft | AED 499KAED 499,000 · Dec 2020December 2020 | 65,000 /yr | |
| 506 | 1-bed | 562 sqft | AED 500KAED 500,000 · Oct 2015October 2015 | 33,000 /yr | |
| 507 | 1-bed | 571 sqft | AED 500KAED 500,000 · Jun 2025June 2025 | 38,500 /yr | |
| 508 | 2-bed | 1,054 sqft | AED 665KAED 665,000 · Jun 2024June 2024 | 70,000 /yr | |
| 509 | 1-bed | 930 sqft | No registered sale | ||
| 510 | 1-bed | 930 sqft | AED 330KAED 330,000 · Jun 2022June 2022 | 43,000 /yr | |
| 512 | 1-bed | 572 sqft | AED 480KAED 479,951 · Jun 2014June 2014 | 48,000 /yr | |
| 513 | 1-bed | 564 sqft | AED 300KAED 300,000 · Nov 2023November 2023 | 60,000 /yr |
511, Mazaya 24 in numbers
- Sold twice: first on 28 December 2014 for AED 651,436, last on 17 May 2023 for AED 550,000 (AED 522 per sqft).
- Rented since February 2015 on 3 Ejari contracts, from AED 70,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 12,700 a year (AED 12.09 per sqft).
Source: Dubai Land Department. Updated 17 May 2023.
Questions about 511, Mazaya 24
What did unit 511 last sell for?
AED 550,000 on 17 May 2023: AED 522 per sqft for 1,053 sqft. The unit has 2 registered sales; the first was AED 651,436 in December 2014.
What is the rent for unit 511?
AED 38,000 a year on the contract renewed on 20 April 2021. The previous contract, from April 2018, was AED 52,000; the unit has been rented since February 2015.
How big is unit 511?
1,053 sqft (97.8 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2014.
What is unit 511 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 511, Mazaya 24
Starts from the last sale price (AED 550K, 17 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →