1202, Mayfair Residency
Sold prices and rental history: sold twice, last in January 2013, 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 1202, Mayfair Residency
What is 1202 worth today?
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Source: Dubai Land Department. Updated 27 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 780 sqft
- Floor
- 12th of 18
- Parking
- B1-42
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.14M · January 2013
- Building
- Mayfair Residency
About 1202, Mayfair Residency
1202 is a one-bedroom apartment of 780 sqft on the 12th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 13 January 2013 for AED 1,136,724, or AED 1,458 per sqft, 16% above the AED 1,253 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 27 February 2024, is AED 75,000 a year: a gross yield of 6.6% on the 2013 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1202 over time
1202 has sold twice; 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 Mayfair Residency, and where 1202 sits
All 197 1-beds →1202 last sold in January 2013 at AED 1,458 per sqft, 16% above what one-beds in Mayfair Residency were fetching at the time (AED 1,253). Over the last 12 months one-beds sold for AED 400,000 to 1,500,000, around AED 1,421 per sqft, and rent for AED 36,000 to 120,000 a year. 1202's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20263 September 2026 | 298 sqft | 400,000 | 1,342 | ||
| 12 Aug 202612 August 2026 | 416 sqft | 540,199 | 1,297 | ||
| 12 Aug 202612 August 2026 | 324 sqft | 450,000 | 1,387 | ||
| 12 Aug 202612 August 2026 | 376 sqft | 500,000 | 1,330 |
Mayfair Residency
Building212 apartments, 1-bed to 3-bed over 18 floors in Business Bay, completed in 2011 by Deyaar. 19 sold in the last 12 months.
- Typical price per sqft
- AED 1,452 Down 0.9%
- Typical sale
- AED 1M
- Typical rent
- AED 68K /yr
- Typical yield
- 7.2%
Other units on the 12th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 614 sqft | AED 489KAED 489,073 · Jan 2013January 2013 | 65,000 /yr | |
| 1203 | 1-bed | 619 sqft | AED 730KAED 730,000 · Dec 2022December 2022 | 65,000 /yr | |
| 1204 | 1-bed | 596 sqft | AED 850KAED 850,000 · Jan 2017January 2017 | 75,000 /yr | |
| 1205 | 1-bed | 605 sqft | AED 909KAED 909,281 · Mar 2014March 2014 | 68,879 /yr | |
| 1206 | 1-bed | 859 sqft | AED 930KAED 930,000 · Oct 2016October 2016 | 89,759 /yr | |
| 1207 | 1-bed | 614 sqft | AED 750KAED 750,000 · Nov 2018November 2018 | 50,000 /yr | |
| 1208 | 1-bed | 644 sqft | AED 800KAED 800,000 · Oct 2017October 2017 | 100,000 /yr | |
| 1209 | 1-bed | 832 sqft | AED 700KAED 700,000 · Jun 2019June 2019 | 84,765 /yr | |
| 1210 | 1-bed | 623 sqft | AED 1MAED 1,000,000 · Mar 2026March 2026 | 40,000 /yr | |
| 1211 | 1-bed | 596 sqft | AED 387KAED 386,570 · Dec 2012December 2012 | 60,000 /yr | |
| 1212 | 1-bed | 633 sqft | AED 945KAED 945,000 · Feb 2026February 2026 | 53,500 /yr | |
| 1213 | 1-bed | 752 sqft | AED 1.24MAED 1,236,917 · May 2014May 2014 | 44,000 /yr | |
| 1214 | 1-bed | 649 sqft | AED 467KAED 467,126 · Oct 2011October 2011 | 68,000 /yr |
1202, Mayfair Residency in numbers
- Sold twice: first on 11 June 2009 for AED 1,086,724, last on 13 January 2013 for AED 1,136,724 (AED 1,458 per sqft).
- Rented since January 2015 on 9 Ejari contracts. The rent fell from AED 67,000 to AED 37,000 in 2020 and recovered to AED 75,000 by February 2024.
- At AED 75,000 a year the gross yield on the 2013 price is 6.6%, before a service charge of about AED 12,600 a year (AED 16.20 per sqft).
- One-beds in Mayfair Residency sold for AED 400,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,452 per sqft.
Source: Dubai Land Department. Updated 27 February 2024.
Questions about 1202, Mayfair Residency
What did unit 1202 last sell for?
AED 1,136,724 on 13 January 2013: AED 1,458 per sqft for 780 sqft. The unit has 2 registered sales; the first was AED 1,086,724 in June 2009.
What is the rent for unit 1202?
AED 75,000 a year on the contract signed on 27 February 2024. The previous contract, from September 2021, was AED 45,000; the unit has been rented since January 2015.
How big is unit 1202?
780 sqft (72.5 sqm): a one-bedroom apartment on the 12th floor of a 18-storey tower completed in 2011.
What is unit 1202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mayfair Residency sold for AED 400,000 to 1,500,000 in the last 12 months, around AED 1,421 per sqft.
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Mortgage on 1202, Mayfair Residency
Starts from the last sale price (AED 1.14M, 13 January 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,136,724
- Deposit, UAE resident (20%)
- AED 227,345
- Deposit, non-resident (40%)
- AED 454,690
- Monthly over 25 years at 3.7%
- AED 4,651
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →