1207, Mayfair Residency
Sold prices and rental history: sold 5 times, last in November 2018, 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 1207, Mayfair Residency
What is 1207 worth today?
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Source: Dubai Land Department. Updated 12 November 2018.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 12th of 18
- Parking
- B2-29
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 750K · November 2018
- Building
- Mayfair Residency
About 1207, Mayfair Residency
1207 is a one-bedroom apartment of 614 sqft on the 12th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 12 November 2018 for AED 750,000, or AED 1,221 per sqft, in line with the AED 1,221 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 10 August 2018, is AED 50,000 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 9,900 a year.
Sales and rents for 1207 over time
1207 has sold 5 times; 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 1207 sits
All 197 1-beds →1207 last sold in November 2018 at AED 1,221 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,221). 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. 1207's AED 50,000 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 | |
| 1202 | 1-bed | 780 sqft | AED 1.14MAED 1,136,724 · Jan 2013January 2013 | 75,000 /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 | |
| 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 |
1207, Mayfair Residency in numbers
- Sold 5 times: first on 10 May 2010 for AED 842,908, last on 12 November 2018 for AED 750,000 (AED 1,221 per sqft).
- Rented since January 2015 on 4 Ejari contracts, from AED 95,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2018 price is 6.7%, before a service charge of about AED 9,900 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 12 November 2018.
Questions about 1207, Mayfair Residency
What did unit 1207 last sell for?
AED 750,000 on 12 November 2018: AED 1,221 per sqft for 614 sqft. The unit has 5 registered sales; the first was AED 842,908 in May 2010.
What is the rent for unit 1207?
AED 50,000 a year on the contract signed on 10 August 2018. The previous contract, from September 2016, was AED 75,000; the unit has been rented since January 2015.
How big is unit 1207?
614 sqft (57.0 sqm): a one-bedroom apartment on the 12th floor of a 18-storey tower completed in 2011.
What is unit 1207 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 1207, Mayfair Residency
Starts from the last sale price (AED 750K, 12 November 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →