1-bed · 644 sqftMayfair Residency, Business Bay · 12th floor · completed 2011

1208, Mayfair Residency

Sold prices and rental history: sold twice, last in October 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 7 July 2025
Last soldAED 800K15 October 2017
Current rentAED 100K /yr7 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Mayfair Residency

What is 1208 worth today?

Last sold for AED 800,000 in 2017

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7 Jul 2025RentedNew contract
AED 100,000/yr12 months · AED 155 per sqft
7 Jul 2025RentedNew contract
AED 100,000/yr12 months · AED 155 per sqft
15 Oct 2017SoldReady
AED 800,000AED 1,243 per sqft
7 Sep 2017RentedNew contract
AED 70,000/yr12 months · AED 108 per sqft
1 Sep 2015RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
11 Jun 2015Sold by developerReady
AED 890,000AED 1,382 per sqft

Source: Dubai Land Department. Updated 7 July 2025.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
12th of 18
Parking
B2-30
Developer
Deyaar
Completed
2011
Service charge
AED 10,400 /yr
Last sold
AED 800K · October 2017

About 1208, Mayfair Residency

1208 is a one-bedroom apartment of 644 sqft on the 12th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 15 October 2017 for AED 800,000, or AED 1,243 per sqft, in line with the AED 1,212 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 7 July 2025, is AED 100,000 a year: a gross yield of 12.5% on the 2017 price, before the service charge of about AED 10,400 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical one-bed in Mayfair Residency
500K750K1M2009201420192024Typical sale price by year: 2009 AED 822,158; 2010 AED 862,155; 2011 AED 826,234; 2012 AED 866,621; 2013 AED 850,000; 2014 AED 933,409; 2015 AED 925,000; 2016 AED 887,500; 2017 AED 840,000; 2018 AED 795,293; 2019 AED 575,000; 2020 AED 580,000; 2021 AED 550,250; 2022 AED 670,000; 2023 AED 775,000; 2024 AED 890,000; 2025 AED 1,019,000; 2026 AED 947,500Sold by developer, June 2015: AED 890,000 (AED 1,382 per sqft)Sold, October 2017: AED 800,000 (AED 1,243 per sqft)

1208 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1208, each contractTypical one-bed in Mayfair Residency
50K100K2012201620202024Typical rent by year: 2012 AED 40,889; 2013 AED 50,600; 2014 AED 60,720; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 63,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 43,000; 2022 AED 50,000; 2023 AED 60,500; 2024 AED 69,256; 2025 AED 72,000; 2026 AED 67,000New contract, September 2015: AED 75,000 a yearNew contract, September 2017: AED 70,000 a yearNew contract, July 2025: AED 100,000 a yearNew contract, July 2025: AED 100,000 a year

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 1208 sits

All 197 1-beds →

1208 last sold in October 2017 at AED 1,243 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,212). 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. 1208's AED 100,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Sep 2026400,000
12 Aug 2026540,199
12 Aug 2026450,000
12 Aug 2026500,000
17 1-bed sales in the last 12 months

Mayfair Residency

Building

212 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%
Mayfair Residency, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 212 units in Mayfair Residency
Value
12011-bedAED 489K · Jan 2013
12021-bedAED 1.14M · Jan 2013
12031-bedAED 730K · Dec 2022
12041-bedAED 850K · Jan 2017
12051-bedAED 909K · Mar 2014
12061-bedAED 930K · Oct 2016
12071-bedAED 750K · Nov 2018
1–7 of 13

1208, Mayfair Residency in numbers

  • Sold twice: first on 11 June 2015 for AED 890,000, last on 15 October 2017 for AED 800,000 (AED 1,243 per sqft).
  • Rented since September 2015 on 4 Ejari contracts, from AED 75,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2017 price is 12.5%, before a service charge of about AED 10,400 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 7 July 2025.

Questions about 1208, Mayfair Residency

What did unit 1208 last sell for?

AED 800,000 on 15 October 2017: AED 1,243 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 890,000 in June 2015.

What is the rent for unit 1208?

AED 100,000 a year on the contract signed on 7 July 2025. The previous contract, from July 2025, was AED 100,000; the unit has been rented since September 2015.

How big is unit 1208?

644 sqft (59.8 sqm): a one-bedroom apartment on the 12th floor of a 18-storey tower completed in 2011.

What is unit 1208 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 1208, Mayfair Residency

Starts from the last sale price (AED 800K, 15 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →