1301, Mayfair Residency
Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1301, Mayfair Residency
What is 1301 worth today?
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Source: Dubai Land Department. Updated 2 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 13th of 18
- Parking
- B1-29
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 840K · October 2023
- Building
- Mayfair Residency
About 1301, Mayfair Residency
1301 is a one-bedroom apartment of 614 sqft on the 13th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 2 October 2023 for AED 840,000, or AED 1,368 per sqft, 33% above the AED 1,025 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 20 July 2023, is AED 60,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 9,900 a year.
Sales and rents for 1301 over time
1301 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 1301 sits
All 197 1-beds →1301 last sold in October 2023 at AED 1,368 per sqft, 33% above what one-beds in Mayfair Residency were fetching at the time (AED 1,025). 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. 1301's AED 60,000 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 13th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1302 | 1-bed | 780 sqft | AED 900KAED 900,000 · Apr 2018April 2018 | 97,500 /yr | |
| 1303 | 1-bed | 619 sqft | AED 830KAED 830,000 · Feb 2024February 2024 | 70,000 /yr | |
| 1304 | 1-bed | 596 sqft | AED 395KAED 395,000 · Nov 2017November 2017 | 66,240 /yr | |
| 1305 | 1-bed | 621 sqft | AED 700KAED 700,000 · Mar 2016March 2016 | 72,000 /yr | |
| 1310 | 1-bed | 625 sqft | AED 850KAED 850,000 · May 2016May 2016 | 70,000 /yr | |
| 1311 | 1-bed | 596 sqft | AED 830KAED 830,000 · Nov 2017November 2017 | 65,000 /yr | |
| 1312 | 1-bed | 633 sqft | AED 910KAED 910,000 · Jul 2011July 2011 | 72,500 /yr | |
| 1313 | 1-bed | 752 sqft | AED 1.2MAED 1,199,945 · Sep 2013September 2013 | 42,000 /yr | |
| 1314 | 1-bed | 649 sqft | AED 1.12MAED 1,120,000 · Jan 2025January 2025 | 52,000 /yr |
1301, Mayfair Residency in numbers
- Sold twice: first on 17 September 2012 for AED 507,429, last on 2 October 2023 for AED 840,000 (AED 1,368 per sqft).
- Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 54,180 to AED 40,000 in 2020 and recovered to AED 60,000 by July 2023.
- At AED 60,000 a year the gross yield on the 2023 price is 7.1%, 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 2 October 2023.
Questions about 1301, Mayfair Residency
What did unit 1301 last sell for?
AED 840,000 on 2 October 2023: AED 1,368 per sqft for 614 sqft. The unit has 2 registered sales; the first was AED 507,429 in September 2012.
What is the rent for unit 1301?
AED 60,000 a year on the contract signed on 20 July 2023. The previous contract, from July 2022, was AED 49,500; the unit has been rented since May 2014.
How big is unit 1301?
614 sqft (57.0 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2011.
What is unit 1301 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 1301, Mayfair Residency
Starts from the last sale price (AED 840K, 2 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →