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1-bed · 596 sqftMayfair Residency, Business Bay · 13th floor · completed 2011

1304, Mayfair Residency

Sold prices and rental history: sold 3 times, last in November 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 9 November 2017
Last soldAED 395K9 November 2017
Current rentAED 66K /yr1 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1304, Mayfair Residency

What is 1304 worth today?

Last sold for AED 395,000 in 2017

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9 Nov 2017SoldReady
AED 395,000AED 662 per sqft
1 Jan 2016RentedRenewal
AED 66,240/yr12 months · AED 111 per sqft
1 Jan 2015RentedRenewal
AED 55,200/yr12 months · AED 93 per sqft
1 Jan 2014RentedNew contract
AED 46,000/yr12 months · AED 77 per sqft
18 Oct 2011SoldReady
AED 906,717AED 1,521 per sqft
10 May 2010Sold by developerOff-plan
AED 851,717AED 1,429 per sqft

Source: Dubai Land Department. Updated 9 November 2017.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
13th of 18
Parking
B2-66
Developer
Deyaar
Completed
2011
Service charge
AED 9,700 /yr
Last sold
AED 395K · November 2017
Building
Mayfair Residency

About 1304, Mayfair Residency

1304 is a one-bedroom apartment of 596 sqft on the 13th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 9 November 2017 for AED 395,000, or AED 662 per sqft, 46% below the AED 1,231 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 1 January 2016, is AED 66,240 a year: a gross yield of 16.8% on the 2017 price, before the service charge of about AED 9,700 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, each saleTypical one-bed in Mayfair Residency
500K1M2009201420192024Typical 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, May 2010: AED 851,717 (AED 1,429 per sqft)Sold, October 2011: AED 906,717 (AED 1,521 per sqft)Sold, November 2017: AED 395,000 (AED 662 per sqft)

1304 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1304, each contractTypical one-bed in Mayfair Residency
40K60K80K2012201620202024Typical 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, January 2014: AED 46,000 a yearRenewal, January 2015: AED 55,200 a yearRenewal, January 2016: AED 66,240 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 1304 sits

All 197 1-beds →

1304 last sold in November 2017 at AED 662 per sqft, 46% below what one-beds in Mayfair Residency were fetching at the time (AED 1,231). 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. 1304's AED 66,240 is in the lower 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 13th floor

All 212 units in Mayfair Residency
Value
13011-bedAED 840K · Oct 2023
13021-bedAED 900K · Apr 2018
13031-bedAED 830K · Feb 2024
13051-bedAED 700K · Mar 2016
13101-bedAED 850K · May 2016
13111-bedAED 830K · Nov 2017
13121-bedAED 910K · Jul 2011
1–7 of 9

1304, Mayfair Residency in numbers

  • Sold 3 times: first on 10 May 2010 for AED 851,717, last on 9 November 2017 for AED 395,000 (AED 662 per sqft).
  • Rented since January 2014 on 3 Ejari contracts, from AED 46,000 to AED 66,240 a year.
  • At AED 66,240 a year the gross yield on the 2017 price is 16.8%, before a service charge of about AED 9,700 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 9 November 2017.

Questions about 1304, Mayfair Residency

What did unit 1304 last sell for?

AED 395,000 on 9 November 2017: AED 662 per sqft for 596 sqft. The unit has 3 registered sales; the first was AED 851,717 in May 2010.

What is the rent for unit 1304?

AED 66,240 a year on the contract renewed on 1 January 2016. The previous contract, from January 2015, was AED 55,200; the unit has been rented since January 2014.

How big is unit 1304?

596 sqft (55.4 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2011.

What is unit 1304 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 1304, Mayfair Residency

Starts from the last sale price (AED 395K, 9 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

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