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1-bed · 780 sqftMayfair Residency, Business Bay · 14th floor · completed 2011

1402, Mayfair Residency

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 19 May 2023
Last soldAED 710K19 May 2023
Current rentAED 46K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, Mayfair Residency

What is 1402 worth today?

Last sold for AED 710,000 in 2023

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19 May 2023SoldReady
AED 710,000AED 910 per sqft
1 Mar 2021RentedNew contract
AED 46,000/yr12 months · AED 59 per sqft
8 May 2020RentedRenewal
AED 50,000/yr12 months · AED 65 per sqft
8 May 2019RentedRenewal
AED 60,000/yr12 months · AED 77 per sqft
8 May 2018RentedNew contract
AED 65,000/yr12 months · AED 84 per sqft
11 Mar 2013SoldReady
AED 1,119,930AED 1,436 per sqft
11 Jun 2009Sold by developerOff-plan
AED 1,094,930AED 1,404 per sqft

Source: Dubai Land Department. Updated 19 May 2023.

Key facts

Type
1-bed apartment
Size
780 sqft
Floor
14th of 18
Parking
P2-28
Developer
Deyaar
Completed
2011
Service charge
AED 12,600 /yr
Last sold
AED 710K · May 2023
Building
Mayfair Residency

About 1402, Mayfair Residency

1402 is a one-bedroom apartment of 780 sqft on the 14th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 19 May 2023 for AED 710,000, or AED 910 per sqft, 4% below the AED 947 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 March 2021, is AED 46,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, 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, June 2009: AED 1,094,930 (AED 1,404 per sqft)Sold, March 2013: AED 1,119,930 (AED 1,436 per sqft)Sold, May 2023: AED 710,000 (AED 910 per sqft)

1402 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1402, 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, May 2018: AED 65,000 a yearRenewal, May 2019: AED 60,000 a yearRenewal, May 2020: AED 50,000 a yearNew contract, March 2021: AED 46,000 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 1402 sits

All 197 1-beds →

1402 last sold in May 2023 at AED 910 per sqft, 4% below what one-beds in Mayfair Residency were fetching at the time (AED 947). 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. 1402's AED 46,000 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 14th floor

All 212 units in Mayfair Residency
Value
14011-bedAED 882K · Jun 2009
14031-bedAED 530K · Jul 2020
14041-bedAED 887K · Apr 2014
14051-bedAED 550K · Nov 2019
14101-bedAED 650K · Feb 2022
14111-bedAED 887K · Apr 2014
14121-bedAED 890K · May 2024
1–7 of 9

1402, Mayfair Residency in numbers

  • Sold 3 times: first on 11 June 2009 for AED 1,094,930, last on 19 May 2023 for AED 710,000 (AED 910 per sqft).
  • Rented since May 2018 on 4 Ejari contracts, from AED 65,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2023 price is 6.5%, 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 19 May 2023.

Questions about 1402, Mayfair Residency

What did unit 1402 last sell for?

AED 710,000 on 19 May 2023: AED 910 per sqft for 780 sqft. The unit has 3 registered sales; the first was AED 1,094,930 in June 2009.

What is the rent for unit 1402?

AED 46,000 a year on the contract signed on 1 March 2021. The previous contract, from May 2020, was AED 50,000; the unit has been rented since May 2018.

How big is unit 1402?

780 sqft (72.5 sqm): a one-bedroom apartment on the 14th floor of a 18-storey tower completed in 2011.

What is unit 1402 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 1402, Mayfair Residency

Starts from the last sale price (AED 710K, 19 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

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