1403, Mayfair Residency
Sold prices and rental history: sold twice, last in July 2020, 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 1403, Mayfair Residency
What is 1403 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 619 sqft
- Floor
- 14th of 18
- Parking
- B2-52
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,000 /yr
- Last sold
- AED 530K · July 2020
- Building
- Mayfair Residency
About 1403, Mayfair Residency
1403 is a one-bedroom apartment of 619 sqft on the 14th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 6 July 2020 for AED 530,000, or AED 856 per sqft, 6% below the AED 908 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 1 October 2024, is AED 80,000 a year: a gross yield of 15.1% on the 2020 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1403 over time
1403 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 1403 sits
All 197 1-beds →1403 last sold in July 2020 at AED 856 per sqft, 6% below what one-beds in Mayfair Residency were fetching at the time (AED 908). 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. 1403's AED 80,000 is in the upper 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 14th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 614 sqft | AED 882KAED 882,465 · Jun 2009June 2009 | 75,000 /yr | |
| 1402 | 1-bed | 780 sqft | AED 710KAED 710,000 · May 2023May 2023 | 46,000 /yr | |
| 1404 | 1-bed | 596 sqft | AED 887KAED 886,860 · Apr 2014April 2014 | 75,000 /yr | |
| 1405 | 1-bed | 621 sqft | AED 550KAED 550,000 · Nov 2019November 2019 | 95,000 /yr | |
| 1410 | 1-bed | 625 sqft | AED 650KAED 650,000 · Feb 2022February 2022 | 60,000 /yr | |
| 1411 | 1-bed | 596 sqft | AED 887KAED 886,860 · Apr 2014April 2014 | 68,000 /yr | |
| 1412 | 1-bed | 633 sqft | AED 890KAED 890,000 · May 2024May 2024 | 80,000 /yr | |
| 1413 | 1-bed | 752 sqft | AED 900KAED 900,000 · Oct 2023October 2023 | 70,000 /yr | |
| 1414 | 1-bed | 649 sqft | AED 580KAED 580,000 · Aug 2020August 2020 | 70,000 /yr |
1403, Mayfair Residency in numbers
- Sold twice: first on 24 December 2013 for AED 827,389, last on 6 July 2020 for AED 530,000 (AED 856 per sqft).
- Rented since April 2014 on 9 Ejari contracts. The rent fell from AED 80,000 to AED 51,000 in 2021 and recovered to AED 80,000 by October 2024.
- At AED 80,000 a year the gross yield on the 2020 price is 15.1%, before a service charge of about AED 10,000 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 1 October 2024.
Questions about 1403, Mayfair Residency
What did unit 1403 last sell for?
AED 530,000 on 6 July 2020: AED 856 per sqft for 619 sqft. The unit has 2 registered sales; the first was AED 827,389 in December 2013.
What is the rent for unit 1403?
AED 80,000 a year on the contract signed on 1 October 2024. The previous contract, from December 2021, was AED 51,000; the unit has been rented since April 2014.
How big is unit 1403?
619 sqft (57.5 sqm): a one-bedroom apartment on the 14th floor of a 18-storey tower completed in 2011.
What is unit 1403 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 1403, Mayfair Residency
Starts from the last sale price (AED 530K, 6 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 530,000
- Deposit, UAE resident (20%)
- AED 106,000
- Deposit, non-resident (40%)
- AED 212,000
- Monthly over 25 years at 3.7%
- AED 2,168
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →