1405, Mayfair Residency
Sold prices and rental history: sold twice, last in November 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1405, Mayfair Residency
What is 1405 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 621 sqft
- Floor
- 14th of 18
- Parking
- P2-24
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,100 /yr
- Last sold
- AED 550K · November 2019
- Building
- Mayfair Residency
About 1405, Mayfair Residency
1405 is a one-bedroom apartment of 621 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 November 2019 for AED 550,000, or AED 885 per sqft, 6% below the AED 937 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 23 August 2024, is AED 95,000 a year: a gross yield of 17.3% on the 2019 price, before the service charge of about AED 10,100 a year.
Sales and rents for 1405 over time
1405 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 1405 sits
All 197 1-beds →1405 last sold in November 2019 at AED 885 per sqft, 6% below what one-beds in Mayfair Residency were fetching at the time (AED 937). 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. 1405's AED 95,000 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 | |
| 1403 | 1-bed | 619 sqft | AED 530KAED 530,000 · Jul 2020July 2020 | 80,000 /yr | |
| 1404 | 1-bed | 596 sqft | AED 887KAED 886,860 · Apr 2014April 2014 | 75,000 /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 |
1405, Mayfair Residency in numbers
- Sold twice: first on 5 November 2019 for AED 600,000, last on 6 November 2019 for AED 550,000 (AED 885 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 56,400 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2019 price is 17.3%, before a service charge of about AED 10,100 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 23 August 2024.
Questions about 1405, Mayfair Residency
What did unit 1405 last sell for?
AED 550,000 on 6 November 2019: AED 885 per sqft for 621 sqft. The unit has 2 registered sales; the first was AED 600,000 in November 2019.
What is the rent for unit 1405?
AED 95,000 a year on the contract renewed on 23 August 2024. The previous contract, from August 2023, was AED 75,000; the unit has been rented since October 2021.
How big is unit 1405?
621 sqft (57.7 sqm): a one-bedroom apartment on the 14th floor of a 18-storey tower completed in 2011.
What is unit 1405 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.
Selling 1405? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1405, Mayfair Residency
Starts from the last sale price (AED 550K, 6 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →