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1-bed · 614 sqftMayfair Residency, Business Bay · 15th floor · completed 2011

1501, Mayfair Residency

Sold prices and rental history: sold 4 times, last in August 2016, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 1.13M29 August 2016
Current rentAED 60K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Mayfair Residency

What is 1501 worth today?

Last sold for AED 1,125,000 in 2016

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1 Aug 2026RentedNew contract
AED 60,000/yr14 months · AED 98 per sqft
29 Aug 2016SoldReady
AED 1,125,000AED 1,832 per sqft
1 Jul 2015SoldReady
AED 980,000AED 1,596 per sqft
9 May 2013SoldReady
AED 490,000AED 798 per sqft
3 Feb 2013Sold by developerReady
AED 885,526AED 1,442 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
1-bed apartment
Size
614 sqft
Floor
15th of 18
Parking
B1-17
Developer
Deyaar
Completed
2011
Service charge
AED 9,900 /yr
Last sold
AED 1.13M · August 2016
Building
Mayfair Residency

About 1501, Mayfair Residency

1501 is a one-bedroom apartment of 614 sqft on the 15th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 29 August 2016 for AED 1,125,000, or AED 1,832 per sqft, 36% above the AED 1,352 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2026. The current contract, signed on 1 August 2026, is AED 60,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 9,900 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, 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, February 2013: AED 885,526 (AED 1,442 per sqft)Sold, May 2013: AED 490,000 (AED 798 per sqft)Sold, July 2015: AED 980,000 (AED 1,596 per sqft)Sold, August 2016: AED 1,125,000 (AED 1,832 per sqft)

1501 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, 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, August 2026: AED 60,000 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 1501 sits

All 197 1-beds →

1501 last sold in August 2016 at AED 1,832 per sqft, 36% above what one-beds in Mayfair Residency were fetching at the time (AED 1,352). 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. 1501's AED 60,000 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 15th floor

All 212 units in Mayfair Residency
Value
15021-bedAED 915K · Apr 2017
15031-bedAED 865K · Jun 2024
15041-bedAED 500K · Jan 2012
15051-bedAED 750K · Apr 2022
15101-bedAED 850K · Jan 2014
15111-bedAED 400K · Sep 2026
15121-bedAED 530K · Sep 2012
1–7 of 9

1501, Mayfair Residency in numbers

  • Sold 4 times: first on 3 February 2013 for AED 885,526, last on 29 August 2016 for AED 1,125,000 (AED 1,832 per sqft).
  • Rented since August 2026 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 5.3%, 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 1 August 2026.

Questions about 1501, Mayfair Residency

What did unit 1501 last sell for?

AED 1,125,000 on 29 August 2016: AED 1,832 per sqft for 614 sqft. The unit has 4 registered sales; the first was AED 885,526 in February 2013.

What is the rent for unit 1501?

AED 60,000 a year on the contract signed on 1 August 2026.

How big is unit 1501?

614 sqft (57.0 sqm): a one-bedroom apartment on the 15th floor of a 18-storey tower completed in 2011.

What is unit 1501 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 1501, Mayfair Residency

Starts from the last sale price (AED 1.13M, 29 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

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