1502, Mayfair Residency
Sold prices and rental history: sold 4 times, last in April 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Mayfair Residency
What is 1502 worth today?
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Source: Dubai Land Department. Updated 18 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 780 sqft
- Floor
- 15th of 18
- Parking
- B1-18
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 12,600 /yr
- Last sold
- AED 915K · April 2017
- Building
- Mayfair Residency
About 1502, Mayfair Residency
1502 is a one-bedroom apartment of 780 sqft on the 15th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 10 April 2017 for AED 915,000, or AED 1,173 per sqft, 13% below the AED 1,342 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, signed on 18 April 2025, is AED 77,000 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1502 over time
1502 has sold 4 times; 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 1502 sits
All 197 1-beds →1502 last sold in April 2017 at AED 1,173 per sqft, 13% below what one-beds in Mayfair Residency were fetching at the time (AED 1,342). 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. 1502's AED 77,000 is in the lower 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 15th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 614 sqft | AED 1.13MAED 1,125,000 · Aug 2016August 2016 | 60,000 /yr | |
| 1503 | 1-bed | 619 sqft | AED 865KAED 865,000 · Jun 2024June 2024 | 57,500 /yr | |
| 1504 | 1-bed | 596 sqft | AED 500KAED 500,000 · Jan 2012January 2012 | 67,000 /yr | |
| 1505 | 1-bed | 621 sqft | AED 750KAED 750,000 · Apr 2022April 2022 | 65,000 /yr | |
| 1510 | 1-bed | 625 sqft | AED 850KAED 849,999 · Jan 2014January 2014 | 70,000 /yr | |
| 1511 | 1-bed | 298 sqft | AED 400KAED 400,000 · Sep 2026September 2026 | ||
| 1512 | 1-bed | 633 sqft | AED 530KAED 529,720 · Sep 2012September 2012 | 64,000 /yr | |
| 1513 | 1-bed | 752 sqft | AED 930KAED 930,000 · Jul 2013July 2013 | 85,000 /yr | |
| 1514 | 1-bed | 649 sqft | AED 900KAED 900,000 · May 2016May 2016 | 75,000 /yr |
1502, Mayfair Residency in numbers
- Sold 4 times: first on 3 February 2013 for AED 1,149,031, last on 10 April 2017 for AED 915,000 (AED 1,173 per sqft).
- Rented since January 2017 on 10 Ejari contracts. The rent fell from AED 75,000 to AED 45,000 in 2021 and recovered to AED 77,000 by April 2025.
- At AED 77,000 a year the gross yield on the 2017 price is 8.4%, 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 18 April 2025.
Questions about 1502, Mayfair Residency
What did unit 1502 last sell for?
AED 915,000 on 10 April 2017: AED 1,173 per sqft for 780 sqft. The unit has 4 registered sales; the first was AED 1,149,031 in February 2013.
What is the rent for unit 1502?
AED 77,000 a year on the contract signed on 18 April 2025. The previous contract, from April 2025, was AED 77,000; the unit has been rented since January 2017.
How big is unit 1502?
780 sqft (72.5 sqm): a one-bedroom apartment on the 15th floor of a 18-storey tower completed in 2011.
What is unit 1502 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 1502, Mayfair Residency
Starts from the last sale price (AED 915K, 10 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 915,000
- Deposit, UAE resident (20%)
- AED 183,000
- Deposit, non-resident (40%)
- AED 366,000
- Monthly over 25 years at 3.7%
- AED 3,744
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →