1503, Mayfair Residency
Sold prices and rental history: sold 3 times, last in June 2024, 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 1503, Mayfair Residency
What is 1503 worth today?
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Source: Dubai Land Department. Updated 14 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 619 sqft
- Floor
- 15th of 18
- Parking
- B1-19
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,000 /yr
- Last sold
- AED 865K · June 2024
- Building
- Mayfair Residency
About 1503, Mayfair Residency
1503 is a one-bedroom apartment of 619 sqft on the 15th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 14 June 2024 for AED 865,000, or AED 1,397 per sqft, 11% above the AED 1,263 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 25 March 2023, is AED 57,500 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1503 over time
1503 has sold 3 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 1503 sits
All 197 1-beds →1503 last sold in June 2024 at AED 1,397 per sqft, 11% above what one-beds in Mayfair Residency were fetching at the time (AED 1,263). 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. 1503's AED 57,500 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 | |
| 1502 | 1-bed | 780 sqft | AED 915KAED 915,000 · Apr 2017April 2017 | 77,000 /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 |
1503, Mayfair Residency in numbers
- Sold 3 times: first on 2 September 2012 for AED 885,707, last on 14 June 2024 for AED 865,000 (AED 1,397 per sqft).
- Rented since January 2014 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 40,000 in 2021 and recovered to AED 57,500 by March 2023.
- At AED 57,500 a year the gross yield on the 2024 price is 6.7%, 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 14 June 2024.
Questions about 1503, Mayfair Residency
What did unit 1503 last sell for?
AED 865,000 on 14 June 2024: AED 1,397 per sqft for 619 sqft. The unit has 3 registered sales; the first was AED 885,707 in September 2012.
What is the rent for unit 1503?
AED 57,500 a year on the contract renewed on 25 March 2023. The previous contract, from March 2022, was AED 50,000; the unit has been rented since January 2014.
How big is unit 1503?
619 sqft (57.5 sqm): a one-bedroom apartment on the 15th floor of a 18-storey tower completed in 2011.
What is unit 1503 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 1503, Mayfair Residency
Starts from the last sale price (AED 865K, 14 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 865,000
- Deposit, UAE resident (20%)
- AED 173,000
- Deposit, non-resident (40%)
- AED 346,000
- Monthly over 25 years at 3.7%
- AED 3,539
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →