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3-bed · 1,244 sqftMayfair Residency, Business Bay · 16th floor · completed 2011

1601, Mayfair Residency

Sold prices and rental history: sold 5 times, last in March 2025, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 12 March 2025
Last soldAED 2.1M12 March 2025
Current rentAED 125K /yr26 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, Mayfair Residency

What is 1601 worth today?

Last sold for AED 2,100,000 in 2025

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12 Mar 2025SoldReady
AED 2,100,000AED 1,688 per sqft
26 Dec 2023RentedNew contract
AED 125,000/yr12 months · AED 100 per sqft
15 Dec 2022RentedNew contract
AED 115,000/yr12 months · AED 92 per sqft
9 Dec 2022SoldReady
AED 1,250,000AED 1,005 per sqft
15 Nov 2021RentedNew contract
AED 76,000/yr12 months · AED 61 per sqft
3 Nov 2021RentedNew contract
AED 70,000/yr12 months · AED 56 per sqft
1 May 2020RentedNew contract
AED 80,000/yr15 months · AED 64 per sqft
1 Aug 2019RentedNew contract
AED 95,000/yr24 months · AED 76 per sqft

Source: Dubai Land Department. Updated 12 March 2025.

Key facts

Type
3-bed apartment
Size
1,244 sqft
Floor
16th of 18
Parking
B2-13&14
Developer
Deyaar
Completed
2011
Service charge
AED 20,100 /yr
Last sold
AED 2.1M · March 2025
Building
Mayfair Residency

About 1601, Mayfair Residency

1601 is a three-bedroom apartment of 1,244 sqft on the 16th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 12 March 2025 for AED 2,100,000, or AED 1,688 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 26 December 2023, is AED 125,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 20,100 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical three-bed in Mayfair Residency
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,839,182; 2010 AED 1,000,000; 2011 AED 1,679,972; 2012 AED 1,234,555; 2013 AED 1,746,595; 2014 AED 1,987,235Sold by developer, May 2010: AED 1,806,714 (AED 1,452 per sqft)Sold, June 2011: AED 1,916,714 (AED 1,541 per sqft)Sold, June 2014: AED 1,035,000 (AED 832 per sqft)Sold, December 2022: AED 1,250,000 (AED 1,005 per sqft)Sold, March 2025: AED 2,100,000 (AED 1,688 per sqft)

1601 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1601, each contractTypical three-bed in Mayfair Residency
100K2013201720212025Typical rent by year: 2013 AED 80,000; 2014 AED 112,500; 2015 AED 115,000; 2016 AED 109,500; 2017 AED 109,725; 2018 AED 90,500; 2019 AED 85,000; 2020 AED 68,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 101,500; 2024 AED 100,000; 2025 AED 130,000; 2026 AED 105,000New contract, October 2013: AED 75,000 a yearNew contract, October 2017: AED 109,725 a yearNew contract, August 2019: AED 95,000 a yearNew contract, May 2020: AED 80,000 a yearNew contract, November 2021: AED 76,000 a yearNew contract, November 2021: AED 70,000 a yearNew contract, December 2022: AED 115,000 a yearNew contract, December 2023: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Mayfair Residency, and where 1601 sits

All 15 3-beds →

Over the last 12 months three-beds sold for AED 2,000,000 to 2,200,000, around AED 1,615 per sqft, and rent for AED 87,000 to 115,000 a year. 1601's AED 125,000 is at the top of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 May 20262,200,000
26 Mar 20262,000,000
22 Jul 20251,700,000
5 Mar 20241,338,346
2 3-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 16th floor

All 212 units in Mayfair Residency
Value
16023-bedAED 1.02M · Jun 2020
16033-bedAED 2M · May 2014
16043-bedAED 2M · Jun 2014
16053-bedAED 600K · Dec 2015

1601, Mayfair Residency in numbers

  • Sold 5 times: first on 10 May 2010 for AED 1,806,714, last on 12 March 2025 for AED 2,100,000 (AED 1,688 per sqft).
  • Rented since October 2013 on 8 Ejari contracts, from AED 75,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2025 price is 5.9%, before a service charge of about AED 20,100 a year (AED 16.20 per sqft).
  • Three-beds in Mayfair Residency sold for AED 2,000,000–2,200,000 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 12 March 2025.

Questions about 1601, Mayfair Residency

What did unit 1601 last sell for?

AED 2,100,000 on 12 March 2025: AED 1,688 per sqft for 1,244 sqft. The unit has 5 registered sales; the first was AED 1,806,714 in May 2010.

What is the rent for unit 1601?

AED 125,000 a year on the contract signed on 26 December 2023. The previous contract, from December 2022, was AED 115,000; the unit has been rented since October 2013.

How big is unit 1601?

1,244 sqft (115.6 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2011.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mayfair Residency sold for AED 2,000,000 to 2,200,000 in the last 12 months, around AED 1,615 per sqft.

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Mortgage on 1601, Mayfair Residency

Starts from the last sale price (AED 2.1M, 12 March 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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