1603, Mayfair Residency
Sold prices and rental history: sold 5 times, last in May 2014, 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 1603, Mayfair Residency
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 January 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,238 sqft
- Floor
- 16th of 18
- Parking
- B2-64&69&70
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 20,100 /yr
- Last sold
- AED 2M · May 2014
- Building
- Mayfair Residency
About 1603, Mayfair Residency
1603 is a three-bedroom apartment of 1,238 sqft on the 16th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 18 May 2014 for AED 2,000,000, or AED 1,615 per sqft, 13% above the AED 1,432 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 100,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 20,100 a year.
Sales and rents for 1603 over time
1603 has sold 5 times; the dashed line is the three-bed median of each year in the building.
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 1603 sits
All 15 3-beds →1603 last sold in May 2014 at AED 1,615 per sqft, 13% above what three-beds in Mayfair Residency were fetching at the time (AED 1,432). 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. 1603's AED 100,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 May 202614 May 2026 | 1,238 sqft | 2,200,000 | 1,777 | ||
| 26 Mar 202626 March 2026 | 1,377 sqft | 2,000,000 | 1,452 | ||
| 22 Jul 202522 July 2025 | 1,238 sqft | 1,700,000 | 1,373 | ||
| 12 Mar 202512 March 2025 | 1,244 sqft | 2,100,000 | 1,688 |
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 16th floor
All 212 units in Mayfair Residency1603, Mayfair Residency in numbers
- Sold 5 times: first on 6 June 2010 for AED 1,000,000, last on 18 May 2014 for AED 2,000,000 (AED 1,615 per sqft).
- Rented since November 2014 on 9 Ejari contracts. The rent fell from AED 125,000 to AED 65,000 in 2021 and recovered to AED 100,000 by January 2024.
- At AED 100,000 a year the gross yield on the 2014 price is 5.0%, 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 1 January 2024.
Questions about 1603, Mayfair Residency
What did unit 1603 last sell for?
AED 2,000,000 on 18 May 2014: AED 1,615 per sqft for 1,238 sqft. The unit has 5 registered sales; the first was AED 1,000,000 in June 2010.
What is the rent for unit 1603?
AED 100,000 a year on the contract renewed on 1 January 2024. The previous contract, from January 2023, was AED 82,500; the unit has been rented since November 2014.
How big is unit 1603?
1,238 sqft (115.0 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2011.
What is unit 1603 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 1603, Mayfair Residency
Starts from the last sale price (AED 2M, 18 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →