1605, Mayfair Residency
Sold prices and rental history: sold 3 times, last in December 2015, 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 1605, Mayfair Residency
What is 1605 worth today?
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Source: Dubai Land Department. Updated 30 April 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 688 sqft
- Floor
- 16th of 18
- Parking
- B2-27
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 11,200 /yr
- Last sold
- AED 600K · December 2015
- Building
- Mayfair Residency
About 1605, Mayfair Residency
1605 is a three-bedroom apartment of 688 sqft on the 16th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 22 December 2015 for AED 600,000, or AED 871 per sqft.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 30 April 2024, is AED 74,699 a year: a gross yield of 12.4% on the 2015 price, before the service charge of about AED 11,200 a year.
Sales and rents for 1605 over time
1605 has sold 3 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 1605 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. 1605's AED 74,699 is at the bottom 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 Residency1605, Mayfair Residency in numbers
- Sold 3 times: first on 15 June 2009 for AED 1,924,468, last on 22 December 2015 for AED 600,000 (AED 871 per sqft).
- Rented since August 2017 on 5 Ejari contracts, from AED 113,000 to AED 74,699 a year.
- At AED 74,699 a year the gross yield on the 2015 price is 12.4%, before a service charge of about AED 11,200 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 30 April 2024.
Questions about 1605, Mayfair Residency
What did unit 1605 last sell for?
AED 600,000 on 22 December 2015: AED 871 per sqft for 688 sqft. The unit has 3 registered sales; the first was AED 1,924,468 in June 2009.
What is the rent for unit 1605?
AED 74,699 a year on the contract renewed on 30 April 2024. The previous contract, from April 2023, was AED 76,000; the unit has been rented since August 2017.
How big is unit 1605?
688 sqft (63.9 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2011.
What is unit 1605 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 1605, Mayfair Residency
Starts from the last sale price (AED 600K, 22 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →