3-bed · 1,427 sqftMayfair Residency, Business Bay · 17th floor · completed 2011

1702, Mayfair Residency

Sold prices and rental history: sold 3 times, last in January 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 21 January 2014
Last soldAED 2.1M21 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Mayfair Residency

What is 1702 worth today?

Last sold for AED 2,100,000 in 2014

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21 Jan 2014SoldReady
AED 2,100,000AED 1,471 per sqft
19 Nov 2013SoldReady
AED 2,077,367AED 1,455 per sqft
16 Jul 2009Sold by developerOff-plan
AED 2,027,367AED 1,420 per sqft

Source: Dubai Land Department. Updated 21 January 2014.

Key facts

Type
3-bed apartment
Size
1,427 sqft
Floor
17th of 18
Parking
B1-13
Developer
Deyaar
Completed
2011
Service charge
AED 23,100 /yr
Last sold
AED 2.1M · January 2014

About 1702, Mayfair Residency

1702 is a three-bedroom apartment of 1,427 sqft on the 17th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 21 January 2014 for AED 2,100,000, or AED 1,471 per sqft, 5% above the AED 1,400 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical three-bed in Mayfair Residency
1M1.5M2M2009201120132015Typical 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, July 2009: AED 2,027,367 (AED 1,420 per sqft)Sold, November 2013: AED 2,077,367 (AED 1,455 per sqft)Sold, January 2014: AED 2,100,000 (AED 1,471 per sqft)

1702 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1702, 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 105,000

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 1702 sits

All 15 3-beds →

1702 last sold in January 2014 at AED 1,471 per sqft, 5% above what three-beds in Mayfair Residency were fetching at the time (AED 1,400). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
14 May 20262,200,000
26 Mar 20262,000,000
22 Jul 20251,700,000
12 Mar 20252,100,000
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 17th floor

All 212 units in Mayfair Residency
Value
17013-bedAED 1.38M · Jul 2014
17033-bedAED 2.2M · May 2026
17043-bedAED 1.7M · Feb 2013
17053-bedAED 2M · Mar 2026

1702, Mayfair Residency in numbers

  • Sold 3 times: first on 16 July 2009 for AED 2,027,367, last on 21 January 2014 for AED 2,100,000 (AED 1,471 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 21 January 2014.

Questions about 1702, Mayfair Residency

What did unit 1702 last sell for?

AED 2,100,000 on 21 January 2014: AED 1,471 per sqft for 1,427 sqft. The unit has 3 registered sales; the first was AED 2,027,367 in July 2009.

How big is unit 1702?

1,427 sqft (132.6 sqm): a three-bedroom apartment on the 17th floor of a 18-storey tower completed in 2011.

What is unit 1702 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 1702, Mayfair Residency

Starts from the last sale price (AED 2.1M, 21 January 2014). 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 →