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1-bed · 605 sqftMayfair Residency, Business Bay · 2nd floor · completed 2011

205, Mayfair Residency

Sold prices and rental history: sold twice, last in April 2018, and rented once, from November 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205 · DLD and Ejari recordsUpdated 2 April 2018
Last soldAED 800K2 April 2018
Current rentAED 51K /yr10 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 205, Mayfair Residency

What is 205 worth today?

Last sold for AED 800,000 in 2018

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2 Apr 2018SoldReady
AED 800,000AED 1,321 per sqft
25 Jun 2015Sold by developerReady
AED 1,050,940AED 1,736 per sqft
10 Nov 2013RentedNew contract
AED 50,600/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 2 April 2018.

Key facts

Type
1-bed apartment
Size
605 sqft
Floor
2nd of 18
Parking
P3-05
Developer
Deyaar
Completed
2011
Service charge
AED 9,800 /yr
Last sold
AED 800K · April 2018
Building
Mayfair Residency

About 205, Mayfair Residency

205 is a one-bedroom apartment of 605 sqft on the 2nd floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 2 April 2018 for AED 800,000, or AED 1,321 per sqft, in line with the AED 1,321 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 November 2013. The current contract, signed on 10 November 2013, is AED 50,600 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 9,800 a year.

Sales and rents for 205 over time

Sales
Unit 205, each saleTypical one-bed in Mayfair Residency
500K750K1M2009201420192024Typical sale price by year: 2009 AED 822,158; 2010 AED 862,155; 2011 AED 826,234; 2012 AED 866,621; 2013 AED 850,000; 2014 AED 933,409; 2015 AED 925,000; 2016 AED 887,500; 2017 AED 840,000; 2018 AED 795,293; 2019 AED 575,000; 2020 AED 580,000; 2021 AED 550,250; 2022 AED 670,000; 2023 AED 775,000; 2024 AED 890,000; 2025 AED 1,019,000; 2026 AED 947,500Sold by developer, June 2015: AED 1,050,940 (AED 1,736 per sqft)Sold, April 2018: AED 800,000 (AED 1,321 per sqft)

205 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 205, each contractTypical one-bed in Mayfair Residency
40K60K80K2012201620202024Typical rent by year: 2012 AED 40,889; 2013 AED 50,600; 2014 AED 60,720; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 63,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 43,000; 2022 AED 50,000; 2023 AED 60,500; 2024 AED 69,256; 2025 AED 72,000; 2026 AED 67,000New contract, November 2013: AED 50,600 a year

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 205 sits

All 197 1-beds →

205 last sold in April 2018 at AED 1,321 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,321). 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. 205's AED 50,600 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Sep 2026400,000
12 Aug 2026540,199
12 Aug 2026450,000
12 Aug 2026500,000
17 1-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 2nd floor

All 212 units in Mayfair Residency
Value
2011-bedAED 581K · Apr 2013
2021-bedAED 1.26M · Mar 2014
2031-bedAED 600K · Aug 2016
2041-bedAED 864K · Jan 2014
2061-bedAED 1M · Mar 2024
2071-bedAED 1.04M · Feb 2016
2081-bedAED 924K · Oct 2017
1–7 of 13

205, Mayfair Residency in numbers

  • Sold twice: first on 25 June 2015 for AED 1,050,940, last on 2 April 2018 for AED 800,000 (AED 1,321 per sqft).
  • Rented since November 2013 on one Ejari contract, at AED 50,600 a year.
  • At AED 50,600 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 9,800 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 2 April 2018.

Questions about 205, Mayfair Residency

What did unit 205 last sell for?

AED 800,000 on 2 April 2018: AED 1,321 per sqft for 605 sqft. The unit has 2 registered sales; the first was AED 1,050,940 in June 2015.

What is the rent for unit 205?

AED 50,600 a year on the contract signed on 10 November 2013.

How big is unit 205?

605 sqft (56.2 sqm): a one-bedroom apartment on the 2nd floor of a 18-storey tower completed in 2011.

What is unit 205 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 205, Mayfair Residency

Starts from the last sale price (AED 800K, 2 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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