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1-bed · 614 sqftMayfair Residency, Business Bay · 2nd floor · completed 2011

207, Mayfair Residency

Sold prices and rental history: sold once, by the developer in February 2016, and rented once, from November 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 14 February 2016
Last soldAED 1.04M14 February 2016
Current rentAED 51K /yr29 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 207, Mayfair Residency

What is 207 worth today?

Last sold for AED 1,043,578 in 2016

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14 Feb 2016Sold by developerReady
AED 1,043,578AED 1,700 per sqft
29 Nov 2013RentedNew contract
AED 50,600/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 14 February 2016.

Key facts

Type
1-bed apartment
Size
614 sqft
Floor
2nd of 18
Parking
P3-07
Developer
Deyaar
Completed
2011
Service charge
AED 9,900 /yr
Last sold
AED 1.04M · February 2016
Building
Mayfair Residency

About 207, Mayfair Residency

207 is a one-bedroom apartment of 614 sqft on the 2nd floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 14 February 2016 for AED 1,043,578, or AED 1,700 per sqft, 22% above the AED 1,390 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 November 2013. The current contract, signed on 29 November 2013, is AED 50,600 a year: a gross yield of 4.9% on the 2016 price, before the service charge of about AED 9,900 a year.

Sales and rents for 207 over time

Sales
Unit 207, 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, February 2016: AED 1,043,578 (AED 1,700 per sqft)

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

Rents
Unit 207, 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 207 sits

All 197 1-beds →

207 last sold in February 2016 at AED 1,700 per sqft, 22% above what one-beds in Mayfair Residency were fetching at the time (AED 1,390). 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. 207'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
2051-bedAED 800K · Apr 2018
2061-bedAED 1M · Mar 2024
2081-bedAED 924K · Oct 2017
1–7 of 13

207, Mayfair Residency in numbers

  • Sold once: by Deyaar on 14 February 2016 for AED 1,043,578, or AED 1,700 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 2016 price is 4.9%, before a service charge of about AED 9,900 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 14 February 2016.

Questions about 207, Mayfair Residency

What did unit 207 last sell for?

AED 1,043,578 on 14 February 2016, sold by the developer: AED 1,700 per sqft for 614 sqft. It is the only registered sale of the unit.

What is the rent for unit 207?

AED 50,600 a year on the contract signed on 29 November 2013.

How big is unit 207?

614 sqft (57.0 sqm): a one-bedroom apartment on the 2nd floor of a 18-storey tower completed in 2011.

What is unit 207 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 207, Mayfair Residency

Starts from the last sale price (AED 1.04M, 14 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,043,578
Deposit, UAE resident (20%)
AED 208,716
Deposit, non-resident (40%)
AED 417,431
Monthly over 25 years at 3.7%
AED 4,270

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