1-bed · 644 sqftMayfair Residency, Business Bay · 2nd floor · completed 2011

208, Mayfair Residency

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 15 June 2020
Last soldAED 924K22 October 2017
Current rentAED 36K /yr15 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 208, Mayfair Residency

What is 208 worth today?

Last sold for AED 923,938 in 2017

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15 Jun 2020RentedNew contract
AED 36,000/yr12 months · AED 56 per sqft
27 Feb 2018RentedNew contract
AED 70,000/yr12 months · AED 108 per sqft
22 Oct 2017Sold by developerReady
AED 923,938AED 1,435 per sqft
27 Feb 2017RentedRenewal
AED 76,230/yr12 months · AED 118 per sqft
27 Feb 2016RentedRenewal
AED 72,600/yr12 months · AED 113 per sqft
27 Feb 2015RentedRenewal
AED 66,000/yr12 months · AED 103 per sqft
27 Feb 2014RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 15 June 2020.

Key facts

Type
1-bed apartment
Size
644 sqft
Floor
2nd of 18
Parking
P3-08
Developer
Deyaar
Completed
2011
Service charge
AED 10,400 /yr
Last sold
AED 924K · October 2017

About 208, Mayfair Residency

208 is a one-bedroom apartment of 644 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 22 October 2017 for AED 923,938, or AED 1,435 per sqft, 18% above the AED 1,218 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 15 June 2020, is AED 36,000 a year: a gross yield of 3.9% on the 2017 price, before the service charge of about AED 10,400 a year.

Sales and rents for 208 over time

Sales
Unit 208, 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, October 2017: AED 923,938 (AED 1,435 per sqft)

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

Rents
Unit 208, 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, February 2014: AED 55,000 a yearRenewal, February 2015: AED 66,000 a yearRenewal, February 2016: AED 72,600 a yearRenewal, February 2017: AED 76,230 a yearNew contract, February 2018: AED 70,000 a yearNew contract, June 2020: AED 36,000 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 208 sits

All 197 1-beds →

208 last sold in October 2017 at AED 1,435 per sqft, 18% above what one-beds in Mayfair Residency were fetching at the time (AED 1,218). 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. 208's AED 36,000 is at the bottom 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
2071-bedAED 1.04M · Feb 2016
1–7 of 13

208, Mayfair Residency in numbers

  • Sold once: by Deyaar on 22 October 2017 for AED 923,938, or AED 1,435 per sqft.
  • Rented since February 2014 on 6 Ejari contracts, from AED 55,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2017 price is 3.9%, before a service charge of about AED 10,400 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 15 June 2020.

Questions about 208, Mayfair Residency

What did unit 208 last sell for?

AED 923,938 on 22 October 2017, sold by the developer: AED 1,435 per sqft for 644 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 36,000 a year on the contract signed on 15 June 2020. The previous contract, from February 2018, was AED 70,000; the unit has been rented since February 2014.

How big is unit 208?

644 sqft (59.8 sqm): a one-bedroom apartment on the 2nd floor of a 18-storey tower completed in 2011.

What is unit 208 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 208, Mayfair Residency

Starts from the last sale price (AED 924K, 22 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 923,938
Deposit, UAE resident (20%)
AED 184,788
Deposit, non-resident (40%)
AED 369,575
Monthly over 25 years at 3.7%
AED 3,780

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