308, Mayfair Residency
Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Mayfair Residency
What is 308 worth today?
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Source: Dubai Land Department. Updated 11 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 3rd of 18
- Parking
- G-04
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,400 /yr
- Last sold
- AED 860K · November 2023
- Building
- Mayfair Residency
About 308, Mayfair Residency
308 is a one-bedroom apartment of 644 sqft on the 3rd floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 7 November 2023 for AED 860,000, or AED 1,336 per sqft, 20% above the AED 1,109 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, renewed on 11 May 2026, is AED 62,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 10,400 a year.
Sales and rents for 308 over time
308 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 308 sits
All 197 1-beds →308 last sold in November 2023 at AED 1,336 per sqft, 20% above what one-beds in Mayfair Residency were fetching at the time (AED 1,109). 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. 308's AED 62,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20263 September 2026 | 298 sqft | 400,000 | 1,342 | ||
| 12 Aug 202612 August 2026 | 416 sqft | 540,199 | 1,297 | ||
| 12 Aug 202612 August 2026 | 324 sqft | 450,000 | 1,387 | ||
| 12 Aug 202612 August 2026 | 376 sqft | 500,000 | 1,330 |
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 3rd floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 614 sqft | AED 830KAED 830,000 · Sep 2023September 2023 | 65,000 /yr | |
| 302 | 1-bed | 780 sqft | AED 950KAED 950,000 · Feb 2016February 2016 | 75,000 /yr | |
| 303 | 1-bed | 619 sqft | AED 1.02MAED 1,019,000 · Sep 2025September 2025 | 60,720 /yr | |
| 304 | 1-bed | 596 sqft | AED 827KAED 826,612 · Jul 2009July 2009 | 65,000 /yr | |
| 305 | 1-bed | 605 sqft | AED 900KAED 900,000 · Apr 2013April 2013 | 64,000 /yr | |
| 306 | 1-bed | 859 sqft | AED 1.09MAED 1,086,226 · Apr 2014April 2014 | 82,000 /yr | |
| 307 | 1-bed | 614 sqft | AED 958KAED 958,350 · Jul 2014July 2014 | 65,000 /yr | |
| 309 | 1-bed | 832 sqft | AED 950KAED 950,000 · Dec 2015December 2015 | ||
| 310 | 1-bed | 623 sqft | AED 695KAED 694,870 · Jan 2013January 2013 | 58,737 /yr | |
| 311 | 1-bed | 596 sqft | AED 1.07MAED 1,069,775 · Jun 2014June 2014 | 66,000 /yr | |
| 312 | 1-bed | 633 sqft | AED 942KAED 942,127 · Apr 2014April 2014 | 71,665 /yr | |
| 313 | 1-bed | 752 sqft | AED 1.05MAED 1,051,700 · Jun 2009June 2009 | 75,000 /yr | |
| 314 | 1-bed | 649 sqft | AED 625KAED 624,870 · Dec 2012December 2012 | 52,000 /yr |
308, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 802,474, last on 7 November 2023 for AED 860,000 (AED 1,336 per sqft).
- Rented since March 2016 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 35,000 in 2021 and recovered to AED 62,000 by May 2026.
- At AED 62,000 a year the gross yield on the 2023 price is 7.2%, 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 11 May 2026.
Questions about 308, Mayfair Residency
What did unit 308 last sell for?
AED 860,000 on 7 November 2023: AED 1,336 per sqft for 644 sqft. The unit has 3 registered sales; the first was AED 802,474 in June 2009.
What is the rent for unit 308?
AED 62,000 a year on the contract renewed on 11 May 2026. The previous contract, from May 2025, was AED 70,000; the unit has been rented since March 2016.
How big is unit 308?
644 sqft (59.8 sqm): a one-bedroom apartment on the 3rd floor of a 18-storey tower completed in 2011.
What is unit 308 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 308, Mayfair Residency
Starts from the last sale price (AED 860K, 7 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 860,000
- Deposit, UAE resident (20%)
- AED 172,000
- Deposit, non-resident (40%)
- AED 344,000
- Monthly over 25 years at 3.7%
- AED 3,519
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →