407, Mayfair Residency
Sold prices and rental history: sold 3 times, last in December 2011, 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 407, Mayfair Residency
What is 407 worth today?
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Source: Dubai Land Department. Updated 23 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 4th of 18
- Parking
- P1-23 , P1-26
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 435K · December 2011
- Building
- Mayfair Residency
About 407, Mayfair Residency
407 is a one-bedroom apartment of 614 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 26 December 2011 for AED 435,000, or AED 708 per sqft, 43% below the AED 1,253 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 23 October 2021, is AED 35,000 a year: a gross yield of 8.1% on the 2011 price, before the service charge of about AED 9,900 a year.
Sales and rents for 407 over time
407 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 407 sits
All 197 1-beds →407 last sold in December 2011 at AED 708 per sqft, 43% below what one-beds in Mayfair Residency were fetching at the time (AED 1,253). 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. 407's AED 35,000 is at the bottom 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 4th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 614 sqft | AED 980KAED 980,000 · Dec 2024December 2024 | 42,000 /yr | |
| 402 | 1-bed | 780 sqft | AED 1.25MAED 1,250,000 · Jan 2015January 2015 | 63,000 /yr | |
| 403 | 1-bed | 619 sqft | AED 805KAED 804,696 · Nov 2013November 2013 | 67,069 /yr | |
| 404 | 1-bed | 596 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | 77,000 /yr | |
| 405 | 1-bed | 605 sqft | AED 442KAED 442,156 · Apr 2012April 2012 | 36,000 /yr | |
| 406 | 1-bed | 859 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 39,000 /yr | |
| 408 | 1-bed | 644 sqft | AED 540KAED 540,000 · Jun 2022June 2022 | 73,500 /yr | |
| 409 | 1-bed | 832 sqft | AED 968KAED 967,500 · Nov 2024November 2024 | 70,132 /yr | |
| 410 | 1-bed | 623 sqft | AED 890KAED 890,000 · Sep 2024September 2024 | 69,600 /yr | |
| 411 | 1-bed | 596 sqft | AED 1.08MAED 1,080,581 · Aug 2014August 2014 | 65,000 /yr | |
| 412 | 1-bed | 633 sqft | AED 782KAED 781,963 · Oct 2025October 2025 | 64,000 /yr | |
| 413 | 1-bed | 752 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | ||
| 414 | 1-bed | 649 sqft | AED 903KAED 903,052 · Feb 2013February 2013 | 60,000 /yr |
407, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 752,761, last on 26 December 2011 for AED 435,000 (AED 708 per sqft).
- Rented since August 2016 on 4 Ejari contracts, from AED 60,923 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2011 price is 8.1%, 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 23 October 2021.
Questions about 407, Mayfair Residency
What did unit 407 last sell for?
AED 435,000 on 26 December 2011: AED 708 per sqft for 614 sqft. The unit has 3 registered sales; the first was AED 752,761 in June 2009.
What is the rent for unit 407?
AED 35,000 a year on the contract renewed on 23 October 2021. The previous contract, from October 2020, was AED 35,000; the unit has been rented since August 2016.
How big is unit 407?
614 sqft (57.0 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.
What is unit 407 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 407, Mayfair Residency
Starts from the last sale price (AED 435K, 26 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →