408, Mayfair Residency
Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mayfair Residency
What is 408 worth today?
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Source: Dubai Land Department. Updated 13 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 4th of 18
- Parking
- B2-78
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,400 /yr
- Last sold
- AED 540K · June 2022
- Building
- Mayfair Residency
About 408, Mayfair Residency
408 is a one-bedroom apartment of 644 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 27 June 2022 for AED 540,000, or AED 839 per sqft, 6% below the AED 893 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 13 May 2026, is AED 73,500 a year: a gross yield of 13.6% on the 2022 price, before the service charge of about AED 10,400 a year.
Sales and rents for 408 over time
408 has sold twice; 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 408 sits
All 197 1-beds →408 last sold in June 2022 at AED 839 per sqft, 6% below what one-beds in Mayfair Residency were fetching at the time (AED 893). 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. 408's AED 73,500 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 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 | |
| 407 | 1-bed | 614 sqft | AED 435KAED 435,000 · Dec 2011December 2011 | 35,000 /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 |
408, Mayfair Residency in numbers
- Sold twice: first on 5 September 2018 for AED 790,586, last on 27 June 2022 for AED 540,000 (AED 839 per sqft).
- Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 75,000 to AED 49,866 in 2021 and recovered to AED 73,500 by May 2026.
- At AED 73,500 a year the gross yield on the 2022 price is 13.6%, 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 13 May 2026.
Questions about 408, Mayfair Residency
What did unit 408 last sell for?
AED 540,000 on 27 June 2022: AED 839 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 790,586 in September 2018.
What is the rent for unit 408?
AED 73,500 a year on the contract renewed on 13 May 2026. The previous contract, from May 2025, was AED 73,500; the unit has been rented since April 2014.
How big is unit 408?
644 sqft (59.8 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.
What is unit 408 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 408, Mayfair Residency
Starts from the last sale price (AED 540K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →