1-bed · 649 sqftMayfair Residency, Business Bay · 4th floor · completed 2011

414, Mayfair Residency

Sold prices and rental history: sold twice, last in February 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 1 April 2021
Last soldAED 903K3 February 2013
Current rentAED 60K /yr1 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Mayfair Residency

What is 414 worth today?

Last sold for AED 903,052 in 2013

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1 Apr 2021RentedRenewal
AED 60,000/yr12 months · AED 93 per sqft
1 Apr 2020RentedRenewal
AED 60,000/yr12 months · AED 93 per sqft
1 Apr 2019RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
1 Apr 2018RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
1 Apr 2017RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
1 Apr 2016RentedRenewal
AED 75,000/yr12 months · AED 116 per sqft
1 Apr 2015RentedNew contract
AED 75,000/yr12 months · AED 116 per sqft
1 Apr 2014RentedNew contract
AED 65,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 1 April 2021.

Key facts

Type
1-bed apartment
Size
649 sqft
Floor
4th of 18
Parking
P2-27
Developer
Deyaar
Completed
2011
Service charge
AED 10,500 /yr
Last sold
AED 903K · February 2013

About 414, Mayfair Residency

414 is a one-bedroom apartment of 649 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 3 February 2013 for AED 903,052, or AED 1,391 per sqft, 3% above the AED 1,347 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 April 2021, is AED 60,000 a year: a gross yield of 6.6% on the 2013 price, before the service charge of about AED 10,500 a year.

Sales and rents for 414 over time

Sales
Unit 414, 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, June 2009: AED 858,052 (AED 1,322 per sqft)Sold, February 2013: AED 903,052 (AED 1,391 per sqft)

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

Rents
Unit 414, 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, April 2014: AED 65,000 a yearNew contract, April 2015: AED 75,000 a yearRenewal, April 2016: AED 75,000 a yearRenewal, April 2017: AED 75,000 a yearRenewal, April 2018: AED 75,000 a yearRenewal, April 2019: AED 75,000 a yearRenewal, April 2020: AED 60,000 a yearRenewal, April 2021: AED 60,000 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 414 sits

All 197 1-beds →

414 last sold in February 2013 at AED 1,391 per sqft, 3% above what one-beds in Mayfair Residency were fetching at the time (AED 1,347). 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. 414's AED 60,000 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 4th floor

All 212 units in Mayfair Residency
Value
4011-bedAED 980K · Dec 2024
4021-bedAED 1.25M · Jan 2015
4031-bedAED 805K · Nov 2013
4041-bedAED 650K · Dec 2023
4051-bedAED 442K · Apr 2012
4061-bedAED 700K · Oct 2022
4071-bedAED 435K · Dec 2011
1–7 of 13

414, Mayfair Residency in numbers

  • Sold twice: first on 11 June 2009 for AED 858,052, last on 3 February 2013 for AED 903,052 (AED 1,391 per sqft).
  • Rented since April 2014 on 8 Ejari contracts, from AED 65,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2013 price is 6.6%, before a service charge of about AED 10,500 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 1 April 2021.

Questions about 414, Mayfair Residency

What did unit 414 last sell for?

AED 903,052 on 3 February 2013: AED 1,391 per sqft for 649 sqft. The unit has 2 registered sales; the first was AED 858,052 in June 2009.

What is the rent for unit 414?

AED 60,000 a year on the contract renewed on 1 April 2021. The previous contract, from April 2020, was AED 60,000; the unit has been rented since April 2014.

How big is unit 414?

649 sqft (60.3 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.

What is unit 414 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 414, Mayfair Residency

Starts from the last sale price (AED 903K, 3 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 903,052
Deposit, UAE resident (20%)
AED 180,610
Deposit, non-resident (40%)
AED 361,221
Monthly over 25 years at 3.7%
AED 3,695

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