501, Mayfair Residency
Sold prices and rental history: sold 3 times, last in December 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Mayfair Residency
What is 501 worth today?
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Source: Dubai Land Department. Updated 18 December 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 5th of 18
- Parking
- P1-20
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 650K · December 2019
- Building
- Mayfair Residency
About 501, Mayfair Residency
501 is a one-bedroom apartment of 614 sqft on the 5th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 18 December 2019 for AED 650,000, or AED 1,059 per sqft, 17% above the AED 908 one-beds in the building were fetching at the time.
It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 September 2018, is AED 56,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 9,900 a year.
Sales and rents for 501 over time
501 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 501 sits
All 197 1-beds →501 last sold in December 2019 at AED 1,059 per sqft, 17% above what one-beds in Mayfair Residency were fetching at the time (AED 908). 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. 501's AED 56,000 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 5th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 780 sqft | AED 820KAED 820,000 · Apr 2022April 2022 | 77,000 /yr | |
| 503 | 1-bed | 619 sqft | AED 910KAED 910,000 · Mar 2017March 2017 | ||
| 504 | 1-bed | 298 sqft | AED 400KAED 400,000 · Apr 2016April 2016 | 65,000 /yr | |
| 506 | 1-bed | 859 sqft | No registered sale | 80,000 /yr | |
| 507 | 1-bed | 614 sqft | AED 1.03MAED 1,030,000 · Nov 2025November 2025 | 68,000 /yr | |
| 508 | 1-bed | 644 sqft | AED 660KAED 660,000 · Jan 2023January 2023 | 65,000 /yr | |
| 509 | 1-bed | 832 sqft | AED 760KAED 760,000 · Jun 2023June 2023 | 75,000 /yr | |
| 510 | 1-bed | 623 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 75,001 /yr | |
| 511 | 1-bed | 596 sqft | AED 470KAED 470,000 · Sep 2011September 2011 | 70,000 /yr | |
| 512 | 1-bed | 633 sqft | AED 942KAED 942,127 · Apr 2014April 2014 | 68,043 /yr | |
| 513 | 1-bed | 752 sqft | AED 871KAED 871,000 · Nov 2024November 2024 | 60,000 /yr | |
| 514 | 1-bed | 649 sqft | AED 720KAED 720,000 · Jan 2023January 2023 | 84,998 /yr |
501, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 804,920, last on 18 December 2019 for AED 650,000 (AED 1,059 per sqft).
- Rented since February 2016 on 2 Ejari contracts, from AED 75,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2019 price is 8.6%, 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 18 December 2019.
Questions about 501, Mayfair Residency
What did unit 501 last sell for?
AED 650,000 on 18 December 2019: AED 1,059 per sqft for 614 sqft. The unit has 3 registered sales; the first was AED 804,920 in June 2009.
What is the rent for unit 501?
AED 56,000 a year on the contract signed on 1 September 2018. The previous contract, from February 2016, was AED 75,000.
How big is unit 501?
614 sqft (57.0 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2011.
What is unit 501 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 501, Mayfair Residency
Starts from the last sale price (AED 650K, 18 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →