702, Mayfair Residency
Sold prices and rental history: sold once, by the developer in June 2014, 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 702, Mayfair Residency
What is 702 worth today?
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Source: Dubai Land Department. Updated 5 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 780 sqft
- Floor
- 7th of 18
- Parking
- B1-59
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.33M · June 2014
- Building
- Mayfair Residency
About 702, Mayfair Residency
702 is a one-bedroom apartment of 780 sqft on the 7th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 11 June 2014 for AED 1,327,262, or AED 1,702 per sqft, 21% above the AED 1,407 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 5 May 2023, is AED 54,625 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 12,600 a year.
Sales and rents for 702 over time
702 has sold once; 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 702 sits
All 197 1-beds →702 last sold in June 2014 at AED 1,702 per sqft, 21% above what one-beds in Mayfair Residency were fetching at the time (AED 1,407). 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. 702's AED 54,625 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 7th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 614 sqft | AED 242KAED 241,782 · Mar 2012March 2012 | 65,000 /yr | |
| 703 | 1-bed | 619 sqft | AED 635KAED 635,000 · Jan 2020January 2020 | 68,878 /yr | |
| 704 | 1-bed | 596 sqft | AED 830KAED 830,000 · Dec 2017December 2017 | 60,000 /yr | |
| 705 | 1-bed | 605 sqft | AED 550KAED 550,000 · Dec 2019December 2019 | 53,000 /yr | |
| 706 | 1-bed | 859 sqft | AED 1.05MAED 1,050,243 · Jun 2009June 2009 | 65,000 /yr | |
| 707 | 1-bed | 614 sqft | AED 650KAED 650,000 · Feb 2020February 2020 | 75,000 /yr | |
| 708 | 1-bed | 644 sqft | AED 750KAED 750,000 · Feb 2018February 2018 | 74,000 /yr | |
| 709 | 1-bed | 832 sqft | AED 1.12MAED 1,120,806 · May 2014May 2014 | 65,000 /yr | |
| 710 | 1-bed | 623 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 75,000 /yr | |
| 711 | 1-bed | 596 sqft | AED 575KAED 575,000 · Sep 2022September 2022 | 38,000 /yr | |
| 712 | 1-bed | 633 sqft | AED 1.08MAED 1,080,000 · Mar 2025March 2025 | 80,000 /yr | |
| 713 | 1-bed | 752 sqft | AED 1.12MAED 1,116,623 · Mar 2012March 2012 | 85,000 /yr | |
| 714 | 1-bed | 649 sqft | AED 671KAED 670,755 · Jan 2013January 2013 | 62,760 /yr |
702, Mayfair Residency in numbers
- Sold once: by Deyaar on 11 June 2014 for AED 1,327,262, or AED 1,702 per sqft.
- Rented since April 2014 on 8 Ejari contracts. The rent fell from AED 52,920 to AED 47,500 in 2021 and recovered to AED 54,625 by May 2023.
- At AED 54,625 a year the gross yield on the 2014 price is 4.1%, before a service charge of about AED 12,600 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 5 May 2023.
Questions about 702, Mayfair Residency
What did unit 702 last sell for?
AED 1,327,262 on 11 June 2014, sold by the developer: AED 1,702 per sqft for 780 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 54,625 a year on the contract signed on 5 May 2023. The previous contract, from May 2021, was AED 47,500; the unit has been rented since April 2014.
How big is unit 702?
780 sqft (72.5 sqm): a one-bedroom apartment on the 7th floor of a 18-storey tower completed in 2011.
What is unit 702 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 702, Mayfair Residency
Starts from the last sale price (AED 1.33M, 11 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,327,262
- Deposit, UAE resident (20%)
- AED 265,452
- Deposit, non-resident (40%)
- AED 530,905
- Monthly over 25 years at 3.7%
- AED 5,430
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →