704, Mayfair Residency
Sold prices and rental history: sold 3 times, last in December 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Mayfair Residency
What is 704 worth today?
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Source: Dubai Land Department. Updated 27 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 596 sqft
- Floor
- 7th of 18
- Parking
- B1-63
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,700 /yr
- Last sold
- AED 830K · December 2017
- Building
- Mayfair Residency
About 704, Mayfair Residency
704 is a one-bedroom apartment of 596 sqft on the 7th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 7 December 2017 for AED 830,000, or AED 1,392 per sqft, in line with the AED 1,392 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 13 Ejari contracts. The current contract, signed on 27 August 2026, is AED 60,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 9,700 a year.
Sales and rents for 704 over time
704 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 704 sits
All 197 1-beds →704 last sold in December 2017 at AED 1,392 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,392). 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. 704's AED 60,000 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 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 | |
| 702 | 1-bed | 780 sqft | AED 1.33MAED 1,327,262 · Jun 2014June 2014 | 54,625 /yr | |
| 703 | 1-bed | 619 sqft | AED 635KAED 635,000 · Jan 2020January 2020 | 68,878 /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 |
704, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 788,988, last on 7 December 2017 for AED 830,000 (AED 1,392 per sqft).
- Rented since April 2017 on 13 Ejari contracts. The rent fell from AED 74,792 to AED 36,000 in 2023 and recovered to AED 60,000 by August 2026.
- At AED 60,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 9,700 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 27 August 2026.
Questions about 704, Mayfair Residency
What did unit 704 last sell for?
AED 830,000 on 7 December 2017: AED 1,392 per sqft for 596 sqft. The unit has 3 registered sales; the first was AED 788,988 in June 2009.
What is the rent for unit 704?
AED 60,000 a year on the contract signed on 27 August 2026. The previous contract, from July 2026, was AED 75,000; the unit has been rented since April 2017.
How big is unit 704?
596 sqft (55.4 sqm): a one-bedroom apartment on the 7th floor of a 18-storey tower completed in 2011.
What is unit 704 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 704, Mayfair Residency
Starts from the last sale price (AED 830K, 7 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 830,000
- Deposit, UAE resident (20%)
- AED 166,000
- Deposit, non-resident (40%)
- AED 332,000
- Monthly over 25 years at 3.7%
- AED 3,396
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →