705, Mayfair Residency
Sold prices and rental history: sold 4 times, last in December 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Mayfair Residency
What is 705 worth today?
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Source: Dubai Land Department. Updated 6 December 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 605 sqft
- Floor
- 7th of 18
- Parking
- B1-53
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,800 /yr
- Last sold
- AED 550K · December 2019
- Building
- Mayfair Residency
About 705, Mayfair Residency
705 is a one-bedroom apartment of 605 sqft on the 7th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 12 December 2019 for AED 550,000, or AED 908 per sqft, in line with the AED 908 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 6 December 2020, is AED 53,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 9,800 a year.
Sales and rents for 705 over time
705 has sold 4 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 705 sits
All 197 1-beds →705 last sold in December 2019 at AED 908 per sqft, in line with 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. 705's AED 53,000 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 | |
| 704 | 1-bed | 596 sqft | AED 830KAED 830,000 · Dec 2017December 2017 | 60,000 /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 |
705, Mayfair Residency in numbers
- Sold 4 times: first on 11 June 2009 for AED 818,946, last on 12 December 2019 for AED 550,000 (AED 908 per sqft).
- Rented since December 2015 on 6 Ejari contracts, from AED 70,000 to AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 9,800 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 6 December 2020.
Questions about 705, Mayfair Residency
What did unit 705 last sell for?
AED 550,000 on 12 December 2019: AED 908 per sqft for 605 sqft. The unit has 4 registered sales; the first was AED 818,946 in June 2009.
What is the rent for unit 705?
AED 53,000 a year on the contract signed on 6 December 2020. The previous contract, from December 2019, was AED 60,000; the unit has been rented since December 2015.
How big is unit 705?
605 sqft (56.2 sqm): a one-bedroom apartment on the 7th floor of a 18-storey tower completed in 2011.
What is unit 705 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 705, Mayfair Residency
Starts from the last sale price (AED 550K, 12 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →