1-bed · 859 sqftMayfair Residency, Business Bay · 7th floor · completed 2011

706, Mayfair Residency

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 29 September 2026
Last soldAED 1.05M11 June 2009
Current rentAED 65K /yr29 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Mayfair Residency

What is 706 worth today?

Last sold for AED 1,050,243 in 2009

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29 Sep 2026RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
22 Dec 2025RentedNew contract
AED 103,000/yr12 months · AED 120 per sqft
2 May 2025RentedRenewal
AED 57,684/yr12 months · AED 67 per sqft
2 May 2025RentedRenewal
AED 57,684/yr12 months · AED 67 per sqft
6 Mar 2025RentedNew contract
AED 75,075/yr12 months · AED 87 per sqft
6 Mar 2025RentedNew contract
AED 75,075/yr12 months · AED 87 per sqft
2 May 2024RentedRenewal
AED 57,684/yr12 months · AED 67 per sqft
2 May 2023RentedNew contract
AED 52,440/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 29 September 2026.

Key facts

Type
1-bed apartment
Size
859 sqft
Floor
7th of 18
Parking
B1-50
Developer
Deyaar
Completed
2011
Service charge
AED 13,900 /yr
Last sold
AED 1.05M · June 2009

About 706, Mayfair Residency

706 is a one-bedroom apartment of 859 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 2009 for AED 1,050,243, or AED 1,222 per sqft, 6% below the AED 1,306 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 11 Ejari contracts. The current contract, signed on 29 September 2026, is AED 65,000 a year: a gross yield of 6.2% on the 2009 price, before the service charge of about AED 13,900 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 1,050,243 (AED 1,222 per sqft)

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

Rents
Unit 706, each contractTypical one-bed in Mayfair Residency
50K100K2012201620202024Typical 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, October 2018: AED 60,000 a yearNew contract, May 2021: AED 38,000 a yearRenewal, May 2022: AED 45,600 a yearNew contract, May 2023: AED 52,440 a yearRenewal, May 2024: AED 57,684 a yearNew contract, March 2025: AED 75,075 a yearNew contract, March 2025: AED 75,075 a yearRenewal, May 2025: AED 57,684 a yearRenewal, May 2025: AED 57,684 a yearNew contract, December 2025: AED 103,000 a yearNew contract, September 2026: AED 65,000 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 706 sits

All 197 1-beds →

706 last sold in June 2009 at AED 1,222 per sqft, 6% below what one-beds in Mayfair Residency were fetching at the time (AED 1,306). 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. 706's AED 65,000 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 7th floor

All 212 units in Mayfair Residency
Value
7011-bedAED 242K · Mar 2012
7021-bedAED 1.33M · Jun 2014
7031-bedAED 635K · Jan 2020
7041-bedAED 830K · Dec 2017
7051-bedAED 550K · Dec 2019
7071-bedAED 650K · Feb 2020
7081-bedAED 750K · Feb 2018
1–7 of 13

706, Mayfair Residency in numbers

  • Sold once: by Deyaar on 11 June 2009 for AED 1,050,243, or AED 1,222 per sqft.
  • Rented since October 2018 on 11 Ejari contracts. The rent fell from AED 60,000 to AED 38,000 in 2021 and recovered to AED 65,000 by September 2026.
  • At AED 65,000 a year the gross yield on the 2009 price is 6.2%, before a service charge of about AED 13,900 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 29 September 2026.

Questions about 706, Mayfair Residency

What did unit 706 last sell for?

AED 1,050,243 on 11 June 2009, sold by the developer: AED 1,222 per sqft for 859 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 65,000 a year on the contract signed on 29 September 2026. The previous contract, from December 2025, was AED 103,000; the unit has been rented since October 2018.

How big is unit 706?

859 sqft (79.8 sqm): a one-bedroom apartment on the 7th floor of a 18-storey tower completed in 2011.

What is unit 706 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 706, Mayfair Residency

Starts from the last sale price (AED 1.05M, 11 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,243
Deposit, UAE resident (20%)
AED 210,049
Deposit, non-resident (40%)
AED 420,097
Monthly over 25 years at 3.7%
AED 4,297

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