1001, Mayfair Tower
Sold prices and rental history: sold 4 times, last in June 2017, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Mayfair Tower
What is 1001 worth today?
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Source: Dubai Land Department. Updated 2 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 574 sqft
- Floor
- 10th of 17
- Parking
- B2-36
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,300 /yr
- Last sold
- AED 850K · June 2017
- Building
- Mayfair Tower
About 1001, Mayfair Tower
1001 is a one-bedroom apartment of 574 sqft on the 10th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 15 June 2017 for AED 850,000, or AED 1,481 per sqft, 20% above the AED 1,232 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 2 April 2022, is AED 48,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 9,300 a year.
Sales and rents for 1001 over time
1001 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 Tower, and where 1001 sits
All 202 1-beds →1001 last sold in June 2017 at AED 1,481 per sqft, 20% above what one-beds in Mayfair Tower were fetching at the time (AED 1,232). Over the last 12 months one-beds sold for AED 810,000 to 1,113,296, around AED 1,394 per sqft, and rent for AED 58,000 to 104,000 a year. 1001's AED 48,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 807 sqft | 1,000,000 | 1,239 | ||
| 19 Aug 202619 August 2026 | 807 sqft | 1,100,000 | 1,363 | ||
| 20 Jul 202620 July 2026 | 569 sqft | 810,000 | 1,423 | ||
| 6 May 20266 May 2026 | 627 sqft | 875,000 | 1,394 |
Mayfair Tower
Building215 apartments, 1-bed to 2-bed over 17 floors in Business Bay, completed in 2011 by Deyaar. 9 sold in the last 12 months.
- Typical price per sqft
- AED 1,394
- Typical sale
- AED 1M
- Typical rent
- AED 70K /yr
- Typical yield
- 7.9%
Other units on the 10th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 1-bed | 805 sqft | AED 1.05MAED 1,050,000 · Jul 2017July 2017 | 81,034 /yr | |
| 1003 | 1-bed | 574 sqft | AED 530KAED 530,000 · Sep 2020September 2020 | 75,000 /yr | |
| 1004 | 1-bed | 807 sqft | AED 1.02MAED 1,020,000 · Aug 2017August 2017 | 44,000 /yr | |
| 1005 | 1-bed | 569 sqft | AED 800KAED 800,000 · Apr 2017April 2017 | 72,000 /yr | |
| 1006 | 1-bed | 576 sqft | AED 600KAED 600,000 · Aug 2022August 2022 | 70,000 /yr | |
| 1007 | 1-bed | 576 sqft | AED 820KAED 820,000 · Aug 2017August 2017 | 40,000 /yr | |
| 1008 | 1-bed | 569 sqft | AED 789KAED 789,000 · Aug 2017August 2017 | 62,000 /yr | |
| 1009 | 1-bed | 807 sqft | AED 703KAED 703,339 · Dec 2022December 2022 | 38,000 /yr | |
| 1010 | 1-bed | 574 sqft | AED 570KAED 570,000 · Sep 2022September 2022 | 70,000 /yr | |
| 1011 | 1-bed | 804 sqft | AED 730KAED 730,000 · May 2023May 2023 | 75,000 /yr | |
| 1012 | 1-bed | 619 sqft | AED 720KAED 720,000 · Aug 2023August 2023 | 74,400 /yr | |
| 1013 | 1-bed | 627 sqft | AED 870KAED 870,000 · May 2017May 2017 | 20,000 /yr | |
| 1014 | 1-bed | 627 sqft | AED 910KAED 910,000 · Jun 2017June 2017 | 58,443 /yr |
1001, Mayfair Tower in numbers
- Sold 4 times: first on 11 June 2009 for AED 799,664, last on 15 June 2017 for AED 850,000 (AED 1,481 per sqft).
- Rented since December 2016 on 6 Ejari contracts. The rent fell from AED 65,000 to AED 40,000 in 2020 and recovered to AED 48,000 by April 2022.
- At AED 48,000 a year the gross yield on the 2017 price is 5.7%, before a service charge of about AED 9,300 a year (AED 16.23 per sqft).
- One-beds in Mayfair Tower sold for AED 810,000–1,113,296 in the 12 months to November 2026; the building's median across all types is AED 1,394 per sqft.
Source: Dubai Land Department. Updated 2 April 2022.
Questions about 1001, Mayfair Tower
What did unit 1001 last sell for?
AED 850,000 on 15 June 2017: AED 1,481 per sqft for 574 sqft. The unit has 4 registered sales; the first was AED 799,664 in June 2009.
What is the rent for unit 1001?
AED 48,000 a year on the contract signed on 2 April 2022. The previous contract, from September 2020, was AED 40,000; the unit has been rented since December 2016.
How big is unit 1001?
574 sqft (53.3 sqm): a one-bedroom apartment on the 10th floor of a 17-storey tower completed in 2011.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mayfair Tower sold for AED 810,000 to 1,113,296 in the last 12 months, around AED 1,394 per sqft.
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Mortgage on 1001, Mayfair Tower
Starts from the last sale price (AED 850K, 15 June 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →