1-bed · 807 sqftMayfair Tower, Business Bay · 10th floor · completed 2011

1009, Mayfair Tower

Sold prices and rental history: sold 5 times, last in December 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 19 December 2022
Last soldAED 703K19 December 2022
Current rentAED 38K /yr7 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Mayfair Tower

What is 1009 worth today?

Last sold for AED 703,339 in 2022

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19 Dec 2022SoldReady
AED 703,339AED 871 per sqft
7 Mar 2021RentedNew contract
AED 38,000/yr12 months · AED 47 per sqft
4 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 62 per sqft
27 Jan 2019RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
22 Oct 2017SoldReady
AED 850,000AED 1,053 per sqft
10 Apr 2017SoldReady
AED 885,638AED 1,097 per sqft
18 Nov 2016RentedNew contract
AED 75,000/yr12 months · AED 93 per sqft
1 Nov 2015RentedNew contract
AED 58,200/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 19 December 2022.

Key facts

Type
1-bed apartment
Size
807 sqft
Floor
10th of 17
Parking
B2-44
Developer
Deyaar
Completed
2011
Service charge
AED 13,100 /yr
Last sold
AED 703K · December 2022

About 1009, Mayfair Tower

1009 is a one-bedroom apartment of 807 sqft on the 10th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 19 December 2022 for AED 703,339, or AED 871 per sqft, 8% below the AED 947 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 7 March 2021, is AED 38,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 13,100 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical one-bed in Mayfair Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 831,809; 2010 AED 876,848; 2011 AED 615,402; 2012 AED 875,163; 2013 AED 851,281; 2014 AED 900,000; 2015 AED 862,500; 2016 AED 725,000; 2017 AED 850,000; 2019 AED 730,000; 2021 AED 530,000; 2022 AED 600,000; 2023 AED 750,000; 2024 AED 850,000; 2025 AED 965,000; 2026 AED 1,000,000Sold by developer, June 2009: AED 1,101,247 (AED 1,365 per sqft)Sold, April 2012: AED 1,176,247 (AED 1,458 per sqft)Sold, April 2017: AED 885,638 (AED 1,097 per sqft)Sold, October 2017: AED 850,000 (AED 1,053 per sqft)Sold, December 2022: AED 703,339 (AED 871 per sqft)

1009 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1009, each contractTypical one-bed in Mayfair Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 35,077; 2013 AED 46,200; 2014 AED 52,800; 2015 AED 72,000; 2016 AED 70,000; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 54,000; 2020 AED 45,000; 2021 AED 41,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 69,000; 2025 AED 70,000; 2026 AED 68,775New contract, November 2015: AED 58,200 a yearNew contract, November 2016: AED 75,000 a yearNew contract, January 2019: AED 55,000 a yearNew contract, December 2019: AED 50,000 a yearNew contract, March 2021: AED 38,000 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 Tower, and where 1009 sits

All 202 1-beds →

1009 last sold in December 2022 at AED 871 per sqft, 8% below what one-beds in Mayfair Tower were fetching at the time (AED 947). 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. 1009's AED 38,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 20261,000,000
19 Aug 20261,100,000
20 Jul 2026810,000
6 May 2026875,000
9 1-bed sales in the last 12 months

Mayfair Tower

Building

215 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%
Mayfair Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 215 units in Mayfair Tower
Value
10011-bedAED 850K · Jun 2017
10021-bedAED 1.05M · Jul 2017
10031-bedAED 530K · Sep 2020
10041-bedAED 1.02M · Aug 2017
10051-bedAED 800K · Apr 2017
10061-bedAED 600K · Aug 2022
10071-bedAED 820K · Aug 2017
1–7 of 13

1009, Mayfair Tower in numbers

  • Sold 5 times: first on 11 June 2009 for AED 1,101,247, last on 19 December 2022 for AED 703,339 (AED 871 per sqft).
  • Rented since November 2015 on 5 Ejari contracts, from AED 58,200 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 13,100 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 19 December 2022.

Questions about 1009, Mayfair Tower

What did unit 1009 last sell for?

AED 703,339 on 19 December 2022: AED 871 per sqft for 807 sqft. The unit has 5 registered sales; the first was AED 1,101,247 in June 2009.

What is the rent for unit 1009?

AED 38,000 a year on the contract signed on 7 March 2021. The previous contract, from December 2019, was AED 50,000; the unit has been rented since November 2015.

How big is unit 1009?

807 sqft (75.0 sqm): a one-bedroom apartment on the 10th floor of a 17-storey tower completed in 2011.

What is unit 1009 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 1009, Mayfair Tower

Starts from the last sale price (AED 703K, 19 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 703,339
Deposit, UAE resident (20%)
AED 140,668
Deposit, non-resident (40%)
AED 281,336
Monthly over 25 years at 3.7%
AED 2,878

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