1-bed · 627 sqftMayfair Tower, Business Bay · 10th floor · completed 2011

1013, Mayfair Tower

Sold prices and rental history: sold 4 times, last in May 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1013 · DLD and Ejari recordsUpdated 12 September 2021
Last soldAED 870K17 May 2017
Current rentAED 20K /yr12 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1013, Mayfair Tower

What is 1013 worth today?

Last sold for AED 870,000 in 2017

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12 Sep 2021RentedNew contract
AED 20,000/yr12 months · AED 32 per sqft
27 Jul 2020RentedNew contract · flagged as an outlier
AED 15,000/yr12 months · AED 24 per sqft
17 May 2017SoldReady
AED 870,000AED 1,386 per sqft
10 Apr 2017SoldReady
AED 688,869AED 1,097 per sqft
22 Apr 2012SoldReady
AED 962,804AED 1,534 per sqft
11 Jun 2009Sold by developerOff-plan
AED 887,804AED 1,414 per sqft

Source: Dubai Land Department. Updated 12 September 2021.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
10th of 17
Parking
B2-48
Developer
Deyaar
Completed
2011
Service charge
AED 10,200 /yr
Last sold
AED 870K · May 2017

About 1013, Mayfair Tower

1013 is a one-bedroom apartment of 627 sqft on the 10th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 17 May 2017 for AED 870,000, or AED 1,386 per sqft, 21% above the AED 1,141 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 12 September 2021, is AED 20,000 a year: a gross yield of 2.3% on the 2017 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1013 over time

Sales
Unit 1013, each saleTypical one-bed in Mayfair Tower
500K750K1M2009201420192024Typical 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 887,804 (AED 1,414 per sqft)Sold, April 2012: AED 962,804 (AED 1,534 per sqft)Sold, April 2017: AED 688,869 (AED 1,097 per sqft)Sold, May 2017: AED 870,000 (AED 1,386 per sqft)

1013 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1013, each contractTypical one-bed in Mayfair Tower
25K50K75K2012201620202024Typical 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, September 2021: AED 20,000 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 1013 sits

All 202 1-beds →

1013 last sold in May 2017 at AED 1,386 per sqft, 21% above what one-beds in Mayfair Tower were fetching at the time (AED 1,141). 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. 1013's AED 20,000 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

1013, Mayfair Tower in numbers

  • Sold 4 times: first on 11 June 2009 for AED 887,804, last on 17 May 2017 for AED 870,000 (AED 1,386 per sqft).
  • Rented since July 2020 on 2 Ejari contracts, from AED 15,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2017 price is 2.3%, before a service charge of about AED 10,200 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 12 September 2021.

Questions about 1013, Mayfair Tower

What did unit 1013 last sell for?

AED 870,000 on 17 May 2017: AED 1,386 per sqft for 627 sqft. The unit has 4 registered sales; the first was AED 887,804 in June 2009.

What is the rent for unit 1013?

AED 20,000 a year on the contract signed on 12 September 2021. The previous contract, from July 2020, was AED 15,000.

How big is unit 1013?

627 sqft (58.3 sqm): a one-bedroom apartment on the 10th floor of a 17-storey tower completed in 2011.

What is unit 1013 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 1013, Mayfair Tower

Starts from the last sale price (AED 870K, 17 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 870,000
Deposit, UAE resident (20%)
AED 174,000
Deposit, non-resident (40%)
AED 348,000
Monthly over 25 years at 3.7%
AED 3,559

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