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

1014, Mayfair Tower

Sold prices and rental history: sold 4 times, last in June 2017, and rented once, from November 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1014 · DLD and Ejari recordsUpdated 8 June 2017
Last soldAED 910K8 June 2017
Current rentAED 58K /yr1 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1014, Mayfair Tower

What is 1014 worth today?

Last sold for AED 910,000 in 2017

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8 Jun 2017SoldReady
AED 910,000AED 1,451 per sqft
10 Apr 2017SoldReady
AED 688,278AED 1,097 per sqft
1 Nov 2016RentedNew contract
AED 58,443/yr12 months · AED 93 per sqft
22 Apr 2012SoldReady
AED 962,804AED 1,535 per sqft
11 Jun 2009Sold by developerOff-plan
AED 887,804AED 1,416 per sqft

Source: Dubai Land Department. Updated 8 June 2017.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
10th of 17
Parking
B2-49
Developer
Deyaar
Completed
2011
Service charge
AED 10,200 /yr
Last sold
AED 910K · June 2017
Building
Mayfair Tower

About 1014, Mayfair Tower

1014 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 8 June 2017 for AED 910,000, or AED 1,451 per sqft, 18% above the AED 1,232 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2016. The current contract, signed on 1 November 2016, is AED 58,443 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1014 over time

Sales
Unit 1014, 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 1,416 per sqft)Sold, April 2012: AED 962,804 (AED 1,535 per sqft)Sold, April 2017: AED 688,278 (AED 1,097 per sqft)Sold, June 2017: AED 910,000 (AED 1,451 per sqft)

1014 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1014, each contractTypical one-bed in Mayfair Tower
40K60K2012201620202024Typical 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 2016: AED 58,443 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 1014 sits

All 202 1-beds →

1014 last sold in June 2017 at AED 1,451 per sqft, 18% 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. 1014's AED 58,443 is in the lower half 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

1014, Mayfair Tower in numbers

  • Sold 4 times: first on 11 June 2009 for AED 887,804, last on 8 June 2017 for AED 910,000 (AED 1,451 per sqft).
  • Rented since November 2016 on one Ejari contract, at AED 58,443 a year.
  • At AED 58,443 a year the gross yield on the 2017 price is 6.4%, 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 8 June 2017.

Questions about 1014, Mayfair Tower

What did unit 1014 last sell for?

AED 910,000 on 8 June 2017: AED 1,451 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 1014?

AED 58,443 a year on the contract signed on 1 November 2016.

How big is unit 1014?

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

What is unit 1014 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 1014, Mayfair Tower

Starts from the last sale price (AED 910K, 8 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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