1-bed · 906 sqftMayfair Tower, Business Bay · 1st floor · completed 2011

107, Mayfair Tower

Sold prices and rental history: sold 6 times, last in October 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 107 · DLD and Ejari recordsUpdated 5 October 2022
Last soldAED 1M7 October 2017
Current rentAED 50K /yr5 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 107, Mayfair Tower

What is 107 worth today?

Last sold for AED 1,000,000 in 2017

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5 Oct 2022RentedNew contract
AED 50,000/yr12 months · AED 55 per sqft
7 Oct 2017SoldReady
AED 1,000,000AED 1,103 per sqft
1 Jul 2016RentedNew contract
AED 72,000/yr12 months · AED 80 per sqft
1 Jan 2015RentedNew contract
AED 80,000/yr12 months · AED 88 per sqft
18 Jun 2013SoldReady
AED 1,200,000AED 1,324 per sqft
5 Jan 2012SoldReady
AED 465,000AED 513 per sqft
23 Oct 2011SoldReady
AED 415,000AED 458 per sqft
28 Sep 2011SoldReady
AED 765,499AED 844 per sqft

Source: Dubai Land Department. Updated 5 October 2022.

Key facts

Type
1-bed apartment
Size
906 sqft
Floor
1st of 17
Parking
B3-39
Developer
Deyaar
Completed
2011
Service charge
AED 14,700 /yr
Last sold
AED 1M · October 2017

About 107, Mayfair Tower

107 is a one-bedroom apartment of 906 sqft on the 1st floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 7 October 2017 for AED 1,000,000, or AED 1,103 per sqft, 8% below the AED 1,203 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 5 October 2022, is AED 50,000 a year: a gross yield of 5.0% on the 2017 price, before the service charge of about AED 14,700 a year.

Sales and rents for 107 over time

Sales
Unit 107, 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, July 2009: AED 744,083 (AED 821 per sqft)Sold, September 2011: AED 765,499 (AED 844 per sqft)Sold, October 2011: AED 415,000 (AED 458 per sqft)Sold, January 2012: AED 465,000 (AED 513 per sqft)Sold, June 2013: AED 1,200,000 (AED 1,324 per sqft)Sold, October 2017: AED 1,000,000 (AED 1,103 per sqft)

107 has sold 6 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 107, each contractTypical one-bed in Mayfair Tower
50K75K2012201620202024Typical 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, January 2015: AED 80,000 a yearNew contract, July 2016: AED 72,000 a yearNew contract, October 2022: AED 50,000 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 107 sits

All 202 1-beds →

107 last sold in October 2017 at AED 1,103 per sqft, 8% below what one-beds in Mayfair Tower were fetching at the time (AED 1,203). 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. 107's AED 50,000 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 1st floor

All 215 units in Mayfair Tower
Value
1011-bedAED 1.08M · Mar 2014
1021-bedAED 1.36M · Mar 2014
1031-bedAED 740K · May 2023
1041-bedAED 1.2M · Oct 2012
1051-bedAED 1.11M · Jan 2014
1061-bedAED 950K · Dec 2014
1081-bedAED 460K · Feb 2012
1–7 of 13

107, Mayfair Tower in numbers

  • Sold 6 times: first on 5 July 2009 for AED 744,083, last on 7 October 2017 for AED 1,000,000 (AED 1,103 per sqft).
  • Rented since January 2015 on 3 Ejari contracts, from AED 80,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 5.0%, before a service charge of about AED 14,700 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 5 October 2022.

Questions about 107, Mayfair Tower

What did unit 107 last sell for?

AED 1,000,000 on 7 October 2017: AED 1,103 per sqft for 906 sqft. The unit has 6 registered sales; the first was AED 744,083 in July 2009.

What is the rent for unit 107?

AED 50,000 a year on the contract signed on 5 October 2022. The previous contract, from July 2016, was AED 72,000; the unit has been rented since January 2015.

How big is unit 107?

906 sqft (84.2 sqm): a one-bedroom apartment on the 1st floor of a 17-storey tower completed in 2011.

What is unit 107 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 107, Mayfair Tower

Starts from the last sale price (AED 1M, 7 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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