1-bed · 627 sqftMayfair Tower, Business Bay · 12th floor · completed 2011

1213, Mayfair Tower

Sold prices and rental history: sold 3 times, last in June 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1213 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 300K16 June 2011
Current rentAED 65K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1213, Mayfair Tower

What is 1213 worth today?

Last sold for AED 300,000 in 2011

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1 Jun 2024RentedNew contract
AED 65,000/yr12 months · AED 104 per sqft
1 Aug 2022RentedRenewal
AED 46,000/yr6 months · AED 74 per sqft
1 Aug 2021RentedRenewal
AED 41,000/yr12 months · AED 66 per sqft
1 Aug 2020RentedRenewal
AED 41,000/yr12 months · AED 66 per sqft
1 Aug 2019RentedNew contract
AED 50,000/yr12 months · AED 80 per sqft
7 Jul 2018RentedNew contract
AED 57,000/yr12 months · AED 91 per sqft
25 Jun 2017RentedRenewal
AED 80,850/yr12 months · AED 130 per sqft
25 Jun 2016RentedRenewal
AED 77,000/yr12 months · AED 123 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
12th of 17
Parking
B2-67
Developer
Deyaar
Completed
2011
Service charge
AED 10,200 /yr
Last sold
AED 300K · June 2011

About 1213, Mayfair Tower

1213 is a one-bedroom apartment of 627 sqft on the 12th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 16 June 2011 for AED 300,000, or AED 478 per sqft, 65% below the AED 1,354 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 June 2024, is AED 65,000 a year: a gross yield of 21.7% on the 2011 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1213 over time

Sales
Unit 1213, 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, May 2010: AED 893,107 (AED 1,423 per sqft)Sold, June 2011: AED 300,000 (AED 478 per sqft)Sold, June 2011: AED 893,107 (AED 1,423 per sqft)

1213 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1213, 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, June 2013: AED 45,000 a yearNew contract, June 2015: AED 70,000 a yearRenewal, June 2016: AED 77,000 a yearRenewal, June 2017: AED 80,850 a yearNew contract, July 2018: AED 57,000 a yearNew contract, August 2019: AED 50,000 a yearRenewal, August 2020: AED 41,000 a yearRenewal, August 2021: AED 41,000 a yearRenewal, August 2022: AED 46,000 a yearNew contract, June 2024: AED 65,000 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 1213 sits

All 202 1-beds →

1213 last sold in June 2011 at AED 478 per sqft, 65% below what one-beds in Mayfair Tower were fetching at the time (AED 1,354). 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. 1213's AED 65,000 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 12th floor

All 215 units in Mayfair Tower
Value
12011-bedAED 875K · Feb 2025
12021-bedAED 1.22M · Oct 2013
12031-bedAED 1M · Mar 2015
12041-bedAED 1.22M · Oct 2013
12051-bedAED 790K · Jul 2013
12061-bedAED 650K · Dec 2012
12071-bedAED 843K · Oct 2013
1–7 of 13

1213, Mayfair Tower in numbers

  • Sold 3 times: first on 10 May 2010 for AED 893,107, last on 16 June 2011 for AED 300,000 (AED 478 per sqft).
  • Rented since June 2013 on 10 Ejari contracts, from AED 45,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2011 price is 21.7%, 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 1 June 2024.

Questions about 1213, Mayfair Tower

What did unit 1213 last sell for?

AED 300,000 on 16 June 2011: AED 478 per sqft for 627 sqft. The unit has 3 registered sales; the first was AED 893,107 in May 2010.

What is the rent for unit 1213?

AED 65,000 a year on the contract signed on 1 June 2024. The previous contract, from August 2022, was AED 46,000; the unit has been rented since June 2013.

How big is unit 1213?

627 sqft (58.3 sqm): a one-bedroom apartment on the 12th floor of a 17-storey tower completed in 2011.

What is unit 1213 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 1213, Mayfair Tower

Starts from the last sale price (AED 300K, 16 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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