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

1214, Mayfair Tower

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1214 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 940K21 April 2014
Current rentAED 70K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1214, Mayfair Tower

What is 1214 worth today?

Last sold for AED 939,723 in 2014

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1 Jan 2026RentedRenewal
AED 70,000/yr12 months · AED 112 per sqft
1 Jan 2025RentedNew contract
AED 70,000/yr12 months · AED 112 per sqft
14 Jan 2024RentedRenewal
AED 63,000/yr12 months · AED 101 per sqft
14 Jan 2023RentedNew contract
AED 60,000/yr12 months · AED 96 per sqft
25 Jun 2021RentedNew contract
AED 42,000/yr6 months · AED 67 per sqft
25 Dec 2019RentedNew contract
AED 51,000/yr12 months · AED 82 per sqft
21 Apr 2014Sold by developerReady
AED 939,723AED 1,499 per sqft
11 Apr 2014RentedNew contract
AED 52,800/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
12th of 17
Parking
B2-71
Developer
Deyaar
Completed
2011
Service charge
AED 10,200 /yr
Last sold
AED 940K · April 2014

About 1214, Mayfair Tower

1214 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. The developer sold it on 21 April 2014 for AED 939,723, or AED 1,499 per sqft, 5% above the AED 1,427 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 70,000 a year: a gross yield of 7.4% on the 2014 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1214 over time

Sales
Unit 1214, 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, April 2014: AED 939,723 (AED 1,499 per sqft)

1214 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1214, 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, April 2014: AED 52,800 a yearNew contract, December 2019: AED 51,000 a yearNew contract, June 2021: AED 42,000 a yearNew contract, January 2023: AED 60,000 a yearRenewal, January 2024: AED 63,000 a yearNew contract, January 2025: AED 70,000 a yearRenewal, January 2026: AED 70,000 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 1214 sits

All 202 1-beds →

1214 last sold in April 2014 at AED 1,499 per sqft, 5% above what one-beds in Mayfair Tower were fetching at the time (AED 1,427). 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. 1214's AED 70,000 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

1214, Mayfair Tower in numbers

  • Sold once: by Deyaar on 21 April 2014 for AED 939,723, or AED 1,499 per sqft.
  • Rented since April 2014 on 7 Ejari contracts. The rent fell from AED 52,800 to AED 42,000 in 2021 and recovered to AED 70,000 by January 2026.
  • At AED 70,000 a year the gross yield on the 2014 price is 7.4%, 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 1 January 2026.

Questions about 1214, Mayfair Tower

What did unit 1214 last sell for?

AED 939,723 on 21 April 2014, sold by the developer: AED 1,499 per sqft for 627 sqft. It is the only registered sale of the unit.

What is the rent for unit 1214?

AED 70,000 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 70,000; the unit has been rented since April 2014.

How big is unit 1214?

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

What is unit 1214 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 1214, Mayfair Tower

Starts from the last sale price (AED 940K, 21 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 939,723
Deposit, UAE resident (20%)
AED 187,945
Deposit, non-resident (40%)
AED 375,889
Monthly over 25 years at 3.7%
AED 3,845

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