1408, Mayfair Tower
Sold prices and rental history: sold 3 times, last in March 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Mayfair Tower
What is 1408 worth today?
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Source: Dubai Land Department. Updated 29 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 569 sqft
- Floor
- 14th of 17
- Parking
- P1-14
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,200 /yr
- Last sold
- AED 850K · March 2024
- Building
- Mayfair Tower
About 1408, Mayfair Tower
1408 is a one-bedroom apartment of 569 sqft on the 14th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 29 March 2024 for AED 850,000, or AED 1,493 per sqft, 22% above the AED 1,227 one-beds in the building were fetching at the time.
It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 5 July 2017, is AED 65,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1408 over time
1408 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 1408 sits
All 202 1-beds →1408 last sold in March 2024 at AED 1,493 per sqft, 22% above what one-beds in Mayfair Tower were fetching at the time (AED 1,227). 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. 1408's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 807 sqft | 1,000,000 | 1,239 | ||
| 19 Aug 202619 August 2026 | 807 sqft | 1,100,000 | 1,363 | ||
| 20 Jul 202620 July 2026 | 569 sqft | 810,000 | 1,423 | ||
| 6 May 20266 May 2026 | 627 sqft | 875,000 | 1,394 |
Mayfair Tower
Building215 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%
Other units on the 14th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 574 sqft | AED 530KAED 530,000 · May 2021May 2021 | ||
| 1402 | 1-bed | 805 sqft | AED 800KAED 800,000 · Apr 2019April 2019 | 73,000 /yr | |
| 1403 | 1-bed | 574 sqft | AED 865KAED 865,000 · Jun 2023June 2023 | 85,000 /yr | |
| 1404 | 1-bed | 807 sqft | AED 1.07MAED 1,065,000 · Sep 2024September 2024 | 75,000 /yr | |
| 1405 | 1-bed | 569 sqft | AED 1.2MAED 1,200,000 · May 2025May 2025 | ||
| 1409 | 1-bed | 807 sqft | AED 1.17MAED 1,167,996 · Jan 2012January 2012 | 70,000 /yr | |
| 1410 | 1-bed | 574 sqft | AED 809KAED 809,216 · Sep 2015September 2015 | 65,000 /yr | |
| 1411 | 1-bed | 804 sqft | AED 1.11MAED 1,113,296 · Dec 2025December 2025 | ||
| 1412 | 1-bed | 619 sqft | AED 1.1MAED 1,100,000 · Jan 2025January 2025 | 52,800 /yr | |
| 1413 | 1-bed | 627 sqft | AED 525KAED 525,000 · Dec 2011December 2011 | 78,000 /yr | |
| 1414 | 1-bed | 627 sqft | AED 951KAED 951,054 · Apr 2012April 2012 | 66,000 /yr |
1408, Mayfair Tower in numbers
- Sold 3 times: first on 19 March 2014 for AED 814,369, last on 29 March 2024 for AED 850,000 (AED 1,493 per sqft).
- Rented since May 2014 on 3 Ejari contracts, from AED 52,800 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 9,200 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 29 March 2024.
Questions about 1408, Mayfair Tower
What did unit 1408 last sell for?
AED 850,000 on 29 March 2024: AED 1,493 per sqft for 569 sqft. The unit has 3 registered sales; the first was AED 814,369 in March 2014.
What is the rent for unit 1408?
AED 65,000 a year on the contract signed on 5 July 2017. The previous contract, from May 2015, was AED 63,360; the unit has been rented since May 2014.
How big is unit 1408?
569 sqft (52.9 sqm): a one-bedroom apartment on the 14th floor of a 17-storey tower completed in 2011.
What is unit 1408 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 1408, Mayfair Tower
Starts from the last sale price (AED 850K, 29 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →