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1-bed · 569 sqftMayfair Tower, Business Bay · 15th floor · completed 2011

1505, Mayfair Tower

Sold prices and rental history: sold twice, last in February 2023, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 28 February 2023
Last soldAED 625K28 February 2023
Current rentAED 45K /yr5 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, Mayfair Tower

What is 1505 worth today?

Last sold for AED 625,000 in 2023

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28 Feb 2023SoldReady
AED 625,000AED 1,098 per sqft
5 Apr 2021RentedNew contract
AED 45,000/yr12 months · AED 79 per sqft
11 Jun 2009Sold by developerOff-plan
AED 832,589AED 1,462 per sqft

Source: Dubai Land Department. Updated 28 February 2023.

Key facts

Type
1-bed apartment
Size
569 sqft
Floor
15th of 17
Parking
B3-42
Developer
Deyaar
Completed
2011
Service charge
AED 9,200 /yr
Last sold
AED 625K · February 2023
Building
Mayfair Tower

About 1505, Mayfair Tower

1505 is a one-bedroom apartment of 569 sqft on the 15th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 28 February 2023 for AED 625,000, or AED 1,098 per sqft, 15% above the AED 956 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 April 2021. The current contract, signed on 5 April 2021, is AED 45,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 9,200 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, 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 832,589 (AED 1,462 per sqft)Sold, February 2023: AED 625,000 (AED 1,098 per sqft)

1505 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, 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 2021: AED 45,000 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 1505 sits

All 202 1-beds →

1505 last sold in February 2023 at AED 1,098 per sqft, 15% above what one-beds in Mayfair Tower were fetching at the time (AED 956). 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. 1505's AED 45,000 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 15th floor

All 215 units in Mayfair Tower
Value
15011-bedAED 860K · Dec 2012
15021-bedAED 805K · Feb 2023
15031-bedAED 207K · Apr 2012
15041-bedAED 1.04M · Dec 2025
15081-bedAED 400K · Jun 2012
15091-bedAED 900K · Jul 2017
15101-bedAED 850K · Sep 2024
1–7 of 11

1505, Mayfair Tower in numbers

  • Sold twice: first on 11 June 2009 for AED 832,589, last on 28 February 2023 for AED 625,000 (AED 1,098 per sqft).
  • Rented since April 2021 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2023 price is 7.2%, 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 28 February 2023.

Questions about 1505, Mayfair Tower

What did unit 1505 last sell for?

AED 625,000 on 28 February 2023: AED 1,098 per sqft for 569 sqft. The unit has 2 registered sales; the first was AED 832,589 in June 2009.

What is the rent for unit 1505?

AED 45,000 a year on the contract signed on 5 April 2021.

How big is unit 1505?

569 sqft (52.9 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.

What is unit 1505 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 1505, Mayfair Tower

Starts from the last sale price (AED 625K, 28 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

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