1508, Mayfair Tower
Sold prices and rental history: sold 3 times, last in June 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Mayfair Tower
What is 1508 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 569 sqft
- Floor
- 15th of 17
- Parking
- B3-11
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,200 /yr
- Last sold
- AED 400K · June 2012
- Building
- Mayfair Tower
About 1508, Mayfair Tower
1508 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 18 June 2012 for AED 400,000, or AED 702 per sqft, 51% below the AED 1,447 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 69,300 a year: a gross yield of 17.3% on the 2012 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1508 over time
1508 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 1508 sits
All 202 1-beds →1508 last sold in June 2012 at AED 702 per sqft, 51% below what one-beds in Mayfair Tower were fetching at the time (AED 1,447). 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. 1508's AED 69,300 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 15th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 574 sqft | AED 860KAED 860,478 · Dec 2012December 2012 | 85,000 /yr | |
| 1502 | 1-bed | 805 sqft | AED 805KAED 805,000 · Feb 2023February 2023 | 85,000 /yr | |
| 1503 | 1-bed | 287 sqft | AED 207KAED 207,000 · Apr 2012April 2012 | 85,000 /yr | |
| 1504 | 1-bed | 807 sqft | AED 1.04MAED 1,036,850 · Dec 2025December 2025 | 66,000 /yr | |
| 1505 | 1-bed | 569 sqft | AED 625KAED 625,000 · Feb 2023February 2023 | 45,000 /yr | |
| 1509 | 1-bed | 807 sqft | AED 900KAED 900,000 · Jul 2017July 2017 | 57,750 /yr | |
| 1510 | 1-bed | 574 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 68,000 /yr | |
| 1511 | 1-bed | 804 sqft | AED 1.18MAED 1,177,183 · Feb 2012February 2012 | 73,000 /yr | |
| 1512 | 1-bed | 619 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 58,000 /yr | |
| 1513 | 1-bed | 627 sqft | AED 865KAED 865,000 · Jan 2025January 2025 | 70,000 /yr | |
| 1514 | 1-bed | 627 sqft | AED 850KAED 850,000 · May 2015May 2015 | 72,000 /yr |
1508, Mayfair Tower in numbers
- Sold 3 times: first on 18 October 2009 for AED 401,295, last on 18 June 2012 for AED 400,000 (AED 702 per sqft).
- Rented since October 2013 on 14 Ejari contracts, from AED 40,800 to AED 69,300 a year.
- At AED 69,300 a year the gross yield on the 2012 price is 17.3%, 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 1 February 2026.
Questions about 1508, Mayfair Tower
What did unit 1508 last sell for?
AED 400,000 on 18 June 2012: AED 702 per sqft for 569 sqft. The unit has 3 registered sales; the first was AED 401,295 in October 2009.
What is the rent for unit 1508?
AED 69,300 a year on the contract renewed on 1 February 2026. The previous contract, from February 2025, was AED 66,000; the unit has been rented since October 2013.
How big is unit 1508?
569 sqft (52.9 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.
What is unit 1508 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 1508, Mayfair Tower
Starts from the last sale price (AED 400K, 18 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →