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1-bed · 807 sqftMayfair Tower, Business Bay · 15th floor · completed 2011

1509, Mayfair Tower

Sold prices and rental history: sold twice, last in July 2017, and rented once, from January 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 16 July 2017
Last soldAED 900K16 July 2017
Current rentAED 58K /yr23 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1509, Mayfair Tower

What is 1509 worth today?

Last sold for AED 900,000 in 2017

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16 Jul 2017SoldReady
AED 900,000AED 1,115 per sqft
2 Apr 2014Sold by developerReady
AED 1,084,164AED 1,344 per sqft
23 Jan 2014RentedNew contract
AED 57,750/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 16 July 2017.

Key facts

Type
1-bed apartment
Size
807 sqft
Floor
15th of 17
Parking
B3-32
Developer
Deyaar
Completed
2011
Service charge
AED 13,100 /yr
Last sold
AED 900K · July 2017
Building
Mayfair Tower

About 1509, Mayfair Tower

1509 is a one-bedroom apartment of 807 sqft on the 15th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 16 July 2017 for AED 900,000, or AED 1,115 per sqft, 9% below the AED 1,222 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 January 2014. The current contract, signed on 23 January 2014, is AED 57,750 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 13,100 a year.

Sales and rents for 1509 over time

Sales
Unit 1509, 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, April 2014: AED 1,084,164 (AED 1,344 per sqft)Sold, July 2017: AED 900,000 (AED 1,115 per sqft)

1509 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1509, 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, January 2014: AED 57,750 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 1509 sits

All 202 1-beds →

1509 last sold in July 2017 at AED 1,115 per sqft, 9% below what one-beds in Mayfair Tower were fetching at the time (AED 1,222). 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. 1509's AED 57,750 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
15051-bedAED 625K · Feb 2023
15081-bedAED 400K · Jun 2012
15101-bedAED 850K · Sep 2024
1–7 of 11

1509, Mayfair Tower in numbers

  • Sold twice: first on 2 April 2014 for AED 1,084,164, last on 16 July 2017 for AED 900,000 (AED 1,115 per sqft).
  • Rented since January 2014 on one Ejari contract, at AED 57,750 a year.
  • At AED 57,750 a year the gross yield on the 2017 price is 6.4%, before a service charge of about AED 13,100 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 16 July 2017.

Questions about 1509, Mayfair Tower

What did unit 1509 last sell for?

AED 900,000 on 16 July 2017: AED 1,115 per sqft for 807 sqft. The unit has 2 registered sales; the first was AED 1,084,164 in April 2014.

What is the rent for unit 1509?

AED 57,750 a year on the contract signed on 23 January 2014.

How big is unit 1509?

807 sqft (75.0 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.

What is unit 1509 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 1509, Mayfair Tower

Starts from the last sale price (AED 900K, 16 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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