1-bed · 619 sqftMayfair Tower, Business Bay · 15th floor · completed 2011

1512, Mayfair Tower

Sold prices and rental history: sold 3 times, last in January 2026, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1512 · DLD and Ejari recordsUpdated 8 January 2026
Last soldAED 1M8 January 2026
Current rentAED 58K /yr5 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1512, Mayfair Tower

What is 1512 worth today?

Last sold for AED 1,000,000 in 2026

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8 Jan 2026SoldReady
AED 1,000,000AED 1,614 per sqft
5 Nov 2024RentedNew contract
AED 58,000/yr12 months · AED 93 per sqft
5 Nov 2023RentedRenewal
AED 50,400/yr12 months · AED 81 per sqft
5 Nov 2022RentedNew contract
AED 42,000/yr12 months · AED 67 per sqft
5 Oct 2021RentedNew contract
AED 39,000/yr12 months · AED 62 per sqft
6 Jun 2021SoldReady
AED 530,000AED 855 per sqft
1 Mar 2021RentedNew contract
AED 40,000/yr12 months · AED 65 per sqft
1 Feb 2019RentedNew contract
AED 55,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 8 January 2026.

Key facts

Type
1-bed apartment
Size
619 sqft
Floor
15th of 17
Parking
B3-46
Developer
Deyaar
Completed
2011
Service charge
AED 10,100 /yr
Last sold
AED 1M · January 2026

About 1512, Mayfair Tower

1512 is a one-bedroom apartment of 619 sqft on the 15th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 8 January 2026 for AED 1,000,000, or AED 1,614 per sqft, 6% above the AED 1,521 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, signed on 5 November 2024, is AED 58,000 a year: a gross yield of 5.8% on the 2026 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1512 over time

Sales
Unit 1512, 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, September 2015: AED 439,933 (AED 710 per sqft)Sold, June 2021: AED 530,000 (AED 855 per sqft)Sold, January 2026: AED 1,000,000 (AED 1,614 per sqft)

1512 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1512, each contractTypical one-bed in Mayfair Tower
40K60K80K2012201620202024Typical 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, February 2014: AED 70,000 a yearRenewal, February 2015: AED 77,000 a yearNew contract, October 2015: AED 65,000 a yearNew contract, November 2016: AED 65,000 a yearRenewal, November 2017: AED 63,000 a yearNew contract, February 2019: AED 55,000 a yearNew contract, March 2021: AED 40,000 a yearNew contract, October 2021: AED 39,000 a yearNew contract, November 2022: AED 42,000 a yearRenewal, November 2023: AED 50,400 a yearNew contract, November 2024: AED 58,000 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 1512 sits

All 202 1-beds →

1512 last sold in January 2026 at AED 1,614 per sqft, 6% above what one-beds in Mayfair Tower were fetching at the time (AED 1,521). 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. 1512's AED 58,000 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
15051-bedAED 625K · Feb 2023
15081-bedAED 400K · Jun 2012
15091-bedAED 900K · Jul 2017
1–7 of 11

1512, Mayfair Tower in numbers

  • Sold 3 times: first on 16 September 2015 for AED 439,933, last on 8 January 2026 for AED 1,000,000 (AED 1,614 per sqft).
  • Rented since February 2014 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 39,000 in 2021 and recovered to AED 58,000 by November 2024.
  • At AED 58,000 a year the gross yield on the 2026 price is 5.8%, before a service charge of about AED 10,100 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 8 January 2026.

Questions about 1512, Mayfair Tower

What did unit 1512 last sell for?

AED 1,000,000 on 8 January 2026: AED 1,614 per sqft for 619 sqft. The unit has 3 registered sales; the first was AED 439,933 in September 2015.

What is the rent for unit 1512?

AED 58,000 a year on the contract signed on 5 November 2024. The previous contract, from November 2023, was AED 50,400; the unit has been rented since February 2014.

How big is unit 1512?

619 sqft (57.5 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.

What is unit 1512 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 1512, Mayfair Tower

Starts from the last sale price (AED 1M, 8 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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