1602, Mayfair Tower
Sold prices and rental history: sold 3 times, last in January 2024, 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 1602, Mayfair Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,113 sqft
- Floor
- 16th of 17
- Parking
- B3-75
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1.4M · January 2024
- Building
- Mayfair Tower
About 1602, Mayfair Tower
1602 is a two-bedroom apartment of 1,113 sqft on the 16th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 19 January 2024 for AED 1,400,000, or AED 1,258 per sqft, in line with the AED 1,232 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 April 2025, is AED 118,000 a year: a gross yield of 8.4% on the 2024 price, before the service charge of about AED 18,100 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mayfair Tower, and where 1602 sits
All 13 2-beds →1602 last sold in January 2024 at AED 1,258 per sqft, in line with what two-beds in Mayfair Tower were fetching at the time (AED 1,232). 1602's AED 118,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jun 202520 June 2025 | 1,157 sqft | 1,400,000 | 1,210 | ||
| 9 Jun 20259 June 2025 | 1,585 sqft | 1,820,000 | 1,148 | ||
| 18 Dec 202318 December 2023 | 1,115 sqft | 1,200,000 | 1,076 | ||
| 31 Oct 202331 October 2023 | 1,120 sqft | 1,381,000 | 1,232 |
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 16th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,585 sqft | AED 1.82MAED 1,820,000 · Jun 2025June 2025 | 140,000 /yr | |
| 1603 | 2-bed | 1,156 sqft | AED 1.74MAED 1,744,320 · Jan 2012January 2012 | 120,000 /yr | |
| 1604 | 2-bed | 1,157 sqft | AED 1.74MAED 1,744,320 · Feb 2012February 2012 | 104,688 /yr | |
| 1605 | 2-bed | 1,115 sqft | AED 1.35MAED 1,350,074 · Jul 2019July 2019 | ||
| 1607 | 2-bed | 1,282 sqft | AED 2.01MAED 2,012,398 · Jun 2012June 2012 | 105,000 /yr |
1602, Mayfair Tower in numbers
- Sold 3 times: first on 31 March 2014 for AED 1,966,915, last on 19 January 2024 for AED 1,400,000 (AED 1,258 per sqft).
- Rented since November 2013 on 8 Ejari contracts, from AED 77,700 to AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2024 price is 8.4%, before a service charge of about AED 18,100 a year (AED 16.23 per sqft).
Source: Dubai Land Department. Updated 1 April 2025.
Questions about 1602, Mayfair Tower
What did unit 1602 last sell for?
AED 1,400,000 on 19 January 2024: AED 1,258 per sqft for 1,113 sqft. The unit has 3 registered sales; the first was AED 1,966,915 in March 2014.
What is the rent for unit 1602?
AED 118,000 a year on the contract renewed on 1 April 2025. The previous contract, from April 2024, was AED 118,000; the unit has been rented since November 2013.
How big is unit 1602?
1,113 sqft (103.4 sqm): a two-bedroom apartment on the 16th floor of a 17-storey tower completed in 2011.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1602, Mayfair Tower
Starts from the last sale price (AED 1.4M, 19 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →