2-bed · 1,119 sqftMayfair Tower, Business Bay · 17th floor · completed 2011

1701, Mayfair Tower

Sold prices and rental history: sold once, by the developer in February 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 3 May 2026
Last soldAED 985K11 February 2013
Current rentAED 125K /yr3 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Mayfair Tower

What is 1701 worth today?

Last sold for AED 985,042 in 2013

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3 May 2026RentedNew contract
AED 125,000/yr12 months · AED 112 per sqft
10 May 2025RentedNew contract
AED 115,000/yr12 months · AED 103 per sqft
10 May 2025RentedNew contract
AED 115,000/yr12 months · AED 103 per sqft
1 Feb 2024RentedRenewal
AED 110,000/yr12 months · AED 98 per sqft
1 Feb 2023RentedNew contract
AED 102,000/yr12 months · AED 91 per sqft
10 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 80 per sqft
1 Jul 2018RentedNew contract
AED 90,000/yr12 months · AED 80 per sqft
11 Feb 2013Sold by developerReady
AED 985,042AED 880 per sqft

Source: Dubai Land Department. Updated 3 May 2026.

Key facts

Type
2-bed apartment
Size
1,119 sqft
Floor
17th of 17
Parking
P2-04
Developer
Deyaar
Completed
2011
Service charge
AED 18,200 /yr
Last sold
AED 985K · February 2013

About 1701, Mayfair Tower

1701 is a two-bedroom apartment of 1,119 sqft on the 17th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 11 February 2013 for AED 985,042, or AED 880 per sqft, 11% below the AED 992 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 3 May 2026, is AED 125,000 a year: a gross yield of 12.7% on the 2013 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in Mayfair Tower
1M1.5M2M2009201320172021Typical sale price by year: 2009 AED 1,736,100; 2012 AED 1,744,320; 2013 AED 1,228,327; 2014 AED 1,966,915; 2023 AED 1,200,000Sold by developer, February 2013: AED 985,042 (AED 880 per sqft)

1701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Mayfair Tower
100K2013201720212025Typical rent by year: 2013 AED 77,175; 2014 AED 80,483; 2015 AED 102,500; 2016 AED 105,000; 2017 AED 105,000; 2018 AED 92,500; 2019 AED 90,000; 2020 AED 77,500; 2021 AED 63,000; 2022 AED 97,493; 2023 AED 97,750; 2024 AED 110,000; 2025 AED 118,000; 2026 AED 122,500New contract, July 2018: AED 90,000 a yearNew contract, April 2019: AED 90,000 a yearNew contract, February 2023: AED 102,000 a yearRenewal, February 2024: AED 110,000 a yearNew contract, May 2025: AED 115,000 a yearNew contract, May 2025: AED 115,000 a yearNew contract, May 2026: AED 125,000 a year

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 1701 sits

All 13 2-beds →

1701 last sold in February 2013 at AED 880 per sqft, 11% below what two-beds in Mayfair Tower were fetching at the time (AED 992). 1701's AED 125,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jun 20251,400,000
9 Jun 20251,820,000
19 Jan 20241,400,000
18 Dec 20231,200,000
0 2-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 17th floor

All 215 units in Mayfair Tower
Value
17022-bedAED 1M · Aug 2022
17032-bedAED 825K · Aug 2020
17042-bedAED 1.4M · Jun 2025
17052-bedAED 1.2M · Dec 2023
17062-bedAED 1.38M · Oct 2023
17072-bedAED 2.08M · May 2014

1701, Mayfair Tower in numbers

  • Sold once: by Deyaar on 11 February 2013 for AED 985,042, or AED 880 per sqft.
  • Rented since July 2018 on 7 Ejari contracts, from AED 90,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2013 price is 12.7%, before a service charge of about AED 18,200 a year (AED 16.23 per sqft).

Source: Dubai Land Department. Updated 3 May 2026.

Questions about 1701, Mayfair Tower

What did unit 1701 last sell for?

AED 985,042 on 11 February 2013, sold by the developer: AED 880 per sqft for 1,119 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 125,000 a year on the contract signed on 3 May 2026. The previous contract, from May 2025, was AED 115,000; the unit has been rented since July 2018.

How big is unit 1701?

1,119 sqft (104.0 sqm): a two-bedroom apartment on the 17th floor of a 17-storey tower completed in 2011.

What is unit 1701 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 1701, Mayfair Tower

Starts from the last sale price (AED 985K, 11 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 985,042
Deposit, UAE resident (20%)
AED 197,008
Deposit, non-resident (40%)
AED 394,017
Monthly over 25 years at 3.7%
AED 4,030

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