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2-bed · 1,113 sqftMayfair Tower, Business Bay · 17th floor · completed 2011

1702, Mayfair Tower

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 7 October 2022
Last soldAED 1M11 August 2022
Current rentAED 97K /yr7 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1702, Mayfair Tower

What is 1702 worth today?

Last sold for AED 1,000,000 in 2022

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7 Oct 2022RentedRenewal
AED 97,493/yr7 months · AED 88 per sqft
11 Aug 2022SoldReady
AED 1,000,000AED 898 per sqft
5 Oct 2021RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
1 Aug 2020RentedRenewal
AED 80,000/yr12 months · AED 72 per sqft
1 Aug 2019RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
6 Jun 2017RentedRenewal
AED 110,000/yr12 months · AED 99 per sqft
6 Jun 2016RentedRenewal
AED 110,000/yr12 months · AED 99 per sqft
6 Jun 2015RentedNew contract
AED 120,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 7 October 2022.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
17th of 17
Parking
B2-28 , B1-041
Developer
Deyaar
Completed
2011
Service charge
AED 18,100 /yr
Last sold
AED 1M · August 2022
Building
Mayfair Tower

About 1702, Mayfair Tower

1702 is a two-bedroom apartment of 1,113 sqft on the 17th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 11 August 2022 for AED 1,000,000, or AED 898 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 7 October 2022, is AED 97,493 a year: a gross yield of 9.8% on the 2022 price, before the service charge of about AED 18,100 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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 1,228,327 (AED 1,103 per sqft)Sold, August 2022: AED 1,000,000 (AED 898 per sqft)

1702 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, 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, June 2015: AED 120,000 a yearRenewal, June 2016: AED 110,000 a yearRenewal, June 2017: AED 110,000 a yearNew contract, August 2019: AED 90,000 a yearRenewal, August 2020: AED 80,000 a yearNew contract, October 2021: AED 85,000 a yearRenewal, October 2022: AED 97,493 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 1702 sits

All 13 2-beds →

1702's AED 97,493 is at the bottom 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
17012-bedAED 985K · Feb 2013
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

1702, Mayfair Tower in numbers

  • Sold twice: first on 4 February 2013 for AED 1,228,327, last on 11 August 2022 for AED 1,000,000 (AED 898 per sqft).
  • Rented since June 2015 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 80,000 in 2020 and recovered to AED 97,493 by October 2022.
  • At AED 97,493 a year the gross yield on the 2022 price is 9.8%, before a service charge of about AED 18,100 a year (AED 16.23 per sqft).

Source: Dubai Land Department. Updated 7 October 2022.

Questions about 1702, Mayfair Tower

What did unit 1702 last sell for?

AED 1,000,000 on 11 August 2022: AED 898 per sqft for 1,113 sqft. The unit has 2 registered sales; the first was AED 1,228,327 in February 2013.

What is the rent for unit 1702?

AED 97,493 a year on the contract renewed on 7 October 2022. The previous contract, from October 2021, was AED 85,000; the unit has been rented since June 2015.

How big is unit 1702?

1,113 sqft (103.4 sqm): a two-bedroom apartment on the 17th floor of a 17-storey tower completed in 2011.

What is unit 1702 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 1702, Mayfair Tower

Starts from the last sale price (AED 1M, 11 August 2022). 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 →