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2-bed · 1,120 sqftMayfair Tower, Business Bay · 17th floor · completed 2011

1706, Mayfair Tower

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 31 October 2023
Last soldAED 1.38M31 October 2023
Current rentAED 120K /yr27 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1706, Mayfair Tower

What is 1706 worth today?

Last sold for AED 1,381,000 in 2023

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31 Oct 2023SoldReady
AED 1,381,000AED 1,232 per sqft
27 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 107 per sqft
3 Jan 2023SoldReady
AED 1,005,000AED 897 per sqft
1 Feb 2018RentedRenewal
AED 108,500/yr12 months · AED 97 per sqft
1 Feb 2017RentedRenewal
AED 112,750/yr12 months · AED 101 per sqft
1 Feb 2016RentedNew contract
AED 112,750/yr12 months · AED 101 per sqft
1 Feb 2015RentedNew contract
AED 102,500/yr12 months · AED 92 per sqft
21 Nov 2013RentedNew contract
AED 80,500/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 31 October 2023.

Key facts

Type
2-bed apartment
Size
1,120 sqft
Floor
17th of 17
Parking
B2-32
Developer
Deyaar
Completed
2011
Service charge
AED 18,200 /yr
Last sold
AED 1.38M · October 2023
Building
Mayfair Tower

About 1706, Mayfair Tower

1706 is a two-bedroom apartment of 1,120 sqft on the 17th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 31 October 2023 for AED 1,381,000, or AED 1,232 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 27 February 2023, is AED 120,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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, July 2013: AED 1,439,636 (AED 1,285 per sqft)Sold, January 2023: AED 1,005,000 (AED 897 per sqft)Sold, October 2023: AED 1,381,000 (AED 1,232 per sqft)

1706 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, 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, November 2013: AED 80,500 a yearNew contract, February 2015: AED 102,500 a yearNew contract, February 2016: AED 112,750 a yearRenewal, February 2017: AED 112,750 a yearRenewal, February 2018: AED 108,500 a yearNew contract, February 2023: AED 120,000 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 1706 sits

All 13 2-beds →

1706's AED 120,000 is in the lower 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
17012-bedAED 985K · Feb 2013
17022-bedAED 1M · Aug 2022
17032-bedAED 825K · Aug 2020
17042-bedAED 1.4M · Jun 2025
17052-bedAED 1.2M · Dec 2023
17072-bedAED 2.08M · May 2014

1706, Mayfair Tower in numbers

  • Sold 3 times: first on 16 July 2013 for AED 1,439,636, last on 31 October 2023 for AED 1,381,000 (AED 1,232 per sqft).
  • Rented since November 2013 on 6 Ejari contracts, from AED 80,500 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 8.7%, before a service charge of about AED 18,200 a year (AED 16.23 per sqft).

Source: Dubai Land Department. Updated 31 October 2023.

Questions about 1706, Mayfair Tower

What did unit 1706 last sell for?

AED 1,381,000 on 31 October 2023: AED 1,232 per sqft for 1,120 sqft. The unit has 3 registered sales; the first was AED 1,439,636 in July 2013.

What is the rent for unit 1706?

AED 120,000 a year on the contract signed on 27 February 2023. The previous contract, from February 2018, was AED 108,500; the unit has been rented since November 2013.

How big is unit 1706?

1,120 sqft (104.1 sqm): a two-bedroom apartment on the 17th floor of a 17-storey tower completed in 2011.

What is unit 1706 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 1706, Mayfair Tower

Starts from the last sale price (AED 1.38M, 31 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,381,000
Deposit, UAE resident (20%)
AED 276,200
Deposit, non-resident (40%)
AED 552,400
Monthly over 25 years at 3.7%
AED 5,650

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