1-bed · 574 sqftMayfair Tower, Business Bay · 2nd floor · completed 2011

201, Mayfair Tower

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

Unit 201 · DLD and Ejari recordsUpdated 10 May 2023
Last soldAED 728K10 May 2023
Current rentAED 65K /yr17 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, Mayfair Tower

What is 201 worth today?

Last sold for AED 727,500 in 2023

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10 May 2023SoldReady
AED 727,500AED 1,267 per sqft
14 Mar 2023SoldReady
AED 600,000AED 1,045 per sqft
17 Nov 2018RentedNew contract
AED 65,000/yr12 months · AED 114 per sqft
19 Mar 2014Sold by developerReady
AED 765,388AED 1,333 per sqft
1 Jan 2013RentedNew contract
AED 38,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 10 May 2023.

Key facts

Type
1-bed apartment
Size
574 sqft
Floor
2nd of 17
Parking
P1-07
Developer
Deyaar
Completed
2011
Service charge
AED 9,300 /yr
Last sold
AED 728K · May 2023

About 201, Mayfair Tower

201 is a one-bedroom apartment of 574 sqft on the 2nd floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 10 May 2023 for AED 727,500, or AED 1,267 per sqft, 34% above the AED 947 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 17 November 2018, is AED 65,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 9,300 a year.

Sales and rents for 201 over time

Sales
Unit 201, each saleTypical one-bed in Mayfair Tower
500K750K1M2009201420192024Typical 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, March 2014: AED 765,388 (AED 1,333 per sqft)Sold, March 2023: AED 600,000 (AED 1,045 per sqft)Sold, May 2023: AED 727,500 (AED 1,267 per sqft)

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

Rents
Unit 201, each contractTypical one-bed in Mayfair Tower
40K60K2012201620202024Typical 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, January 2013: AED 38,000 a yearNew contract, November 2018: AED 65,000 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 201 sits

All 202 1-beds →

201 last sold in May 2023 at AED 1,267 per sqft, 34% above what one-beds in Mayfair Tower were fetching at the time (AED 947). 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. 201's AED 65,000 is in the lower half 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 2nd floor

All 215 units in Mayfair Tower
Value
2021-bedAED 532K · Oct 2011
2031-bedAED 458K · Dec 2012
2041-bedAED 1.35M · Jun 2014
2051-bedAED 760K · Nov 2023
2061-bedAED 857K · Aug 2024
2071-bedAED 798K · Sep 2013
2081-bedAED 850K · Jul 2024
1–7 of 13

201, Mayfair Tower in numbers

  • Sold 3 times: first on 19 March 2014 for AED 765,388, last on 10 May 2023 for AED 727,500 (AED 1,267 per sqft).
  • Rented since January 2013 on 2 Ejari contracts, from AED 38,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 9,300 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 10 May 2023.

Questions about 201, Mayfair Tower

What did unit 201 last sell for?

AED 727,500 on 10 May 2023: AED 1,267 per sqft for 574 sqft. The unit has 3 registered sales; the first was AED 765,388 in March 2014.

What is the rent for unit 201?

AED 65,000 a year on the contract signed on 17 November 2018. The previous contract, from January 2013, was AED 38,000.

How big is unit 201?

574 sqft (53.3 sqm): a one-bedroom apartment on the 2nd floor of a 17-storey tower completed in 2011.

What is unit 201 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 201, Mayfair Tower

Starts from the last sale price (AED 728K, 10 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 727,500
Deposit, UAE resident (20%)
AED 145,500
Deposit, non-resident (40%)
AED 291,000
Monthly over 25 years at 3.7%
AED 2,976

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