408, Mayfair Tower
Sold prices and rental history: sold twice, last in January 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mayfair Tower
What is 408 worth today?
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Source: Dubai Land Department. Updated 7 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 569 sqft
- Floor
- 4th of 17
- Parking
- B3-22
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,200 /yr
- Last sold
- AED 823K · January 2013
- Building
- Mayfair Tower
About 408, Mayfair Tower
408 is a one-bedroom apartment of 569 sqft on the 4th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 15 January 2013 for AED 823,434, or AED 1,446 per sqft, in line with the AED 1,464 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 7 February 2026, is AED 66,000 a year: a gross yield of 8.0% on the 2013 price, before the service charge of about AED 9,200 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the one-bed median of each year in the building.
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 408 sits
All 202 1-beds →408 last sold in January 2013 at AED 1,446 per sqft, in line with what one-beds in Mayfair Tower were fetching at the time (AED 1,464). 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. 408's AED 66,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 807 sqft | 1,000,000 | 1,239 | ||
| 19 Aug 202619 August 2026 | 807 sqft | 1,100,000 | 1,363 | ||
| 20 Jul 202620 July 2026 | 569 sqft | 810,000 | 1,423 | ||
| 6 May 20266 May 2026 | 627 sqft | 875,000 | 1,394 |
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 4th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 574 sqft | AED 836KAED 835,631 · Jun 2009June 2009 | 67,000 /yr | |
| 402 | 1-bed | 805 sqft | AED 1.22MAED 1,220,185 · Mar 2014March 2014 | 60,000 /yr | |
| 404 | 1-bed | 807 sqft | AED 1.22MAED 1,221,540 · Mar 2014March 2014 | 62,000 /yr | |
| 405 | 1-bed | 569 sqft | AED 650KAED 650,000 · Mar 2017March 2017 | 75,000 /yr | |
| 406 | 1-bed | 576 sqft | AED 970KAED 970,000 · May 2025May 2025 | 90,000 /yr | |
| 407 | 1-bed | 576 sqft | AED 828KAED 827,698 · Jan 2014January 2014 | 58,000 /yr | |
| 409 | 1-bed | 807 sqft | AED 1.02MAED 1,021,527 · Mar 2014March 2014 | 54,050 /yr | |
| 410 | 1-bed | 574 sqft | AED 491KAED 491,000 · Nov 2021November 2021 | 80,000 /yr | |
| 411 | 1-bed | 804 sqft | AED 700KAED 700,000 · Jun 2013June 2013 | 60,720 /yr | |
| 412 | 1-bed | 619 sqft | AED 871KAED 870,692 · May 2011May 2011 | 69,300 /yr | |
| 413 | 1-bed | 627 sqft | AED 830KAED 830,323 · Mar 2014March 2014 | 60,000 /yr | |
| 414 | 1-bed | 627 sqft | AED 750KAED 750,000 · Sep 2023September 2023 | 92,000 /yr |
408, Mayfair Tower in numbers
- Sold twice: first on 15 June 2009 for AED 793,434, last on 15 January 2013 for AED 823,434 (AED 1,446 per sqft).
- Rented since April 2016 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 37,000 in 2020 and recovered to AED 66,000 by February 2026.
- At AED 66,000 a year the gross yield on the 2013 price is 8.0%, before a service charge of about AED 9,200 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 7 February 2026.
Questions about 408, Mayfair Tower
What did unit 408 last sell for?
AED 823,434 on 15 January 2013: AED 1,446 per sqft for 569 sqft. The unit has 2 registered sales; the first was AED 793,434 in June 2009.
What is the rent for unit 408?
AED 66,000 a year on the contract signed on 7 February 2026. The previous contract, from April 2024, was AED 65,000; the unit has been rented since April 2016.
How big is unit 408?
569 sqft (52.9 sqm): a one-bedroom apartment on the 4th floor of a 17-storey tower completed in 2011.
What is unit 408 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 408, Mayfair Tower
Starts from the last sale price (AED 823K, 15 January 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 823,434
- Deposit, UAE resident (20%)
- AED 164,687
- Deposit, non-resident (40%)
- AED 329,374
- Monthly over 25 years at 3.7%
- AED 3,369
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →