409, Mayfair Tower
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Mayfair Tower
What is 409 worth today?
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Source: Dubai Land Department. Updated 28 April 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 807 sqft
- Floor
- 4th of 17
- Parking
- B1-22
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 13,100 /yr
- Last sold
- AED 1.02M · March 2014
- Building
- Mayfair Tower
About 409, Mayfair Tower
409 is a one-bedroom apartment of 807 sqft on the 4th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 19 March 2014 for AED 1,021,527, or AED 1,266 per sqft, 11% below the AED 1,427 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 28 April 2023, is AED 54,050 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 13,100 a year.
Sales and rents for 409 over time
409 has sold once; 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 409 sits
All 202 1-beds →409 last sold in March 2014 at AED 1,266 per sqft, 11% below what one-beds in Mayfair Tower were fetching at the time (AED 1,427). 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. 409's AED 54,050 is at the bottom 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 | |
| 408 | 1-bed | 569 sqft | AED 823KAED 823,434 · Jan 2013January 2013 | 66,000 /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 |
409, Mayfair Tower in numbers
- Sold once: by Deyaar on 19 March 2014 for AED 1,021,527, or AED 1,266 per sqft.
- Rented since February 2014 on 6 Ejari contracts. The rent fell from AED 48,300 to AED 43,000 in 2021 and recovered to AED 54,050 by April 2023.
- At AED 54,050 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 13,100 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 28 April 2023.
Questions about 409, Mayfair Tower
What did unit 409 last sell for?
AED 1,021,527 on 19 March 2014, sold by the developer: AED 1,266 per sqft for 807 sqft. It is the only registered sale of the unit.
What is the rent for unit 409?
AED 54,050 a year on the contract renewed on 28 April 2023. The previous contract, from April 2023, was AED 1,081,000; the unit has been rented since February 2014.
How big is unit 409?
807 sqft (75.0 sqm): a one-bedroom apartment on the 4th floor of a 17-storey tower completed in 2011.
What is unit 409 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 409, Mayfair Tower
Starts from the last sale price (AED 1.02M, 19 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,021,527
- Deposit, UAE resident (20%)
- AED 204,305
- Deposit, non-resident (40%)
- AED 408,611
- Monthly over 25 years at 3.7%
- AED 4,179
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →