502, 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 502, Mayfair Tower
What is 502 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 805 sqft
- Floor
- 5th of 17
- Parking
- B3-76
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 13,100 /yr
- Last sold
- AED 1.22M · March 2014
- Building
- Mayfair Tower
About 502, Mayfair Tower
502 is a one-bedroom apartment of 805 sqft on the 5th 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 1,220,185, or AED 1,515 per sqft, 6% above the AED 1,427 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 65,463 a year: a gross yield of 5.4% on the 2014 price, before the service charge of about AED 13,100 a year.
Sales and rents for 502 over time
502 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 502 sits
All 202 1-beds →502 last sold in March 2014 at AED 1,515 per sqft, 6% above 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. 502's AED 65,463 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 5th floor
All 215 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 574 sqft | AED 850KAED 850,000 · Aug 2016August 2016 | 60,000 /yr | |
| 503 | 1-bed | 574 sqft | AED 1.1MAED 1,100,000 · Jan 2026January 2026 | 65,000 /yr | |
| 504 | 1-bed | 807 sqft | AED 1.22MAED 1,221,540 · Mar 2014March 2014 | 55,000 /yr | |
| 505 | 1-bed | 569 sqft | AED 970KAED 970,000 · Mar 2017March 2017 | 82,000 /yr | |
| 506 | 1-bed | 288 sqft | AED 325KAED 325,000 · Dec 2012December 2012 | 65,000 /yr | |
| 507 | 1-bed | 576 sqft | AED 846KAED 845,925 · Jul 2013July 2013 | ||
| 508 | 1-bed | 569 sqft | AED 871KAED 871,486 · Dec 2012December 2012 | 80,000 /yr | |
| 509 | 1-bed | 807 sqft | AED 1.02MAED 1,021,527 · Mar 2014March 2014 | 60,000 /yr | |
| 510 | 1-bed | 574 sqft | AED 879KAED 878,776 · Jun 2012June 2012 | 70,000 /yr | |
| 511 | 1-bed | 804 sqft | AED 1.16MAED 1,163,809 · Jun 2009June 2009 | ||
| 512 | 1-bed | 619 sqft | AED 920KAED 920,000 · Apr 2025April 2025 | 60,000 /yr | |
| 513 | 1-bed | 627 sqft | AED 874KAED 874,024 · Mar 2014March 2014 | 63,000 /yr | |
| 514 | 1-bed | 627 sqft | AED 433KAED 432,500 · Aug 2017August 2017 | 68,000 /yr |
502, Mayfair Tower in numbers
- Sold once: by Deyaar on 19 March 2014 for AED 1,220,185, or AED 1,515 per sqft.
- Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 55,440 to AED 45,000 in 2021 and recovered to AED 65,463 by September 2024.
- At AED 65,463 a year the gross yield on the 2014 price is 5.4%, 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 5 September 2024.
Questions about 502, Mayfair Tower
What did unit 502 last sell for?
AED 1,220,185 on 19 March 2014, sold by the developer: AED 1,515 per sqft for 805 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 65,463 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 56,925; the unit has been rented since May 2014.
How big is unit 502?
805 sqft (74.8 sqm): a one-bedroom apartment on the 5th floor of a 17-storey tower completed in 2011.
What is unit 502 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 502, Mayfair Tower
Starts from the last sale price (AED 1.22M, 19 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,220,185
- Deposit, UAE resident (20%)
- AED 244,037
- Deposit, non-resident (40%)
- AED 488,074
- Monthly over 25 years at 3.7%
- AED 4,992
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →