506, Mayfair Tower
Sold prices and rental history: sold 3 times, last in December 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mayfair Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 28 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 288 sqft
- Floor
- 5th of 17
- Parking
- G-02,P1-23
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 4,700 /yr
- Last sold
- AED 325K · December 2012
- Building
- Mayfair Tower
About 506, Mayfair Tower
506 is a one-bedroom apartment of 288 sqft on the 5th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 16 December 2012 for AED 325,000, or AED 1,128 per sqft, 23% below the AED 1,463 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 28 February 2025, is AED 65,000 a year: a gross yield of 20.0% on the 2012 price, before the service charge of about AED 4,700 a year.
Sales and rents for 506 over time
506 has sold 3 times; 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 506 sits
All 202 1-beds →506 last sold in December 2012 at AED 1,128 per sqft, 23% below what one-beds in Mayfair Tower were fetching at the time (AED 1,463). 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. 506's AED 65,000 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 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 | |
| 502 | 1-bed | 805 sqft | AED 1.22MAED 1,220,185 · Mar 2014March 2014 | 65,463 /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 | |
| 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 |
506, Mayfair Tower in numbers
- Sold 3 times: first on 11 June 2009 for AED 795,925, last on 16 December 2012 for AED 325,000 (AED 1,128 per sqft).
- Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 68,000 to AED 54,696 in 2021 and recovered to AED 65,000 by February 2025.
- At AED 65,000 a year the gross yield on the 2012 price is 20.0%, before a service charge of about AED 4,700 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 February 2025.
Questions about 506, Mayfair Tower
What did unit 506 last sell for?
AED 325,000 on 16 December 2012: AED 1,128 per sqft for 288 sqft. The unit has 3 registered sales; the first was AED 795,925 in June 2009.
What is the rent for unit 506?
AED 65,000 a year on the contract signed on 28 February 2025. The previous contract, from May 2024, was AED 62,500; the unit has been rented since October 2017.
How big is unit 506?
288 sqft (26.8 sqm): a one-bedroom apartment on the 5th floor of a 17-storey tower completed in 2011.
What is unit 506 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 506, Mayfair Tower
Starts from the last sale price (AED 325K, 16 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 325,000
- Deposit, UAE resident (20%)
- AED 65,000
- Deposit, non-resident (40%)
- AED 130,000
- Monthly over 25 years at 3.7%
- AED 1,330
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →