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1-bed · 574 sqftMayfair Tower, Business Bay · 6th floor · completed 2011

601, Mayfair Tower

Sold prices and rental history: sold twice, last in October 2013, and rented once, from December 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 13 December 2020
Last soldAED 887K3 October 2013
Current rentAED 45K /yr13 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Mayfair Tower

What is 601 worth today?

Last sold for AED 886,599 in 2013

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13 Dec 2020RentedNew contract
AED 45,000/yr12 months · AED 79 per sqft
3 Oct 2013SoldReady
AED 886,599AED 1,545 per sqft
11 Jun 2009Sold by developerOff-plan
AED 811,599AED 1,414 per sqft

Source: Dubai Land Department. Updated 13 December 2020.

Key facts

Type
1-bed apartment
Size
574 sqft
Floor
6th of 17
Parking
B2-51
Developer
Deyaar
Completed
2011
Service charge
AED 9,300 /yr
Last sold
AED 887K · October 2013
Building
Mayfair Tower

About 601, Mayfair Tower

601 is a one-bedroom apartment of 574 sqft on the 6th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 3 October 2013 for AED 886,599, or AED 1,545 per sqft, 8% above the AED 1,437 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 December 2020. The current contract, signed on 13 December 2020, is AED 45,000 a year: a gross yield of 5.1% on the 2013 price, before the service charge of about AED 9,300 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, June 2009: AED 811,599 (AED 1,414 per sqft)Sold, October 2013: AED 886,599 (AED 1,545 per sqft)

601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 601, 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, December 2020: AED 45,000 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 601 sits

All 202 1-beds →

601 last sold in October 2013 at AED 1,545 per sqft, 8% above what one-beds in Mayfair Tower were fetching at the time (AED 1,437). 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. 601's AED 45,000 is at the bottom 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 6th floor

All 215 units in Mayfair Tower
Value
6021-bedAED 900K · Sep 2023
6031-bedAED 904K · May 2013
6041-bedAED 800K · Jun 2023
6051-bedAED 875K · Jun 2024
6061-bedAED 900K · Jun 2025
6071-bedAED 648K · Apr 2013
6081-bedAED 640K · Apr 2013
1–7 of 13

601, Mayfair Tower in numbers

  • Sold twice: first on 11 June 2009 for AED 811,599, last on 3 October 2013 for AED 886,599 (AED 1,545 per sqft).
  • Rented since December 2020 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2013 price is 5.1%, 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 13 December 2020.

Questions about 601, Mayfair Tower

What did unit 601 last sell for?

AED 886,599 on 3 October 2013: AED 1,545 per sqft for 574 sqft. The unit has 2 registered sales; the first was AED 811,599 in June 2009.

What is the rent for unit 601?

AED 45,000 a year on the contract signed on 13 December 2020.

How big is unit 601?

574 sqft (53.3 sqm): a one-bedroom apartment on the 6th floor of a 17-storey tower completed in 2011.

What is unit 601 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 601, Mayfair Tower

Starts from the last sale price (AED 887K, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 886,599
Deposit, UAE resident (20%)
AED 177,320
Deposit, non-resident (40%)
AED 354,640
Monthly over 25 years at 3.7%
AED 3,627

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