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1-bed · 805 sqftMayfair Tower, Business Bay · 7th floor · completed 2011

702, Mayfair Tower

Sold prices and rental history: sold twice, last in May 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 15 May 2016
Last soldAED 523K15 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Mayfair Tower

What is 702 worth today?

Last sold for AED 522,500 in 2016

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15 May 2016SoldReady
AED 522,500AED 648 per sqft
26 Jan 2014Sold by developerReady
AED 1,322,523AED 1,642 per sqft

Source: Dubai Land Department. Updated 15 May 2016.

Key facts

Type
1-bed apartment
Size
805 sqft
Floor
7th of 17
Parking
B2-34
Developer
Deyaar
Completed
2011
Service charge
AED 13,100 /yr
Last sold
AED 523K · May 2016
Building
Mayfair Tower

About 702, Mayfair Tower

702 is a one-bedroom apartment of 805 sqft on the 7th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 15 May 2016 for AED 522,500, or AED 648 per sqft, 48% below the AED 1,255 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical one-bed in Mayfair Tower
500K1M2009201420192024Typical 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, January 2014: AED 1,322,523 (AED 1,642 per sqft)Sold, May 2016: AED 522,500 (AED 648 per sqft)

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

Rents
Unit 702, 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 68,775

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 702 sits

All 202 1-beds →

702 last sold in May 2016 at AED 648 per sqft, 48% below what one-beds in Mayfair Tower were fetching at the time (AED 1,255). 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.

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 7th floor

All 215 units in Mayfair Tower
Value
7011-bedAED 1.2M · Jun 2016
7031-bedAED 1.05M · Jan 2025
7041-bedAED 1.23M · Mar 2014
7051-bedAED 784K · Sep 2013
7061-bedAED 750K · Oct 2023
7071-bedAED 852K · Jun 2014
7081-bedAED 853K · Oct 2013
1–7 of 13

702, Mayfair Tower in numbers

  • Sold twice: first on 26 January 2014 for AED 1,322,523, last on 15 May 2016 for AED 522,500 (AED 648 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 15 May 2016.

Questions about 702, Mayfair Tower

What did unit 702 last sell for?

AED 522,500 on 15 May 2016: AED 648 per sqft for 805 sqft. The unit has 2 registered sales; the first was AED 1,322,523 in January 2014.

How big is unit 702?

805 sqft (74.8 sqm): a one-bedroom apartment on the 7th floor of a 17-storey tower completed in 2011.

What is unit 702 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 702, Mayfair Tower

Starts from the last sale price (AED 523K, 15 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 522,500
Deposit, UAE resident (20%)
AED 104,500
Deposit, non-resident (40%)
AED 209,000
Monthly over 25 years at 3.7%
AED 2,138

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