1-bed · 574 sqftMayfair Tower, Business Bay · 7th floor · completed 2011

710, Mayfair Tower

Sold prices and rental history: sold twice, last in September 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 710 · DLD and Ejari recordsUpdated 5 July 2020
Last soldAED 1.01M23 September 2014
Current rentAED 40K /yr5 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 710, Mayfair Tower

What is 710 worth today?

Last sold for AED 1,010,000 in 2014

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5 Jul 2020RentedNew contract
AED 40,000/yr12 months · AED 70 per sqft
12 Oct 2019RentedNew contract
AED 45,000/yr12 months · AED 79 per sqft
18 Jan 2019RentedRenewal
AED 66,000/yr5 months · AED 116 per sqft
18 Jan 2018RentedNew contract
AED 55,000/yr12 months · AED 96 per sqft
1 Dec 2016RentedNew contract
AED 65,000/yr12 months · AED 114 per sqft
16 Oct 2014RentedNew contract
AED 65,000/yr12 months · AED 114 per sqft
23 Sep 2014SoldReady
AED 1,010,000AED 1,760 per sqft
14 May 2014Sold by developerReady
AED 835,318AED 1,455 per sqft

Source: Dubai Land Department. Updated 5 July 2020.

Key facts

Type
1-bed apartment
Size
574 sqft
Floor
7th of 17
Parking
B1-56
Developer
Deyaar
Completed
2011
Service charge
AED 9,300 /yr
Last sold
AED 1.01M · September 2014

About 710, Mayfair Tower

710 is a one-bedroom apartment of 574 sqft on the 7th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 23 September 2014 for AED 1,010,000, or AED 1,760 per sqft, 21% above the AED 1,455 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 5 July 2020, is AED 40,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 9,300 a year.

Sales and rents for 710 over time

Sales
Unit 710, 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, May 2014: AED 835,318 (AED 1,455 per sqft)Sold, September 2014: AED 1,010,000 (AED 1,760 per sqft)

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

Rents
Unit 710, 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, February 2012: AED 35,077 a yearNew contract, October 2014: AED 65,000 a yearNew contract, December 2016: AED 65,000 a yearNew contract, January 2018: AED 55,000 a yearRenewal, January 2019: AED 66,000 a yearNew contract, October 2019: AED 45,000 a yearNew contract, July 2020: AED 40,000 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 710 sits

All 202 1-beds →

710 last sold in September 2014 at AED 1,760 per sqft, 21% above what one-beds in Mayfair Tower were fetching at the time (AED 1,455). 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. 710's AED 40,000 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 7th floor

All 215 units in Mayfair Tower
Value
7011-bedAED 1.2M · Jun 2016
7021-bedAED 523K · May 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
1–7 of 13

710, Mayfair Tower in numbers

  • Sold twice: first on 14 May 2014 for AED 835,318, last on 23 September 2014 for AED 1,010,000 (AED 1,760 per sqft).
  • Rented since February 2012 on 7 Ejari contracts, from AED 35,077 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2014 price is 4.0%, 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 5 July 2020.

Questions about 710, Mayfair Tower

What did unit 710 last sell for?

AED 1,010,000 on 23 September 2014: AED 1,760 per sqft for 574 sqft. The unit has 2 registered sales; the first was AED 835,318 in May 2014.

What is the rent for unit 710?

AED 40,000 a year on the contract signed on 5 July 2020. The previous contract, from October 2019, was AED 45,000; the unit has been rented since February 2012.

How big is unit 710?

574 sqft (53.3 sqm): a one-bedroom apartment on the 7th floor of a 17-storey tower completed in 2011.

What is unit 710 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 710, Mayfair Tower

Starts from the last sale price (AED 1.01M, 23 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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