1-bed · 576 sqftMayfair Tower, Business Bay · 8th floor · completed 2011

807, Mayfair Tower

Sold prices and rental history: sold 4 times, last in December 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 807 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 500K9 December 2021
Current rentAED 75K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, Mayfair Tower

What is 807 worth today?

Last sold for AED 500,000 in 2021

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15 Sep 2024RentedRenewal
AED 75,000/yr12 months · AED 130 per sqft
15 Sep 2023RentedNew contract
AED 75,000/yr12 months · AED 130 per sqft
23 Feb 2023RentedNew contract
AED 70,000/yr12 months · AED 122 per sqft
20 Jan 2022RentedNew contract
AED 53,000/yr12 months · AED 92 per sqft
9 Dec 2021SoldReady
AED 500,000AED 868 per sqft
9 May 2019RentedNew contract
AED 48,000/yr12 months · AED 83 per sqft
10 Jan 2018RentedNew contract
AED 69,500/yr12 months · AED 120 per sqft
17 Apr 2016SoldReady
AED 718,000AED 1,246 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
1-bed apartment
Size
576 sqft
Floor
8th of 17
Parking
B2-09
Developer
Deyaar
Completed
2011
Service charge
AED 9,300 /yr
Last sold
AED 500K · December 2021

About 807, Mayfair Tower

807 is a one-bedroom apartment of 576 sqft on the 8th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 9 December 2021 for AED 500,000, or AED 868 per sqft, in line with the AED 867 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 75,000 a year: a gross yield of 15.0% on the 2021 price, before the service charge of about AED 9,300 a year.

Sales and rents for 807 over time

Sales
Unit 807, 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 780,677 (AED 1,355 per sqft)Sold, February 2014: AED 830,678 (AED 1,442 per sqft)Sold, April 2016: AED 718,000 (AED 1,246 per sqft)Sold, December 2021: AED 500,000 (AED 868 per sqft)

807 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 807, each contractTypical one-bed in Mayfair Tower
40K60K80K2012201620202024Typical 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, January 2018: AED 69,500 a yearNew contract, May 2019: AED 48,000 a yearNew contract, January 2022: AED 53,000 a yearNew contract, February 2023: AED 70,000 a yearNew contract, September 2023: AED 75,000 a yearRenewal, September 2024: AED 75,000 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 807 sits

All 202 1-beds →

807 last sold in December 2021 at AED 868 per sqft, in line with what one-beds in Mayfair Tower were fetching at the time (AED 867). 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. 807's AED 75,000 is in the lower half 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 8th floor

All 215 units in Mayfair Tower
Value
8011-bedAED 456K · Sep 2021
8021-bedAED 1.22M · Mar 2014
8031-bedAED 885K · Mar 2016
8041-bedAED 1.22M · Mar 2014
8051-bedAED 820K · Mar 2024
8061-bedAED 540K · May 2022
8081-bedAED 800K · Feb 2025
1–7 of 13

807, Mayfair Tower in numbers

  • Sold 4 times: first on 11 June 2009 for AED 780,677, last on 9 December 2021 for AED 500,000 (AED 868 per sqft).
  • Rented since January 2018 on 6 Ejari contracts. The rent fell from AED 69,500 to AED 48,000 in 2019 and recovered to AED 75,000 by September 2024.
  • At AED 75,000 a year the gross yield on the 2021 price is 15.0%, 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 15 September 2024.

Questions about 807, Mayfair Tower

What did unit 807 last sell for?

AED 500,000 on 9 December 2021: AED 868 per sqft for 576 sqft. The unit has 4 registered sales; the first was AED 780,677 in June 2009.

What is the rent for unit 807?

AED 75,000 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 75,000; the unit has been rented since January 2018.

How big is unit 807?

576 sqft (53.5 sqm): a one-bedroom apartment on the 8th floor of a 17-storey tower completed in 2011.

What is unit 807 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 807, Mayfair Tower

Starts from the last sale price (AED 500K, 9 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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