1-bed · 804 sqftMayfair Tower, Business Bay · 8th floor · completed 2011

811, Mayfair Tower

Sold prices and rental history: sold 4 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 811 · DLD and Ejari recordsUpdated 9 November 2022
Last soldAED 750K9 November 2022
Current rentAED 48K /yr5 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 811, Mayfair Tower

What is 811 worth today?

Last sold for AED 750,000 in 2022

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9 Nov 2022SoldReady
AED 750,000AED 932 per sqft
6 Jul 2022SoldReady
AED 600,000AED 746 per sqft
27 May 2022SoldReady
AED 614,600AED 764 per sqft
5 Nov 2019RentedNew contract
AED 48,000/yr12 months · AED 59 per sqft
25 Mar 2018RentedNew contract
AED 65,000/yr12 months · AED 81 per sqft
27 Nov 2017Sold by developerReady
AED 1,118,031AED 1,390 per sqft
1 Dec 2015RentedNew contract
AED 75,000/yr12 months · AED 93 per sqft
1 Jun 2013RentedNew contract
AED 60,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 9 November 2022.

Key facts

Type
1-bed apartment
Size
804 sqft
Floor
8th of 17
Parking
B2-13
Developer
Deyaar
Completed
2011
Service charge
AED 13,000 /yr
Last sold
AED 750K · November 2022

About 811, Mayfair Tower

811 is a one-bedroom apartment of 804 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 November 2022 for AED 750,000, or AED 932 per sqft, in line with the AED 947 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 5 November 2019, is AED 48,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 13,000 a year.

Sales and rents for 811 over time

Sales
Unit 811, 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, November 2017: AED 1,118,031 (AED 1,390 per sqft)Sold, May 2022: AED 614,600 (AED 764 per sqft)Sold, July 2022: AED 600,000 (AED 746 per sqft)Sold, November 2022: AED 750,000 (AED 932 per sqft)

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

Rents
Unit 811, 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, June 2013: AED 60,000 a yearNew contract, December 2015: AED 75,000 a yearNew contract, March 2018: AED 65,000 a yearNew contract, November 2019: AED 48,000 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 811 sits

All 202 1-beds →

811 last sold in November 2022 at AED 932 per sqft, in line with what one-beds in Mayfair Tower were fetching at the time (AED 947). 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. 811's AED 48,000 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 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
8071-bedAED 500K · Dec 2021
1–7 of 13

811, Mayfair Tower in numbers

  • Sold 4 times: first on 27 November 2017 for AED 1,118,031, last on 9 November 2022 for AED 750,000 (AED 932 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 60,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 13,000 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 9 November 2022.

Questions about 811, Mayfair Tower

What did unit 811 last sell for?

AED 750,000 on 9 November 2022: AED 932 per sqft for 804 sqft. The unit has 4 registered sales; the first was AED 1,118,031 in November 2017.

What is the rent for unit 811?

AED 48,000 a year on the contract signed on 5 November 2019. The previous contract, from March 2018, was AED 65,000; the unit has been rented since June 2013.

How big is unit 811?

804 sqft (74.7 sqm): a one-bedroom apartment on the 8th floor of a 17-storey tower completed in 2011.

What is unit 811 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 811, Mayfair Tower

Starts from the last sale price (AED 750K, 9 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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