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1-bed · 627 sqftMayfair Tower, Business Bay · 8th floor · completed 2011

814, Mayfair Tower

Sold prices and rental history: sold once, by the developer in May 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 814 · DLD and Ejari recordsUpdated 27 May 2014
Last soldAED 1.08M27 May 2014
Current rentAED 52K /yr15 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 814, Mayfair Tower

What is 814 worth today?

Last sold for AED 1,080,149 in 2014

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27 May 2014Sold by developerReady
AED 1,080,149AED 1,723 per sqft
15 May 2014RentedRenewal
AED 51,660/yr2 months · AED 82 per sqft
15 May 2013RentedNew contract
AED 43,050/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 27 May 2014.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
8th of 17
Parking
B2-16
Developer
Deyaar
Completed
2011
Service charge
AED 10,200 /yr
Last sold
AED 1.08M · May 2014
Building
Mayfair Tower

About 814, Mayfair Tower

814 is a one-bedroom apartment of 627 sqft on the 8th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 27 May 2014 for AED 1,080,149, or AED 1,723 per sqft, 20% above the AED 1,432 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 15 May 2014, is AED 51,660 a year: a gross yield of 4.8% on the 2014 price, before the service charge of about AED 10,200 a year.

Sales and rents for 814 over time

Sales
Unit 814, 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 1,080,149 (AED 1,723 per sqft)

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

Rents
Unit 814, 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, May 2013: AED 43,050 a yearRenewal, May 2014: AED 51,660 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 814 sits

All 202 1-beds →

814 last sold in May 2014 at AED 1,723 per sqft, 20% above what one-beds in Mayfair Tower were fetching at the time (AED 1,432). 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. 814's AED 51,660 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

814, Mayfair Tower in numbers

  • Sold once: by Deyaar on 27 May 2014 for AED 1,080,149, or AED 1,723 per sqft.
  • Rented since May 2013 on 2 Ejari contracts, from AED 43,050 to AED 51,660 a year.
  • At AED 51,660 a year the gross yield on the 2014 price is 4.8%, before a service charge of about AED 10,200 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 27 May 2014.

Questions about 814, Mayfair Tower

What did unit 814 last sell for?

AED 1,080,149 on 27 May 2014, sold by the developer: AED 1,723 per sqft for 627 sqft. It is the only registered sale of the unit.

What is the rent for unit 814?

AED 51,660 a year on the contract renewed on 15 May 2014. The previous contract, from May 2013, was AED 43,050.

How big is unit 814?

627 sqft (58.3 sqm): a one-bedroom apartment on the 8th floor of a 17-storey tower completed in 2011.

What is unit 814 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 814, Mayfair Tower

Starts from the last sale price (AED 1.08M, 27 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,149
Deposit, UAE resident (20%)
AED 216,030
Deposit, non-resident (40%)
AED 432,060
Monthly over 25 years at 3.7%
AED 4,419

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