2-bed · 1,214 sqftThe Mayfair, Town Square · 1st floor

124, The Mayfair

Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 124 · DLD and Ejari recordsUpdated 10 October 2026
Last soldAED 1.14M28 September 2023
Current rentAED 110K /yr10 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 124, The Mayfair

What is 124 worth today?

Last sold for AED 1,138,888 in 2023

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10 Oct 2026RentedNew contract
AED 110,000/yr12 months · AED 91 per sqft
28 Sep 2023Sold by developerOff-plan
AED 1,138,888AED 937 per sqft

Source: Dubai Land Department. Updated 10 October 2026.

Key facts

Type
2-bed apartment
Size
1,214 sqft
Floor
1st of 6
Parking
1
Developer
Nshama Properties
Last sold
AED 1.14M · September 2023
Building
The Mayfair

About 124, The Mayfair

124 is a two-bedroom apartment of 1,214 sqft on the 1st floor of The Mayfair, a 6-storey tower in Town Square by Nshama Properties. The developer sold it on 28 September 2023 for AED 1,138,888, or AED 937 per sqft, 7% below the AED 1,003 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 October 2026. The current contract, signed on 10 October 2026, is AED 110,000 a year: a gross yield of 9.7% on the 2023 price.

Sales and rents for 124 over time

Sales
Unit 124, each saleTypical two-bed in The Mayfair
1.25M1.5M20232024202520262027Typical sale price by year: 2023 AED 1,118,888; 2024 AED 1,620,388; 2025 AED 1,330,000; 2026 AED 1,550,000Sold by developer, September 2023: AED 1,138,888 (AED 937 per sqft)

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

2-beds in The Mayfair, and where 124 sits

All 106 2-beds →

124 last sold in September 2023 at AED 937 per sqft, 7% below what two-beds in The Mayfair were fetching at the time (AED 1,003). Over the last 12 months two-beds sold for AED 1,120,000 to 2,150,000, around AED 1,312 per sqft, and rent for AED 100,000 to 130,000 a year. 124's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20261,640,000
4 Nov 20261,600,000
3 Nov 20261,500,000
27 Oct 20261,530,000
35 2-bed sales in the last 12 months

The Mayfair

Building

241 apartments, studios to 3-bed over 6 floors in Town Square by Nshama Properties. 67 sold in the last 12 months.

Typical price per sqft
AED 1,322 Up 9.6%
Typical sale
AED 1.41M
Typical rent
AED 74K /yr
Typical yield
7.3%
The Mayfair, Town Square: prices, sales and rents →

Other units on the 1st floor

All 241 units in The Mayfair
Value
1012-bedAED 1.45M · Jul 2024
1022-bedAED 1.09M · Sep 2023
1032-bedAED 1.14M · Dec 2023
1041-bedAED 703K · Sep 2023
105StudioAED 541K · Feb 2024
1071-bedAED 703K · Sep 2023
1081-bedAED 830K · Oct 2025
1–7 of 24

124, The Mayfair in numbers

  • Sold once: by Nshama Properties on 28 September 2023 for AED 1,138,888, or AED 937 per sqft.
  • Rented since October 2026 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 9.7%.
  • Two-beds in The Mayfair sold for AED 1,120,000–2,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,322 per sqft.

Source: Dubai Land Department. Updated 10 October 2026.

Questions about 124, The Mayfair

What did unit 124 last sell for?

AED 1,138,888 on 28 September 2023, sold by the developer: AED 937 per sqft for 1,214 sqft. It is the only registered sale of the unit.

What is the rent for unit 124?

AED 110,000 a year on the contract signed on 10 October 2026.

How big is unit 124?

1,214 sqft (112.8 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower.

What is unit 124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Mayfair sold for AED 1,120,000 to 2,150,000 in the last 12 months, around AED 1,312 per sqft.

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Mortgage on 124, The Mayfair

Starts from the last sale price (AED 1.14M, 28 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,138,888
Deposit, UAE resident (20%)
AED 227,778
Deposit, non-resident (40%)
AED 455,555
Monthly over 25 years at 3.7%
AED 4,660

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