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1-bed · 780 sqftMayfair Residency, Business Bay · 10th floor · completed 2011

1002, Mayfair Residency

Sold prices and rental history: sold 3 times, last in December 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 22 December 2016
Last soldAED 940K22 December 2016
Current rentAED 66K /yr5 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Mayfair Residency

What is 1002 worth today?

Last sold for AED 940,000 in 2016

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22 Dec 2016SoldReady
AED 940,000AED 1,205 per sqft
5 Sep 2015RentedRenewal
AED 66,240/yr12 months · AED 85 per sqft
5 Sep 2014RentedNew contract
AED 55,200/yr12 months · AED 71 per sqft
2 Oct 2013SoldReady
AED 1,128,523AED 1,447 per sqft
11 Jun 2009Sold by developerOff-plan
AED 1,078,523AED 1,383 per sqft

Source: Dubai Land Department. Updated 22 December 2016.

Key facts

Type
1-bed apartment
Size
780 sqft
Floor
10th of 18
Parking
B1-34
Developer
Deyaar
Completed
2011
Service charge
AED 12,600 /yr
Last sold
AED 940K · December 2016
Building
Mayfair Residency

About 1002, Mayfair Residency

1002 is a one-bedroom apartment of 780 sqft on the 10th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 22 December 2016 for AED 940,000, or AED 1,205 per sqft, in line with the AED 1,218 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 5 September 2015, is AED 66,240 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical one-bed in Mayfair Residency
500K1M2009201420192024Typical sale price by year: 2009 AED 822,326; 2010 AED 865,389; 2011 AED 826,234; 2012 AED 864,738; 2013 AED 851,966; 2014 AED 937,768; 2015 AED 925,000; 2016 AED 850,000; 2017 AED 840,000; 2018 AED 795,293; 2019 AED 575,000; 2020 AED 580,000; 2021 AED 550,250; 2022 AED 695,000; 2023 AED 767,500; 2024 AED 967,500; 2025 AED 1,080,000; 2026 AED 972,500Sold by developer, June 2009: AED 1,078,523 (AED 1,383 per sqft)Sold, October 2013: AED 1,128,523 (AED 1,447 per sqft)Sold, December 2016: AED 940,000 (AED 1,205 per sqft)

1002 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1002, each contractTypical one-bed in Mayfair Residency
40K60K80K2013201720212025Typical rent by year: 2013 AED 50,600; 2014 AED 65,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 63,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 42,500; 2022 AED 50,000; 2023 AED 61,337; 2024 AED 69,046; 2025 AED 72,000; 2026 AED 75,000New contract, September 2014: AED 55,200 a yearRenewal, September 2015: AED 66,240 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 Residency, and where 1002 sits

All 187 1-beds →

1002 last sold in December 2016 at AED 1,205 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,218). Over the last 12 months one-beds sold for AED 930,000 to 1,060,000, around AED 1,359 per sqft, and rent for AED 60,000 to 103,000 a year. 1002's AED 66,240 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20261,004,528
11 Feb 2026945,000
27 Jan 20261,000,000
20 Jan 2026930,000
7 1-bed sales in the last 12 months

Mayfair Residency

Building

212 apartments, 1-bed to 3-bed over 18 floors in Business Bay, completed in 2011 by Deyaar. 7 sold in the last 12 months.

Typical price per sqft
AED 1,359
Typical sale
AED 1M
Typical rent
AED 75K /yr
Typical yield
8.1%
Mayfair Residency, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 212 units in Mayfair Residency
Value
1001AED 1M · Oct 2025
10031-bedAED 1M · Nov 2014
10041-bedAED 931K · Apr 2014
10051-bedAED 909K · Dec 2013
10061-bedAED 785K · Jul 2023
10071-bedAED 881K · May 2014
10081-bedAED 866K · Nov 2013
1–7 of 13

1002, Mayfair Residency in numbers

  • Sold 3 times: first on 11 June 2009 for AED 1,078,523, last on 22 December 2016 for AED 940,000 (AED 1,205 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, from AED 55,200 to AED 66,240 a year.
  • At AED 66,240 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 12,600 a year (AED 16.20 per sqft).
  • One-beds in Mayfair Residency sold for AED 930,000–1,060,000 in the 12 months to November 2026; the building's median across all types is AED 1,359 per sqft.

Source: Dubai Land Department. Updated 22 December 2016.

Questions about 1002, Mayfair Residency

What did unit 1002 last sell for?

AED 940,000 on 22 December 2016: AED 1,205 per sqft for 780 sqft. The unit has 3 registered sales; the first was AED 1,078,523 in June 2009.

What is the rent for unit 1002?

AED 66,240 a year on the contract renewed on 5 September 2015. The previous contract, from September 2014, was AED 55,200.

How big is unit 1002?

780 sqft (72.5 sqm): a one-bedroom apartment on the 10th floor of a 18-storey tower completed in 2011.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mayfair Residency sold for AED 930,000 to 1,060,000 in the last 12 months, around AED 1,359 per sqft.

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Mortgage on 1002, Mayfair Residency

Starts from the last sale price (AED 940K, 22 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

Plus AED 44,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →