1-bed · 752 sqftMayfair Residency, Business Bay · 12th floor · completed 2011

1213, Mayfair Residency

Sold prices and rental history: sold twice, last in May 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1213 · DLD and Ejari recordsUpdated 15 August 2020
Last soldAED 1.24M12 May 2014
Current rentAED 44K /yr15 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1213, Mayfair Residency

What is 1213 worth today?

Last sold for AED 1,236,917 in 2014

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15 Aug 2020RentedNew contract
AED 44,000/yr12 months · AED 58 per sqft
3 May 2020RentedRenewal
AED 55,200/yr6 months · AED 73 per sqft
3 May 2019RentedNew contract
AED 58,000/yr12 months · AED 77 per sqft
20 Dec 2018RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
1 Jun 2015RentedNew contract
AED 77,000/yr12 months · AED 102 per sqft
12 May 2014SoldReady
AED 1,236,917AED 1,645 per sqft
11 Jun 2009Sold by developerOff-plan
AED 1,036,917AED 1,379 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2020.

Key facts

Type
1-bed apartment
Size
752 sqft
Floor
12th of 18
Parking
B1-46&47&48&49
Developer
Deyaar
Completed
2011
Service charge
AED 12,200 /yr
Last sold
AED 1.24M · May 2014

About 1213, Mayfair Residency

1213 is a one-bedroom apartment of 752 sqft on the 12th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 12 May 2014 for AED 1,236,917, or AED 1,645 per sqft, 17% above the AED 1,411 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 15 August 2020, is AED 44,000 a year: a gross yield of 3.6% on the 2014 price, before the service charge of about AED 12,200 a year.

Sales and rents for 1213 over time

Sales
Unit 1213, 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 1,036,917 (AED 1,379 per sqft)Sold, May 2014: AED 1,236,917 (AED 1,645 per sqft)

1213 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1213, 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, June 2015: AED 77,000 a yearNew contract, December 2018: AED 65,000 a yearNew contract, May 2019: AED 58,000 a yearRenewal, May 2020: AED 55,200 a yearNew contract, August 2020: AED 44,000 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 Residency, and where 1213 sits

All 187 1-beds →

1213 last sold in May 2014 at AED 1,645 per sqft, 17% above what one-beds in Mayfair Residency were fetching at the time (AED 1,411). 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. 1213's AED 44,000 is at the bottom 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 12th floor

All 212 units in Mayfair Residency
Value
12011-bedAED 489K · Jan 2013
12021-bedAED 1.14M · Jan 2013
12031-bedAED 730K · Dec 2022
12041-bedAED 850K · Jan 2017
12051-bedAED 909K · Mar 2014
12061-bedAED 930K · Oct 2016
12071-bedAED 750K · Nov 2018
1–7 of 13

1213, Mayfair Residency in numbers

  • Sold twice: first on 11 June 2009 for AED 1,036,917, last on 12 May 2014 for AED 1,236,917 (AED 1,645 per sqft).
  • Rented since June 2015 on 5 Ejari contracts, from AED 77,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2014 price is 3.6%, before a service charge of about AED 12,200 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: YallaValue analysis of Dubai Land Department records. Updated 15 August 2020.

Questions about 1213, Mayfair Residency

What did unit 1213 last sell for?

AED 1,236,917 on 12 May 2014: AED 1,645 per sqft for 752 sqft. The unit has 2 registered sales; the first was AED 1,036,917 in June 2009.

What is the rent for unit 1213?

AED 44,000 a year on the contract signed on 15 August 2020. The previous contract, from May 2020, was AED 55,200; the unit has been rented since June 2015.

How big is unit 1213?

752 sqft (69.9 sqm): a one-bedroom apartment on the 12th floor of a 18-storey tower completed in 2011.

What is unit 1213 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 1213, Mayfair Residency

Starts from the last sale price (AED 1.24M, 12 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,236,917
Deposit, UAE resident (20%)
AED 247,383
Deposit, non-resident (40%)
AED 494,767
Monthly over 25 years at 3.7%
AED 5,061

Plus AED 56,961 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →