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1-bed · 596 sqftMayfair Residency, Business Bay · 13th floor · completed 2011

1304, Mayfair Residency

Sold prices and rental history: sold 3 times, last in November 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 9 November 2017
Last soldAED 395K9 November 2017
Current rentAED 66K /yr1 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, Mayfair Residency

What is 1304 worth today?

Last sold for AED 395,000 in 2017

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9 Nov 2017SoldReady
AED 395,000AED 662 per sqft
1 Jan 2016RentedRenewal
AED 66,240/yr12 months · AED 111 per sqft
1 Jan 2015RentedRenewal
AED 55,200/yr12 months · AED 93 per sqft
1 Jan 2014RentedNew contract
AED 46,000/yr12 months · AED 77 per sqft
18 Oct 2011SoldReady
AED 906,717AED 1,521 per sqft
10 May 2010Sold by developerOff-plan
AED 851,717AED 1,429 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 November 2017.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
13th of 18
Parking
B2-66
Developer
Deyaar
Completed
2011
Service charge
AED 9,700 /yr
Last sold
AED 395K · November 2017
Building
Mayfair Residency

About 1304, Mayfair Residency

1304 is a one-bedroom apartment of 596 sqft on the 13th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 9 November 2017 for AED 395,000, or AED 662 per sqft, 46% below the AED 1,231 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 1 January 2016, is AED 66,240 a year: a gross yield of 16.8% on the 2017 price, before the service charge of about AED 9,700 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, 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, May 2010: AED 851,717 (AED 1,429 per sqft)Sold, October 2011: AED 906,717 (AED 1,521 per sqft)Sold, November 2017: AED 395,000 (AED 662 per sqft)

1304 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1304, 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, January 2014: AED 46,000 a yearRenewal, January 2015: AED 55,200 a yearRenewal, January 2016: 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 1304 sits

All 187 1-beds →

1304 last sold in November 2017 at AED 662 per sqft, 46% below what one-beds in Mayfair Residency were fetching at the time (AED 1,231). 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. 1304'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 13th floor

All 212 units in Mayfair Residency
Value
13011-bedAED 840K · Oct 2023
13021-bedAED 900K · Apr 2018
13031-bedAED 830K · Feb 2024
13051-bedAED 700K · Mar 2016
13101-bedAED 850K · May 2016
13111-bedAED 830K · Nov 2017
13121-bedAED 910K · Jul 2011
1–7 of 9

1304, Mayfair Residency in numbers

  • Sold 3 times: first on 10 May 2010 for AED 851,717, last on 9 November 2017 for AED 395,000 (AED 662 per sqft).
  • Rented since January 2014 on 3 Ejari contracts, from AED 46,000 to AED 66,240 a year.
  • At AED 66,240 a year the gross yield on the 2017 price is 16.8%, before a service charge of about AED 9,700 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 9 November 2017.

Questions about 1304, Mayfair Residency

What did unit 1304 last sell for?

AED 395,000 on 9 November 2017: AED 662 per sqft for 596 sqft. The unit has 3 registered sales; the first was AED 851,717 in May 2010.

What is the rent for unit 1304?

AED 66,240 a year on the contract renewed on 1 January 2016. The previous contract, from January 2015, was AED 55,200; the unit has been rented since January 2014.

How big is unit 1304?

596 sqft (55.4 sqm): a one-bedroom apartment on the 13th floor of a 18-storey tower completed in 2011.

What is unit 1304 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 1304, Mayfair Residency

Starts from the last sale price (AED 395K, 9 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

Plus AED 19,500 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →