1402, Mayfair Residency
Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Mayfair Residency
What is 1402 worth today?
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Source: Dubai Land Department. Updated 19 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 780 sqft
- Floor
- 14th of 18
- Parking
- P2-28
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 12,600 /yr
- Last sold
- AED 710K · May 2023
- Building
- Mayfair Residency
About 1402, Mayfair Residency
1402 is a one-bedroom apartment of 780 sqft on the 14th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 19 May 2023 for AED 710,000, or AED 910 per sqft, 4% below the AED 947 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 March 2021, is AED 46,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1402 over time
1402 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 1402 sits
All 187 1-beds →1402 last sold in May 2023 at AED 910 per sqft, 4% below what one-beds in Mayfair Residency were fetching at the time (AED 947). 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. 1402's AED 46,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 1,028 sqft | 1,004,528 | 977 | ||
| 11 Feb 202611 February 2026 | 633 sqft | 945,000 | 1,492 | ||
| 27 Jan 202627 January 2026 | 623 sqft | 1,000,000 | 1,605 | ||
| 20 Jan 202620 January 2026 | 925 sqft | 930,000 | 1,005 |
Mayfair Residency
Building212 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%
Other units on the 14th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 614 sqft | AED 882KAED 882,465 · Jun 2009June 2009 | 75,000 /yr | |
| 1403 | 1-bed | 619 sqft | AED 530KAED 530,000 · Jul 2020July 2020 | 80,000 /yr | |
| 1404 | 1-bed | 596 sqft | AED 887KAED 886,860 · Apr 2014April 2014 | 75,000 /yr | |
| 1405 | 1-bed | 621 sqft | AED 550KAED 550,000 · Nov 2019November 2019 | 95,000 /yr | |
| 1410 | 1-bed | 625 sqft | AED 650KAED 650,000 · Feb 2022February 2022 | 65,000 /yr | |
| 1411 | 1-bed | 596 sqft | AED 887KAED 886,860 · Apr 2014April 2014 | 70,000 /yr | |
| 1412 | 1-bed | 633 sqft | AED 890KAED 890,000 · May 2024May 2024 | 80,000 /yr | |
| 1413 | 1-bed | 752 sqft | AED 900KAED 900,000 · Oct 2023October 2023 | 70,000 /yr | |
| 1414 | 1-bed | 649 sqft | AED 580KAED 580,000 · Aug 2020August 2020 | 75,000 /yr |
1402, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 1,094,930, last on 19 May 2023 for AED 710,000 (AED 910 per sqft).
- Rented since May 2018 on 4 Ejari contracts, from AED 65,000 to AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2023 price is 6.5%, 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 19 May 2023.
Questions about 1402, Mayfair Residency
What did unit 1402 last sell for?
AED 710,000 on 19 May 2023: AED 910 per sqft for 780 sqft. The unit has 3 registered sales; the first was AED 1,094,930 in June 2009.
What is the rent for unit 1402?
AED 46,000 a year on the contract signed on 1 March 2021. The previous contract, from May 2020, was AED 50,000; the unit has been rented since May 2018.
How big is unit 1402?
780 sqft (72.5 sqm): a one-bedroom apartment on the 14th floor of a 18-storey tower completed in 2011.
What is unit 1402 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 1402, Mayfair Residency
Starts from the last sale price (AED 710K, 19 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus AED 34,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →