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1-bed · 614 sqftMayfair Residency, Business Bay · 15th floor · completed 2011

1501, Mayfair Residency

Sold prices and rental history: sold 4 times, last in August 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 29 August 2016
Last soldAED 1.13M29 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Mayfair Residency

What is 1501 worth today?

Last sold for AED 1,125,000 in 2016

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29 Aug 2016SoldReady
AED 1,125,000AED 1,832 per sqft
1 Jul 2015SoldReady
AED 980,000AED 1,596 per sqft
9 May 2013SoldReady
AED 490,000AED 798 per sqft
3 Feb 2013Sold by developerReady
AED 885,526AED 1,442 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 August 2016.

Key facts

Type
1-bed apartment
Size
614 sqft
Floor
15th of 18
Parking
B1-17
Developer
Deyaar
Completed
2011
Service charge
AED 9,900 /yr
Last sold
AED 1.13M · August 2016
Building
Mayfair Residency

About 1501, Mayfair Residency

1501 is a one-bedroom apartment of 614 sqft on the 15th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 29 August 2016 for AED 1,125,000, or AED 1,832 per sqft, 37% above the AED 1,342 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, 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, February 2013: AED 885,526 (AED 1,442 per sqft)Sold, May 2013: AED 490,000 (AED 798 per sqft)Sold, July 2015: AED 980,000 (AED 1,596 per sqft)Sold, August 2016: AED 1,125,000 (AED 1,832 per sqft)

1501 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, 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 75,000

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 1501 sits

All 187 1-beds →

1501 last sold in August 2016 at AED 1,832 per sqft, 37% above what one-beds in Mayfair Residency were fetching at the time (AED 1,342). 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.

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 15th floor

All 212 units in Mayfair Residency
Value
15021-bedAED 915K · Apr 2017
15031-bedAED 865K · Jun 2024
15041-bedAED 500K · Jan 2012
15051-bedAED 750K · Apr 2022
15101-bedAED 850K · Jan 2014
15111-bedAED 800K · May 2016
15121-bedAED 530K · Sep 2012
1–7 of 9

1501, Mayfair Residency in numbers

  • Sold 4 times: first on 3 February 2013 for AED 885,526, last on 29 August 2016 for AED 1,125,000 (AED 1,832 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 29 August 2016.

Questions about 1501, Mayfair Residency

What did unit 1501 last sell for?

AED 1,125,000 on 29 August 2016: AED 1,832 per sqft for 614 sqft. The unit has 4 registered sales; the first was AED 885,526 in February 2013.

How big is unit 1501?

614 sqft (57.0 sqm): a one-bedroom apartment on the 15th floor of a 18-storey tower completed in 2011.

What is unit 1501 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 1501, Mayfair Residency

Starts from the last sale price (AED 1.13M, 29 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

Plus AED 52,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →