1602, Mayfair Residency
Sold prices and rental history: sold 4 times, last in June 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Mayfair Residency
What is 1602 worth today?
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Source: Dubai Land Department. Updated 28 June 2020.
Key facts
- Type
- 3-bed apartment
- Size
- 1,427 sqft
- Floor
- 16th of 18
- Parking
- B2-25
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 23,100 /yr
- Last sold
- AED 1.02M · June 2020
- Building
- Mayfair Residency
About 1602, Mayfair Residency
1602 is a three-bedroom apartment of 1,427 sqft on the 16th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 28 June 2020 for AED 1,020,000, or AED 714 per sqft.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 July 2019, is AED 65,000 a year: a gross yield of 6.4% on the 2020 price, before the service charge of about AED 23,100 a year.
Sales and rents for 1602 over time
1602 has sold 4 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Mayfair Residency, and where 1602 sits
All 15 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jul 202522 July 2025 | 1,238 sqft | 1,700,000 | 1,373 | ||
| 12 Mar 202512 March 2025 | 1,244 sqft | 2,100,000 | 1,688 | ||
| 5 Mar 20245 March 2024 | 1,377 sqft | 1,338,346 | 972 | ||
| 5 Sep 20235 September 2023 | 1,244 sqft | 1,500,000 | 1,206 |
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 16th floor
All 212 units in Mayfair Residency1602, Mayfair Residency in numbers
- Sold 4 times: first on 11 June 2009 for AED 1,990,371, last on 28 June 2020 for AED 1,020,000 (AED 714 per sqft).
- Rented since April 2014 on 5 Ejari contracts, from AED 130,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2020 price is 6.4%, before a service charge of about AED 23,100 a year (AED 16.20 per sqft).
Source: Dubai Land Department. Updated 28 June 2020.
Questions about 1602, Mayfair Residency
What did unit 1602 last sell for?
AED 1,020,000 on 28 June 2020: AED 714 per sqft for 1,427 sqft. The unit has 4 registered sales; the first was AED 1,990,371 in June 2009.
What is the rent for unit 1602?
AED 65,000 a year on the contract signed on 1 July 2019. The previous contract, from September 2017, was AED 108,000; the unit has been rented since April 2014.
How big is unit 1602?
1,427 sqft (132.6 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2011.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1602, Mayfair Residency
Starts from the last sale price (AED 1.02M, 28 June 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,000
- Deposit, UAE resident (20%)
- AED 204,000
- Deposit, non-resident (40%)
- AED 408,000
- Monthly over 25 years at 3.7%
- AED 4,173
Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →