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3-bed · 1,238 sqftMayfair Residency, Business Bay · 16th floor · completed 2011

1604, Mayfair Residency

Sold prices and rental history: sold 3 times, last in June 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 3 July 2022
Last soldAED 2M1 June 2014
Current rentAED 75K /yr3 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Mayfair Residency

What is 1604 worth today?

Last sold for AED 2,000,000 in 2014

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3 Jul 2022RentedNew contract
AED 75,000/yr12 months · AED 61 per sqft
21 Nov 2020RentedNew contract
AED 62,000/yr12 months · AED 50 per sqft
7 Aug 2019RentedRenewal
AED 79,000/yr12 months · AED 64 per sqft
7 Jul 2018RentedNew contract
AED 83,000/yr13 months · AED 67 per sqft
1 Jun 2014SoldReady
AED 2,000,000AED 1,615 per sqft
13 Jan 2014SoldReady
AED 1,666,337AED 1,346 per sqft
15 Jun 2009Sold by developerOff-plan
AED 1,616,337AED 1,305 per sqft

Source: Dubai Land Department. Updated 3 July 2022.

Key facts

Type
3-bed apartment
Size
1,238 sqft
Floor
16th of 18
Parking
B2-26
Developer
Deyaar
Completed
2011
Service charge
AED 20,100 /yr
Last sold
AED 2M · June 2014
Building
Mayfair Residency

About 1604, Mayfair Residency

1604 is a three-bedroom apartment of 1,238 sqft on the 16th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 1 June 2014 for AED 2,000,000, or AED 1,615 per sqft, 13% above the AED 1,434 three-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 3 July 2022, is AED 75,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 20,100 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical three-bed in Mayfair Residency
1M1.5M2M2009201120132015Typical sale price by year: 2009 AED 1,839,182; 2010 AED 1,000,000; 2011 AED 1,679,972; 2012 AED 1,234,555; 2013 AED 1,746,595; 2014 AED 1,987,235Sold by developer, June 2009: AED 1,616,337 (AED 1,305 per sqft)Sold, January 2014: AED 1,666,337 (AED 1,346 per sqft)Sold, June 2014: AED 2,000,000 (AED 1,615 per sqft)

1604 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1604, each contractTypical three-bed in Mayfair Residency
100K2013201720212025Typical rent by year: 2013 AED 80,000; 2014 AED 112,500; 2015 AED 115,000; 2016 AED 109,500; 2017 AED 109,725; 2018 AED 96,000; 2019 AED 85,500; 2020 AED 74,000; 2021 AED 72,500; 2022 AED 75,000; 2023 AED 103,000; 2024 AED 100,000; 2025 AED 122,500New contract, July 2018: AED 83,000 a yearRenewal, August 2019: AED 79,000 a yearNew contract, November 2020: AED 62,000 a yearNew contract, July 2022: AED 75,000 a year

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 1604 sits

All 15 3-beds →

1604 last sold in June 2014 at AED 1,615 per sqft, 13% above what three-beds in Mayfair Residency were fetching at the time (AED 1,434).

Recent 3-bed salesUnit no.Price (AED)Summary
22 Jul 20251,700,000
12 Mar 20252,100,000
5 Mar 20241,338,346
5 Sep 20231,500,000
0 3-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 16th floor

All 212 units in Mayfair Residency
Value
16013-bedAED 2.1M · Mar 2025
16023-bedAED 1.02M · Jun 2020
16033-bedAED 2M · May 2014
16053-bedAED 600K · Dec 2015

1604, Mayfair Residency in numbers

  • Sold 3 times: first on 15 June 2009 for AED 1,616,337, last on 1 June 2014 for AED 2,000,000 (AED 1,615 per sqft).
  • Rented since July 2018 on 4 Ejari contracts. The rent fell from AED 83,000 to AED 62,000 in 2020 and recovered to AED 75,000 by July 2022.
  • At AED 75,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 20,100 a year (AED 16.20 per sqft).

Source: Dubai Land Department. Updated 3 July 2022.

Questions about 1604, Mayfair Residency

What did unit 1604 last sell for?

AED 2,000,000 on 1 June 2014: AED 1,615 per sqft for 1,238 sqft. The unit has 3 registered sales; the first was AED 1,616,337 in June 2009.

What is the rent for unit 1604?

AED 75,000 a year on the contract signed on 3 July 2022. The previous contract, from November 2020, was AED 62,000; the unit has been rented since July 2018.

How big is unit 1604?

1,238 sqft (115.0 sqm): a three-bedroom apartment on the 16th floor of a 18-storey tower completed in 2011.

What is unit 1604 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 1604, Mayfair Residency

Starts from the last sale price (AED 2M, 1 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →