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3-bed · 1,244 sqftMayfair Residency, Business Bay · 17th floor · completed 2011

1701, Mayfair Residency

Sold prices and rental history: sold 3 times, last in July 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 10 April 2023
Last soldAED 1.38M3 July 2014
Current rentAED 130K /yr10 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Mayfair Residency

What is 1701 worth today?

Last sold for AED 1,375,000 in 2014

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10 Apr 2023RentedNew contract
AED 130,000/yr12 months · AED 105 per sqft
15 Jan 2022RentedNew contract
AED 100,000/yr12 months · AED 80 per sqft
15 Jan 2018RentedNew contract
AED 105,000/yr12 months · AED 84 per sqft
3 Jul 2014SoldReady
AED 1,375,000AED 1,105 per sqft
22 Jul 2013RentedNew contract
AED 80,000/yr6 months · AED 64 per sqft
13 May 2013SoldReady
AED 1,798,018AED 1,445 per sqft
11 Jun 2009Sold by developerOff-plan
AED 1,723,018AED 1,385 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 April 2023.

Key facts

Type
3-bed apartment
Size
1,244 sqft
Floor
17th of 18
Parking
B2-36
Developer
Deyaar
Completed
2011
Service charge
AED 20,100 /yr
Last sold
AED 1.38M · July 2014
Building
Mayfair Residency

About 1701, Mayfair Residency

1701 is a three-bedroom apartment of 1,244 sqft on the 17th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 3 July 2014 for AED 1,375,000, or AED 1,105 per sqft, 23% below the AED 1,434 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 10 April 2023, is AED 130,000 a year: a gross yield of 9.4% on the 2014 price, before the service charge of about AED 20,100 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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 1,723,018 (AED 1,385 per sqft)Sold, May 2013: AED 1,798,018 (AED 1,445 per sqft)Sold, July 2014: AED 1,375,000 (AED 1,105 per sqft)

1701 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1701, 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 2013: AED 80,000 a yearNew contract, January 2018: AED 105,000 a yearNew contract, January 2022: AED 100,000 a yearNew contract, April 2023: AED 130,000 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 1701 sits

All 15 3-beds →

1701 last sold in July 2014 at AED 1,105 per sqft, 23% below 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 17th floor

All 212 units in Mayfair Residency
Value
17023-bedAED 2.1M · Jan 2014
17033-bedAED 1.7M · Jul 2025
17043-bedAED 1.7M · Feb 2013
17053-bedAED 1.34M · Mar 2024

1701, Mayfair Residency in numbers

  • Sold 3 times: first on 11 June 2009 for AED 1,723,018, last on 3 July 2014 for AED 1,375,000 (AED 1,105 per sqft).
  • Rented since July 2013 on 4 Ejari contracts, from AED 80,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 9.4%, before a service charge of about AED 20,100 a year (AED 16.20 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 10 April 2023.

Questions about 1701, Mayfair Residency

What did unit 1701 last sell for?

AED 1,375,000 on 3 July 2014: AED 1,105 per sqft for 1,244 sqft. The unit has 3 registered sales; the first was AED 1,723,018 in June 2009.

What is the rent for unit 1701?

AED 130,000 a year on the contract signed on 10 April 2023. The previous contract, from January 2022, was AED 100,000; the unit has been rented since July 2013.

How big is unit 1701?

1,244 sqft (115.6 sqm): a three-bedroom apartment on the 17th floor of a 18-storey tower completed in 2011.

What is unit 1701 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 1701, Mayfair Residency

Starts from the last sale price (AED 1.38M, 3 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

Plus AED 62,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →