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3-bed · 688 sqftMayfair Residency, Business Bay · 18th floor · completed 2011

1805, Mayfair Residency

Sold prices and rental history: sold twice, last in April 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1805 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 413K8 April 2012
Current rentAED 55K /yr29 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1805, Mayfair Residency

What is 1805 worth today?

Last sold for AED 413,488 in 2012

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29 Jul 2024RentedRenewal
AED 55,125/yr24 months · AED 40 per sqft
29 Jul 2023RentedNew contract
AED 105,000/yr12 months · AED 76 per sqft
18 Apr 2021RentedNew contract
AED 82,000/yr14 months · AED 60 per sqft
1 Apr 2019RentedNew contract
AED 91,000/yr12 months · AED 66 per sqft
26 Jan 2016RentedNew contract
AED 109,000/yr12 months · AED 79 per sqft
8 Apr 2012SoldReady
AED 413,488AED 600 per sqft
7 Mar 2012Sold by developerReady
AED 2,041,010AED 1,482 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 July 2024.

Key facts

Type
3-bed apartment
Size
688 sqft
Floor
18th of 18
Parking
P2-07
Developer
Deyaar
Completed
2011
Service charge
AED 11,200 /yr
Last sold
AED 413K · April 2012
Building
Mayfair Residency

About 1805, Mayfair Residency

1805 is a three-bedroom apartment of 688 sqft on the 18th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 8 April 2012 for AED 413,488, or AED 600 per sqft, 56% below the AED 1,357 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 29 July 2024, is AED 55,125 a year: a gross yield of 13.3% on the 2012 price, before the service charge of about AED 11,200 a year.

Sales and rents for 1805 over time

Sales
Unit 1805, each saleTypical three-bed in Mayfair Residency
1M2M2009201120132015Typical 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, March 2012: AED 2,041,010 (AED 1,482 per sqft)Sold, April 2012: AED 413,488 (AED 600 per sqft)

1805 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1805, each contractTypical three-bed in Mayfair Residency
50K100K2013201720212025Typical 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, January 2016: AED 109,000 a yearNew contract, April 2019: AED 91,000 a yearNew contract, April 2021: AED 82,000 a yearNew contract, July 2023: AED 105,000 a yearRenewal, July 2024: AED 55,125 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 1805 sits

All 15 3-beds →

1805 last sold in April 2012 at AED 600 per sqft, 56% below what three-beds in Mayfair Residency were fetching at the time (AED 1,357).

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 18th floor

All 212 units in Mayfair Residency
Value
18013-bedAED 1.5M · Sep 2023
18023-bedAED 428K · Apr 2012
18033-bedAED 495K · Dec 2020
18043-bedAED 1.2M · Jul 2022

1805, Mayfair Residency in numbers

  • Sold twice: first on 7 March 2012 for AED 2,041,010, last on 8 April 2012 for AED 413,488 (AED 600 per sqft).
  • Rented since January 2016 on 5 Ejari contracts, from AED 109,000 to AED 55,125 a year.
  • At AED 55,125 a year the gross yield on the 2012 price is 13.3%, before a service charge of about AED 11,200 a year (AED 16.20 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 29 July 2024.

Questions about 1805, Mayfair Residency

What did unit 1805 last sell for?

AED 413,488 on 8 April 2012: AED 600 per sqft for 688 sqft. The unit has 2 registered sales; the first was AED 2,041,010 in March 2012.

What is the rent for unit 1805?

AED 55,125 a year on the contract renewed on 29 July 2024. The previous contract, from July 2023, was AED 105,000; the unit has been rented since January 2016.

How big is unit 1805?

688 sqft (63.9 sqm): a three-bedroom apartment on the 18th floor of a 18-storey tower completed in 2011.

What is unit 1805 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 1805, Mayfair Residency

Starts from the last sale price (AED 413K, 8 April 2012). Switch to today's estimate once you have unlocked it.
Price
AED 413,488
Deposit, UAE resident (20%)
AED 82,698
Deposit, non-resident (40%)
AED 165,395
Monthly over 25 years at 3.7%
AED 1,692

Plus AED 20,277 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →