1-bed · 596 sqftMayfair Residency, Business Bay · 2nd floor · completed 2011

204, Mayfair Residency

Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 26 July 2024
Last soldAED 864K21 January 2014
Current rentAED 60K /yr26 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Mayfair Residency

What is 204 worth today?

Last sold for AED 864,229 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

26 Jul 2024RentedRenewal
AED 59,679/yr12 months · AED 100 per sqft
26 Jul 2023RentedRenewal
AED 51,750/yr12 months · AED 87 per sqft
26 Jul 2022RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft
7 Oct 2021RentedNew contract
AED 42,000/yr12 months · AED 70 per sqft
28 Jul 2020RentedRenewal
AED 45,000/yr12 months · AED 76 per sqft
21 Jan 2014Sold by developerReady
AED 864,229AED 1,450 per sqft

Source: Dubai Land Department. Updated 26 July 2024.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
2nd of 18
Parking
P3-04
Developer
Deyaar
Completed
2011
Service charge
AED 9,700 /yr
Last sold
AED 864K · January 2014

About 204, Mayfair Residency

204 is a one-bedroom apartment of 596 sqft on the 2nd floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 21 January 2014 for AED 864,229, or AED 1,450 per sqft, 8% above the AED 1,345 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 26 July 2024, is AED 59,679 a year: a gross yield of 6.9% on the 2014 price, before the service charge of about AED 9,700 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical one-bed in Mayfair Residency
500K750K1M2009201420192024Typical 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, January 2014: AED 864,229 (AED 1,450 per sqft)

204 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 204, 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 75,000Renewal, July 2020: AED 45,000 a yearNew contract, October 2021: AED 42,000 a yearNew contract, July 2022: AED 45,000 a yearRenewal, July 2023: AED 51,750 a yearRenewal, July 2024: AED 59,679 a year

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 204 sits

All 187 1-beds →

204 last sold in January 2014 at AED 1,450 per sqft, 8% above what one-beds in Mayfair Residency were fetching at the time (AED 1,345). 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. 204's AED 59,679 is at the bottom of that range.

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 2nd floor

All 212 units in Mayfair Residency
Value
2011-bedAED 581K · Apr 2013
2021-bedAED 1.26M · Mar 2014
2031-bedAED 600K · Aug 2016
2051-bedAED 800K · Apr 2018
2061-bedAED 1M · Mar 2024
2071-bedAED 1.04M · Feb 2016
2081-bedAED 924K · Oct 2017
1–7 of 13

204, Mayfair Residency in numbers

  • Sold once: by Deyaar on 21 January 2014 for AED 864,229, or AED 1,450 per sqft.
  • Rented since July 2020 on 5 Ejari contracts, from AED 45,000 to AED 59,679 a year.
  • At AED 59,679 a year the gross yield on the 2014 price is 6.9%, before a service charge of about AED 9,700 a year (AED 16.20 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: Dubai Land Department. Updated 26 July 2024.

Questions about 204, Mayfair Residency

What did unit 204 last sell for?

AED 864,229 on 21 January 2014, sold by the developer: AED 1,450 per sqft for 596 sqft. It is the only registered sale of the unit.

What is the rent for unit 204?

AED 59,679 a year on the contract renewed on 26 July 2024. The previous contract, from July 2023, was AED 51,750; the unit has been rented since July 2020.

How big is unit 204?

596 sqft (55.4 sqm): a one-bedroom apartment on the 2nd floor of a 18-storey tower completed in 2011.

What is unit 204 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.

Selling 204? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 204, Mayfair Residency

Starts from the last sale price (AED 864K, 21 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 864,229
Deposit, UAE resident (20%)
AED 172,846
Deposit, non-resident (40%)
AED 345,692
Monthly over 25 years at 3.7%
AED 3,536

Plus AED 41,307 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →