308, Mayfair Residency
Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Mayfair Residency
What is 308 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 3rd of 18
- Parking
- G-04
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,400 /yr
- Last sold
- AED 860K · November 2023
- Building
- Mayfair Residency
About 308, Mayfair Residency
308 is a one-bedroom apartment of 644 sqft on the 3rd floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 7 November 2023 for AED 860,000, or AED 1,336 per sqft, 25% above the AED 1,072 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 11 May 2025, is AED 70,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 10,400 a year.
Sales and rents for 308 over time
308 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 308 sits
All 187 1-beds →308 last sold in November 2023 at AED 1,336 per sqft, 25% above what one-beds in Mayfair Residency were fetching at the time (AED 1,072). 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. 308's AED 70,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 1,028 sqft | 1,004,528 | 977 | ||
| 11 Feb 202611 February 2026 | 633 sqft | 945,000 | 1,492 | ||
| 27 Jan 202627 January 2026 | 623 sqft | 1,000,000 | 1,605 | ||
| 20 Jan 202620 January 2026 | 925 sqft | 930,000 | 1,005 |
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 3rd floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 614 sqft | AED 830KAED 830,000 · Sep 2023September 2023 | 92,000 /yr | |
| 302 | 1-bed | 780 sqft | AED 950KAED 950,000 · Feb 2016February 2016 | 75,000 /yr | |
| 303 | 619 sqft | AED 1.02MAED 1,019,000 · Sep 2025September 2025 | 60,720 /yr | ||
| 304 | 1-bed | 596 sqft | AED 827KAED 826,612 · Jul 2009July 2009 | 65,000 /yr | |
| 305 | 1-bed | 605 sqft | AED 900KAED 900,000 · Apr 2013April 2013 | 64,000 /yr | |
| 306 | 1-bed | 859 sqft | AED 1.09MAED 1,086,226 · Apr 2014April 2014 | 82,000 /yr | |
| 307 | 1-bed | 614 sqft | AED 958KAED 958,350 · Jul 2014July 2014 | 68,000 /yr | |
| 309 | 1-bed | 832 sqft | AED 950KAED 950,000 · Dec 2015December 2015 | ||
| 310 | 1-bed | 623 sqft | AED 695KAED 694,870 · Jan 2013January 2013 | 50,000 /yr | |
| 311 | 1-bed | 596 sqft | AED 1.07MAED 1,069,775 · Jun 2014June 2014 | 65,000 /yr | |
| 312 | 1-bed | 633 sqft | AED 942KAED 942,127 · Apr 2014April 2014 | 71,665 /yr | |
| 313 | 1-bed | 752 sqft | AED 1.05MAED 1,051,700 · Jun 2009June 2009 | 75,000 /yr | |
| 314 | 1-bed | 649 sqft | AED 625KAED 624,870 · Dec 2012December 2012 | 52,000 /yr |
308, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 802,474, last on 7 November 2023 for AED 860,000 (AED 1,336 per sqft).
- Rented since March 2016 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 35,000 in 2021 and recovered to AED 70,000 by May 2025.
- At AED 70,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 10,400 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: YallaValue analysis of Dubai Land Department records. Updated 11 May 2025.
Questions about 308, Mayfair Residency
What did unit 308 last sell for?
AED 860,000 on 7 November 2023: AED 1,336 per sqft for 644 sqft. The unit has 3 registered sales; the first was AED 802,474 in June 2009.
What is the rent for unit 308?
AED 70,000 a year on the contract signed on 11 May 2025. The previous contract, from December 2023, was AED 70,000; the unit has been rented since March 2016.
How big is unit 308?
644 sqft (59.8 sqm): a one-bedroom apartment on the 3rd floor of a 18-storey tower completed in 2011.
What is unit 308 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.
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Mortgage on 308, Mayfair Residency
Starts from the last sale price (AED 860K, 7 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 860,000
- Deposit, UAE resident (20%)
- AED 172,000
- Deposit, non-resident (40%)
- AED 344,000
- Monthly over 25 years at 3.7%
- AED 3,519
Plus AED 41,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →