407, Mayfair Residency
Sold prices and rental history: sold 3 times, last in December 2011, 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 407, Mayfair Residency
What is 407 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 23 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 4th of 18
- Parking
- P1-23 , P1-26
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 435K · December 2011
- Building
- Mayfair Residency
About 407, Mayfair Residency
407 is a one-bedroom apartment of 614 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 26 December 2011 for AED 435,000, or AED 708 per sqft, 43% below the AED 1,253 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 23 October 2021, is AED 35,000 a year: a gross yield of 8.1% on the 2011 price, before the service charge of about AED 9,900 a year.
Sales and rents for 407 over time
407 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 407 sits
All 187 1-beds →407 last sold in December 2011 at AED 708 per sqft, 43% below what one-beds in Mayfair Residency were fetching at the time (AED 1,253). 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. 407's AED 35,000 is at the bottom 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 4th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 614 sqft | AED 980KAED 980,000 · Dec 2024December 2024 | 42,000 /yr | |
| 402 | 1-bed | 780 sqft | AED 1.25MAED 1,250,000 · Jan 2015January 2015 | 85,000 /yr | |
| 403 | 1-bed | 619 sqft | AED 805KAED 804,696 · Nov 2013November 2013 | 46,000 /yr | |
| 404 | 1-bed | 596 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | 77,000 /yr | |
| 405 | 1-bed | 605 sqft | AED 442KAED 442,156 · Apr 2012April 2012 | 36,000 /yr | |
| 406 | 1-bed | 859 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 39,000 /yr | |
| 408 | 1-bed | 644 sqft | AED 540KAED 540,000 · Jun 2022June 2022 | 72,000 /yr | |
| 409 | 1-bed | 832 sqft | AED 968KAED 967,500 · Nov 2024November 2024 | 70,132 /yr | |
| 410 | 1-bed | 623 sqft | AED 890KAED 890,000 · Sep 2024September 2024 | 69,600 /yr | |
| 411 | 1-bed | 596 sqft | AED 1.08MAED 1,080,581 · Aug 2014August 2014 | 66,240 /yr | |
| 412 | 633 sqft | AED 782KAED 781,963 · Oct 2025October 2025 | 68,000 /yr | ||
| 413 | 1-bed | 752 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | ||
| 414 | 1-bed | 649 sqft | AED 903KAED 903,052 · Feb 2013February 2013 | 60,000 /yr |
407, Mayfair Residency in numbers
- Sold 3 times: first on 11 June 2009 for AED 752,761, last on 26 December 2011 for AED 435,000 (AED 708 per sqft).
- Rented since August 2016 on 4 Ejari contracts, from AED 60,923 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2011 price is 8.1%, before a service charge of about AED 9,900 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 23 October 2021.
Questions about 407, Mayfair Residency
What did unit 407 last sell for?
AED 435,000 on 26 December 2011: AED 708 per sqft for 614 sqft. The unit has 3 registered sales; the first was AED 752,761 in June 2009.
What is the rent for unit 407?
AED 35,000 a year on the contract renewed on 23 October 2021. The previous contract, from October 2020, was AED 35,000; the unit has been rented since August 2016.
How big is unit 407?
614 sqft (57.0 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.
What is unit 407 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 407? 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.
Mortgage on 407, Mayfair Residency
Starts from the last sale price (AED 435K, 26 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus AED 21,180 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →