408, Mayfair Residency
Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mayfair Residency
What is 408 worth today?
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Source: Dubai Land Department. Updated 13 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 4th of 18
- Parking
- B2-78
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,400 /yr
- Last sold
- AED 540K · June 2022
- Building
- Mayfair Residency
About 408, Mayfair Residency
408 is a one-bedroom apartment of 644 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 27 June 2022 for AED 540,000, or AED 839 per sqft, 6% below the AED 888 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 13 May 2024, is AED 72,000 a year: a gross yield of 13.3% on the 2022 price, before the service charge of about AED 10,400 a year.
Sales and rents for 408 over time
408 has sold twice; 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 408 sits
All 187 1-beds →408 last sold in June 2022 at AED 839 per sqft, 6% below what one-beds in Mayfair Residency were fetching at the time (AED 888). 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. 408's AED 72,000 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 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 | |
| 407 | 1-bed | 614 sqft | AED 435KAED 435,000 · Dec 2011December 2011 | 35,000 /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 |
408, Mayfair Residency in numbers
- Sold twice: first on 5 September 2018 for AED 790,586, last on 27 June 2022 for AED 540,000 (AED 839 per sqft).
- Rented since April 2014 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 49,866 in 2021 and recovered to AED 72,000 by May 2024.
- At AED 72,000 a year the gross yield on the 2022 price is 13.3%, 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: Dubai Land Department. Updated 13 May 2024.
Questions about 408, Mayfair Residency
What did unit 408 last sell for?
AED 540,000 on 27 June 2022: AED 839 per sqft for 644 sqft. The unit has 2 registered sales; the first was AED 790,586 in September 2018.
What is the rent for unit 408?
AED 72,000 a year on the contract signed on 13 May 2024. The previous contract, from February 2023, was AED 67,000; the unit has been rented since April 2014.
How big is unit 408?
644 sqft (59.8 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.
What is unit 408 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 408, Mayfair Residency
Starts from the last sale price (AED 540K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus AED 27,690 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →