1-bed · 596 sqftMayfair Residency, Business Bay · 4th floor · completed 2011

411, Mayfair Residency

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 411 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.08M6 August 2014
Current rentAED 66K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 411, Mayfair Residency

What is 411 worth today?

Last sold for AED 1,080,581 in 2014

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1 Nov 2024RentedNew contract
AED 66,240/yr12 months · AED 111 per sqft
1 Oct 2022RentedRenewal
AED 48,000/yr12 months · AED 81 per sqft
1 Oct 2021RentedNew contract
AED 40,000/yr12 months · AED 67 per sqft
15 Oct 2019RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft
15 May 2018RentedNew contract
AED 62,000/yr12 months · AED 104 per sqft
15 May 2017RentedNew contract
AED 60,000/yr12 months · AED 101 per sqft
13 Dec 2016RentedNew contract
AED 74,799/yr12 months · AED 126 per sqft
1 Jan 2016RentedNew contract
AED 75,000/yr12 months · AED 127 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
4th of 18
Parking
B2-04
Developer
Deyaar
Completed
2011
Service charge
AED 9,700 /yr
Last sold
AED 1.08M · August 2014

About 411, Mayfair Residency

411 is a one-bedroom apartment of 596 sqft on the 4th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 6 August 2014 for AED 1,080,581, or AED 1,813 per sqft, 27% above the AED 1,428 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 1 November 2024, is AED 66,240 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 9,700 a year.

Sales and rents for 411 over time

Sales
Unit 411, 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, August 2014: AED 1,080,581 (AED 1,813 per sqft)

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

Rents
Unit 411, 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 75,000New contract, January 2016: AED 75,000 a yearNew contract, December 2016: AED 74,799 a yearNew contract, May 2017: AED 60,000 a yearNew contract, May 2018: AED 62,000 a yearNew contract, October 2019: AED 45,000 a yearNew contract, October 2021: AED 40,000 a yearRenewal, October 2022: AED 48,000 a yearNew contract, November 2024: AED 66,240 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 411 sits

All 187 1-beds →

411 last sold in August 2014 at AED 1,813 per sqft, 27% above what one-beds in Mayfair Residency were fetching at the time (AED 1,428). 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. 411's AED 66,240 is in the lower half 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 4th floor

All 212 units in Mayfair Residency
Value
4011-bedAED 980K · Dec 2024
4021-bedAED 1.25M · Jan 2015
4031-bedAED 805K · Nov 2013
4041-bedAED 650K · Dec 2023
4051-bedAED 442K · Apr 2012
4061-bedAED 700K · Oct 2022
4071-bedAED 435K · Dec 2011
1–7 of 13

411, Mayfair Residency in numbers

  • Sold once: by Deyaar on 6 August 2014 for AED 1,080,581, or AED 1,813 per sqft.
  • Rented since January 2016 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2021 and recovered to AED 66,240 by November 2024.
  • At AED 66,240 a year the gross yield on the 2014 price is 6.1%, 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 1 November 2024.

Questions about 411, Mayfair Residency

What did unit 411 last sell for?

AED 1,080,581 on 6 August 2014, sold by the developer: AED 1,813 per sqft for 596 sqft. It is the only registered sale of the unit.

What is the rent for unit 411?

AED 66,240 a year on the contract signed on 1 November 2024. The previous contract, from October 2022, was AED 48,000; the unit has been rented since January 2016.

How big is unit 411?

596 sqft (55.4 sqm): a one-bedroom apartment on the 4th floor of a 18-storey tower completed in 2011.

What is unit 411 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 411, Mayfair Residency

Starts from the last sale price (AED 1.08M, 6 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,080,581
Deposit, UAE resident (20%)
AED 216,116
Deposit, non-resident (40%)
AED 432,232
Monthly over 25 years at 3.7%
AED 4,421

Plus AED 50,394 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →