508, Mayfair Residency
Sold prices and rental history: sold 4 times, last in January 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Mayfair Residency
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 644 sqft
- Floor
- 5th of 18
- Parking
- P2-08
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 10,400 /yr
- Last sold
- AED 660K · January 2023
- Building
- Mayfair Residency
About 508, Mayfair Residency
508 is a one-bedroom apartment of 644 sqft on the 5th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 6 January 2023 for AED 660,000, or AED 1,025 per sqft, 6% above the AED 963 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 10 April 2025, is AED 71,801 a year: a gross yield of 10.9% on the 2023 price, before the service charge of about AED 10,400 a year.
Sales and rents for 508 over time
508 has sold 4 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 508 sits
All 187 1-beds →508 last sold in January 2023 at AED 1,025 per sqft, 6% above what one-beds in Mayfair Residency were fetching at the time (AED 963). 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. 508's AED 71,801 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 5th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 614 sqft | AED 650KAED 650,000 · Dec 2019December 2019 | 56,000 /yr | |
| 502 | 1-bed | 780 sqft | AED 820KAED 820,000 · Apr 2022April 2022 | 85,000 /yr | |
| 503 | 1-bed | 619 sqft | AED 910KAED 910,000 · Mar 2017March 2017 | ||
| 504 | 1-bed | 298 sqft | AED 400KAED 400,000 · Apr 2016April 2016 | 65,000 /yr | |
| 506 | 1-bed | 859 sqft | No registered sale | 80,000 /yr | |
| 507 | 614 sqft | AED 1.03MAED 1,030,000 · Nov 2025November 2025 | 50,000 /yr | ||
| 509 | 1-bed | 832 sqft | AED 760KAED 760,000 · Jun 2023June 2023 | 75,000 /yr | |
| 510 | 1-bed | 623 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 75,000 /yr | |
| 511 | 1-bed | 596 sqft | AED 470KAED 470,000 · Sep 2011September 2011 | 70,000 /yr | |
| 512 | 1-bed | 633 sqft | AED 942KAED 942,127 · Apr 2014April 2014 | 64,803 /yr | |
| 513 | 1-bed | 752 sqft | AED 871KAED 871,000 · Nov 2024November 2024 | 78,718 /yr | |
| 514 | 1-bed | 649 sqft | AED 720KAED 720,000 · Jan 2023January 2023 | 85,000 /yr |
508, Mayfair Residency in numbers
- Sold 4 times: first on 11 June 2009 for AED 808,999, last on 6 January 2023 for AED 660,000 (AED 1,025 per sqft).
- Rented since February 2018 on 6 Ejari contracts. The rent fell from AED 61,500 to AED 38,000 in 2021 and recovered to AED 71,801 by April 2025.
- At AED 71,801 a year the gross yield on the 2023 price is 10.9%, 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 10 April 2025.
Questions about 508, Mayfair Residency
What did unit 508 last sell for?
AED 660,000 on 6 January 2023: AED 1,025 per sqft for 644 sqft. The unit has 4 registered sales; the first was AED 808,999 in June 2009.
What is the rent for unit 508?
AED 71,801 a year on the contract signed on 10 April 2025. The previous contract, from November 2021, was AED 38,000; the unit has been rented since February 2018.
How big is unit 508?
644 sqft (59.8 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2011.
What is unit 508 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 508, Mayfair Residency
Starts from the last sale price (AED 660K, 6 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus AED 32,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →