1-bed · 614 sqftMayfair Residency, Business Bay · 6th floor · completed 2011

601, Mayfair Residency

Sold prices and rental history: sold twice, last in May 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 850K2 May 2013
Current rentAED 58K /yr20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Mayfair Residency

What is 601 worth today?

Last sold for AED 850,000 in 2013

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20 May 2024RentedRenewal
AED 57,600/yr12 months · AED 94 per sqft
20 May 2023RentedRenewal
AED 48,000/yr12 months · AED 78 per sqft
20 May 2022RentedRenewal
AED 40,000/yr12 months · AED 65 per sqft
1 May 2021RentedNew contract
AED 40,000/yr13 months · AED 65 per sqft
15 Mar 2021RentedNew contract
AED 45,000/yr12 months · AED 73 per sqft
10 Dec 2019RentedNew contract
AED 53,000/yr12 months · AED 86 per sqft
15 Mar 2019RentedNew contract
AED 60,000/yr12 months · AED 98 per sqft
1 Oct 2017RentedNew contract
AED 70,000/yr12 months · AED 114 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2024.

Key facts

Type
1-bed apartment
Size
614 sqft
Floor
6th of 18
Parking
B1-04
Developer
Deyaar
Completed
2011
Service charge
AED 9,900 /yr
Last sold
AED 850K · May 2013

About 601, Mayfair Residency

601 is a one-bedroom apartment of 614 sqft on the 6th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 2 May 2013 for AED 850,000, or AED 1,384 per sqft, 14% above the AED 1,212 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 20 May 2024, is AED 57,600 a year: a gross yield of 6.8% on the 2013 price, before the service charge of about AED 9,900 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, February 2013: AED 597,323 (AED 973 per sqft)Sold, May 2013: AED 850,000 (AED 1,384 per sqft)

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

Rents
Unit 601, 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, June 2013: AED 63,000 a yearNew contract, June 2015: AED 77,000 a yearRenewal, June 2016: AED 77,000 a yearNew contract, December 2016: AED 72,000 a yearNew contract, October 2017: AED 70,000 a yearNew contract, March 2019: AED 60,000 a yearNew contract, December 2019: AED 53,000 a yearNew contract, March 2021: AED 45,000 a yearNew contract, May 2021: AED 40,000 a yearRenewal, May 2022: AED 40,000 a yearRenewal, May 2023: AED 48,000 a yearRenewal, May 2024: AED 57,600 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 601 sits

All 187 1-beds →

601 last sold in May 2013 at AED 1,384 per sqft, 14% above what one-beds in Mayfair Residency were fetching at the time (AED 1,212). 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. 601's AED 57,600 is at the bottom 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 6th floor

All 212 units in Mayfair Residency
Value
6021-bedAED 1.26M · Apr 2014
6031-bedAED 550K · Jan 2021
6041-bedAED 892K · Mar 2014
6051-bedAED 620K · Mar 2013
6061-bedAED 1.1M · Aug 2015
6071-bedAED 970K · Mar 2014
6081-bedAED 921K · May 2014
1–7 of 13

601, Mayfair Residency in numbers

  • Sold twice: first on 25 February 2013 for AED 597,323, last on 2 May 2013 for AED 850,000 (AED 1,384 per sqft).
  • Rented since June 2013 on 12 Ejari contracts. The rent fell from AED 63,000 to AED 40,000 in 2022 and recovered to AED 57,600 by May 2024.
  • At AED 57,600 a year the gross yield on the 2013 price is 6.8%, 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 20 May 2024.

Questions about 601, Mayfair Residency

What did unit 601 last sell for?

AED 850,000 on 2 May 2013: AED 1,384 per sqft for 614 sqft. The unit has 2 registered sales; the first was AED 597,323 in February 2013.

What is the rent for unit 601?

AED 57,600 a year on the contract renewed on 20 May 2024. The previous contract, from May 2023, was AED 48,000; the unit has been rented since June 2013.

How big is unit 601?

614 sqft (57.0 sqm): a one-bedroom apartment on the 6th floor of a 18-storey tower completed in 2011.

What is unit 601 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 601, Mayfair Residency

Starts from the last sale price (AED 850K, 2 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus AED 40,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →