1-bed · 649 sqftMayfair Residency, Business Bay · 6th floor · completed 2011

614, Mayfair Residency

Sold prices and rental history: sold twice, last in June 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 915K25 June 2014
Current rentAED 107K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 614, Mayfair Residency

What is 614 worth today?

Last sold for AED 914,603 in 2014

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1 Aug 2024RentedRenewal
AED 106,667/yr7 months · AED 165 per sqft
1 Aug 2021RentedNew contract
AED 44,000/yr12 months · AED 68 per sqft
3 Mar 2020RentedRenewal
AED 50,000/yr12 months · AED 77 per sqft
3 Mar 2019RentedNew contract
AED 55,000/yr12 months · AED 85 per sqft
3 Sep 2017RentedNew contract
AED 70,000/yr6 months · AED 108 per sqft
16 Sep 2016RentedNew contract
AED 67,438/yr12 months · AED 104 per sqft
1 Aug 2015RentedNew contract
AED 72,000/yr12 months · AED 111 per sqft
16 Jul 2014RentedNew contract
AED 70,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
649 sqft
Floor
6th of 18
Parking
B1-14
Developer
Deyaar
Completed
2011
Service charge
AED 10,500 /yr
Last sold
AED 915K · June 2014

About 614, Mayfair Residency

614 is a one-bedroom apartment of 649 sqft on the 6th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 25 June 2014 for AED 914,603, or AED 1,409 per sqft, in line with the AED 1,417 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 106,667 a year: a gross yield of 11.7% on the 2014 price, before the service charge of about AED 10,500 a year.

Sales and rents for 614 over time

Sales
Unit 614, 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, June 2009: AED 864,602 (AED 1,332 per sqft)Sold, June 2014: AED 914,603 (AED 1,409 per sqft)

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

Rents
Unit 614, each contractTypical one-bed in Mayfair Residency
50K100K2013201720212025Typical 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, July 2014: AED 70,000 a yearNew contract, August 2015: AED 72,000 a yearNew contract, September 2016: AED 67,438 a yearNew contract, September 2017: AED 70,000 a yearNew contract, March 2019: AED 55,000 a yearRenewal, March 2020: AED 50,000 a yearNew contract, August 2021: AED 44,000 a yearRenewal, August 2024: AED 106,667 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 614 sits

All 187 1-beds →

614 last sold in June 2014 at AED 1,409 per sqft, in line with what one-beds in Mayfair Residency were fetching at the time (AED 1,417). 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. 614's AED 106,667 is at the top 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
6011-bedAED 850K · May 2013
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
1–7 of 13

614, Mayfair Residency in numbers

  • Sold twice: first on 11 June 2009 for AED 864,602, last on 25 June 2014 for AED 914,603 (AED 1,409 per sqft).
  • Rented since July 2014 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 44,000 in 2021 and recovered to AED 106,667 by August 2024.
  • At AED 106,667 a year the gross yield on the 2014 price is 11.7%, before a service charge of about AED 10,500 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 August 2024.

Questions about 614, Mayfair Residency

What did unit 614 last sell for?

AED 914,603 on 25 June 2014: AED 1,409 per sqft for 649 sqft. The unit has 2 registered sales; the first was AED 864,602 in June 2009.

What is the rent for unit 614?

AED 106,667 a year on the contract renewed on 1 August 2024. The previous contract, from August 2021, was AED 44,000; the unit has been rented since July 2014.

How big is unit 614?

649 sqft (60.3 sqm): a one-bedroom apartment on the 6th floor of a 18-storey tower completed in 2011.

What is unit 614 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 614, Mayfair Residency

Starts from the last sale price (AED 915K, 25 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 914,603
Deposit, UAE resident (20%)
AED 182,921
Deposit, non-resident (40%)
AED 365,841
Monthly over 25 years at 3.7%
AED 3,742

Plus AED 43,423 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →