701, Mayfair Residency
Sold prices and rental history: sold once, by the developer in March 2012, 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 701, Mayfair Residency
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 18 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 614 sqft
- Floor
- 7th of 18
- Parking
- B1-58
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,900 /yr
- Last sold
- AED 242K · March 2012
- Building
- Mayfair Residency
About 701, Mayfair Residency
701 is a one-bedroom apartment of 614 sqft on the 7th floor of Mayfair Residency, a 18-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 14 March 2012 for AED 241,782, or AED 393 per sqft, 70% below the AED 1,295 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 18 June 2024, is AED 62,000 a year: a gross yield of 25.6% on the 2012 price, before the service charge of about AED 9,900 a year.
Sales and rents for 701 over time
701 has sold once; 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 701 sits
All 187 1-beds →701 last sold in March 2012 at AED 393 per sqft, 70% below what one-beds in Mayfair Residency were fetching at the time (AED 1,295). 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. 701's AED 62,000 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 7th floor
All 212 units in Mayfair Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 780 sqft | AED 1.33MAED 1,327,262 · Jun 2014June 2014 | 54,625 /yr | |
| 703 | 1-bed | 619 sqft | AED 635KAED 635,000 · Jan 2020January 2020 | 68,878 /yr | |
| 704 | 1-bed | 596 sqft | AED 830KAED 830,000 · Dec 2017December 2017 | 75,000 /yr | |
| 705 | 1-bed | 605 sqft | AED 550KAED 550,000 · Dec 2019December 2019 | 53,000 /yr | |
| 706 | 1-bed | 859 sqft | AED 1.05MAED 1,050,243 · Jun 2009June 2009 | 103,000 /yr | |
| 707 | 1-bed | 614 sqft | AED 650KAED 650,000 · Feb 2020February 2020 | 75,000 /yr | |
| 708 | 1-bed | 644 sqft | AED 750KAED 750,000 · Feb 2018February 2018 | 74,000 /yr | |
| 709 | 1-bed | 832 sqft | AED 1.12MAED 1,120,806 · May 2014May 2014 | 65,000 /yr | |
| 710 | 1-bed | 623 sqft | AED 700KAED 700,000 · Oct 2022October 2022 | 75,000 /yr | |
| 711 | 1-bed | 596 sqft | AED 575KAED 575,000 · Sep 2022September 2022 | 38,000 /yr | |
| 712 | 1-bed | 633 sqft | AED 1.08MAED 1,080,000 · Mar 2025March 2025 | 80,000 /yr | |
| 713 | 1-bed | 752 sqft | AED 1.12MAED 1,116,623 · Mar 2012March 2012 | 85,000 /yr | |
| 714 | 1-bed | 649 sqft | AED 671KAED 670,755 · Jan 2013January 2013 | 62,760 /yr |
701, Mayfair Residency in numbers
- Sold once: by Deyaar on 14 March 2012 for AED 241,782, or AED 393 per sqft.
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 45,000 in 2022 and recovered to AED 62,000 by June 2024.
- At AED 62,000 a year the gross yield on the 2012 price is 25.6%, 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 18 June 2024.
Questions about 701, Mayfair Residency
What did unit 701 last sell for?
AED 241,782 on 14 March 2012, sold by the developer: AED 393 per sqft for 614 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 62,000 a year on the contract renewed on 18 June 2024. The previous contract, from June 2023, was AED 54,000; the unit has been rented since June 2018.
How big is unit 701?
614 sqft (57.0 sqm): a one-bedroom apartment on the 7th floor of a 18-storey tower completed in 2011.
What is unit 701 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 701, Mayfair Residency
Starts from the last sale price (AED 242K, 14 March 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 241,782
- Deposit, UAE resident (20%)
- AED 48,356
- Deposit, non-resident (40%)
- AED 96,713
- Monthly over 25 years at 3.7%
- AED 989
Plus AED 13,065 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →