1501, Mayfair Tower
Sold prices and rental history: sold twice, last in December 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 1501, Mayfair Tower
What is 1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 20 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 574 sqft
- Floor
- 15th of 17
- Parking
- B2-72
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,300 /yr
- Last sold
- AED 860K · December 2012
- Building
- Mayfair Tower
About 1501, Mayfair Tower
1501 is a one-bedroom apartment of 574 sqft on the 15th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 26 December 2012 for AED 860,478, or AED 1,499 per sqft, in line with the AED 1,464 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 20 June 2023, is AED 60,500 a year: a gross yield of 7.0% on the 2012 price, before the service charge of about AED 9,300 a year.
Sales and rents for 1501 over time
1501 has sold twice; 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 Tower, and where 1501 sits
All 198 1-beds →1501 last sold in December 2012 at AED 1,499 per sqft, in line with what one-beds in Mayfair Tower were fetching at the time (AED 1,464). Over the last 12 months one-beds sold for AED 930,000 to 1,113,296, around AED 1,499 per sqft, and rent for AED 64,150 to 100,000 a year. 1501's AED 60,500 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Feb 20265 February 2026 | 576 sqft | 930,000 | 1,614 | ||
| 8 Jan 20268 January 2026 | 619 sqft | 1,000,000 | 1,614 | ||
| 9 Dec 20259 December 2025 | 807 sqft | 1,036,850 | 1,285 | ||
| 9 Dec 20259 December 2025 | 804 sqft | 1,113,296 | 1,384 |
Mayfair Tower
Building214 apartments, 1-bed to 2-bed over 17 floors in Business Bay, completed in 2011 by Deyaar. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,499
- Typical sale
- AED 1.02M
- Typical rent
- AED 80K /yr
- Typical yield
- 8.4%
Other units on the 15th floor
All 214 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 805 sqft | AED 805KAED 805,000 · Feb 2023February 2023 | 85,000 /yr | |
| 1503 | 1-bed | 287 sqft | AED 207KAED 207,000 · Apr 2012April 2012 | 85,000 /yr | |
| 1504 | 1-bed | 807 sqft | AED 1.04MAED 1,036,850 · Dec 2025December 2025 | 66,000 /yr | |
| 1505 | 1-bed | 569 sqft | AED 625KAED 625,000 · Feb 2023February 2023 | 45,000 /yr | |
| 1508 | 1-bed | 569 sqft | AED 400KAED 400,000 · Jun 2012June 2012 | 66,000 /yr | |
| 1509 | 1-bed | 807 sqft | AED 900KAED 900,000 · Jul 2017July 2017 | 57,750 /yr | |
| 1510 | 1-bed | 574 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 69,000 /yr | |
| 1511 | 1-bed | 804 sqft | AED 1.18MAED 1,177,183 · Feb 2012February 2012 | 73,000 /yr | |
| 1512 | 1-bed | 619 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 58,000 /yr | |
| 1513 | 1-bed | 627 sqft | AED 865KAED 865,000 · Jan 2025January 2025 | 70,000 /yr | |
| 1514 | 1-bed | 627 sqft | AED 850KAED 850,000 · May 2015May 2015 | 72,000 /yr |
1501, Mayfair Tower in numbers
- Sold twice: first on 10 May 2010 for AED 805,478, last on 26 December 2012 for AED 860,478 (AED 1,499 per sqft).
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 47,000 in 2019 and recovered to AED 60,500 by June 2023.
- At AED 60,500 a year the gross yield on the 2012 price is 7.0%, before a service charge of about AED 9,300 a year (AED 16.23 per sqft).
- One-beds in Mayfair Tower sold for AED 930,000–1,113,296 in the 12 months to November 2026; the building's median across all types is AED 1,499 per sqft.
Source: Dubai Land Department. Updated 20 June 2023.
Questions about 1501, Mayfair Tower
What did unit 1501 last sell for?
AED 860,478 on 26 December 2012: AED 1,499 per sqft for 574 sqft. The unit has 2 registered sales; the first was AED 805,478 in May 2010.
What is the rent for unit 1501?
AED 60,500 a year on the contract renewed on 20 June 2023. The previous contract, from June 2022, was AED 55,000; the unit has been rented since June 2018.
How big is unit 1501?
574 sqft (53.3 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mayfair Tower sold for AED 930,000 to 1,113,296 in the last 12 months, around AED 1,499 per sqft.
Selling 1501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1501, Mayfair Tower
Starts from the last sale price (AED 860K, 26 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 860,478
- Deposit, UAE resident (20%)
- AED 172,096
- Deposit, non-resident (40%)
- AED 344,191
- Monthly over 25 years at 3.7%
- AED 3,520
Plus AED 41,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →