1511, Mayfair Tower
Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1511, Mayfair Tower
What is 1511 worth today?
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Source: Dubai Land Department. Updated 7 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 804 sqft
- Floor
- 15th of 17
- Parking
- B2-55
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 13,000 /yr
- Last sold
- AED 1.18M · February 2012
- Building
- Mayfair Tower
About 1511, Mayfair Tower
1511 is a one-bedroom apartment of 804 sqft on the 15th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 2 February 2012 for AED 1,177,183, or AED 1,464 per sqft, 9% above the AED 1,341 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 7 April 2025, is AED 73,000 a year: a gross yield of 6.2% on the 2012 price, before the service charge of about AED 13,000 a year.
Sales and rents for 1511 over time
1511 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 1511 sits
All 198 1-beds →1511 last sold in February 2012 at AED 1,464 per sqft, 9% above what one-beds in Mayfair Tower were fetching at the time (AED 1,341). 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. 1511's AED 73,000 is in the lower half 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 | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 574 sqft | AED 860KAED 860,478 · Dec 2012December 2012 | 60,500 /yr | |
| 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 | |
| 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 |
1511, Mayfair Tower in numbers
- Sold twice: first on 15 June 2010 for AED 1,122,183, last on 2 February 2012 for AED 1,177,183 (AED 1,464 per sqft).
- Rented since July 2015 on 5 Ejari contracts. The rent fell from AED 62,000 to AED 48,000 in 2019 and recovered to AED 73,000 by April 2025.
- At AED 73,000 a year the gross yield on the 2012 price is 6.2%, before a service charge of about AED 13,000 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 7 April 2025.
Questions about 1511, Mayfair Tower
What did unit 1511 last sell for?
AED 1,177,183 on 2 February 2012: AED 1,464 per sqft for 804 sqft. The unit has 2 registered sales; the first was AED 1,122,183 in June 2010.
What is the rent for unit 1511?
AED 73,000 a year on the contract signed on 7 April 2025. The previous contract, from November 2023, was AED 57,500; the unit has been rented since July 2015.
How big is unit 1511?
804 sqft (74.7 sqm): a one-bedroom apartment on the 15th floor of a 17-storey tower completed in 2011.
What is unit 1511 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.
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Mortgage on 1511, Mayfair Tower
Starts from the last sale price (AED 1.18M, 2 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,177,183
- Deposit, UAE resident (20%)
- AED 235,437
- Deposit, non-resident (40%)
- AED 470,873
- Monthly over 25 years at 3.7%
- AED 4,816
Plus AED 54,451 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →