703, Mayfair Tower
Sold prices and rental history: sold 4 times, last in January 2025, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Mayfair Tower
What is 703 worth today?
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Source: Dubai Land Department. Updated 6 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 574 sqft
- Floor
- 7th of 17
- Parking
- B1-50
- Developer
- Deyaar
- Completed
- 2011
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.05M · January 2025
- Building
- Mayfair Tower
About 703, Mayfair Tower
703 is a one-bedroom apartment of 574 sqft on the 7th floor of Mayfair Tower, a 17-storey tower in Business Bay completed in 2011 by Deyaar. It last sold on 6 January 2025 for AED 1,050,000, or AED 1,829 per sqft, 31% above the AED 1,394 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 July 2024, is AED 65,000 a year: a gross yield of 6.2% on the 2025 price, before the service charge of about AED 9,300 a year.
Sales and rents for 703 over time
703 has sold 4 times; 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 703 sits
All 198 1-beds →703 last sold in January 2025 at AED 1,829 per sqft, 31% above what one-beds in Mayfair Tower were fetching at the time (AED 1,394). 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. 703's AED 65,000 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 7th floor
All 214 units in Mayfair Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 574 sqft | AED 1.2MAED 1,200,000 · Jun 2016June 2016 | 40,000 /yr | |
| 702 | 1-bed | 805 sqft | AED 523KAED 522,500 · May 2016May 2016 | ||
| 704 | 1-bed | 807 sqft | AED 1.23MAED 1,225,372 · Mar 2014March 2014 | 65,000 /yr | |
| 705 | 1-bed | 569 sqft | AED 784KAED 784,323 · Sep 2013September 2013 | 70,000 /yr | |
| 706 | 1-bed | 576 sqft | AED 750KAED 750,000 · Oct 2023October 2023 | 66,000 /yr | |
| 707 | 1-bed | 576 sqft | AED 852KAED 852,024 · Jun 2014June 2014 | 67,000 /yr | |
| 708 | 1-bed | 569 sqft | AED 853KAED 852,589 · Oct 2013October 2013 | 60,000 /yr | |
| 709 | 1-bed | 807 sqft | AED 880KAED 880,000 · Aug 2024August 2024 | 48,000 /yr | |
| 710 | 1-bed | 574 sqft | AED 1.01MAED 1,010,000 · Sep 2014September 2014 | 40,000 /yr | |
| 711 | 1-bed | 804 sqft | AED 965KAED 965,000 · Jan 2025January 2025 | 85,000 /yr | |
| 712 | 619 sqft | AED 940KAED 940,000 · Nov 2025November 2025 | 64,150 /yr | ||
| 713 | 1-bed | 627 sqft | AED 848KAED 848,064 · Mar 2014March 2014 | 52,000 /yr | |
| 714 | 1-bed | 627 sqft | AED 940KAED 940,000 · Nov 2024November 2024 | 73,000 /yr |
703, Mayfair Tower in numbers
- Sold 4 times: first on 11 June 2009 for AED 881,743, last on 6 January 2025 for AED 1,050,000 (AED 1,829 per sqft).
- Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 42,000 in 2021 and recovered to AED 65,000 by July 2024.
- At AED 65,000 a year the gross yield on the 2025 price is 6.2%, 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 6 January 2025.
Questions about 703, Mayfair Tower
What did unit 703 last sell for?
AED 1,050,000 on 6 January 2025: AED 1,829 per sqft for 574 sqft. The unit has 4 registered sales; the first was AED 881,743 in June 2009.
What is the rent for unit 703?
AED 65,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2021, was AED 42,000; the unit has been rented since July 2014.
How big is unit 703?
574 sqft (53.3 sqm): a one-bedroom apartment on the 7th floor of a 17-storey tower completed in 2011.
What is unit 703 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 703, Mayfair Tower
Starts from the last sale price (AED 1.05M, 6 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →