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Studio · 333 sqftThe Mayfair, Town Square · 5th floor

505, The Mayfair

Sold prices and rental history: sold once, by the developer in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 22 September 2023
Last soldAED 509K22 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, The Mayfair

What is 505 worth today?

Last sold for AED 508,888 in 2023

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22 Sep 2023Sold by developerOff-plan
AED 508,888AED 1,527 per sqft

Source: Dubai Land Department. Updated 22 September 2023.

Key facts

Type
Studio apartment
Size
333 sqft
Floor
5th of 6
Parking
1
Developer
Nshama Properties
Last sold
AED 509K · September 2023
Building
The Mayfair

About 505, The Mayfair

505 is a studio of 333 sqft on the 5th floor of The Mayfair, a 6-storey tower in Town Square by Nshama Properties. The developer sold it on 22 September 2023 for AED 508,888, or AED 1,527 per sqft, in line with the AED 1,527 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical studio in The Mayfair
520K202320242025Typical sale price by year: 2023 AED 510,888; 2024 AED 533,388Sold by developer, September 2023: AED 508,888 (AED 1,527 per sqft)

505 has sold once; the dashed line is the studio median of each year in the building.

Studios in The Mayfair, and where 505 sits

All 12 studios →

505 last sold in September 2023 at AED 1,527 per sqft, in line with what studios in The Mayfair were fetching at the time (AED 1,527).

Recent studio salesUnit no.Price (AED)Summary
29 Jul 2024540,888
15 Jul 2024525,888
15 Feb 2024540,888
24 Jan 2024516,888
0 studio sales in the last 12 months

The Mayfair

Building

241 apartments, studios to 3-bed over 6 floors in Town Square by Nshama Properties. 16 sold in the last 12 months.

Typical price per sqft
AED 1,316 Up 8.8%
Typical sale
AED 1.35M
Typical rent
Few contracts
Typical yield
The Mayfair, Town Square: prices, sales and rents →

Other units on the 5th floor

All 241 units in The Mayfair
Value
5012-bedAED 1.3M · Aug 2023
5022-bedAED 1.13M · Sep 2023
5032-bedAED 1.1M · Sep 2023
5041-bedAED 729K · Sep 2023
5061-bedAED 831K · Sep 2023
5071-bedAED 729K · Oct 2023
5081-bedAED 749K · Sep 2023
1–7 of 37

505, The Mayfair in numbers

  • Sold once: by Nshama Properties on 22 September 2023 for AED 508,888, or AED 1,527 per sqft.

Source: Dubai Land Department. Updated 22 September 2023.

Questions about 505, The Mayfair

What did unit 505 last sell for?

AED 508,888 on 22 September 2023, sold by the developer: AED 1,527 per sqft for 333 sqft. It is the only registered sale of the unit.

How big is unit 505?

333 sqft (30.9 sqm): a studio on the 5th floor of a 6-storey tower.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 505, The Mayfair

Starts from the last sale price (AED 509K, 22 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 508,888
Deposit, UAE resident (20%)
AED 101,778
Deposit, non-resident (40%)
AED 203,555
Monthly over 25 years at 3.7%
AED 2,082

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →