Mayfair Residency, Business Bay

Mayfair Residency, Business Bay

HIGHLIGHTS

About Mayfair Residency, Dubai

Mayfair Residency is a high-rise residential building in Business Bay. It offers 1 and 2-bedroom apartments with scenic views of adjoining landscaped green areas and Business Bay Lake and stylish finishes. It was developed by Deyaar and designed by Archdome Consulting Engineers. This project was launched in 2008 and handed over in 2011.

Business Bay is the same in nature to Manhattan which is a business centre in New York City. This neighbourhood features a myriad of tall commercial skyscrapers and residential towers offering apartments, penthouses and aparthotels.

The key attraction of Business Bay apartments for rent is its relatively affordable prices for such a strategic location, it is easily accessible for Dubai International Financial Centre and Downtown Dubai. This district is also home to a vibrant collection of restaurants and facilities.

IN A NUTSHELL

  • Located in Business Bay
  • 21-floors high-rise building with three podium levels and a ground floor
  • A project by Deyaar
  • Offers 1 and 2-bedroom furnished apartments
  • Neighbouring areas include Downtown Dubai and Al Quoz
  • Ease to access Sheikh Zayed Road and Al Khail Road

BUILDING DETAILS

Facilities in Mayfair Residency, Dubai

Mayfair Residency
Mayfair Residency is a 21-floors high-rise building in Business Bay

Parking

There are two basement levels dedicated for parking in Mayfair Residency. This apartment building also offers parking space for visitors.

Elevators

The high-speed elevators in Mayfair Residency provide timely transportation.

Security, Central Air-Conditioning and Maintenance Services 

Mayfair Residency, Dubai is a safe and secure residential building as the security staff performs their duty for 24-hour. DEWA provides water and electricity to the building while Empower is the district cooling supplier of Mayfair Residency. The chiller charges for property owners are included in the service charges which need to be paid yearly.

Gym and Fitness Facilities 

Residents can access to health and fitness facilities including separate steam and sauna room, pool and gymnasium in Mayfair Residence, Dubai. This apartment building is close to Bay Avenue Park where fitness enthusiasts can enjoy outdoor activities on the jogging track, a skate park and trampoline. Other activities like Sunrise Yoga, Zumba and Aerobics have been recently introduced in the park.

Lifestyle Amenities

The lifestyle amenities at Mayfair Residence, Dubai include a swimming pool, sauna and steam room, Jacuzzi, terrace garden and gym. There is a choice of playgrounds and face painting for children at Bay Avenue Park which is located a 9-minute drive away.

Concierge and Guest Services 

There is a 24-hour help desk and concierge service available in the lobby of the apartment building for any assistance.

Safety Features

Mayfair Residence, Dubai has integrated safety features that exceed high-end living standards. They include:

  • Fire-alarm and fire-fighting system are enabled throughout the building
  • The apartment building also has backup power and emergency lighting system

The public address system in Mayfair Residency, Business Bay also helps residents to evacuate the building in case of any incident.

Mayfair Residence, Dubai Floor Plans 

The residential units in Mayfair Residency, Business Bay, Dubai come in different floor plans and configuration. Here is the floor plan of the apartment building:

  • 1-bedroom apartments in Mayfair Residency, Business Bay, Dubai consist of twelve different unit types
  • 2-bedroom apartments in Mayfair Residency, Dubai Business Bay consist of five different unit types

Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you're interested in by browsing the Mayfair Residency floor plan.

Apartment Types in Mayfair Residency, Dubai

There are a total of 213 residential units in Mayfair Residency, Dubai, Business Bay. They are divided into 1 and 2-bedroom apartments. The stylized finishes in each flat add comfort to life.

1-Bedroom Apartments in Mayfair Residency

1-bedroom apartments in Mayfair Residency come in twelve types of configurations. The coverage area of these units ranges between 544 sq. ft. to 823 sq. ft. Residents can find a living and dining area, open kitchen, attached bathroom in master bedroom and laundry. Few unit types offer a balcony as well. These units are located on the 1st to the 16th floor on the tower.

2-Bedroom Apartments in Mayfair Residency

There are five types of floor plans available for 2-bedroom apartments in Mayfair Residency. The coverage area of these units ranges between 1,235 sq. ft. to 1,479 sq. ft. The master bedroom has a walk-in closet and en-suite bathroom. Most of these units come with large living and dining area, fitted kitchen, maid’s room with bathroom, laundry and two balconies. Residents will find these units on 17th to 19th floor of the building.

Most Popular Apartment Types in Mayfair Residency

  • 1-bed
  • 2-bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%

Based on searches conducted by users on Bayut.com over the past 6 months

Based on the searches made on Bayut, 1-bedroom apartments are the most popular apartment type for rent in Mayfair Residency, Business Bay. These units have a 94.8% view percentage. 2-bedroom apartments come in second with 5.2% view percentage when it comes to the number of searches conducted on Bayut.

Rental Trends in Mayfair Residency, Dubai

To rent an apartment in Mayfair Residency, the rental trend is as follows:

  • The annual rent of 1-bedroom apartment ranges between AED 45k to AED 60k
  • Rent of a 2-bedroom apartment fluctuates between AED 99k to AED 109k

Usually, post-dated cheques are required for an annual lease. The number of cheques depends on the agreement with agents or landlords and it can vary from quarterly to anywhere between six to eight or even months in some cases.

Sale Trends in Mayfair Residency, Dubai

Those looking to buy an apartment in Mayfair Residency, the sales trend is as follows:

  • The sale price of 1-bedroom apartment ranges between AED 650k to AED 1M
  • Investors can buy a 2-bed flat at a price range of AED 1.1M to AED 1.9M

The price range depends largely on the total square footage of the apartments or penthouses and the amenities offered. You can compare these prices to the apartments for sale in Business Bay.

Rental Yield in Mayfair Residency

  • 1-bed
  • 2-bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%

Based on searches conducted by users on Bayut.com over the past 6 months

1-bedroom apartments in Mayfair Residency, Dubai have the highest ROI with a rental yield of 6.7%. 2-bedroom apartments closely follow and have an ROI of 6.3%.

Service Charges in Mayfair Residency

SERVICE CHARGES
PRICES PER SQ. FT. IN AED
SERVICE CHARGES
SERVICES
PRICES PER SQ. FT. IN AED
2.63
SERVICE CHARGES
MAINTENANCE
PRICES PER SQ. FT. IN AED
2.58
SERVICE CHARGES
UTILITIES SERVICES
PRICES PER SQ. FT. IN AED
5.9
SERVICE CHARGES
MANAGEMENT SERVICES
PRICES PER SQ. FT. IN AED
0.93
SERVICE CHARGES
INSURANCE
PRICES PER SQ. FT. IN AED
0.55
SERVICE CHARGES
MASTER COMMUNITY
PRICES PER SQ. FT. IN AED
0.64
SERVICE CHARGES
TOTAL
PRICES PER SQ. FT. IN AED
13.23

These figures are based on the services charges for Mayfair Residency as per the Dubai Land Department.

There are many different types of service charges in Dubai, read up on the service charges guide if you are interested in buying a property in Dubai.

These are the latest service charges as of 22 November 2019 and can be subject to change.

NEARBY AMENITIES

Transportation near Mayfair Residency

This building lies next to Marasi Driveway that offers direct access to the northern side of Business Bay as well as Downtown Dubai. The driveway also connects to Sheikh Zayed Road (E11) and Ras Al Khor Road (E44).

Bus Stations near Mayfair Residency

For those looking for means of public transportation near Mayfair Residency, there are several bus stations located nearby these include Mayfair Residency 01, Fairview Residency and Volante Dubai Tower. All these bus stations are located at a 5 to 7-minute drive.

Metro Stations near Mayfair Residency

Business Bay, Financial Centre and Emirates Towers are the nearest metro stations, located in a 10-minute drive. Residents can also access waterbus service from Marasi Marine Transport Station in a 9-minute walk.

Restaurants near Mayfair Residency

These are the restaurants near Mayfair Residency, Business Bay:

  • BHAR
  • BASTA
  • Bombay Brasserie

BHAR and BASTA are casual dining restaurants located in the Renaissance Downtown Hotel, Dubai. BHAR serves Arabic and Middle Eastern cuisine while visitors can enjoy Italian cuisine at BASTA. The hotel is located at a 9-minute drive from apartment tower.

The nearby fine dining options are 10 minutes away. These include:

  • Ewaan
  • Kohantei
  • Billionaire Mansion & Sumosan
  • Prime68

Ewaan serves a blend of Arabic and Oriental cuisine. The restaurant offers outdoor seating at the open-air terrace where dishes are served from live cooking stations and buffet along with coffee and hubbly-bubbly. It is located at a short drive of 9-minutes in Palace Downtown – part of the portfolio of Address Hotels + Resorts. There are plenty of cafes on the other side of the creek. However, the nearest ones are Espressini Café and Filli Café. Prime68, one of the best restaurants in Business Bay Dubai, is another fine-dining eatery serving steak to its customers.

Supermarkets near Mayfair Residency

Better 1 Mart Supermarket
Grocery store for residents of Mayfair Residency

Residents can buy their groceries and other necessities from these supermarkets near Mayfair Residency, Dubai:

  • Better 1 Mart
  • West Zone Fresh Supermarket
  • Jame Jam Supermarket

There are two West Zone supermarkets near Mayfair Residency. One is based in Fairview Residency, a 3-minute walk away, and the other is in Bahwan Tower Downtown Dubai which is accessible in a 9-minute drive.

NEARBY BUILDINGS

Mayfair Residency is in proximity to these buildings:

  • Clayton Residency
  • Fair View Residency
  • U-Bora Towers

All these buildings are located nearby creek and accessible to residents of Mayfair Residency, Business Bay in walking distance of 5 to 10 minutes.

Major Landmarks

Dubai Creek
Mayfair Residency is close to Dubai Creek

Nearby landmarks include:

  • Dubai Creek
  • Burj Khalifa
  • Godolphin Stables

Dubai Creek and Burj Khalifa are major landmarks and tourist attractions near Mayfair Residency, Dubai. Dubai Creek separates two major districts; Deira and Bur Dubai. It has become a residential and commercial hub of Dubai with several skyscrapers built around it. The tallest building in the world, Burj Khalifa is home to many extravagant amenities and facilities. It is located in Downtown Dubai, a multicultural area which brings the best of Arab and West.

THINGS TO CONSIDER

One thing to consider about Mayfair Residency is the limited choice of bed-types. The residential tower doesn’t cater to those looking for studios or three-bed apartments, it features one-bed and two-bedroom apartments only.

Are you looking to buy or rent apartments in Mayfair Residency?

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