Mayfair Tower is a residential complex located in the prestigious Business Bay area in the center of Dubai. Deyaar worked on the project. The construction was completed in 2011.
The height of the complex is 22 floors, including a 5-storey podium. The building facades are made of modern technological materials.
In Mayfair Tower are presented exclusive apartments with 1 and 2 bedrooms, which differ in configuration and area. In total there are 218 units of real estate in the complex.
The apartments have an equipped kitchen, built-in closets, pantry, central heating and air conditioning, a balcony, minimalist bedrooms, and new plumbing. There are views of Dubai Water Canal and the sights of the area.
For the comfort of residents there is 24-hour security and video surveillance, a fitness center and equipped gym, a swimming pool, steam bath, jacuzzi and sauna, high-speed elevators, a landscaped garden with recreation areas, underground parking, a restaurant and cafe, and reliable internet access at all times.
The building houses the Mayfair Tower Hotel, which provides residents with a maid service, and other concierge and customer services.
The private landscaped grounds include playgrounds and walking paths.
Apartments start at 48.8 sq. m (525 sq. ft). One-bedroom apartments start at AED 550,000 (USD 149,744).
Close proximity to Al Khail Road and Sheikh Zayed Road gives easy access to other areas of Dubai. Public transport and cab stops are within walking distance, as isBusiness Bay Metro Station.
Dubai International Airport is a 20-minute drive away.
The Business Bay area is full of exclusive residences and modern office buildings, upscale restaurants and cafes, cultural and entertainment venues, stores and supermarkets.
Dubai Mall is a 10-minute walk from Mayfair Tower. Stores, an ice skating rink and cinema, cafes and restaurants, and playgrounds are available to visitors.
Bay Square Business Center is located across from the apartment complex. The building houses office and retail space.
Nearby schools and developmental centers are Blessings Nursery, Raffles International School, Salma Al Ansaria, and Al Safa Boys School.
Near the complex there are medical centers – Mediclinic Dubai Mall, Al Ittihad Health Center, and Dubai Equine Hospital.
When investing in 1 bedroom apartments in Mayfair Tower you can expect a yield from the lease of 6.4% per year, and apartments with 2 bedrooms will provide a yield of 6.2%.
The price to rent a 1-bedroom apartment is AED 39,000 (USD 10,618) per year.
Therefore, net income in this instance would be AED 28,000 (USD 7,623).
The maintenance fee is AED 6,520 (USD 1,775) depending on the size of the apartment. The rental property tax of 5% would equate to AED 1,950 (USD 531).
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