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Studio · 381 sqftHanover Square, Jumeirah Village Circle (JVC) · 4th floor · completed 2015

HSC-423, Hanover Square

Sold prices and rental history: sold once, by the developer in July 2009, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit HSC-423 · DLD and Ejari recordsUpdated 10 November 2019
Last soldAED 434K29 July 2009
Current rentAED 55K /yr10 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for HSC-423, Hanover Square

What is HSC-423 worth today?

Last sold for AED 433,924 in 2009

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10 Nov 2019RentedNew contract
AED 55,200/yr12 months · AED 145 per sqft
29 Jul 2009Sold by developerOff-plan
AED 433,924AED 1,140 per sqft

Source: Dubai Land Department. Updated 10 November 2019.

Key facts

Type
Studio apartment
Size
381 sqft
Floor
4th of 4
Parking
B2-449
Developer
ACW Holding
Completed
2015
Service charge
AED 8,500 /yr
Last sold
AED 434K · July 2009
Building
Hanover Square

About HSC-423, Hanover Square

HSC-423 is a studio of 381 sqft on the 4th floor of Hanover Square, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2015 by ACW Holding. The developer sold it on 29 July 2009 for AED 433,924, or AED 1,140 per sqft, in line with the AED 1,118 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 November 2019. The current contract, signed on 10 November 2019, is AED 55,200 a year: a gross yield of 12.7% on the 2009 price, before the service charge of about AED 8,500 a year.

Sales and rents for HSC-423 over time

Sales
Unit HSC-423, each saleTypical studio in Hanover Square
200K400K2009201420192024Typical sale price by year: 2009 AED 449,777; 2010 AED 454,324; 2014 AED 418,589; 2015 AED 431,194; 2016 AED 310,000; 2017 AED 320,000; 2018 AED 300,000; 2019 AED 215,000; 2020 AED 213,500; 2021 AED 222,049; 2022 AED 250,000; 2023 AED 305,000; 2024 AED 380,000; 2025 AED 405,000; 2026 AED 411,573Sold by developer, July 2009: AED 433,924 (AED 1,140 per sqft)

HSC-423 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit HSC-423, each contractTypical studio in Hanover Square
20K40K60K2016201920222025Typical rent by year: 2016 AED 19,980; 2017 AED 54,000; 2018 AED 51,000; 2019 AED 47,400; 2020 AED 23,000; 2021 AED 29,128; 2022 AED 30,000; 2023 AED 37,100; 2024 AED 42,000; 2025 AED 44,000; 2026 AED 40,000New contract, November 2019: AED 55,200 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Hanover Square, and where HSC-423 sits

All 292 studios →

HSC-423 last sold in July 2009 at AED 1,140 per sqft, in line with what studios in Hanover Square were fetching at the time (AED 1,118). Over the last 12 months studios sold for AED 375,000 to 510,119, around AED 951 per sqft, and rent for AED 29,600 to 65,000 a year. HSC-423's AED 55,200 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026400,000
9 Oct 2026435,000
28 Sep 2026405,000
17 Sep 2026405,000
37 studio sales in the last 12 months

Hanover Square

Building

415 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2015 by ACW Holding. 56 sold in the last 12 months.

Typical price per sqft
AED 906 Down 2.8%
Typical sale
AED 430K
Typical rent
AED 45K /yr
Typical yield
11.1%
Hanover Square, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 4th floor

All 415 units in Hanover Square
Value
HSC-4012-bedAED 1.43M · Sep 2009
HSC-4021-bedAED 476K · May 2016
HSC-4032-bedAED 1.47M · May 2009
HSC-404StudioAED 250K · Apr 2019
HSC-405StudioAED 457K · May 2009
HSC-406StudioAED 457K · May 2009
HSC-407StudioAED 457K · May 2009
1–7 of 77

HSC-423, Hanover Square in numbers

  • Sold once: by ACW Holding on 29 July 2009 for AED 433,924, or AED 1,140 per sqft.
  • Rented since November 2019 on one Ejari contract, at AED 55,200 a year.
  • At AED 55,200 a year the gross yield on the 2009 price is 12.7%, before a service charge of about AED 8,500 a year (AED 22.26 per sqft).
  • Studios in Hanover Square sold for AED 375,000–510,119 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 10 November 2019.

Questions about HSC-423, Hanover Square

What did unit HSC-423 last sell for?

AED 433,924 on 29 July 2009, sold by the developer: AED 1,140 per sqft for 381 sqft. It is the only registered sale of the unit.

What is the rent for unit HSC-423?

AED 55,200 a year on the contract signed on 10 November 2019.

How big is unit HSC-423?

381 sqft (35.4 sqm): a studio on the 4th floor of a 4-storey tower completed in 2015.

What is unit HSC-423 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Hanover Square sold for AED 375,000 to 510,119 in the last 12 months, around AED 951 per sqft.

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Mortgage on HSC-423, Hanover Square

Starts from the last sale price (AED 434K, 29 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 433,924
Deposit, UAE resident (20%)
AED 86,785
Deposit, non-resident (40%)
AED 173,570
Monthly over 25 years at 3.7%
AED 1,775

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