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Studio · 388 sqftHanover Square, Jumeirah Village Circle (JVC) · 2nd floor · completed 2015

HSN-227, Hanover Square

Sold prices and rental history: sold 4 times, last in October 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit HSN-227 · DLD and Ejari recordsUpdated 12 October 2023
Last soldAED 320K12 October 2023
Current rentAED 25K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for HSN-227, Hanover Square

What is HSN-227 worth today?

Last sold for AED 320,000 in 2023

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12 Oct 2023SoldReady
AED 320,000AED 825 per sqft
1 Nov 2021RentedNew contract
AED 25,000/yr12 months · AED 65 per sqft
1 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
14 Nov 2018SoldReady
AED 268,000AED 691 per sqft
15 Mar 2018SoldReady
AED 298,000AED 768 per sqft
27 May 2009Sold by developerOff-plan
AED 432,852AED 1,116 per sqft

Source: Dubai Land Department. Updated 12 October 2023.

Key facts

Type
Studio apartment
Size
388 sqft
Floor
2nd of 4
Parking
B1-197
Developer
ACW Holding
Completed
2015
Service charge
AED 8,600 /yr
Last sold
AED 320K · October 2023
Building
Hanover Square

About HSN-227, Hanover Square

HSN-227 is a studio of 388 sqft on the 2nd floor of Hanover Square, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2015 by ACW Holding. It last sold on 12 October 2023 for AED 320,000, or AED 825 per sqft, 13% above the AED 731 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 November 2021, is AED 25,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 8,600 a year.

Sales and rents for HSN-227 over time

Sales
Unit HSN-227, 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, May 2009: AED 432,852 (AED 1,116 per sqft)Sold, March 2018: AED 298,000 (AED 768 per sqft)Sold, November 2018: AED 268,000 (AED 691 per sqft)Sold, October 2023: AED 320,000 (AED 825 per sqft)

HSN-227 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit HSN-227, 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, October 2020: AED 22,000 a yearNew contract, November 2021: AED 25,000 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 HSN-227 sits

All 292 studios →

HSN-227 last sold in October 2023 at AED 825 per sqft, 13% above what studios in Hanover Square were fetching at the time (AED 731). 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. HSN-227's AED 25,000 is at the bottom 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 2nd floor

All 415 units in Hanover Square
Value
HSC-2012-bedAED 800K · Jun 2016
HSC-2021-bedAED 511K · May 2009
HSC-2032-bedAED 724K · May 2009
HSC-2041-bedAED 315K · Nov 2022
HSC-2052-bedAED 522K · Oct 2015
HSC-206StudioAED 587K · Jun 2009
HSC-207StudioAED 459K · Jun 2009
1–7 of 90

HSN-227, Hanover Square in numbers

  • Sold 4 times: first on 27 May 2009 for AED 432,852, last on 12 October 2023 for AED 320,000 (AED 825 per sqft).
  • Rented since October 2020 on 2 Ejari contracts, from AED 22,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 8,600 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 12 October 2023.

Questions about HSN-227, Hanover Square

What did unit HSN-227 last sell for?

AED 320,000 on 12 October 2023: AED 825 per sqft for 388 sqft. The unit has 4 registered sales; the first was AED 432,852 in May 2009.

What is the rent for unit HSN-227?

AED 25,000 a year on the contract signed on 1 November 2021. The previous contract, from October 2020, was AED 22,000.

How big is unit HSN-227?

388 sqft (36.0 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2015.

What is unit HSN-227 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 HSN-227, Hanover Square

Starts from the last sale price (AED 320K, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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