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1-bed · 748 sqftHanover Square, Jumeirah Village Circle (JVC) · 3rd floor · completed 2015

HSN-304, Hanover Square

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit HSN-304 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 738K27 May 2009
Current rentAED 60K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for HSN-304, Hanover Square

What is HSN-304 worth today?

Last sold for AED 738,096 in 2009

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15 May 2024RentedNew contract
AED 60,000/yr12 months · AED 81 per sqft
25 Dec 2023RentedNew contract
AED 60,000/yr12 months · AED 80 per sqft
25 Dec 2022RentedNew contract
AED 46,000/yr12 months · AED 62 per sqft
1 Nov 2021RentedRenewal
AED 38,000/yr12 months · AED 51 per sqft
1 Nov 2020RentedNew contract
AED 38,000/yr12 months · AED 51 per sqft
27 May 2009Sold by developerOff-plan
AED 738,096AED 986 per sqft

Source: Dubai Land Department. Updated 15 May 2024.

Key facts

Type
1-bed apartment
Size
748 sqft
Floor
3rd of 4
Parking
B2-365
Developer
ACW Holding
Completed
2015
Service charge
AED 16,600 /yr
Last sold
AED 738K · May 2009
Building
Hanover Square

About HSN-304, Hanover Square

HSN-304 is a one-bedroom apartment of 748 sqft on the 3rd floor of Hanover Square, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2015 by ACW Holding. The developer sold it on 27 May 2009 for AED 738,096, or AED 986 per sqft, 4% below the AED 1,023 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 May 2024, is AED 60,000 a year: a gross yield of 8.1% on the 2009 price, before the service charge of about AED 16,600 a year.

Sales and rents for HSN-304 over time

Sales
Unit HSN-304, each saleTypical one-bed in Hanover Square
400K600K800K2009201420192024Typical sale price by year: 2009 AED 727,262; 2015 AED 463,136; 2016 AED 505,448; 2021 AED 305,000; 2022 AED 435,000; 2023 AED 500,000; 2024 AED 557,500; 2025 AED 600,000; 2026 AED 670,000Sold by developer, May 2009: AED 738,096 (AED 986 per sqft)

HSN-304 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit HSN-304, each contractTypical one-bed in Hanover Square
40K60K80K2016201920222025Typical rent by year: 2016 AED 31,980; 2017 AED 75,000; 2019 AED 66,000; 2020 AED 39,000; 2021 AED 37,000; 2022 AED 41,000; 2023 AED 50,200; 2024 AED 55,100; 2025 AED 58,000; 2026 AED 60,000New contract, November 2020: AED 38,000 a yearRenewal, November 2021: AED 38,000 a yearNew contract, December 2022: AED 46,000 a yearNew contract, December 2023: AED 60,000 a yearNew contract, May 2024: AED 60,000 a year

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

1-beds in Hanover Square, and where HSN-304 sits

All 75 1-beds →

HSN-304 last sold in May 2009 at AED 986 per sqft, 4% below what one-beds in Hanover Square were fetching at the time (AED 1,023). Over the last 12 months one-beds sold for AED 530,000 to 760,000, around AED 881 per sqft, and rent for AED 45,000 to 87,500 a year. HSN-304's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Aug 20266,266
10 Aug 202637,032
7 Aug 202645,614
17 Jul 202640,960
12 1-bed 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 3rd floor

All 415 units in Hanover Square
Value
HSC-3012-bedAED 898K · May 2009
HSC-3021-bedAED 532K · Jun 2009
HSC-3032-bedAED 650K · Jul 2014
HSC-3041-bedAED 529K · May 2009
HSC-3052-bedAED 868K · May 2009
HSC-306StudioAED 459K · May 2009
HSC-307StudioAED 265K · Oct 2022
1–7 of 90

HSN-304, Hanover Square in numbers

  • Sold once: by ACW Holding on 27 May 2009 for AED 738,096, or AED 986 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 38,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2009 price is 8.1%, before a service charge of about AED 16,600 a year (AED 22.26 per sqft).
  • One-beds in Hanover Square sold for AED 530,000–760,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 15 May 2024.

Questions about HSN-304, Hanover Square

What did unit HSN-304 last sell for?

AED 738,096 on 27 May 2009, sold by the developer: AED 986 per sqft for 748 sqft. It is the only registered sale of the unit.

What is the rent for unit HSN-304?

AED 60,000 a year on the contract signed on 15 May 2024. The previous contract, from December 2023, was AED 60,000; the unit has been rented since November 2020.

How big is unit HSN-304?

748 sqft (69.5 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2015.

What is unit HSN-304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Hanover Square sold for AED 530,000 to 760,000 in the last 12 months, around AED 881 per sqft.

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Mortgage on HSN-304, Hanover Square

Starts from the last sale price (AED 738K, 27 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 738,096
Deposit, UAE resident (20%)
AED 147,619
Deposit, non-resident (40%)
AED 295,238
Monthly over 25 years at 3.7%
AED 3,020

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