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Studio · 451 sqftHanover Square, Jumeirah Village Circle (JVC) · 3rd floor · completed 2015

HSN-318, Hanover Square

Sold prices and rental history: sold once, by the developer in June 2009, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit HSN-318 · DLD and Ejari recordsUpdated 9 November 2022
Last soldAED 486K7 June 2009
Current rentAED 28K /yr9 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for HSN-318, Hanover Square

What is HSN-318 worth today?

Last sold for AED 486,349 in 2009

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9 Nov 2022RentedNew contract
AED 28,000/yr12 months · AED 62 per sqft
20 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 49 per sqft
1 Jan 2016RentedNew contract
AED 23,980/yr36 months · AED 53 per sqft
7 Jun 2009Sold by developerOff-plan
AED 486,349AED 1,077 per sqft

Source: Dubai Land Department. Updated 9 November 2022.

Key facts

Type
Studio apartment
Size
451 sqft
Floor
3rd of 4
Parking
B2-382
Developer
ACW Holding
Completed
2015
Service charge
AED 10,000 /yr
Last sold
AED 486K · June 2009
Building
Hanover Square

About HSN-318, Hanover Square

HSN-318 is a studio of 451 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 7 June 2009 for AED 486,349, or AED 1,077 per sqft, 6% below the AED 1,144 studios in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 9 November 2022, is AED 28,000 a year: a gross yield of 5.8% on the 2009 price, before the service charge of about AED 10,000 a year.

Sales and rents for HSN-318 over time

Sales
Unit HSN-318, 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, June 2009: AED 486,349 (AED 1,077 per sqft)

HSN-318 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit HSN-318, 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, January 2016: AED 23,980 a yearNew contract, October 2020: AED 22,000 a yearNew contract, November 2022: AED 28,000 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-318 sits

All 292 studios →

HSN-318 last sold in June 2009 at AED 1,077 per sqft, 6% below what studios in Hanover Square were fetching at the time (AED 1,144). 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-318's AED 28,000 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 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-318, Hanover Square in numbers

  • Sold once: by ACW Holding on 7 June 2009 for AED 486,349, or AED 1,077 per sqft.
  • Rented since January 2016 on 3 Ejari contracts, from AED 23,980 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2009 price is 5.8%, before a service charge of about AED 10,000 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 9 November 2022.

Questions about HSN-318, Hanover Square

What did unit HSN-318 last sell for?

AED 486,349 on 7 June 2009, sold by the developer: AED 1,077 per sqft for 451 sqft. It is the only registered sale of the unit.

What is the rent for unit HSN-318?

AED 28,000 a year on the contract signed on 9 November 2022. The previous contract, from October 2020, was AED 22,000; the unit has been rented since January 2016.

How big is unit HSN-318?

451 sqft (41.9 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2015.

What is unit HSN-318 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-318, Hanover Square

Starts from the last sale price (AED 486K, 7 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 486,349
Deposit, UAE resident (20%)
AED 97,270
Deposit, non-resident (40%)
AED 194,540
Monthly over 25 years at 3.7%
AED 1,990

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