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Studio · 396 sqftHanover Square, Jumeirah Village Circle (JVC) · 2nd floor · completed 2015

HSS-224, Hanover Square

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit HSS-224 · DLD and Ejari recordsUpdated 17 September 2024
Last soldAED 370K27 March 2024
Current rentAED 36K /yr17 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for HSS-224, Hanover Square

What is HSS-224 worth today?

Last sold for AED 370,000 in 2024

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17 Sep 2024RentedNew contract
AED 36,097/yr12 months · AED 91 per sqft
5 May 2024RentedNew contract
AED 35,903/yr12 months · AED 91 per sqft
27 Mar 2024SoldReady
AED 370,000AED 934 per sqft
6 Jan 2022SoldReady
AED 280,000AED 707 per sqft
1 Apr 2021RentedNew contract
AED 16,000/yr12 months · AED 40 per sqft
1 Jan 2016RentedNew contract
AED 59,940/yr12 months · AED 151 per sqft
22 Jun 2009Sold by developerOff-plan
AED 455,314AED 1,150 per sqft

Source: Dubai Land Department. Updated 17 September 2024.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
2nd of 4
Parking
B2-258
Developer
ACW Holding
Completed
2015
Service charge
AED 8,800 /yr
Last sold
AED 370K · March 2024
Building
Hanover Square

About HSS-224, Hanover Square

HSS-224 is a studio of 396 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 27 March 2024 for AED 370,000, or AED 934 per sqft, 21% above the AED 775 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 17 September 2024, is AED 36,097 a year: a gross yield of 9.8% on the 2024 price, before the service charge of about AED 8,800 a year.

Sales and rents for HSS-224 over time

Sales
Unit HSS-224, 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 455,314 (AED 1,150 per sqft)Sold, January 2022: AED 280,000 (AED 707 per sqft)Sold, March 2024: AED 370,000 (AED 934 per sqft)

HSS-224 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit HSS-224, 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 59,940 a yearNew contract, April 2021: AED 16,000 a yearNew contract, May 2024: AED 35,903 a yearNew contract, September 2024: AED 36,097 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 HSS-224 sits

All 292 studios →

HSS-224 last sold in March 2024 at AED 934 per sqft, 21% above what studios in Hanover Square were fetching at the time (AED 775). 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. HSS-224's AED 36,097 is in the lower 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 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

HSS-224, Hanover Square in numbers

  • Sold 3 times: first on 22 June 2009 for AED 455,314, last on 27 March 2024 for AED 370,000 (AED 934 per sqft).
  • Rented since January 2016 on 4 Ejari contracts. The rent fell from AED 59,940 to AED 16,000 in 2021 and recovered to AED 36,097 by September 2024.
  • At AED 36,097 a year the gross yield on the 2024 price is 9.8%, before a service charge of about AED 8,800 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 17 September 2024.

Questions about HSS-224, Hanover Square

What did unit HSS-224 last sell for?

AED 370,000 on 27 March 2024: AED 934 per sqft for 396 sqft. The unit has 3 registered sales; the first was AED 455,314 in June 2009.

What is the rent for unit HSS-224?

AED 36,097 a year on the contract signed on 17 September 2024. The previous contract, from May 2024, was AED 35,903; the unit has been rented since January 2016.

How big is unit HSS-224?

396 sqft (36.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2015.

What is unit HSS-224 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 HSS-224, Hanover Square

Starts from the last sale price (AED 370K, 27 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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