3-bed · 1,823 sqftHercules Tower, Living Legends · 7th floor · completed 2020

704, Hercules Tower

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

Unit 704 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 1.45M20 May 2024
Current rentAED 80K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Hercules Tower

What is 704 worth today?

Last sold for AED 1,450,000 in 2024

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20 May 2024SoldReady
AED 1,450,000AED 795 per sqft
1 Aug 2023RentedRenewal
AED 80,000/yr12 months · AED 44 per sqft
1 Aug 2022RentedRenewal
AED 76,000/yr12 months · AED 42 per sqft
1 Aug 2021RentedRenewal
AED 76,000/yr12 months · AED 42 per sqft
1 Aug 2020RentedNew contract
AED 76,000/yr12 months · AED 42 per sqft
30 Nov 2016RentedNew contract
AED 105,000/yr12 months · AED 58 per sqft
23 Feb 2016SoldOff-plan
AED 1,360,049AED 745 per sqft
27 Dec 2012Sold by developerOff-plan
AED 1,360,049AED 745 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
3-bed apartment
Size
1,823 sqft
Floor
7th of 11
Parking
B-142,B-143
Developer
Tanmiyat Global Real Estate Development
Completed
2020
Service charge
AED 29,900 /yr
Last sold
AED 1.45M · May 2024

About 704, Hercules Tower

704 is a three-bedroom apartment of 1,823 sqft on the 7th floor of Hercules Tower, a 11-storey tower in Living Legends completed in 2020 by Tanmiyat Global Real Estate Development. It last sold on 20 May 2024 for AED 1,450,000, or AED 795 per sqft, 14% above the AED 699 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 80,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 29,900 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical three-bed in Hercules Tower
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,360,049; 2013 AED 1,382,819; 2016 AED 1,450,000; 2017 AED 782,500; 2018 AED 900,000; 2019 AED 910,000; 2023 AED 1,050,000; 2024 AED 1,335,000; 2025 AED 1,525,000Sold by developer, December 2012: AED 1,360,049 (AED 745 per sqft)Sold, February 2016: AED 1,360,049 (AED 745 per sqft)Sold, May 2024: AED 1,450,000 (AED 795 per sqft)

704 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 704, each contractTypical three-bed in Hercules Tower
80K100K2016201920222025Typical rent by year: 2017 AED 100,000; 2018 AED 95,000; 2019 AED 84,000; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 72,000; 2023 AED 77,880; 2024 AED 84,389; 2025 AED 100,000; 2026 AED 107,500New contract, November 2016: AED 105,000 a yearNew contract, August 2020: AED 76,000 a yearRenewal, August 2021: AED 76,000 a yearRenewal, August 2022: AED 76,000 a yearRenewal, August 2023: AED 80,000 a year

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

3-beds in Hercules Tower, and where 704 sits

All 32 3-beds →

704 last sold in May 2024 at AED 795 per sqft, 14% above what three-beds in Hercules Tower were fetching at the time (AED 699). Over the last 12 months three-beds sold for AED 1,820,000, around AED 998 per sqft, and rent for AED 85,000 to 125,000 a year. 704's AED 80,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Apr 20261,820,000
4 Nov 20251,800,000
20 Oct 20251,710,000
7 Jul 20251,570,000
1 3-bed sale in the last 12 months

Hercules Tower

Building

143 apartments, studios to 4-bed over 11 floors in Living Legends, completed in 2020 by Tanmiyat Global Real Estate Development. 13 sold in the last 12 months.

Typical price per sqft
AED 822 Up 2.8%
Typical sale
AED 750K
Typical rent
AED 64K /yr
Typical yield
7.9%
Hercules Tower, Living Legends: prices, sales and rents →

Other units on the 7th floor

All 143 units in Hercules Tower
Value
7012-bedAED 850K · Mar 2023
7023-bedAED 1.3M · Mar 2024
7031-bedAED 250K · Jan 2019
7052-bedAED 1.08M · Oct 2018
7062-bedAED 790K · Mar 2022
7071-bedAED 415K · Jul 2019
7083-bedAED 1.35M · May 2024
1–7 of 11

704, Hercules Tower in numbers

  • Sold 3 times: first on 27 December 2012 for AED 1,360,049, last on 20 May 2024 for AED 1,450,000 (AED 795 per sqft).
  • Rented since November 2016 on 5 Ejari contracts, from AED 105,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 29,900 a year (AED 16.39 per sqft).
  • Three-beds in Hercules Tower sold for AED 1,820,000–1,820,000 in the 12 months to November 2026; the building's median across all types is AED 822 per sqft.

Source: Dubai Land Department. Updated 20 May 2024.

Questions about 704, Hercules Tower

What did unit 704 last sell for?

AED 1,450,000 on 20 May 2024: AED 795 per sqft for 1,823 sqft. The unit has 3 registered sales; the first was AED 1,360,049 in December 2012.

What is the rent for unit 704?

AED 80,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 76,000; the unit has been rented since November 2016.

How big is unit 704?

1,823 sqft (169.4 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2020.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Hercules Tower sold for AED 1,820,000 to 1,820,000 in the last 12 months, around AED 998 per sqft.

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Mortgage on 704, Hercules Tower

Starts from the last sale price (AED 1.45M, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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