2-bed · 1,402 sqftHercules Tower, Living Legends · 7th floor · completed 2020

706, Hercules Tower

Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 29 March 2022
Last soldAED 790K29 March 2022
Current rentAED 59K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Hercules Tower

What is 706 worth today?

Last sold for AED 790,000 in 2022

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29 Mar 2022SoldReady
AED 790,000AED 563 per sqft
15 Mar 2021RentedNew contract
AED 59,000/yr12 months · AED 42 per sqft
16 Mar 2020RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
11 Oct 2018RentedRenewal
AED 74,000/yr12 months · AED 53 per sqft
11 Oct 2017RentedNew contract
AED 80,000/yr12 months · AED 57 per sqft
19 May 2013Sold by developerOff-plan
AED 1,186,370AED 846 per sqft

Source: Dubai Land Department. Updated 29 March 2022.

Key facts

Type
2-bed apartment
Size
1,402 sqft
Floor
7th of 11
Parking
B-112
Developer
Tanmiyat Global Real Estate Development
Completed
2020
Service charge
AED 23,000 /yr
Last sold
AED 790K · March 2022

About 706, Hercules Tower

706 is a two-bedroom apartment of 1,402 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 29 March 2022 for AED 790,000, or AED 563 per sqft, 20% above the AED 471 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 15 March 2021, is AED 59,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 23,000 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical two-bed in Hercules Tower
500K1M2012201620202024Typical sale price by year: 2012 AED 1,136,018; 2013 AED 1,064,525; 2014 AED 955,175; 2015 AED 1,185,912; 2016 AED 854,224; 2017 AED 1,135,000; 2018 AED 575,000; 2021 AED 702,500; 2023 AED 765,000; 2024 AED 975,000; 2025 AED 1,200,000; 2026 AED 1,187,500Sold by developer, May 2013: AED 1,186,370 (AED 846 per sqft)Sold, March 2022: AED 790,000 (AED 563 per sqft)

706 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 706, each contractTypical two-bed in Hercules Tower
60K80K2016201920222025Typical rent by year: 2016 AED 75,000; 2017 AED 75,000; 2018 AED 72,000; 2019 AED 68,000; 2020 AED 59,000; 2021 AED 53,500; 2022 AED 58,195; 2023 AED 62,000; 2024 AED 66,000; 2025 AED 78,000; 2026 AED 79,500New contract, October 2017: AED 80,000 a yearRenewal, October 2018: AED 74,000 a yearNew contract, March 2020: AED 65,000 a yearNew contract, March 2021: AED 59,000 a year

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

2-beds in Hercules Tower, and where 706 sits

All 38 2-beds →

706 last sold in March 2022 at AED 563 per sqft, 20% above what two-beds in Hercules Tower were fetching at the time (AED 471). Over the last 12 months two-beds sold for AED 1,150,000 to 1,250,000, around AED 846 per sqft, and rent for AED 45,000 to 94,000 a year. 706's AED 59,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20261,187,500
2 Sep 20261,150,000
9 Jan 20261,250,000
4 Nov 20251,265,000
3 2-bed sales 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
7043-bedAED 1.45M · May 2024
7052-bedAED 1.08M · Oct 2018
7071-bedAED 415K · Jul 2019
7083-bedAED 1.35M · May 2024
1–7 of 11

706, Hercules Tower in numbers

  • Sold twice: first on 19 May 2013 for AED 1,186,370, last on 29 March 2022 for AED 790,000 (AED 563 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 80,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 23,000 a year (AED 16.39 per sqft).
  • Two-beds in Hercules Tower sold for AED 1,150,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 822 per sqft.

Source: Dubai Land Department. Updated 29 March 2022.

Questions about 706, Hercules Tower

What did unit 706 last sell for?

AED 790,000 on 29 March 2022: AED 563 per sqft for 1,402 sqft. The unit has 2 registered sales; the first was AED 1,186,370 in May 2013.

What is the rent for unit 706?

AED 59,000 a year on the contract signed on 15 March 2021. The previous contract, from March 2020, was AED 65,000; the unit has been rented since October 2017.

How big is unit 706?

1,402 sqft (130.3 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2020.

What is unit 706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Hercules Tower sold for AED 1,150,000 to 1,250,000 in the last 12 months, around AED 846 per sqft.

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Mortgage on 706, Hercules Tower

Starts from the last sale price (AED 790K, 29 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

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