S040, The Terraces South
Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for S040, The Terraces South
What is S040 worth today?
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Source: Dubai Land Department. Updated 3 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,632 sqft
- Floor
- Ground of 9
- Parking
- 1
- Developer
- Bolton Real Estate Development
- Completed
- 2022
- Last sold
- AED 1.95M · February 2020
- Building
- The Terraces South
About S040, The Terraces South
S040 is a two-bedroom apartment of 1,632 sqft on the ground floor of The Terraces South, a 9-storey tower in Sobha Hartland completed in 2022 by Bolton Real Estate Development. The developer sold it on 17 February 2020 for AED 1,952,362, or AED 1,196 per sqft, in line with the AED 1,193 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 3 February 2026, is AED 230,000 a year: a gross yield of 11.8% on the 2020 price.
Sales and rents for S040 over time
S040 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Terraces South, and where S040 sits
All 59 2-beds →S040 last sold in February 2020 at AED 1,196 per sqft, in line with what two-beds in The Terraces South were fetching at the time (AED 1,193). Over the last 12 months two-beds sold for AED 2,042,000 to 3,450,000, around AED 1,962 per sqft, and rent for AED 120,000 to 255,000 a year. S040's AED 230,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 1,389 sqft | 2,950,000 | 2,123 | ||
| 21 Sep 202621 September 2026 | 1,841 sqft | 3,250,000 | 1,764 | ||
| 23 Jul 202623 July 2026 | 1,159 sqft | 2,042,000 | 1,761 | ||
| 17 Jul 202617 July 2026 | 1,671 sqft | 3,300,000 | 1,975 |
The Terraces South
Building121 apartments, 1-bed to 3-bed over 9 floors in Sobha Hartland, completed in 2022 by Bolton Real Estate Development. 14 sold in the last 12 months.
- Typical price per sqft
- AED 1,969
- Typical sale
- AED 2.22M
- Typical rent
- AED 115K /yr
- Typical yield
- 6.2%
Other units on the ground floor
All 121 units in The Terraces South| ValueToday's value | |||||
|---|---|---|---|---|---|
| S021 | 2-bed | 2,694 sqft | AED 3.65MAED 3,650,000 · Mar 2025March 2025 | 220,000 /yr | |
| S022 | 2-bed | 2,631 sqft | AED 1.69MAED 1,687,000 · Mar 2020March 2020 | 240,000 /yr | |
| S023 | 2-bed | 2,721 sqft | AED 3.45MAED 3,450,000 · Jun 2026June 2026 | 230,000 /yr | |
| S024 | 2-bed | 2,629 sqft | AED 2.67MAED 2,673,903 · Mar 2020March 2020 | 255,000 /yr | |
| S026 | 2-bed | 1,669 sqft | AED 1.75MAED 1,750,000 · Jul 2020July 2020 | 210,000 /yr | |
| S029 | 2-bed | 1,645 sqft | AED 2.95MAED 2,950,000 · Feb 2025February 2025 | ||
| S030 | 2-bed | 1,646 sqft | AED 1.88MAED 1,884,556 · Aug 2020August 2020 | 160,000 /yr | |
| S032 | 2-bed | 1,644 sqft | AED 1.86MAED 1,862,658 · Mar 2020March 2020 | 200,000 /yr | |
| S034 | 2-bed | 1,623 sqft | AED 2.54MAED 2,540,000 · Feb 2023February 2023 | 193,000 /yr | |
| S036 | 2-bed | 1,354 sqft | AED 2.7MAED 2,700,000 · Jun 2024June 2024 | ||
| S038 | 2-bed | 1,656 sqft | AED 2.29MAED 2,290,000 · Feb 2023February 2023 | ||
| S047 | 2-bed | 1,521 sqft | AED 2.95MAED 2,950,000 · Apr 2025April 2025 | ||
| S049 | 2-bed | 1,529 sqft | AED 3.08MAED 3,075,000 · Mar 2026March 2026 | ||
| S051 | 2-bed | 1,554 sqft | AED 3.05MAED 3,050,000 · Feb 2026February 2026 |
S040, The Terraces South in numbers
- Sold once: by Bolton Real Estate Development on 17 February 2020 for AED 1,952,362, or AED 1,196 per sqft.
- Rented since February 2023 on 5 Ejari contracts, from AED 190,000 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2020 price is 11.8%.
- Two-beds in The Terraces South sold for AED 2,042,000–3,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,969 per sqft.
Source: Dubai Land Department. Updated 3 February 2026.
Questions about S040, The Terraces South
What did unit S040 last sell for?
AED 1,952,362 on 17 February 2020, sold by the developer: AED 1,196 per sqft for 1,632 sqft. It is the only registered sale of the unit.
What is the rent for unit S040?
AED 230,000 a year on the contract signed on 3 February 2026. The previous contract, from February 2025, was AED 200,000; the unit has been rented since February 2023.
How big is unit S040?
1,632 sqft (151.6 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2022.
What is unit S040 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Terraces South sold for AED 2,042,000 to 3,450,000 in the last 12 months, around AED 1,962 per sqft.
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Mortgage on S040, The Terraces South
Starts from the last sale price (AED 1.95M, 17 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,952,362
- Deposit, UAE resident (20%)
- AED 390,472
- Deposit, non-resident (40%)
- AED 780,945
- Monthly over 25 years at 3.7%
- AED 7,988
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →