3-bed · 1,518 sqftHayat Boulevard 1A, Town Square · 7th floor · completed 2020

702, Hayat Boulevard 1A

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 8 November 2023
Last soldAED 1.3M8 November 2023
Current rentAED 90K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Hayat Boulevard 1A

What is 702 worth today?

Last sold for AED 1,300,000 in 2023

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8 Nov 2023SoldReady
AED 1,300,000AED 856 per sqft
5 Oct 2023RentedRenewal
AED 90,000/yr12 months · AED 59 per sqft
5 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 59 per sqft
1 Jul 2022RentedRenewal
AED 80,000/yr12 months · AED 53 per sqft
1 Jul 2021RentedNew contract
AED 80,000/yr12 months · AED 53 per sqft
17 Jul 2017Sold by developerOff-plan
AED 1,335,888AED 879 per sqft

Source: Dubai Land Department. Updated 8 November 2023.

Key facts

Type
3-bed apartment
Size
1,518 sqft
Floor
7th of 7
Parking
P-210
Developer
Nshmi Development
Completed
2020
Service charge
AED 25,800 /yr
Last sold
AED 1.3M · November 2023

About 702, Hayat Boulevard 1A

702 is a three-bedroom apartment of 1,518 sqft on the 7th floor of Hayat Boulevard 1A, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 8 November 2023 for AED 1,300,000, or AED 856 per sqft, 8% below the AED 926 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 5 October 2023, is AED 90,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 25,800 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical three-bed in Hayat Boulevard 1A
1.2M1.4M20172019202120232025Typical sale price by year: 2017 AED 1,262,888; 2020 AED 1,229,888; 2021 AED 1,235,888; 2023 AED 1,400,000; 2024 AED 1,495,000Sold by developer, July 2017: AED 1,335,888 (AED 879 per sqft)Sold, November 2023: AED 1,300,000 (AED 856 per sqft)

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

Rents
Unit 702, each contractTypical three-bed in Hayat Boulevard 1A
100K2020202220242026Typical rent by year: 2020 AED 70,000; 2021 AED 66,000; 2022 AED 77,500; 2023 AED 83,077; 2024 AED 108,996; 2025 AED 125,000; 2026 AED 118,500New contract, July 2021: AED 80,000 a yearRenewal, July 2022: AED 80,000 a yearNew contract, October 2022: AED 90,000 a yearRenewal, October 2023: AED 90,000 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 Hayat Boulevard 1A, and where 702 sits

All 19 3-beds →

702 last sold in November 2023 at AED 856 per sqft, 8% below what three-beds in Hayat Boulevard 1A were fetching at the time (AED 926). Over the last 12 months three-beds sold for AED 1,900,000 to 2,450,000, around AED 1,128 per sqft, and rent for AED 48,000 to 150,000 a year. 702's AED 90,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Aug 20261,900,000
18 Mar 20262,450,000
31 Jul 20251,900,000
18 Jun 20251,590,000
2 3-bed sales in the last 12 months

Hayat Boulevard 1A

Building

184 apartments, studios to 4-bed over 7 floors in Town Square, completed in 2020 by Nshmi Development. 18 sold in the last 12 months.

Typical price per sqft
AED 1,168 Up 4.8%
Typical sale
AED 1.06M
Typical rent
AED 66K /yr
Typical yield
7.1%
Hayat Boulevard 1A, Town Square: prices, sales and rents →

Other units on the 7th floor

All 184 units in Hayat Boulevard 1A
Value
7012-bedAED 921K · Aug 2021
7032-bedAED 930K · Dec 2024
704StudioAED 400K · Dec 2023
7051-bedAED 650K · Sep 2024
7061-bedAED 751K · Nov 2017
7071-bedAED 520K · Mar 2023
7082-bedAED 888K · Apr 2017
1–7 of 24

702, Hayat Boulevard 1A in numbers

  • Sold twice: first on 17 July 2017 for AED 1,335,888, last on 8 November 2023 for AED 1,300,000 (AED 856 per sqft).
  • Rented since July 2021 on 4 Ejari contracts, from AED 80,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 25,800 a year (AED 16.97 per sqft).
  • Three-beds in Hayat Boulevard 1A sold for AED 1,900,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,168 per sqft.

Source: Dubai Land Department. Updated 8 November 2023.

Questions about 702, Hayat Boulevard 1A

What did unit 702 last sell for?

AED 1,300,000 on 8 November 2023: AED 856 per sqft for 1,518 sqft. The unit has 2 registered sales; the first was AED 1,335,888 in July 2017.

What is the rent for unit 702?

AED 90,000 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 90,000; the unit has been rented since July 2021.

How big is unit 702?

1,518 sqft (141.0 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2020.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Hayat Boulevard 1A sold for AED 1,900,000 to 2,450,000 in the last 12 months, around AED 1,128 per sqft.

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Mortgage on 702, Hayat Boulevard 1A

Starts from the last sale price (AED 1.3M, 8 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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