2-bed · 942 sqftHayat Boulevard 1B, Town Square · 3rd floor · completed 2020

315, Hayat Boulevard 1B

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 27 May 2024
Last soldAED 965K27 May 2024
Current rentAED 85K /yr10 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 315, Hayat Boulevard 1B

What is 315 worth today?

Last sold for AED 965,000 in 2024

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27 May 2024SoldReady
AED 965,000AED 1,024 per sqft
10 May 2024RentedNew contract
AED 85,000/yr12 months · AED 91 per sqft
1 Oct 2023RentedRenewal
AED 79,558/yr6 months · AED 85 per sqft
1 Oct 2022RentedNew contract
AED 72,000/yr12 months · AED 77 per sqft
10 Aug 2022SoldReady
AED 780,000AED 828 per sqft
5 Dec 2016Sold by developerOff-plan
AED 814,888AED 865 per sqft

Source: Dubai Land Department. Updated 27 May 2024.

Key facts

Type
2-bed apartment
Size
942 sqft
Floor
3rd of 7
Parking
P-66
Developer
Nshmi Development
Completed
2020
Service charge
AED 16,000 /yr
Last sold
AED 965K · May 2024

About 315, Hayat Boulevard 1B

315 is a two-bedroom apartment of 942 sqft on the 3rd floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 27 May 2024 for AED 965,000, or AED 1,024 per sqft, 17% above the AED 872 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 May 2024, is AED 85,000 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 16,000 a year.

Sales and rents for 315 over time

Sales
Unit 315, each saleTypical two-bed in Hayat Boulevard 1B
800K1M1.2M2016201920222025Typical sale price by year: 2016 AED 881,888; 2017 AED 881,888; 2020 AED 799,888; 2021 AED 900,888; 2022 AED 780,000; 2023 AED 845,000; 2024 AED 927,500; 2025 AED 1,100,000; 2026 AED 1,195,000Sold by developer, December 2016: AED 814,888 (AED 865 per sqft)Sold, August 2022: AED 780,000 (AED 828 per sqft)Sold, May 2024: AED 965,000 (AED 1,024 per sqft)

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

Rents
Unit 315, each contractTypical two-bed in Hayat Boulevard 1B
40K60K80K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 45,000; 2022 AED 49,500; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 80,000; 2026 AED 82,000New contract, October 2022: AED 72,000 a yearRenewal, October 2023: AED 79,558 a yearNew contract, May 2024: AED 85,000 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 Hayat Boulevard 1B, and where 315 sits

All 69 2-beds →

315 last sold in May 2024 at AED 1,024 per sqft, 17% above what two-beds in Hayat Boulevard 1B were fetching at the time (AED 872). Over the last 12 months two-beds sold for AED 1,100,000 to 1,350,000, around AED 1,247 per sqft, and rent for AED 45,500 to 100,000 a year. 315's AED 85,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20261,350,000
25 Aug 20261,140,000
14 Jul 20261,250,000
13 Jul 20261,100,000
7 2-bed sales in the last 12 months

Hayat Boulevard 1B

Building

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

Typical price per sqft
AED 1,244 Up 3.6%
Typical sale
AED 1.13M
Typical rent
AED 65K /yr
Typical yield
7.3%
Hayat Boulevard 1B, Town Square: prices, sales and rents →

Other units on the 3rd floor

All 195 units in Hayat Boulevard 1B
Value
3012-bedAED 884K · Dec 2017
3023-bedAED 1.12M · Jan 2021
3031-bedAED 650K · Nov 2016
3041-bedAED 600K · Nov 2016
3051-bedAED 639K · Jan 2017
306StudioAED 421K · Jul 2021
3071-bedAED 600K · Nov 2016
1–7 of 28

315, Hayat Boulevard 1B in numbers

  • Sold 3 times: first on 5 December 2016 for AED 814,888, last on 27 May 2024 for AED 965,000 (AED 1,024 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 72,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 8.8%, before a service charge of about AED 16,000 a year (AED 16.97 per sqft).
  • Two-beds in Hayat Boulevard 1B sold for AED 1,100,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,244 per sqft.

Source: Dubai Land Department. Updated 27 May 2024.

Questions about 315, Hayat Boulevard 1B

What did unit 315 last sell for?

AED 965,000 on 27 May 2024: AED 1,024 per sqft for 942 sqft. The unit has 3 registered sales; the first was AED 814,888 in December 2016.

What is the rent for unit 315?

AED 85,000 a year on the contract signed on 10 May 2024. The previous contract, from October 2023, was AED 79,558; the unit has been rented since October 2022.

How big is unit 315?

942 sqft (87.5 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2020.

What is unit 315 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Hayat Boulevard 1B sold for AED 1,100,000 to 1,350,000 in the last 12 months, around AED 1,247 per sqft.

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Mortgage on 315, Hayat Boulevard 1B

Starts from the last sale price (AED 965K, 27 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 965,000
Deposit, UAE resident (20%)
AED 193,000
Deposit, non-resident (40%)
AED 386,000
Monthly over 25 years at 3.7%
AED 3,948

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