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2-bed · 897 sqftHayat Boulevard 1B, Town Square · 6th floor · completed 2020

603, Hayat Boulevard 1B

Sold prices and rental history: sold twice, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 27 July 2023
Last soldAED 840K27 July 2023
Current rentAED 58K /yr11 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Hayat Boulevard 1B

What is 603 worth today?

Last sold for AED 840,000 in 2023

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27 Jul 2023SoldReady
AED 840,000AED 936 per sqft
11 Mar 2022RentedNew contract
AED 58,000/yr12 months · AED 65 per sqft
19 Jun 2021RentedNew contract
AED 52,000/yr12 months · AED 58 per sqft
25 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 61 per sqft
17 Nov 2016Sold by developerOff-plan
AED 849,888AED 947 per sqft

Source: Dubai Land Department. Updated 27 July 2023.

Key facts

Type
2-bed apartment
Size
897 sqft
Floor
6th of 7
Parking
P-147
Developer
Nshmi Development
Completed
2020
Service charge
AED 15,200 /yr
Last sold
AED 840K · July 2023
Building
Hayat Boulevard 1B

About 603, Hayat Boulevard 1B

603 is a two-bedroom apartment of 897 sqft on the 6th floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 27 July 2023 for AED 840,000, or AED 936 per sqft, 13% above the AED 828 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 11 March 2022, is AED 58,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 15,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, November 2016: AED 849,888 (AED 947 per sqft)Sold, July 2023: AED 840,000 (AED 936 per sqft)

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

Rents
Unit 603, 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 2020: AED 55,000 a yearNew contract, June 2021: AED 52,000 a yearNew contract, March 2022: AED 58,000 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 603 sits

All 69 2-beds →

603 last sold in July 2023 at AED 936 per sqft, 13% above what two-beds in Hayat Boulevard 1B were fetching at the time (AED 828). 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. 603's AED 58,000 is in the lower 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 6th floor

All 195 units in Hayat Boulevard 1B
Value
6012-bedAED 923K · Jul 2017
6023-bedAED 1.5M · Feb 2023
604StudioAED 525K · Dec 2025
6051-bedAED 649K · Dec 2016
6061-bedAED 721K · Nov 2016
6071-bedAED 475K · Mar 2023
6082-bedAED 950K · Oct 2024
1–7 of 24

603, Hayat Boulevard 1B in numbers

  • Sold twice: first on 17 November 2016 for AED 849,888, last on 27 July 2023 for AED 840,000 (AED 936 per sqft).
  • Rented since October 2020 on 3 Ejari contracts, from AED 55,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 15,200 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 July 2023.

Questions about 603, Hayat Boulevard 1B

What did unit 603 last sell for?

AED 840,000 on 27 July 2023: AED 936 per sqft for 897 sqft. The unit has 2 registered sales; the first was AED 849,888 in November 2016.

What is the rent for unit 603?

AED 58,000 a year on the contract signed on 11 March 2022. The previous contract, from June 2021, was AED 52,000; the unit has been rented since October 2020.

How big is unit 603?

897 sqft (83.3 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2020.

What is unit 603 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 603, Hayat Boulevard 1B

Starts from the last sale price (AED 840K, 27 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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