2-bed · 1,102 sqftHayat Boulevard 1B, Town Square · 6th floor · completed 2020

623, Hayat Boulevard 1B

Sold prices and rental history: sold twice, last in January 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 623 · DLD and Ejari recordsUpdated 28 January 2025
Last soldAED 1.35M28 January 2025
Current rentAED 60K /yr24 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 623, Hayat Boulevard 1B

What is 623 worth today?

Last sold for AED 1,350,888 in 2025

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28 Jan 2025SoldReady
AED 1,350,888AED 1,225 per sqft
24 Sep 2023RentedRenewal
AED 60,000/yr12 months · AED 55 per sqft
24 Sep 2022RentedRenewal
AED 55,000/yr12 months · AED 50 per sqft
24 Sep 2022RentedNew contract
AED 55,000/yr12 months · AED 50 per sqft
24 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 46 per sqft
26 Jul 2021Sold by developerReady
AED 945,888AED 858 per sqft

Source: Dubai Land Department. Updated 28 January 2025.

Key facts

Type
2-bed apartment
Size
1,102 sqft
Floor
6th of 7
Parking
P-141
Developer
Nshmi Development
Completed
2020
Service charge
AED 18,700 /yr
Last sold
AED 1.35M · January 2025

About 623, Hayat Boulevard 1B

623 is a two-bedroom apartment of 1,102 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 28 January 2025 for AED 1,350,888, or AED 1,225 per sqft, 20% above the AED 1,020 two-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 24 September 2023, is AED 60,000 a year: a gross yield of 4.4% on the 2025 price, before the service charge of about AED 18,700 a year.

Sales and rents for 623 over time

Sales
Unit 623, each saleTypical two-bed in Hayat Boulevard 1B
1M2016201920222025Typical 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, July 2021: AED 945,888 (AED 858 per sqft)Sold, January 2025: AED 1,350,888 (AED 1,225 per sqft)

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

Rents
Unit 623, 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, September 2021: AED 50,000 a yearRenewal, September 2022: AED 55,000 a yearNew contract, September 2022: AED 55,000 a yearRenewal, September 2023: AED 60,000 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 623 sits

All 69 2-beds →

623 last sold in January 2025 at AED 1,225 per sqft, 20% above what two-beds in Hayat Boulevard 1B were fetching at the time (AED 1,020). 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. 623's AED 60,000 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
6032-bedAED 840K · Jul 2023
604StudioAED 525K · Dec 2025
6051-bedAED 649K · Dec 2016
6061-bedAED 721K · Nov 2016
6071-bedAED 475K · Mar 2023
1–7 of 24

623, Hayat Boulevard 1B in numbers

  • Sold twice: first on 26 July 2021 for AED 945,888, last on 28 January 2025 for AED 1,350,888 (AED 1,225 per sqft).
  • Rented since September 2021 on 4 Ejari contracts, from AED 50,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2025 price is 4.4%, before a service charge of about AED 18,700 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 28 January 2025.

Questions about 623, Hayat Boulevard 1B

What did unit 623 last sell for?

AED 1,350,888 on 28 January 2025: AED 1,225 per sqft for 1,102 sqft. The unit has 2 registered sales; the first was AED 945,888 in July 2021.

What is the rent for unit 623?

AED 60,000 a year on the contract renewed on 24 September 2023. The previous contract, from September 2022, was AED 55,000; the unit has been rented since September 2021.

How big is unit 623?

1,102 sqft (102.4 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2020.

What is unit 623 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 623, Hayat Boulevard 1B

Starts from the last sale price (AED 1.35M, 28 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,888
Deposit, UAE resident (20%)
AED 270,178
Deposit, non-resident (40%)
AED 540,355
Monthly over 25 years at 3.7%
AED 5,527

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