2-bed · 897 sqftHayat Boulevard 1B, Town Square · 7th floor · completed 2020

703, Hayat Boulevard 1B

Sold prices and rental history: sold twice, last in June 2024, and rented once, from April 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 11 June 2024
Last soldAED 930K11 June 2024
Current rentAED 70K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Hayat Boulevard 1B

What is 703 worth today?

Last sold for AED 930,000 in 2024

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11 Jun 2024SoldReady
AED 930,000AED 1,037 per sqft
1 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
17 Nov 2016Sold by developerOff-plan
AED 905,888AED 1,010 per sqft

Source: Dubai Land Department. Updated 11 June 2024.

Key facts

Type
2-bed apartment
Size
897 sqft
Floor
7th of 7
Parking
P-108
Developer
Nshmi Development
Completed
2020
Service charge
AED 15,200 /yr
Last sold
AED 930K · June 2024

About 703, Hayat Boulevard 1B

703 is a two-bedroom apartment of 897 sqft on the 7th floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 11 June 2024 for AED 930,000, or AED 1,037 per sqft, 19% above the AED 872 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2023. The current contract, signed on 1 April 2023, is AED 70,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 15,200 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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 905,888 (AED 1,010 per sqft)Sold, June 2024: AED 930,000 (AED 1,037 per sqft)

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

Rents
Unit 703, 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, April 2023: AED 70,000 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 703 sits

All 69 2-beds →

703 last sold in June 2024 at AED 1,037 per sqft, 19% 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. 703's AED 70,000 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 7th floor

All 195 units in Hayat Boulevard 1B
Value
7012-bedAED 936K · Sep 2017
7023-bedAED 1.25M · Jun 2021
704StudioAED 440K · Jan 2018
7051-bedAED 608K · Jan 2017
7064-bedAED 2.1M · Oct 2024
7072-bedAED 1.18M · Oct 2017
7082-bedAED 600K · May 2021
1–7 of 24

703, Hayat Boulevard 1B in numbers

  • Sold twice: first on 17 November 2016 for AED 905,888, last on 11 June 2024 for AED 930,000 (AED 1,037 per sqft).
  • Rented since April 2023 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 7.5%, 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 11 June 2024.

Questions about 703, Hayat Boulevard 1B

What did unit 703 last sell for?

AED 930,000 on 11 June 2024: AED 1,037 per sqft for 897 sqft. The unit has 2 registered sales; the first was AED 905,888 in November 2016.

What is the rent for unit 703?

AED 70,000 a year on the contract signed on 1 April 2023.

How big is unit 703?

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

What is unit 703 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 703, Hayat Boulevard 1B

Starts from the last sale price (AED 930K, 11 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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