2-bed · 884 sqftHayat Boulevard 1B, Town Square · 7th floor · completed 2020

712, Hayat Boulevard 1B

Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 15 August 2025
Last soldAED 882K24 November 2016
Current rentAED 85K /yr15 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Hayat Boulevard 1B

What is 712 worth today?

Last sold for AED 881,888 in 2016

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15 Aug 2025RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
19 Dec 2024RentedRenewal
AED 85,000/yr12 months · AED 96 per sqft
19 Dec 2023RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
25 Aug 2023RentedRenewal
AED 52,250/yr12 months · AED 59 per sqft
25 Aug 2022RentedRenewal
AED 47,250/yr12 months · AED 54 per sqft
25 Aug 2021RentedNew contract
AED 45,000/yr12 months · AED 51 per sqft
15 Aug 2020RentedNew contract
AED 40,000/yr12 months · AED 45 per sqft
24 Nov 2016Sold by developerOff-plan
AED 881,888AED 997 per sqft

Source: Dubai Land Department. Updated 15 August 2025.

Key facts

Type
2-bed apartment
Size
884 sqft
Floor
7th of 7
Parking
P-111
Developer
Nshmi Development
Completed
2020
Service charge
AED 15,000 /yr
Last sold
AED 882K · November 2016

About 712, Hayat Boulevard 1B

712 is a two-bedroom apartment of 884 sqft on the 7th floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. The developer sold it on 24 November 2016 for AED 881,888, or AED 997 per sqft, 5% above the AED 947 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 15 August 2025, is AED 85,000 a year: a gross yield of 9.6% on the 2016 price, before the service charge of about AED 15,000 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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 881,888 (AED 997 per sqft)

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

Rents
Unit 712, each contractTypical two-bed in Hayat Boulevard 1B
50K75K2020202220242026Typical 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, August 2020: AED 40,000 a yearNew contract, August 2021: AED 45,000 a yearRenewal, August 2022: AED 47,250 a yearRenewal, August 2023: AED 52,250 a yearNew contract, December 2023: AED 85,000 a yearRenewal, December 2024: AED 85,000 a yearNew contract, August 2025: 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 712 sits

All 69 2-beds →

712 last sold in November 2016 at AED 997 per sqft, 5% above what two-beds in Hayat Boulevard 1B were fetching at the time (AED 947). 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. 712'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 7th floor

All 195 units in Hayat Boulevard 1B
Value
7012-bedAED 936K · Sep 2017
7023-bedAED 1.25M · Jun 2021
7032-bedAED 930K · Jun 2024
704StudioAED 440K · Jan 2018
7051-bedAED 608K · Jan 2017
7064-bedAED 2.1M · Oct 2024
7072-bedAED 1.18M · Oct 2017
1–7 of 24

712, Hayat Boulevard 1B in numbers

  • Sold once: by Nshmi Development on 24 November 2016 for AED 881,888, or AED 997 per sqft.
  • Rented since August 2020 on 7 Ejari contracts, from AED 40,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2016 price is 9.6%, before a service charge of about AED 15,000 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 15 August 2025.

Questions about 712, Hayat Boulevard 1B

What did unit 712 last sell for?

AED 881,888 on 24 November 2016, sold by the developer: AED 997 per sqft for 884 sqft. It is the only registered sale of the unit.

What is the rent for unit 712?

AED 85,000 a year on the contract signed on 15 August 2025. The previous contract, from December 2024, was AED 85,000; the unit has been rented since August 2020.

How big is unit 712?

884 sqft (82.1 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2020.

What is unit 712 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 712, Hayat Boulevard 1B

Starts from the last sale price (AED 882K, 24 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 881,888
Deposit, UAE resident (20%)
AED 176,378
Deposit, non-resident (40%)
AED 352,755
Monthly over 25 years at 3.7%
AED 3,608

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