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2-bed · 998 sqftHayat Boulevard 1B, Town Square · 7th floor · completed 2020

722, Hayat Boulevard 1B

Sold prices and rental history: sold twice, last in March 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 722 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 870K25 March 2024
Current rentAED 57K /yr27 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 722, Hayat Boulevard 1B

What is 722 worth today?

Last sold for AED 870,000 in 2024

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25 Mar 2024SoldReady
AED 870,000AED 872 per sqft
27 Dec 2023RentedRenewal
AED 57,425/yr6 months · AED 58 per sqft
27 Dec 2022RentedRenewal
AED 54,600/yr12 months · AED 55 per sqft
27 Dec 2021RentedNew contract
AED 52,000/yr12 months · AED 52 per sqft
25 Apr 2017Sold by developerOff-plan
AED 929,888AED 953 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
2-bed apartment
Size
998 sqft
Floor
7th of 7
Parking
P-134
Developer
Nshmi Development
Completed
2020
Service charge
AED 16,900 /yr
Last sold
AED 870K · March 2024
Building
Hayat Boulevard 1B

About 722, Hayat Boulevard 1B

722 is a two-bedroom apartment of 998 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 25 March 2024 for AED 870,000, or AED 872 per sqft, in line with the AED 872 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 27 December 2023, is AED 57,425 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 16,900 a year.

Sales and rents for 722 over time

Sales
Unit 722, 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, April 2017: AED 929,888 (AED 953 per sqft)Sold, March 2024: AED 870,000 (AED 872 per sqft)

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

Rents
Unit 722, 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, December 2021: AED 52,000 a yearRenewal, December 2022: AED 54,600 a yearRenewal, December 2023: AED 57,425 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 722 sits

All 69 2-beds →

722 last sold in March 2024 at AED 872 per sqft, in line with 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. 722's AED 57,425 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
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

722, Hayat Boulevard 1B in numbers

  • Sold twice: first on 25 April 2017 for AED 929,888, last on 25 March 2024 for AED 870,000 (AED 872 per sqft).
  • Rented since December 2021 on 3 Ejari contracts, from AED 52,000 to AED 57,425 a year.
  • At AED 57,425 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 16,900 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 25 March 2024.

Questions about 722, Hayat Boulevard 1B

What did unit 722 last sell for?

AED 870,000 on 25 March 2024: AED 872 per sqft for 998 sqft. The unit has 2 registered sales; the first was AED 929,888 in April 2017.

What is the rent for unit 722?

AED 57,425 a year on the contract renewed on 27 December 2023. The previous contract, from December 2022, was AED 54,600; the unit has been rented since December 2021.

How big is unit 722?

998 sqft (92.7 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2020.

What is unit 722 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 722, Hayat Boulevard 1B

Starts from the last sale price (AED 870K, 25 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 870,000
Deposit, UAE resident (20%)
AED 174,000
Deposit, non-resident (40%)
AED 348,000
Monthly over 25 years at 3.7%
AED 3,559

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