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2-bed · 1,101 sqftHayat Boulevard 1B, Town Square · 7th floor · completed 2020

723, Hayat Boulevard 1B

Sold prices and rental history: sold twice, last in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 723 · DLD and Ejari recordsUpdated 16 August 2023
Last soldAED 900K16 August 2023
Current rentAED 61K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 723, Hayat Boulevard 1B

What is 723 worth today?

Last sold for AED 900,000 in 2023

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16 Aug 2023SoldReady
AED 900,000AED 817 per sqft
1 Sep 2022RentedRenewal
AED 60,500/yr12 months · AED 55 per sqft
1 Sep 2021RentedNew contract
AED 55,000/yr12 months · AED 50 per sqft
13 Apr 2021Sold by developerReady
AED 899,888AED 817 per sqft

Source: Dubai Land Department. Updated 16 August 2023.

Key facts

Type
2-bed apartment
Size
1,101 sqft
Floor
7th of 7
Parking
P-135
Developer
Nshmi Development
Completed
2020
Service charge
AED 18,700 /yr
Last sold
AED 900K · August 2023
Building
Hayat Boulevard 1B

About 723, Hayat Boulevard 1B

723 is a two-bedroom apartment of 1,101 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 16 August 2023 for AED 900,000, or AED 817 per sqft, 10% below the AED 910 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 60,500 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 18,700 a year.

Sales and rents for 723 over time

Sales
Unit 723, 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 2021: AED 899,888 (AED 817 per sqft)Sold, August 2023: AED 900,000 (AED 817 per sqft)

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

Rents
Unit 723, 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 55,000 a yearRenewal, September 2022: AED 60,500 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 723 sits

All 69 2-beds →

723 last sold in August 2023 at AED 817 per sqft, 10% below what two-beds in Hayat Boulevard 1B were fetching at the time (AED 910). 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. 723's AED 60,500 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

723, Hayat Boulevard 1B in numbers

  • Sold twice: first on 13 April 2021 for AED 899,888, last on 16 August 2023 for AED 900,000 (AED 817 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, from AED 55,000 to AED 60,500 a year.
  • At AED 60,500 a year the gross yield on the 2023 price is 6.7%, 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 16 August 2023.

Questions about 723, Hayat Boulevard 1B

What did unit 723 last sell for?

AED 900,000 on 16 August 2023: AED 817 per sqft for 1,101 sqft. The unit has 2 registered sales; the first was AED 899,888 in April 2021.

What is the rent for unit 723?

AED 60,500 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 55,000.

How big is unit 723?

1,101 sqft (102.3 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2020.

What is unit 723 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 723, Hayat Boulevard 1B

Starts from the last sale price (AED 900K, 16 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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