2-bed · 940 sqftHayat Boulevard 2B, Town Square · 4th floor · completed 2020

414, Hayat Boulevard 2B

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 790K19 June 2023
Current rentAED 63K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 414, Hayat Boulevard 2B

What is 414 worth today?

Last sold for AED 790,000 in 2023

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1 Sep 2024RentedRenewal
AED 62,500/yr12 months · AED 67 per sqft
7 Aug 2023RentedNew contract
AED 55,000/yr13 months · AED 59 per sqft
19 Jun 2023SoldReady
AED 790,000AED 840 per sqft
4 Jul 2022RentedNew contract
AED 49,733/yr12 months · AED 53 per sqft
4 Aug 2021RentedNew contract
AED 45,000/yr14 months · AED 48 per sqft
15 Oct 2020RentedNew contract
AED 45,000/yr12 months · AED 48 per sqft
27 Jul 2020Sold by developerReady
AED 860,888AED 915 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
940 sqft
Floor
4th of 7
Parking
P-367
Developer
Nshmi Development
Completed
2020
Service charge
AED 16,000 /yr
Last sold
AED 790K · June 2023

About 414, Hayat Boulevard 2B

414 is a two-bedroom apartment of 940 sqft on the 4th floor of Hayat Boulevard 2B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 19 June 2023 for AED 790,000, or AED 840 per sqft, 6% above the AED 792 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 62,500 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 16,000 a year.

Sales and rents for 414 over time

Sales
Unit 414, each saleTypical two-bed in Hayat Boulevard 2B
800K1M2017202020232026Typical sale price by year: 2017 AED 925,888; 2018 AED 903,888; 2020 AED 851,888; 2021 AED 852,888; 2022 AED 720,000; 2023 AED 785,000; 2024 AED 997,500; 2026 AED 1,115,000Sold by developer, July 2020: AED 860,888 (AED 915 per sqft)Sold, June 2023: AED 790,000 (AED 840 per sqft)

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

Rents
Unit 414, each contractTypical two-bed in Hayat Boulevard 2B
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 45,000; 2022 AED 51,700; 2023 AED 62,825; 2024 AED 75,000; 2025 AED 80,000; 2026 AED 82,000New contract, October 2020: AED 45,000 a yearNew contract, August 2021: AED 45,000 a yearNew contract, July 2022: AED 49,733 a yearNew contract, August 2023: AED 55,000 a yearRenewal, September 2024: AED 62,500 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 2B, and where 414 sits

All 40 2-beds →

414 last sold in June 2023 at AED 840 per sqft, 6% above what two-beds in Hayat Boulevard 2B were fetching at the time (AED 792). Over the last 12 months two-beds sold for AED 950,000 to 1,225,000, around AED 1,149 per sqft, and rent for AED 50,000 to 100,000 a year. 414's AED 62,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20261,225,000
27 Jul 20261,080,000
22 Apr 20261,150,000
7 Apr 2026950,000
6 2-bed sales in the last 12 months

Hayat Boulevard 2B

Building

90 apartments, studios to 4-bed over 7 floors in Town Square, completed in 2020 by Nshmi Development. 9 sold in the last 12 months.

Typical price per sqft
AED 1,151
Typical sale
AED 1.15M
Typical rent
AED 76K /yr
Typical yield
7.7%
Hayat Boulevard 2B, Town Square: prices, sales and rents →

Other units on the 4th floor

All 90 units in Hayat Boulevard 2B
Value
4012-bedAED 720K · May 2023
4023-bedAED 1.04M · Jun 2020
4031-bedAED 611K · Sep 2020
4041-bedAED 591K · Aug 2020
4051-bedAED 606K · Sep 2020
406StudioAED 400K · Aug 2020
4071-bedAED 591K · Aug 2020
1–7 of 13

414, Hayat Boulevard 2B in numbers

  • Sold twice: first on 27 July 2020 for AED 860,888, last on 19 June 2023 for AED 790,000 (AED 840 per sqft).
  • Rented since October 2020 on 5 Ejari contracts, from AED 45,000 to AED 62,500 a year.
  • At AED 62,500 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 16,000 a year (AED 16.97 per sqft).
  • Two-beds in Hayat Boulevard 2B sold for AED 950,000–1,225,000 in the 12 months to November 2026; the building's median across all types is AED 1,151 per sqft.

Source: Dubai Land Department. Updated 1 September 2024.

Questions about 414, Hayat Boulevard 2B

What did unit 414 last sell for?

AED 790,000 on 19 June 2023: AED 840 per sqft for 940 sqft. The unit has 2 registered sales; the first was AED 860,888 in July 2020.

What is the rent for unit 414?

AED 62,500 a year on the contract renewed on 1 September 2024. The previous contract, from August 2023, was AED 55,000; the unit has been rented since October 2020.

How big is unit 414?

940 sqft (87.3 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2020.

What is unit 414 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 2B sold for AED 950,000 to 1,225,000 in the last 12 months, around AED 1,149 per sqft.

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Mortgage on 414, Hayat Boulevard 2B

Starts from the last sale price (AED 790K, 19 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

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