1-bed · 608 sqftHayat Boulevard 2B, Town Square · 5th floor · completed 2020

507, Hayat Boulevard 2B

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 650K10 May 2024
Current rentAED 50K /yr27 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Hayat Boulevard 2B

What is 507 worth today?

Last sold for AED 650,000 in 2024

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10 May 2024SoldReady
AED 650,000AED 1,068 per sqft
27 Mar 2023RentedNew contract
AED 50,000/yr12 months · AED 82 per sqft
23 Feb 2023SoldReady
AED 550,000AED 904 per sqft
23 Sep 2021RentedNew contract
AED 40,000/yr12 months · AED 65 per sqft
22 May 2018Sold by developerOff-plan
AED 630,888AED 1,037 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
1-bed apartment
Size
608 sqft
Floor
5th of 7
Parking
P-328
Developer
Nshmi Development
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 650K · May 2024

About 507, Hayat Boulevard 2B

507 is a one-bedroom apartment of 608 sqft on the 5th floor of Hayat Boulevard 2B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 10 May 2024 for AED 650,000, or AED 1,068 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 27 March 2023, is AED 50,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 10,300 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical one-bed in Hayat Boulevard 2B
550K600K650K20172019202120232025Typical sale price by year: 2017 AED 608,888; 2018 AED 632,888; 2020 AED 602,888; 2021 AED 645,888; 2024 AED 620,000Sold by developer, May 2018: AED 630,888 (AED 1,037 per sqft)Sold, February 2023: AED 550,000 (AED 904 per sqft)Sold, May 2024: AED 650,000 (AED 1,068 per sqft)

507 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 507, each contractTypical one-bed in Hayat Boulevard 2B
40K60K2020202220242026Typical rent by year: 2020 AED 30,000; 2021 AED 31,000; 2022 AED 35,000; 2023 AED 40,900; 2024 AED 53,000; 2025 AED 58,000; 2026 AED 57,250New contract, September 2021: AED 40,000 a yearNew contract, March 2023: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Hayat Boulevard 2B, and where 507 sits

All 19 1-beds →

507's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jul 2025770,000
9 Apr 2025705,000
29 May 2024620,000
14 Feb 2024590,000
0 1-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 5th floor

All 90 units in Hayat Boulevard 2B
Value
5012-bedAED 958K · Jan 2018
5023-bedAED 1.6M · Dec 2024
5031-bedAED 681K · Mar 2018
5041-bedAED 600K · Nov 2020
5051-bedAED 646K · Jul 2021
506StudioAED 420K · Jul 2024
5083-bedAED 1M · Jul 2020
1–7 of 13

507, Hayat Boulevard 2B in numbers

  • Sold 3 times: first on 22 May 2018 for AED 630,888, last on 10 May 2024 for AED 650,000 (AED 1,068 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, from AED 40,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 10,300 a year (AED 16.97 per sqft).

Source: Dubai Land Department. Updated 10 May 2024.

Questions about 507, Hayat Boulevard 2B

What did unit 507 last sell for?

AED 650,000 on 10 May 2024: AED 1,068 per sqft for 608 sqft. The unit has 3 registered sales; the first was AED 630,888 in May 2018.

What is the rent for unit 507?

AED 50,000 a year on the contract signed on 27 March 2023. The previous contract, from September 2021, was AED 40,000.

How big is unit 507?

608 sqft (56.5 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2020.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 507, Hayat Boulevard 2B

Starts from the last sale price (AED 650K, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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