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Studio · 328 sqftHayat Boulevard 1B, Town Square · 1st floor · completed 2020

116, Hayat Boulevard 1B

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

Unit 116 · DLD and Ejari recordsUpdated 20 October 2025
Last soldAED 426K15 August 2021
Current rentAED 28K /yr20 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Hayat Boulevard 1B

What is 116 worth today?

Last sold for AED 425,888 in 2021

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20 Oct 2025RentedRenewal
AED 28,000/yr12 months · AED 87 per sqft
20 Oct 2024RentedRenewal
AED 26,000/yr12 months · AED 81 per sqft
20 Oct 2022RentedRenewal
AED 23,000/yr12 months · AED 71 per sqft
20 Oct 2021RentedNew contract
AED 20,000/yr12 months · AED 62 per sqft
15 Aug 2021Sold by developerReady
AED 425,888AED 1,299 per sqft

Source: Dubai Land Department. Updated 20 October 2025.

Key facts

Type
Studio apartment
Size
328 sqft
Floor
1st of 7
Parking
G-48
Developer
Nshmi Development
Completed
2020
Service charge
AED 5,600 /yr
Last sold
AED 426K · August 2021
Building
Hayat Boulevard 1B

About 116, Hayat Boulevard 1B

116 is a studio of 328 sqft on the 1st floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. The developer sold it on 15 August 2021 for AED 425,888, or AED 1,299 per sqft, in line with the AED 1,299 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 20 October 2025, is AED 28,000 a year: a gross yield of 6.6% on the 2021 price, before the service charge of about AED 5,600 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Hayat Boulevard 1B
400K2016201920222025Typical sale price by year: 2016 AED 419,888; 2017 AED 410,888; 2020 AED 359,888; 2021 AED 420,888; 2023 AED 364,000; 2024 AED 475,000Sold by developer, August 2021: AED 425,888 (AED 1,299 per sqft)

116 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 116, each contractTypical studio in Hayat Boulevard 1B
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 20,000; 2022 AED 23,000; 2023 AED 28,000; 2024 AED 31,500; 2025 AED 38,000New contract, October 2021: AED 20,000 a yearRenewal, October 2022: AED 23,000 a yearRenewal, October 2024: AED 26,000 a yearRenewal, October 2025: AED 28,000 a year

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

Studios in Hayat Boulevard 1B, and where 116 sits

All 21 studios →

116 last sold in August 2021 at AED 1,299 per sqft, in line with what studios in Hayat Boulevard 1B were fetching at the time (AED 1,299). Over the last 12 months studios sold for AED 525,000, around AED 1,678 per sqft, and rent for AED 40,000 to 40,000 a year.

Recent studio salesUnit no.Price (AED)Summary
11 Dec 2025525,000
17 Feb 2025495,000
19 Dec 2024460,000
11 Dec 2024475,000
1 studio sale 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. 2 sold in the last 12 months.

Typical price per sqft
AED 1,494
Typical sale
AED 838K
Typical rent
AED 67K /yr
Typical yield
6.4%
Hayat Boulevard 1B, Town Square: prices, sales and rents →

Other units on the 1st floor

All 195 units in Hayat Boulevard 1B
Value
1012-bedAED 948K · Jan 2017
1023-bedAED 1.78M · Oct 2024
1032-bedAED 1.25M · Dec 2023
1042-bedAED 789K · Nov 2016
105AED 500K · Oct 2025
1061-bedAED 475K · Jan 2021
1071-bedAED 657K · May 2021
1–7 of 29

116, Hayat Boulevard 1B in numbers

  • Sold once: by Nshmi Development on 15 August 2021 for AED 425,888, or AED 1,299 per sqft.
  • Rented since October 2021 on 4 Ejari contracts, from AED 20,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2021 price is 6.6%, before a service charge of about AED 5,600 a year (AED 16.97 per sqft).
  • Studios in Hayat Boulevard 1B sold for AED 525,000–525,000 in the 12 months to November 2026; the building's median across all types is AED 1,494 per sqft.

Source: Dubai Land Department. Updated 20 October 2025.

Questions about 116, Hayat Boulevard 1B

What did unit 116 last sell for?

AED 425,888 on 15 August 2021, sold by the developer: AED 1,299 per sqft for 328 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 28,000 a year on the contract renewed on 20 October 2025. The previous contract, from October 2024, was AED 26,000; the unit has been rented since October 2021.

How big is unit 116?

328 sqft (30.5 sqm): a studio on the 1st floor of a 7-storey tower completed in 2020.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Hayat Boulevard 1B sold for AED 525,000 to 525,000 in the last 12 months, around AED 1,678 per sqft.

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Mortgage on 116, Hayat Boulevard 1B

Starts from the last sale price (AED 426K, 15 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 425,888
Deposit, UAE resident (20%)
AED 85,178
Deposit, non-resident (40%)
AED 170,355
Monthly over 25 years at 3.7%
AED 1,742

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