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3-bed · 1,415 sqftHayat Boulevard 1B, Town Square · 2nd floor · completed 2020

223, Hayat Boulevard 1B

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

Unit 223 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.1M7 August 2023
Current rentAED 130K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Hayat Boulevard 1B

What is 223 worth today?

Last sold for AED 1,100,000 in 2023

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15 Nov 2024RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
7 Aug 2023SoldReady
AED 1,100,000AED 777 per sqft
15 Jul 2023RentedNew contract
AED 80,000/yr12 months · AED 57 per sqft
15 Jul 2023RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
15 Jul 2022RentedRenewal
AED 75,000/yr12 months · AED 53 per sqft
15 Jul 2021RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
29 Jun 2021Sold by developerReady
AED 1,225,888AED 866 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
3-bed apartment
Size
1,415 sqft
Floor
2nd of 7
Parking
P-91
Developer
Nshmi Development
Completed
2020
Service charge
AED 24,000 /yr
Last sold
AED 1.1M · August 2023
Building
Hayat Boulevard 1B

About 223, Hayat Boulevard 1B

223 is a three-bedroom apartment of 1,415 sqft on the 2nd floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 7 August 2023 for AED 1,100,000, or AED 777 per sqft, 38% above the AED 564 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 November 2024, is AED 130,000 a year: a gross yield of 11.8% on the 2023 price, before the service charge of about AED 24,000 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical three-bed in Hayat Boulevard 1B
1.2M1.4M1.6M20172019202120232025Typical sale price by year: 2017 AED 1,258,888; 2020 AED 1,154,888; 2021 AED 1,240,888; 2023 AED 1,350,888; 2024 AED 1,525,000Sold by developer, June 2021: AED 1,225,888 (AED 866 per sqft)Sold, August 2023: AED 1,100,000 (AED 777 per sqft)

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

Rents
Unit 223, each contractTypical three-bed in Hayat Boulevard 1B
100K2020202220242026Typical rent by year: 2020 AED 65,000; 2021 AED 70,000; 2022 AED 74,900; 2023 AED 78,588; 2024 AED 115,000; 2025 AED 120,000New contract, July 2021: AED 75,000 a yearRenewal, July 2022: AED 75,000 a yearNew contract, July 2023: AED 80,000 a yearRenewal, July 2023: AED 80,000 a yearNew contract, November 2024: AED 130,000 a year

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

3-beds in Hayat Boulevard 1B, and where 223 sits

All 23 3-beds →

223 last sold in August 2023 at AED 777 per sqft, 38% above what three-beds in Hayat Boulevard 1B were fetching at the time (AED 564).

Recent 3-bed salesUnit no.Price (AED)Summary
28 Oct 20241,550,000
17 Oct 20241,775,000
24 Jul 20241,400,000
23 Jul 20241,500,000
0 3-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. 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 2nd floor

All 195 units in Hayat Boulevard 1B
Value
2012-bedAED 871K · Dec 2017
2023-bedAED 1.19M · Nov 2016
2031-bedAED 227K · Dec 2022
2041-bedAED 591K · Jan 2018
2051-bedAED 704K · Oct 2024
206StudioAED 460K · Dec 2024
2071-bedAED 675K · May 2024
1–7 of 27

223, Hayat Boulevard 1B in numbers

  • Sold twice: first on 29 June 2021 for AED 1,225,888, last on 7 August 2023 for AED 1,100,000 (AED 777 per sqft).
  • Rented since July 2021 on 5 Ejari contracts, from AED 75,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 11.8%, before a service charge of about AED 24,000 a year (AED 16.97 per sqft).

Source: Dubai Land Department. Updated 15 November 2024.

Questions about 223, Hayat Boulevard 1B

What did unit 223 last sell for?

AED 1,100,000 on 7 August 2023: AED 777 per sqft for 1,415 sqft. The unit has 2 registered sales; the first was AED 1,225,888 in June 2021.

What is the rent for unit 223?

AED 130,000 a year on the contract signed on 15 November 2024. The previous contract, from July 2023, was AED 80,000; the unit has been rented since July 2021.

How big is unit 223?

1,415 sqft (131.5 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2020.

What is unit 223 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 223, Hayat Boulevard 1B

Starts from the last sale price (AED 1.1M, 7 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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