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2-bed · 935 sqftHayat Boulevard 1B, Town Square · 2nd floor · completed 2020

224, Hayat Boulevard 1B

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 224 · DLD and Ejari recordsUpdated 5 March 2025
Last soldAED 841K1 November 2020
Current rentAED 80K /yr5 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 224, Hayat Boulevard 1B

What is 224 worth today?

Last sold for AED 840,888 in 2020

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5 Mar 2025RentedNew contract
AED 80,000/yr12 months · AED 85 per sqft
2 Mar 2024RentedNew contract
AED 80,000/yr12 months · AED 86 per sqft
1 Mar 2023RentedRenewal
AED 55,000/yr12 months · AED 59 per sqft
1 Mar 2021RentedNew contract
AED 47,500/yr12 months · AED 51 per sqft
1 Nov 2020Sold by developerReady
AED 840,888AED 898 per sqft

Source: Dubai Land Department. Updated 5 March 2025.

Key facts

Type
2-bed apartment
Size
935 sqft
Floor
2nd of 7
Parking
P-83
Developer
Nshmi Development
Completed
2020
Service charge
AED 15,900 /yr
Last sold
AED 841K · November 2020
Building
Hayat Boulevard 1B

About 224, Hayat Boulevard 1B

224 is a two-bedroom apartment of 935 sqft on the 2nd floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. The developer sold it on 1 November 2020 for AED 840,888, or AED 898 per sqft, in line with the AED 873 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 5 March 2025, is AED 80,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 15,900 a year.

Sales and rents for 224 over time

Sales
Unit 224, each saleTypical two-bed in Hayat Boulevard 1B
800K1M2016201920222025Typical sale price by year: 2016 AED 875,388; 2017 AED 883,888; 2020 AED 799,888; 2021 AED 900,888; 2022 AED 780,000; 2023 AED 845,000; 2024 AED 927,500; 2025 AED 1,073,000Sold by developer, November 2020: AED 840,888 (AED 898 per sqft)

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

Rents
Unit 224, each contractTypical two-bed in Hayat Boulevard 1B
50K75K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 80,000; 2026 AED 90,000New contract, March 2021: AED 47,500 a yearRenewal, March 2023: AED 55,000 a yearNew contract, March 2024: AED 80,000 a yearNew contract, March 2025: AED 80,000 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 224 sits

All 64 2-beds →

224 last sold in November 2020 at AED 898 per sqft, in line with what two-beds in Hayat Boulevard 1B were fetching at the time (AED 873). Over the last 12 months two-beds sold for AED 1,150,000, around AED 1,309 per sqft, and rent for AED 45,500 to 100,000 a year. 224's AED 80,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jun 20251,073,000
11 Jun 20251,100,000
15 May 20251,050,000
18 Mar 20251,000,000
1 2-bed 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 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

224, Hayat Boulevard 1B in numbers

  • Sold once: by Nshmi Development on 1 November 2020 for AED 840,888, or AED 898 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 47,500 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 15,900 a year (AED 16.97 per sqft).
  • Two-beds in Hayat Boulevard 1B sold for AED 1,150,000–1,150,000 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 5 March 2025.

Questions about 224, Hayat Boulevard 1B

What did unit 224 last sell for?

AED 840,888 on 1 November 2020, sold by the developer: AED 898 per sqft for 935 sqft. It is the only registered sale of the unit.

What is the rent for unit 224?

AED 80,000 a year on the contract signed on 5 March 2025. The previous contract, from March 2024, was AED 80,000; the unit has been rented since March 2021.

How big is unit 224?

935 sqft (86.9 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2020.

What is unit 224 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 1,150,000 to 1,150,000 in the last 12 months, around AED 1,309 per sqft.

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Mortgage on 224, Hayat Boulevard 1B

Starts from the last sale price (AED 841K, 1 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 840,888
Deposit, UAE resident (20%)
AED 168,178
Deposit, non-resident (40%)
AED 336,355
Monthly over 25 years at 3.7%
AED 3,440

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