Home
Dubai prices
About
Research
3-bed · 1,378 sqftHayat Boulevard 1B, Town Square · 2nd floor · completed 2020

228, Hayat Boulevard 1B

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

Unit 228 · DLD and Ejari recordsUpdated 10 November 2023
Last soldAED 1.35M10 November 2023
Current rentAED 60K /yr22 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 228

Property timeline for 228, Hayat Boulevard 1B

What is 228 worth today?

Last sold for AED 1,350,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Nov 2023SoldReady
AED 1,350,000AED 979 per sqft
22 Sep 2022RentedRenewal
AED 60,176/yr11 months · AED 44 per sqft
22 Sep 2021RentedRenewal
AED 55,000/yr12 months · AED 40 per sqft
22 Sep 2020RentedNew contract
AED 55,000/yr12 months · AED 40 per sqft
9 Feb 2017Sold by developerOff-plan
AED 1,188,888AED 875 per sqft

Source: Dubai Land Department. Updated 10 November 2023.

Key facts

Type
3-bed apartment
Size
1,378 sqft
Floor
2nd of 7
Parking
P-106
Developer
Nshmi Development
Completed
2020
Service charge
AED 23,400 /yr
Last sold
AED 1.35M · November 2023
Building
Hayat Boulevard 1B

About 228, Hayat Boulevard 1B

228 is a three-bedroom apartment of 1,378 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 10 November 2023 for AED 1,350,000, or AED 979 per sqft, 46% above the AED 671 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 22 September 2022, is AED 60,176 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 23,400 a year.

Sales and rents for 228 over time

Sales
Unit 228, each saleTypical three-bed in Hayat Boulevard 1B
1.2M1.4M20172019202120232025Typical 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, February 2017: AED 1,188,888 (AED 875 per sqft)Sold, November 2023: AED 1,350,000 (AED 979 per sqft)

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

Rents
Unit 228, each contractTypical three-bed in Hayat Boulevard 1B
50K100K2020202220242026Typical 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, September 2020: AED 55,000 a yearRenewal, September 2021: AED 55,000 a yearRenewal, September 2022: AED 60,176 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 228 sits

All 23 3-beds →

228 last sold in November 2023 at AED 979 per sqft, 46% above what three-beds in Hayat Boulevard 1B were fetching at the time (AED 671).

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

228, Hayat Boulevard 1B in numbers

  • Sold twice: first on 9 February 2017 for AED 1,188,888, last on 10 November 2023 for AED 1,350,000 (AED 979 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 55,000 to AED 60,176 a year.
  • At AED 60,176 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 23,400 a year (AED 16.97 per sqft).

Source: Dubai Land Department. Updated 10 November 2023.

Questions about 228, Hayat Boulevard 1B

What did unit 228 last sell for?

AED 1,350,000 on 10 November 2023: AED 979 per sqft for 1,378 sqft. The unit has 2 registered sales; the first was AED 1,188,888 in February 2017.

What is the rent for unit 228?

AED 60,176 a year on the contract renewed on 22 September 2022. The previous contract, from September 2021, was AED 55,000; the unit has been rented since September 2020.

How big is unit 228?

1,378 sqft (128.0 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2020.

What is unit 228 worth today?

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

Selling 228? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 228, Hayat Boulevard 1B

Starts from the last sale price (AED 1.35M, 10 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

Plus AED 61,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →