506, Hayat Boulevard 1B
Sold prices and rental history: sold twice, last in November 2021, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Hayat Boulevard 1B
What is 506 worth today?
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Source: Dubai Land Department. Updated 20 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 313 sqft
- Floor
- 5th of 7
- Parking
- G-67
- Developer
- Nshmi Development
- Completed
- 2020
- Service charge
- AED 5,300 /yr
- Last sold
- AED 305K · November 2021
- Building
- Hayat Boulevard 1B
About 506, Hayat Boulevard 1B
506 is a studio of 313 sqft on the 5th floor of Hayat Boulevard 1B, a 7-storey tower in Town Square completed in 2020 by Nshmi Development. It last sold on 29 November 2021 for AED 305,000, or AED 975 per sqft, 14% below the AED 1,137 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 20 October 2025, is AED 32,000 a year: a gross yield of 10.5% on the 2021 price, before the service charge of about AED 5,300 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the studio median of each year in the building.
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 506 sits
All 21 studios →506 last sold in November 2021 at AED 975 per sqft, 14% below what studios in Hayat Boulevard 1B were fetching at the time (AED 1,137). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 313 sqft | 525,000 | 1,678 | ||
| 17 Feb 202517 February 2025 | 326 sqft | 495,000 | 1,517 | ||
| 19 Dec 202419 December 2024 | 314 sqft | 460,000 | 1,463 | ||
| 11 Dec 202411 December 2024 | 312 sqft | 475,000 | 1,520 |
Hayat Boulevard 1B
Building195 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%
Other units on the 5th floor
All 195 units in Hayat Boulevard 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 934 sqft | AED 1.1MAED 1,100,000 · Jan 2025January 2025 | 54,741 /yr | |
| 502 | 3-bed | 1,414 sqft | AED 1.23MAED 1,225,888 · May 2021May 2021 | 96,800 /yr | |
| 503 | 1-bed | 657 sqft | AED 669KAED 668,888 · Feb 2017February 2017 | 51,700 /yr | |
| 504 | 604 sqft | AED 776KAED 775,888 · Aug 2025August 2025 | 65,000 /yr | ||
| 505 | 1-bed | 655 sqft | AED 658KAED 657,888 · Sep 2017September 2017 | 72,000 /yr | |
| 507 | 1-bed | 608 sqft | AED 651KAED 650,888 · Jun 2019June 2019 | ||
| 508 | 1-bed | 680 sqft | AED 696KAED 695,888 · Feb 2017February 2017 | 65,500 /yr | |
| 509 | 1-bed | 744 sqft | AED 743KAED 742,888 · Apr 2017April 2017 | 45,500 /yr | |
| 510 | 2-bed | 938 sqft | AED 970KAED 970,000 · Nov 2024November 2024 | 68,250 /yr | |
| 511 | 2-bed | 878 sqft | AED 817KAED 816,888 · Feb 2017February 2017 | 64,000 /yr | |
| 512 | 1-bed | 623 sqft | AED 685KAED 684,888 · Sep 2018September 2018 | 50,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 657KAED 656,888 · Dec 2017December 2017 | 48,915 /yr | |
| 514 | 883 sqft | AED 1.17MAED 1,165,000 · Aug 2025August 2025 | |||
| 515 | 2-bed | 943 sqft | AED 838KAED 837,888 · Feb 2017February 2017 | 66,675 /yr | |
| 516 | 1-bed | 744 sqft | AED 742KAED 741,888 · May 2017May 2017 | 65,000 /yr | |
| 517 | 1-bed | 681 sqft | AED 683KAED 682,888 · Jan 2017January 2017 | 36,000 /yr | |
| 518 | 1-bed | 608 sqft | AED 760KAED 760,000 · May 2025May 2025 | 60,000 /yr | |
| 519 | Studio | 312 sqft | AED 350KAED 350,000 · May 2023May 2023 | 33,600 /yr | |
| 520 | 1-bed | 655 sqft | AED 627KAED 626,888 · Feb 2017February 2017 | 56,000 /yr | |
| 521 | 1-bed | 603 sqft | AED 600KAED 599,888 · Jun 2017June 2017 | 51,000 /yr | |
| 522 | 1-bed | 657 sqft | AED 636KAED 635,888 · Apr 2017April 2017 | 60,000 /yr | |
| 523 | 3-bed | 1,415 sqft | AED 1.5MAED 1,500,000 · Jul 2024July 2024 | ||
| 524 | 2-bed | 935 sqft | AED 850KAED 850,000 · Jan 2024January 2024 | 51,600 /yr | |
| 525 | 1-bed | 580 sqft | AED 641KAED 640,888 · Jul 2020July 2020 | 56,844 /yr | |
| 526 | 2-bed | 977 sqft | AED 905KAED 904,888 · Mar 2017March 2017 | 90,000 /yr | |
| 527 | 1,088 sqft | AED 1.02MAED 1,018,888 · Feb 2017February 2017 | 86,000 /yr | ||
| 528 | 901 sqft | AED 1.09MAED 1,085,000 · Aug 2025August 2025 | 45,500 /yr | ||
| 529 | 3-bed | 1,376 sqft | AED 1.26MAED 1,258,888 · Sep 2017September 2017 | 125,006 /yr |
506, Hayat Boulevard 1B in numbers
- Sold twice: first on 30 January 2017 for AED 427,888, last on 29 November 2021 for AED 305,000 (AED 975 per sqft).
- Rented since November 2020 on 6 Ejari contracts, from AED 20,000 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2021 price is 10.5%, before a service charge of about AED 5,300 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 506, Hayat Boulevard 1B
What did unit 506 last sell for?
AED 305,000 on 29 November 2021: AED 975 per sqft for 313 sqft. The unit has 2 registered sales; the first was AED 427,888 in January 2017.
What is the rent for unit 506?
AED 32,000 a year on the contract renewed on 20 October 2025. The previous contract, from October 2024, was AED 32,000; the unit has been rented since November 2020.
How big is unit 506?
313 sqft (29.1 sqm): a studio on the 5th floor of a 7-storey tower completed in 2020.
What is unit 506 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 506, Hayat Boulevard 1B
Starts from the last sale price (AED 305K, 29 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 305,000
- Deposit, UAE resident (20%)
- AED 61,000
- Deposit, non-resident (40%)
- AED 122,000
- Monthly over 25 years at 3.7%
- AED 1,248
Plus AED 15,720 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →