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3-bed · 1,769 sqftSafi Apartments 1A, Town Square · 1st floor · completed 2018

123, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 18 April 2025
Last soldAED 1.3M18 October 2015
Current rentAED 128K /yr18 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Safi Apartments 1A

What is 123 worth today?

Last sold for AED 1,299,888 in 2015

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18 Apr 2025RentedNew contract
AED 128,000/yr12 months · AED 72 per sqft
1 Aug 2023RentedNew contract
AED 105,000/yr12 months · AED 59 per sqft
11 Jul 2022RentedNew contract
AED 78,000/yr12 months · AED 44 per sqft
11 Jul 2020RentedRenewal
AED 82,000/yr12 months · AED 46 per sqft
18 Oct 2015Sold by developerOff-plan
AED 1,299,888AED 734 per sqft

Source: Dubai Land Department. Updated 18 April 2025.

Key facts

Type
3-bed apartment
Size
1,769 sqft
Floor
1st of 7
Parking
P-255
Developer
Nshmi Development
Completed
2018
Service charge
AED 27,000 /yr
Last sold
AED 1.3M · October 2015
Building
Safi Apartments 1A

About 123, Safi Apartments 1A

123 is a three-bedroom apartment of 1,769 sqft on the 1st floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 18 October 2015 for AED 1,299,888, or AED 734 per sqft, 12% below the AED 830 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 18 April 2025, is AED 128,000 a year: a gross yield of 9.8% on the 2015 price, before the service charge of about AED 27,000 a year.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical three-bed in Safi Apartments 1A
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,185,888; 2017 AED 1,425,888; 2018 AED 1,175,388; 2020 AED 1,014,888; 2024 AED 1,450,000; 2025 AED 1,600,000Sold by developer, October 2015: AED 1,299,888 (AED 734 per sqft)

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

Rents
Unit 123, each contractTypical three-bed in Safi Apartments 1A
100K2019202120232025Typical rent by year: 2019 AED 75,000; 2020 AED 65,000; 2021 AED 66,000; 2022 AED 74,000; 2023 AED 80,000; 2024 AED 89,100; 2025 AED 115,000Renewal, July 2020: AED 82,000 a yearNew contract, July 2022: AED 78,000 a yearNew contract, August 2023: AED 105,000 a yearNew contract, April 2025: AED 128,000 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 Safi Apartments 1A, and where 123 sits

All 36 3-beds →

123 last sold in October 2015 at AED 734 per sqft, 12% below what three-beds in Safi Apartments 1A were fetching at the time (AED 830). Over the last 12 months three-beds sold for AED 1,765,000, around AED 1,243 per sqft, and rent for AED 60,000 to 135,000 a year. 123's AED 128,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20261,765,000
13 May 20251,825,000
1 May 20251,600,000
4 Feb 20251,400,000
1 3-bed sale in the last 12 months

Safi Apartments 1A

Building

156 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 10 sold in the last 12 months.

Typical price per sqft
AED 1,172 Up 5.8%
Typical sale
AED 1.14M
Typical rent
AED 72K /yr
Typical yield
7.2%
Safi Apartments 1A, Town Square: prices, sales and rents →

Other units on the 1st floor

All 156 units in Safi Apartments 1A
Value
1012-bedAED 995K · May 2017
1023-bedAED 1.58M · Oct 2015
1032-bedAED 1.25M · Jul 2025
1042-bedAED 1.03M · Jan 2026
1052-bedAED 800K · Oct 2015
1063-bedAED 1000K · Jul 2020
1072-bedAED 815K · Jun 2024
1–7 of 22

123, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 18 October 2015 for AED 1,299,888, or AED 734 per sqft.
  • Rented since July 2020 on 4 Ejari contracts, from AED 82,000 to AED 128,000 a year.
  • At AED 128,000 a year the gross yield on the 2015 price is 9.8%, before a service charge of about AED 27,000 a year (AED 15.28 per sqft).
  • Three-beds in Safi Apartments 1A sold for AED 1,765,000–1,765,000 in the 12 months to November 2026; the building's median across all types is AED 1,172 per sqft.

Source: Dubai Land Department. Updated 18 April 2025.

Questions about 123, Safi Apartments 1A

What did unit 123 last sell for?

AED 1,299,888 on 18 October 2015, sold by the developer: AED 734 per sqft for 1,769 sqft. It is the only registered sale of the unit.

What is the rent for unit 123?

AED 128,000 a year on the contract signed on 18 April 2025. The previous contract, from August 2023, was AED 105,000; the unit has been rented since July 2020.

How big is unit 123?

1,769 sqft (164.3 sqm): a three-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 123 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Safi Apartments 1A sold for AED 1,765,000 to 1,765,000 in the last 12 months, around AED 1,243 per sqft.

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Mortgage on 123, Safi Apartments 1A

Starts from the last sale price (AED 1.3M, 18 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,299,888
Deposit, UAE resident (20%)
AED 259,978
Deposit, non-resident (40%)
AED 519,955
Monthly over 25 years at 3.7%
AED 5,318

Plus AED 59,606 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →