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2-bed · 881 sqftSafi Apartments 1A, Town Square · 3rd floor · completed 2018

307, Safi Apartments 1A

Sold prices and rental history: sold 3 times, last in May 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 650K20 May 2021
Current rentAED 85K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 307, Safi Apartments 1A

What is 307 worth today?

Last sold for AED 650,000 in 2021

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1 Dec 2024RentedRenewal
AED 85,000/yr12 months · AED 97 per sqft
1 Dec 2022RentedRenewal
AED 65,000/yr12 months · AED 74 per sqft
20 May 2021SoldReady
AED 650,000AED 737 per sqft
9 Jan 2020SoldReady
AED 610,000AED 692 per sqft
15 Sep 2015Sold by developerOff-plan
AED 792,888AED 899 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
3rd of 7
Parking
P-365
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 650K · May 2021
Building
Safi Apartments 1A

About 307, Safi Apartments 1A

307 is a two-bedroom apartment of 881 sqft on the 3rd floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 20 May 2021 for AED 650,000, or AED 737 per sqft, in line with the AED 746 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 85,000 a year: a gross yield of 13.1% on the 2021 price, before the service charge of about AED 13,500 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in Safi Apartments 1A
750K1M20152018202120242027Typical sale price by year: 2015 AED 801,388; 2016 AED 881,888; 2018 AED 803,888; 2019 AED 660,000; 2020 AED 665,000; 2021 AED 650,000; 2022 AED 730,000; 2023 AED 800,000; 2024 AED 920,000; 2025 AED 1,095,000; 2026 AED 1,050,000Sold by developer, September 2015: AED 792,888 (AED 899 per sqft)Sold, January 2020: AED 610,000 (AED 692 per sqft)Sold, May 2021: AED 650,000 (AED 737 per sqft)

307 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 307, each contractTypical two-bed in Safi Apartments 1A
40K60K80K20192021202320252027Typical rent by year: 2019 AED 52,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 80,000; 2026 AED 74,000Renewal, December 2022: AED 65,000 a yearRenewal, December 2024: AED 85,000 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 Safi Apartments 1A, and where 307 sits

All 93 2-beds →

307 last sold in May 2021 at AED 737 per sqft, in line with what two-beds in Safi Apartments 1A were fetching at the time (AED 746). Over the last 12 months two-beds sold for AED 1,000,000 to 1,280,000, around AED 1,172 per sqft, and rent for AED 68,250 to 90,000 a year. 307's AED 85,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20261,200,000
28 Jan 20261,050,000
23 Jan 20261,030,000
9 Jan 20261,000,000
8 2-bed sales 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 3rd floor

All 156 units in Safi Apartments 1A
Value
3012-bedAED 824K · Oct 2015
3023-bedAED 1M · Sep 2020
3032-bedAED 880K · Jul 2024
3042-bedAED 826K · Apr 2024
3052-bedAED 650K · Jun 2021
3063-bedAED 1.4M · Feb 2025
3082-bedAED 840K · May 2023
1–7 of 22

307, Safi Apartments 1A in numbers

  • Sold 3 times: first on 15 September 2015 for AED 792,888, last on 20 May 2021 for AED 650,000 (AED 737 per sqft).
  • Rented since December 2022 on 2 Ejari contracts, from AED 65,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 13.1%, before a service charge of about AED 13,500 a year (AED 15.28 per sqft).
  • Two-beds in Safi Apartments 1A sold for AED 1,000,000–1,280,000 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 1 December 2024.

Questions about 307, Safi Apartments 1A

What did unit 307 last sell for?

AED 650,000 on 20 May 2021: AED 737 per sqft for 881 sqft. The unit has 3 registered sales; the first was AED 792,888 in September 2015.

What is the rent for unit 307?

AED 85,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2022, was AED 65,000.

How big is unit 307?

881 sqft (81.8 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safi Apartments 1A sold for AED 1,000,000 to 1,280,000 in the last 12 months, around AED 1,172 per sqft.

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Mortgage on 307, Safi Apartments 1A

Starts from the last sale price (AED 650K, 20 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →