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2-bed · 1,002 sqftSafi Apartments 1A, Town Square · 3rd floor · completed 2018

311, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 6 June 2020
Last soldAED 816K18 October 2015
Current rentAED 57K /yr6 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Safi Apartments 1A

What is 311 worth today?

Last sold for AED 815,888 in 2015

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6 Jun 2020RentedNew contract
AED 57,000/yr6 months · AED 57 per sqft
6 Jun 2019RentedNew contract
AED 60,000/yr12 months · AED 60 per sqft
18 Oct 2015Sold by developerOff-plan
AED 815,888AED 814 per sqft

Source: Dubai Land Department. Updated 6 June 2020.

Key facts

Type
2-bed apartment
Size
1,002 sqft
Floor
3rd of 7
Parking
P-360,P-28
Developer
Nshmi Development
Completed
2018
Service charge
AED 15,300 /yr
Last sold
AED 816K · October 2015
Building
Safi Apartments 1A

About 311, Safi Apartments 1A

311 is a two-bedroom apartment of 1,002 sqft on the 3rd 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 815,888, or AED 814 per sqft, 4% below the AED 849 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 6 June 2020, is AED 57,000 a year: a gross yield of 7.0% on the 2015 price, before the service charge of about AED 15,300 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, October 2015: AED 815,888 (AED 814 per sqft)

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

Rents
Unit 311, 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 74,000New contract, June 2019: AED 60,000 a yearNew contract, June 2020: AED 57,000 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 311 sits

All 93 2-beds →

311 last sold in October 2015 at AED 814 per sqft, 4% below what two-beds in Safi Apartments 1A were fetching at the time (AED 849). 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. 311's AED 57,000 is at the bottom 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
3072-bedAED 650K · May 2021
1–7 of 22

311, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 18 October 2015 for AED 815,888, or AED 814 per sqft.
  • Rented since June 2019 on 2 Ejari contracts, from AED 60,000 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2015 price is 7.0%, before a service charge of about AED 15,300 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 6 June 2020.

Questions about 311, Safi Apartments 1A

What did unit 311 last sell for?

AED 815,888 on 18 October 2015, sold by the developer: AED 814 per sqft for 1,002 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 57,000 a year on the contract signed on 6 June 2020. The previous contract, from June 2019, was AED 60,000.

How big is unit 311?

1,002 sqft (93.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 311 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 311, Safi Apartments 1A

Starts from the last sale price (AED 816K, 18 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 815,888
Deposit, UAE resident (20%)
AED 163,178
Deposit, non-resident (40%)
AED 326,355
Monthly over 25 years at 3.7%
AED 3,338

Plus AED 39,278 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →