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3-bed · 1,408 sqftSafi Apartments 1A, Town Square · 4th floor · completed 2018

406, Safi Apartments 1A

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

Unit 406 · DLD and Ejari recordsUpdated 23 September 2024
Last soldAED 1.01M21 July 2020
Current rentAED 125K /yr23 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Safi Apartments 1A

What is 406 worth today?

Last sold for AED 1,010,888 in 2020

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23 Sep 2024RentedNew contract
AED 125,000/yr12 months · AED 89 per sqft
12 Sep 2023RentedNew contract
AED 121,000/yr12 months · AED 86 per sqft
2 Sep 2022RentedNew contract
AED 71,500/yr12 months · AED 51 per sqft
1 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
21 Jul 2020Sold by developerReady
AED 1,010,888AED 718 per sqft

Source: Dubai Land Department. Updated 23 September 2024.

Key facts

Type
3-bed apartment
Size
1,408 sqft
Floor
4th of 7
Parking
G-337
Developer
Nshmi Development
Completed
2018
Service charge
AED 21,500 /yr
Last sold
AED 1.01M · July 2020
Building
Safi Apartments 1A

About 406, Safi Apartments 1A

406 is a three-bedroom apartment of 1,408 sqft on the 4th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 21 July 2020 for AED 1,010,888, or AED 718 per sqft, in line with the AED 718 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 23 September 2024, is AED 125,000 a year: a gross yield of 12.4% on the 2020 price, before the service charge of about AED 21,500 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, July 2020: AED 1,010,888 (AED 718 per sqft)

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

Rents
Unit 406, 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 115,000New contract, September 2020: AED 65,000 a yearNew contract, September 2022: AED 71,500 a yearNew contract, September 2023: AED 121,000 a yearNew contract, September 2024: AED 125,000 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 406 sits

All 36 3-beds →

406 last sold in July 2020 at AED 718 per sqft, in line with what three-beds in Safi Apartments 1A were fetching at the time (AED 718). 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. 406's AED 125,000 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 4th floor

All 156 units in Safi Apartments 1A
Value
4012-bedAED 950K · Aug 2024
4023-bedAED 1.77M · Feb 2026
4032-bedAED 742K · Oct 2015
4042-bedAED 746K · Oct 2015
4052-bedAED 729K · Sep 2015
4072-bedAED 940K · Oct 2024
4082-bedAED 910K · Sep 2024
1–7 of 22

406, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 21 July 2020 for AED 1,010,888, or AED 718 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 65,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 12.4%, before a service charge of about AED 21,500 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 23 September 2024.

Questions about 406, Safi Apartments 1A

What did unit 406 last sell for?

AED 1,010,888 on 21 July 2020, sold by the developer: AED 718 per sqft for 1,408 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 125,000 a year on the contract signed on 23 September 2024. The previous contract, from September 2023, was AED 121,000; the unit has been rented since September 2020.

How big is unit 406?

1,408 sqft (130.8 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2018.

What is unit 406 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 406, Safi Apartments 1A

Starts from the last sale price (AED 1.01M, 21 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,888
Deposit, UAE resident (20%)
AED 202,178
Deposit, non-resident (40%)
AED 404,355
Monthly over 25 years at 3.7%
AED 4,136

Plus AED 47,468 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →