2-bed · 881 sqftSafi Apartments 1A, Town Square · 5th floor · completed 2018

507, Safi Apartments 1A

Sold prices and rental history: sold twice, last in August 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 507 · DLD and Ejari recordsUpdated 22 September 2024

Last soldAED 613K27 August 2019

Current rentAED 70K /yr22 September 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 507, Safi Apartments 1A

Today

What is 507 worth today?

Last sold for AED 613,000 in 2019

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22 Sep 2024

22 Sep 2024RentedRenewal

AED 70,000/yr12 months · AED 79 per sqft

22 Sep 2023

22 Sep 2023RentedNew contract

AED 68,000/yr12 months · AED 77 per sqft

15 Jun 2022

15 Jun 2022RentedNew contract

AED 57,000/yr12 months · AED 65 per sqft

8 Aug 2020

8 Aug 2020RentedNew contract

AED 45,000/yr12 months · AED 51 per sqft

1 Nov 2019

1 Nov 2019RentedNew contract

AED 50,000/yr12 months · AED 57 per sqft

27 Aug 2019

27 Aug 2019SoldReady

AED 613,000AED 695 per sqft

25 Oct 2015

25 Oct 2015Sold by developerOff-plan

AED 802,888AED 911 per sqft

Source: Dubai Land Department. Updated 22 September 2024.

Key facts

Type: 2-bed apartment
Size: 881 sqft
Floor: 5th of 7
Parking: P-329
Developer: Nshmi Development
Completed: 2018
Service charge: AED 13,500 /yr
Last sold: AED 613K · August 2019
Building: Safi Apartments 1A

About 507, Safi Apartments 1A

507 is a two-bedroom apartment of 881 sqft on the 5th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 27 August 2019 for AED 613,000, or AED 695 per sqft, 21% below the AED 883 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 22 September 2024, is AED 70,000 a year: a gross yield of 11.4% on the 2019 price, before the service charge of about AED 13,500 a year.

Sales and rents for 507 over time

Sales

Unit 507, each saleTypical two-bed in Safi Apartments 1A

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

Rents

Unit 507, each contractTypical two-bed in Safi Apartments 1A

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 507 sits

All 93 2-beds →

2-beds in Safi Apartments 1A · last 12 months1,172 /sqft Safi Apartments 1A · all types1,172 /sqft

507 last sold in August 2019 at AED 695 per sqft, 21% below what two-beds in Safi Apartments 1A were fetching at the time (AED 883). 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. 507's AED 70,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
16 Feb 202616 February 2026	937 sqft	1,200,000	1,281
28 Jan 202628 January 2026	882 sqft	1,050,000	1,190
23 Jan 202623 January 2026	931 sqft	1,030,000	1,106
9 Jan 20269 January 2026	937 sqft	1,000,000	1,067

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 5th floor

All 156 units in Safi Apartments 1A


501	2-bed	937 sqft	AED 834KAED 833,888 · Oct 2015October 2015	67,200 /yr
502	3-bed	1,419 sqft	AED 1.19MAED 1,185,888 · Oct 2015October 2015	105,000 /yr
503	2-bed	964 sqft	AED 747KAED 746,888 · Oct 2015October 2015	75,000 /yr
504	2-bed	931 sqft	AED 850KAED 850,000 · Apr 2024April 2024	76,500 /yr
505	2-bed	882 sqft	AED 734KAED 733,888 · Sep 2015September 2015	70,000 /yr
506	3-bed	1,408 sqft	AED 1.4MAED 1,400,000 · Oct 2024October 2024	120,000 /yr
508	2-bed	883 sqft	AED 620KAED 620,000 · Jan 2020January 2020
509	1-bed	628 sqft	AED 650KAED 650,000 · Nov 2023November 2023	30,000 /yr
510	1-bed	628 sqft	AED 565KAED 564,888 · Sep 2015September 2015	44,100 /yr
511	2-bed	883 sqft	AED 850KAED 850,000 · Aug 2023August 2023	70,000 /yr
512	2-bed	881 sqft	AED 803KAED 802,888 · Oct 2015October 2015	55,000 /yr
513	3-bed	1,408 sqft	AED 1.5MAED 1,500,000 · Nov 2024November 2024	80,000 /yr
514	2-bed	882 sqft	AED 748KAED 747,888 · Oct 2015October 2015
515	2-bed	466 sqft	AED 766KAED 765,888 · Oct 2015October 2015	58,000 /yr
516	2-bed	964 sqft	AED 1.05MAED 1,050,000 · Feb 2025February 2025	72,450 /yr
517	3-bed	1,419 sqft	AED 870KAED 870,000 · Mar 2020March 2020	135,000 /yr
518	2-bed	937 sqft	AED 1MAED 1,000,000 · Jan 2026January 2026	95,000 /yr
519	1-bed	573 sqft	AED 504KAED 503,988 · Oct 2015October 2015	43,200 /yr
520	2-bed	976 sqft	AED 821KAED 820,888 · Oct 2015October 2015	82,000 /yr
521	2-bed	1,041 sqft	AED 1.08MAED 1,075,000 · Sep 2024September 2024	90,000 /yr
522	2-bed	905 sqft	AED 901KAED 900,888 · Jul 2017July 2017	65,000 /yr
523	3-bed	1,340 sqft	AED 1.1MAED 1,100,000 · Jul 2023July 2023	140,000 /yr

1–7 of 22

507, Safi Apartments 1A in numbers

Sold twice: first on 25 October 2015 for AED 802,888, last on 27 August 2019 for AED 613,000 (AED 695 per sqft).
Rented since November 2019 on 5 Ejari contracts, from AED 50,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2019 price is 11.4%, 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 22 September 2024.

Questions about 507, Safi Apartments 1A

What did unit 507 last sell for?

AED 613,000 on 27 August 2019: AED 695 per sqft for 881 sqft. The unit has 2 registered sales; the first was AED 802,888 in October 2015.

What is the rent for unit 507?

AED 70,000 a year on the contract renewed on 22 September 2024. The previous contract, from September 2023, was AED 68,000; the unit has been rented since November 2019.

How big is unit 507?

881 sqft (81.8 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 507 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 507, Safi Apartments 1A

Starts from the last sale price (AED 613K, 27 August 2019). Switch to today's estimate once you have unlocked it.

Price: AED 613,000
Deposit, UAE resident (20%): AED 122,600
Deposit, non-resident (40%): AED 245,200
Monthly over 25 years at 3.7%: AED 2,508

Plus AED 30,756 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →