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

512, Safi Apartments 1A

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 803K19 October 2015
Current rentAED 55K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 512, Safi Apartments 1A

What is 512 worth today?

Last sold for AED 802,888 in 2015

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20 Jul 2024RentedRenewal
AED 55,000/yr12 months · AED 62 per sqft
20 Jul 2023RentedRenewal
AED 50,000/yr12 months · AED 57 per sqft
20 Jul 2022RentedRenewal
AED 44,000/yr12 months · AED 50 per sqft
19 Oct 2015Sold by developerOff-plan
AED 802,888AED 911 per sqft

Source: Dubai Land Department. Updated 20 July 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
5th of 7
Parking
P-339
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 803K · October 2015
Building
Safi Apartments 1A

About 512, Safi Apartments 1A

512 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. The developer sold it on 19 October 2015 for AED 802,888, or AED 911 per sqft, 6% above the AED 859 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 55,000 a year: a gross yield of 6.9% on the 2015 price, before the service charge of about AED 13,500 a year.

Sales and rents for 512 over time

Sales
Unit 512, 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 802,888 (AED 911 per sqft)

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

Rents
Unit 512, 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, July 2022: AED 44,000 a yearRenewal, July 2023: AED 50,000 a yearRenewal, July 2024: AED 55,000 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 512 sits

All 93 2-beds →

512 last sold in October 2015 at AED 911 per sqft, 6% above what two-beds in Safi Apartments 1A were fetching at the time (AED 859). 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. 512's AED 55,000 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 5th floor

All 156 units in Safi Apartments 1A
Value
5012-bedAED 834K · Oct 2015
5023-bedAED 1.19M · Oct 2015
5032-bedAED 747K · Oct 2015
5042-bedAED 850K · Apr 2024
5052-bedAED 734K · Sep 2015
5063-bedAED 1.4M · Oct 2024
5072-bedAED 613K · Aug 2019
1–7 of 22

512, Safi Apartments 1A in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 802,888, or AED 911 per sqft.
  • Rented since July 2022 on 3 Ejari contracts, from AED 44,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2015 price is 6.9%, 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 20 July 2024.

Questions about 512, Safi Apartments 1A

What did unit 512 last sell for?

AED 802,888 on 19 October 2015, sold by the developer: AED 911 per sqft for 881 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 55,000 a year on the contract renewed on 20 July 2024. The previous contract, from July 2023, was AED 50,000; the unit has been rented since July 2022.

How big is unit 512?

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

What is unit 512 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 512, Safi Apartments 1A

Starts from the last sale price (AED 803K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 802,888
Deposit, UAE resident (20%)
AED 160,578
Deposit, non-resident (40%)
AED 321,155
Monthly over 25 years at 3.7%
AED 3,285

Plus AED 38,732 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →