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3-bed · 1,340 sqftSafi Apartments 1A, Town Square · 5th floor · completed 2018

523, Safi Apartments 1A

Sold prices and rental history: sold twice, last in July 2023, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 523 · DLD and Ejari recordsUpdated 14 July 2023
Last soldAED 1.1M14 July 2023
Current rentAED 140K /yr10 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 523, Safi Apartments 1A

What is 523 worth today?

Last sold for AED 1,100,000 in 2023

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14 Jul 2023SoldReady
AED 1,100,000AED 820 per sqft
10 Jun 2022RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
19 Jul 2020Sold by developerReady
AED 1,035,888AED 773 per sqft

Source: Dubai Land Department. Updated 14 July 2023.

Key facts

Type
3-bed apartment
Size
1,340 sqft
Floor
5th of 7
Parking
P-286
Developer
Nshmi Development
Completed
2018
Service charge
AED 20,500 /yr
Last sold
AED 1.1M · July 2023
Building
Safi Apartments 1A

About 523, Safi Apartments 1A

523 is a three-bedroom apartment of 1,340 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 14 July 2023 for AED 1,100,000, or AED 820 per sqft, 45% above the AED 566 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 June 2022. The current contract, signed on 10 June 2022, is AED 140,000 a year: a gross yield of 12.7% on the 2023 price, before the service charge of about AED 20,500 a year.

Sales and rents for 523 over time

Sales
Unit 523, 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 1,035,888 (AED 773 per sqft)Sold, July 2023: AED 1,100,000 (AED 820 per sqft)

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

Rents
Unit 523, each contractTypical three-bed in Safi Apartments 1A
100K150K2019202120232025Typical 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, June 2022: AED 140,000 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 523 sits

All 36 3-beds →

523 last sold in July 2023 at AED 820 per sqft, 45% above what three-beds in Safi Apartments 1A were fetching at the time (AED 566). 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. 523's AED 140,000 is at the top 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 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

523, Safi Apartments 1A in numbers

  • Sold twice: first on 19 July 2020 for AED 1,035,888, last on 14 July 2023 for AED 1,100,000 (AED 820 per sqft).
  • Rented since June 2022 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2023 price is 12.7%, before a service charge of about AED 20,500 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 14 July 2023.

Questions about 523, Safi Apartments 1A

What did unit 523 last sell for?

AED 1,100,000 on 14 July 2023: AED 820 per sqft for 1,340 sqft. The unit has 2 registered sales; the first was AED 1,035,888 in July 2020.

What is the rent for unit 523?

AED 140,000 a year on the contract signed on 10 June 2022.

How big is unit 523?

1,340 sqft (124.5 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 523 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 523, Safi Apartments 1A

Starts from the last sale price (AED 1.1M, 14 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →