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2-bed · 882 sqftSafi Apartments 1A, Town Square · 7th floor · completed 2018

704, Safi Apartments 1A

Sold prices and rental history: sold 3 times, last in July 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 10 May 2025
Last soldAED 630K27 July 2022
Current rentAED 45K /yr10 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Safi Apartments 1A

What is 704 worth today?

Last sold for AED 630,000 in 2022

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10 May 2025RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
10 May 2024RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
27 Jul 2022SoldReady
AED 630,000AED 714 per sqft
5 May 2022RentedRenewal
AED 45,000/yr12 months · AED 51 per sqft
3 May 2021RentedRenewal
AED 44,759/yr12 months · AED 51 per sqft
3 May 2020RentedNew contract
AED 45,000/yr12 months · AED 51 per sqft
15 Jul 2019SoldReady
AED 800,000AED 906 per sqft
1 May 2019RentedNew contract
AED 50,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 10 May 2025.

Key facts

Type
2-bed apartment
Size
882 sqft
Floor
7th of 7
Parking
P-314
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 630K · July 2022
Building
Safi Apartments 1A

About 704, Safi Apartments 1A

704 is a two-bedroom apartment of 882 sqft on the 7th floor of Safi Apartments 1A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 27 July 2022 for AED 630,000, or AED 714 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 10 May 2025, is AED 45,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 13,500 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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 743,888 (AED 843 per sqft)Sold, July 2019: AED 800,000 (AED 906 per sqft)Sold, July 2022: AED 630,000 (AED 714 per sqft)

704 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 704, 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, May 2019: AED 50,000 a yearNew contract, May 2020: AED 45,000 a yearRenewal, May 2021: AED 44,759 a yearRenewal, May 2022: AED 45,000 a yearRenewal, May 2024: AED 45,000 a yearRenewal, May 2025: AED 45,000 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 704 sits

All 93 2-beds →

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. 704's AED 45,000 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 7th floor

All 156 units in Safi Apartments 1A
Value
7012-bedAED 850K · Oct 2015
7023-bedAED 1.25M · Oct 2015
7032-bedAED 798K · Jun 2016
7053-bedAED 1.43M · Dec 2017
7062-bedAED 818K · Oct 2015
7072-bedAED 1.05M · Feb 2025
7081-bedAED 604K · Sep 2024
1–7 of 20

704, Safi Apartments 1A in numbers

  • Sold 3 times: first on 19 October 2015 for AED 743,888, last on 27 July 2022 for AED 630,000 (AED 714 per sqft).
  • Rented since May 2019 on 6 Ejari contracts, from AED 50,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 7.1%, 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 10 May 2025.

Questions about 704, Safi Apartments 1A

What did unit 704 last sell for?

AED 630,000 on 27 July 2022: AED 714 per sqft for 882 sqft. The unit has 3 registered sales; the first was AED 743,888 in October 2015.

What is the rent for unit 704?

AED 45,000 a year on the contract renewed on 10 May 2025. The previous contract, from May 2024, was AED 45,000; the unit has been rented since May 2019.

How big is unit 704?

882 sqft (81.9 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2018.

What is unit 704 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 704, Safi Apartments 1A

Starts from the last sale price (AED 630K, 27 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 630,000
Deposit, UAE resident (20%)
AED 126,000
Deposit, non-resident (40%)
AED 252,000
Monthly over 25 years at 3.7%
AED 2,578

Plus AED 31,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →