115, Safi Apartments 1B
Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 115, Safi Apartments 1B
What is 115 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 330 sqft
- Floor
- 1st of 7
- Parking
- G-320
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 351K · October 2015
- Building
- Safi Apartments 1B
About 115, Safi Apartments 1B
115 is a studio of 330 sqft on the 1st floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 19 October 2015 for AED 350,888, or AED 1,062 per sqft, 5% below the AED 1,117 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 36,195 a year: a gross yield of 10.3% on the 2015 price.
Sales and rents for 115 over time
115 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Safi Apartments 1B, and where 115 sits
All 21 studios →115 last sold in October 2015 at AED 1,062 per sqft, 5% below what studios in Safi Apartments 1B were fetching at the time (AED 1,117). 115's AED 36,195 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 330 sqft | 390,000 | 1,181 | ||
| 20 Jan 202520 January 2025 | 319 sqft | 350,000 | 1,096 | ||
| 23 Sep 202423 September 2024 | 319 sqft | 349,888 | 1,096 | ||
| 23 Sep 202423 September 2024 | 319 sqft | 450,000 | 1,409 |
Safi Apartments 1B
Building181 apartments, studios to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,281
- Typical sale
- AED 1.2M
- Typical rent
- AED 64K /yr
- Typical yield
- 7.3%
Other units on the 1st floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,391 sqft | AED 995KAED 994,888 · May 2017May 2017 | 90,000 /yr | |
| 102 | 3-bed | 2,257 sqft | AED 1.78MAED 1,780,000 · Jul 2025July 2025 | 102,843 /yr | |
| 103 | 2-bed | 1,584 sqft | AED 900KAED 899,888 · Oct 2015October 2015 | 72,500 /yr | |
| 104 | 2-bed | 929 sqft | AED 821KAED 820,888 · Jul 2020July 2020 | 80,000 /yr | |
| 105 | Studio | 319 sqft | AED 350KAED 350,000 · Jun 2023June 2023 | 37,000 /yr | |
| 106 | 1-bed | 848 sqft | AED 650KAED 649,888 · Oct 2015October 2015 | 60,000 /yr | |
| 107 | 3-bed | 1,431 sqft | AED 580KAED 580,000 · Sep 2022September 2022 | 70,000 /yr | |
| 108 | 2-bed | 1,070 sqft | AED 819KAED 818,888 · Oct 2015October 2015 | 67,000 /yr | |
| 109 | Studio | 331 sqft | AED 325KAED 325,000 · May 2022May 2022 | 30,450 /yr | |
| 110 | Studio | 330 sqft | AED 390KAED 390,000 · Jul 2025July 2025 | 34,000 /yr | |
| 111 | Studio | 330 sqft | AED 285KAED 285,000 · Sep 2022September 2022 | 40,000 /yr | |
| 112 | Studio | 334 sqft | AED 373KAED 372,888 · Oct 2015October 2015 | 36,000 /yr | |
| 113 | 327 sqft | AED 450KAED 450,000 · Sep 2025September 2025 | 38,500 /yr | ||
| 114 | Studio | 320 sqft | AED 350KAED 350,000 · Nov 2019November 2019 | ||
| 116 | Studio | 331 sqft | AED 460KAED 460,000 · Mar 2024March 2024 | 35,000 /yr | |
| 117 | 2-bed | 1,070 sqft | AED 819KAED 818,888 · Oct 2015October 2015 | 70,000 /yr | |
| 118 | 3-bed | 1,431 sqft | AED 1.19MAED 1,190,000 · Apr 2024April 2024 | 69,300 /yr | |
| 119 | 1-bed | 844 sqft | AED 620KAED 619,888 · Oct 2015October 2015 | 59,000 /yr | |
| 120 | Studio | 319 sqft | AED 413KAED 412,888 · Jul 2016July 2016 | 35,000 /yr | |
| 121 | 2-bed | 929 sqft | AED 753KAED 752,888 · Feb 2016February 2016 | 75,000 /yr | |
| 122 | 2-bed | 1,569 sqft | AED 910KAED 909,888 · Aug 2016August 2016 | 90,000 /yr | |
| 123 | 3-bed | 2,257 sqft | AED 1.6MAED 1,600,000 · May 2024May 2024 | 120,254 /yr | |
| 124 | 2-bed | 1,391 sqft | AED 978KAED 977,888 · Oct 2015October 2015 | 60,984 /yr | |
| 125 | 3-bed | 1,767 sqft | AED 1.3MAED 1,299,888 · Oct 2015October 2015 | 130,000 /yr | |
| 126 | 2-bed | 1,456 sqft | AED 864KAED 863,888 · Dec 2019December 2019 | 66,150 /yr | |
| 127 | 2-bed | 1,470 sqft | AED 1.3MAED 1,300,000 · Nov 2024November 2024 | 105,000 /yr | |
| 128 | 3-bed | 1,769 sqft | AED 1.3MAED 1,299,888 · Oct 2015October 2015 | 93,170 /yr |
115, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 19 October 2015 for AED 350,888, or AED 1,062 per sqft.
- Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 26,000 to AED 20,000 in 2021 and recovered to AED 36,195 by November 2024.
- At AED 36,195 a year the gross yield on the 2015 price is 10.3%.
Source: Dubai Land Department. Updated 1 November 2024.
Questions about 115, Safi Apartments 1B
What did unit 115 last sell for?
AED 350,888 on 19 October 2015, sold by the developer: AED 1,062 per sqft for 330 sqft. It is the only registered sale of the unit.
What is the rent for unit 115?
AED 36,195 a year on the contract renewed on 1 November 2024. The previous contract, from August 2022, was AED 24,000; the unit has been rented since August 2019.
How big is unit 115?
330 sqft (30.7 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.
What is unit 115 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 115, Safi Apartments 1B
Starts from the last sale price (AED 351K, 19 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 350,888
- Deposit, UAE resident (20%)
- AED 70,178
- Deposit, non-resident (40%)
- AED 140,355
- Monthly over 25 years at 3.7%
- AED 1,436
Plus AED 17,648 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →