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2-bed · 1,070 sqftSafi Apartments 1B, Town Square · 1st floor · completed 2018

117, 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.

Unit 117 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 819K19 October 2015
Current rentAED 70K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 117, Safi Apartments 1B

What is 117 worth today?

Last sold for AED 818,888 in 2015

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1 Jul 2025RentedRenewal
AED 70,000/yr12 months · AED 66 per sqft
1 Jul 2024RentedRenewal
AED 70,000/yr12 months · AED 66 per sqft
1 Jul 2022RentedRenewal
AED 48,400/yr12 months · AED 45 per sqft
1 Jul 2021RentedRenewal
AED 44,000/yr12 months · AED 41 per sqft
1 Jul 2019RentedNew contract
AED 57,000/yr12 months · AED 53 per sqft
19 Oct 2015Sold by developerOff-plan
AED 818,888AED 764 per sqft

Source: Dubai Land Department. Updated 1 July 2025.

Key facts

Type
2-bed apartment
Size
1,070 sqft
Floor
1st of 7
Parking
P-474
Developer
Nshmi Development
Completed
2018
Last sold
AED 819K · October 2015
Building
Safi Apartments 1B

About 117, Safi Apartments 1B

117 is a two-bedroom apartment of 1,070 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 818,888, or AED 764 per sqft, 13% below the AED 874 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 1 July 2025, is AED 70,000 a year: a gross yield of 8.6% on the 2015 price.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical two-bed in Safi Apartments 1B
750K1M2015201820212024Typical sale price by year: 2015 AED 812,888; 2016 AED 851,388; 2018 AED 855,444; 2019 AED 670,000; 2020 AED 712,944; 2021 AED 660,000; 2023 AED 760,000; 2024 AED 1,025,000; 2025 AED 1,150,000Sold by developer, October 2015: AED 818,888 (AED 764 per sqft)

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

Rents
Unit 117, each contractTypical two-bed in Safi Apartments 1B
40K60K80K2019202120232025Typical rent by year: 2019 AED 55,000; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 49,500; 2023 AED 55,650; 2024 AED 69,025; 2025 AED 77,375New contract, July 2019: AED 57,000 a yearRenewal, July 2021: AED 44,000 a yearRenewal, July 2022: AED 48,400 a yearRenewal, July 2024: AED 70,000 a yearRenewal, July 2025: AED 70,000 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 1B, and where 117 sits

All 66 2-beds →

117 last sold in October 2015 at AED 764 per sqft, 13% below what two-beds in Safi Apartments 1B were fetching at the time (AED 874). Over the last 12 months two-beds sold for AED 1,190,000 to 1,200,000, around AED 1,281 per sqft, and rent for AED 66,150 to 105,000 a year. 117's AED 70,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20261,200,000
2 Feb 20261,190,000
17 Dec 20251,200,000
10 Dec 20251,200,000
4 2-bed sales in the last 12 months

Safi Apartments 1B

Building

181 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%
Safi Apartments 1B, Town Square: prices, sales and rents →

Other units on the 1st floor

All 181 units in Safi Apartments 1B
Value
1012-bedAED 995K · May 2017
1023-bedAED 1.78M · Jul 2025
1032-bedAED 900K · Oct 2015
1042-bedAED 821K · Jul 2020
105StudioAED 350K · Jun 2023
1061-bedAED 650K · Oct 2015
1073-bedAED 580K · Sep 2022
1–7 of 27

117, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 818,888, or AED 764 per sqft.
  • Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 57,000 to AED 44,000 in 2021 and recovered to AED 70,000 by July 2025.
  • At AED 70,000 a year the gross yield on the 2015 price is 8.6%.
  • Two-beds in Safi Apartments 1B sold for AED 1,190,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,281 per sqft.

Source: Dubai Land Department. Updated 1 July 2025.

Questions about 117, Safi Apartments 1B

What did unit 117 last sell for?

AED 818,888 on 19 October 2015, sold by the developer: AED 764 per sqft for 1,070 sqft. It is the only registered sale of the unit.

What is the rent for unit 117?

AED 70,000 a year on the contract renewed on 1 July 2025. The previous contract, from July 2024, was AED 70,000; the unit has been rented since July 2019.

How big is unit 117?

1,070 sqft (99.4 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 117 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 1B sold for AED 1,190,000 to 1,200,000 in the last 12 months, around AED 1,281 per sqft.

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Mortgage on 117, Safi Apartments 1B

Starts from the last sale price (AED 819K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 818,888
Deposit, UAE resident (20%)
AED 163,778
Deposit, non-resident (40%)
AED 327,555
Monthly over 25 years at 3.7%
AED 3,350

Plus AED 39,404 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →