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2-bed · 1,391 sqftSafi Apartments 1B, Town Square · 1st floor · completed 2018

124, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 124 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 978K19 October 2015
Current rentAED 61K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 124, Safi Apartments 1B

What is 124 worth today?

Last sold for AED 977,888 in 2015

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15 Oct 2025RentedRenewal
AED 60,984/yr12 months · AED 44 per sqft
15 Oct 2021RentedRenewal
AED 48,000/yr12 months · AED 35 per sqft
15 Oct 2019RentedNew contract
AED 55,000/yr12 months · AED 40 per sqft
19 Oct 2015Sold by developerOff-plan
AED 977,888AED 703 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
2-bed apartment
Size
1,391 sqft
Floor
1st of 7
Parking
P-470
Developer
Nshmi Development
Completed
2018
Last sold
AED 978K · October 2015
Building
Safi Apartments 1B

About 124, Safi Apartments 1B

124 is a two-bedroom apartment of 1,391 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 977,888, or AED 703 per sqft, 20% below the AED 874 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 October 2025, is AED 60,984 a year: a gross yield of 6.2% on the 2015 price.

Sales and rents for 124 over time

Sales
Unit 124, 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 977,888 (AED 703 per sqft)

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

Rents
Unit 124, 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, October 2019: AED 55,000 a yearRenewal, October 2021: AED 48,000 a yearRenewal, October 2025: AED 60,984 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 124 sits

All 66 2-beds →

124 last sold in October 2015 at AED 703 per sqft, 20% 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. 124's AED 60,984 is at the bottom 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

124, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 977,888, or AED 703 per sqft.
  • Rented since October 2019 on 3 Ejari contracts. The rent fell from AED 55,000 to AED 48,000 in 2021 and recovered to AED 60,984 by October 2025.
  • At AED 60,984 a year the gross yield on the 2015 price is 6.2%.
  • 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 15 October 2025.

Questions about 124, Safi Apartments 1B

What did unit 124 last sell for?

AED 977,888 on 19 October 2015, sold by the developer: AED 703 per sqft for 1,391 sqft. It is the only registered sale of the unit.

What is the rent for unit 124?

AED 60,984 a year on the contract renewed on 15 October 2025. The previous contract, from October 2021, was AED 48,000; the unit has been rented since October 2019.

How big is unit 124?

1,391 sqft (129.2 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2018.

What is unit 124 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 124, Safi Apartments 1B

Starts from the last sale price (AED 978K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 977,888
Deposit, UAE resident (20%)
AED 195,578
Deposit, non-resident (40%)
AED 391,155
Monthly over 25 years at 3.7%
AED 4,001

Plus AED 46,082 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →