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1-bed · 633 sqftSafi Apartments 1B, Town Square · 2nd floor · completed 2018

203, Safi Apartments 1B

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 21 October 2024
Last soldAED 740K21 October 2024
Current rentAED 55K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Safi Apartments 1B

What is 203 worth today?

Last sold for AED 740,000 in 2024

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21 Oct 2024SoldReady
AED 740,000AED 1,168 per sqft
15 Sep 2024RentedNew contract
AED 55,000/yr12 months · AED 87 per sqft
15 Sep 2024RentedNew contract
AED 55,000/yr12 months · AED 87 per sqft
18 Aug 2023RentedRenewal
AED 37,000/yr12 months · AED 58 per sqft
18 Aug 2022RentedNew contract
AED 37,000/yr12 months · AED 58 per sqft
1 Jul 2021RentedNew contract
AED 29,000/yr12 months · AED 46 per sqft
1 May 2020RentedRenewal
AED 35,000/yr12 months · AED 55 per sqft
1 May 2019RentedNew contract
AED 50,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 21 October 2024.

Key facts

Type
1-bed apartment
Size
633 sqft
Floor
2nd of 7
Parking
G-314
Developer
Nshmi Development
Completed
2018
Last sold
AED 740K · October 2024
Building
Safi Apartments 1B

About 203, Safi Apartments 1B

203 is a one-bedroom apartment of 633 sqft on the 2nd floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 21 October 2024 for AED 740,000, or AED 1,168 per sqft, 8% above the AED 1,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 15 September 2024, is AED 55,000 a year: a gross yield of 7.4% on the 2024 price.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical one-bed in Safi Apartments 1B
400K600K2015201820212024Typical sale price by year: 2015 AED 570,388; 2016 AED 582,888; 2019 AED 540,000; 2021 AED 417,434; 2023 AED 499,000; 2024 AED 715,000; 2025 AED 725,000Sold by developer, October 2015: AED 580,888 (AED 917 per sqft)Sold, October 2024: AED 740,000 (AED 1,168 per sqft)

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

Rents
Unit 203, each contractTypical one-bed in Safi Apartments 1B
40K60K20192021202320252027Typical rent by year: 2019 AED 38,000; 2020 AED 34,000; 2021 AED 33,000; 2022 AED 37,475; 2023 AED 42,650; 2024 AED 51,000; 2025 AED 58,500; 2026 AED 65,000New contract, May 2019: AED 50,000 a yearRenewal, May 2020: AED 35,000 a yearNew contract, July 2021: AED 29,000 a yearNew contract, August 2022: AED 37,000 a yearRenewal, August 2023: AED 37,000 a yearNew contract, September 2024: AED 55,000 a yearNew contract, September 2024: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Safi Apartments 1B, and where 203 sits

All 54 1-beds →

203 last sold in October 2024 at AED 1,168 per sqft, 8% above what one-beds in Safi Apartments 1B were fetching at the time (AED 1,086). 203's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 May 2025705,000
12 Mar 2025750,000
3 Feb 2025725,000
16 Oct 2024750,000
0 1-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 2nd floor

All 181 units in Safi Apartments 1B
Value
2012-bedAED 819K · Oct 2015
2023-bedAED 1.65M · Dec 2024
2041-bedAED 470K · Sep 2019
2051-bedAED 600K · Oct 2015
206StudioAED 419K · Jan 2016
2071-bedAED 550K · Sep 2015
2083-bedAED 1.11M · Oct 2015
1–7 of 25

203, Safi Apartments 1B in numbers

  • Sold twice: first on 28 October 2015 for AED 580,888, last on 21 October 2024 for AED 740,000 (AED 1,168 per sqft).
  • Rented since May 2019 on 7 Ejari contracts. The rent fell from AED 50,000 to AED 29,000 in 2021 and recovered to AED 55,000 by September 2024.
  • At AED 55,000 a year the gross yield on the 2024 price is 7.4%.

Source: Dubai Land Department. Updated 21 October 2024.

Questions about 203, Safi Apartments 1B

What did unit 203 last sell for?

AED 740,000 on 21 October 2024: AED 1,168 per sqft for 633 sqft. The unit has 2 registered sales; the first was AED 580,888 in October 2015.

What is the rent for unit 203?

AED 55,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2024, was AED 55,000; the unit has been rented since May 2019.

How big is unit 203?

633 sqft (58.8 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 203 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 203, Safi Apartments 1B

Starts from the last sale price (AED 740K, 21 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 740,000
Deposit, UAE resident (20%)
AED 148,000
Deposit, non-resident (40%)
AED 296,000
Monthly over 25 years at 3.7%
AED 3,028

Plus AED 36,090 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →