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2-bed · 881 sqftSafi Apartments 1B, Town Square · 2nd floor · completed 2018

209, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 3 September 2024
Last soldAED 750K19 October 2015
Current rentAED 68K /yr3 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 209, Safi Apartments 1B

What is 209 worth today?

Last sold for AED 749,888 in 2015

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3 Sep 2024RentedNew contract
AED 68,250/yr12 months · AED 77 per sqft
25 Jun 2022RentedNew contract
AED 52,000/yr12 months · AED 60 per sqft
19 Oct 2015Sold by developerOff-plan
AED 749,888AED 851 per sqft

Source: Dubai Land Department. Updated 3 September 2024.

Key facts

Type
2-bed apartment
Size
881 sqft
Floor
2nd of 7
Parking
P-352
Developer
Nshmi Development
Completed
2018
Last sold
AED 750K · October 2015
Building
Safi Apartments 1B

About 209, Safi Apartments 1B

209 is a two-bedroom apartment of 881 sqft on the 2nd 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 749,888, or AED 851 per sqft, in line with the AED 874 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 3 September 2024, is AED 68,250 a year: a gross yield of 9.1% on the 2015 price.

Sales and rents for 209 over time

Sales
Unit 209, 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 749,888 (AED 851 per sqft)

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

Rents
Unit 209, 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, June 2022: AED 52,000 a yearNew contract, September 2024: AED 68,250 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 209 sits

All 66 2-beds →

209 last sold in October 2015 at AED 851 per sqft, in line with 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. 209's AED 68,250 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 2nd floor

All 181 units in Safi Apartments 1B
Value
2012-bedAED 819K · Oct 2015
2023-bedAED 1.65M · Dec 2024
2031-bedAED 740K · Oct 2024
2041-bedAED 470K · Sep 2019
2051-bedAED 600K · Oct 2015
206StudioAED 419K · Jan 2016
2071-bedAED 550K · Sep 2015
1–7 of 25

209, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 19 October 2015 for AED 749,888, or AED 851 per sqft.
  • Rented since June 2022 on 2 Ejari contracts, from AED 52,000 to AED 68,250 a year.
  • At AED 68,250 a year the gross yield on the 2015 price is 9.1%.
  • 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 3 September 2024.

Questions about 209, Safi Apartments 1B

What did unit 209 last sell for?

AED 749,888 on 19 October 2015, sold by the developer: AED 851 per sqft for 881 sqft. It is the only registered sale of the unit.

What is the rent for unit 209?

AED 68,250 a year on the contract signed on 3 September 2024. The previous contract, from June 2022, was AED 52,000.

How big is unit 209?

881 sqft (81.8 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 209 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 209, Safi Apartments 1B

Starts from the last sale price (AED 750K, 19 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 749,888
Deposit, UAE resident (20%)
AED 149,978
Deposit, non-resident (40%)
AED 299,955
Monthly over 25 years at 3.7%
AED 3,068

Plus AED 36,506 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →