306, Safi Apartments 1B
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, Safi Apartments 1B
What is 306 worth today?
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Source: Dubai Land Department. Updated 10 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 319 sqft
- Floor
- 3rd of 7
- Parking
- G-269
- Developer
- Nshmi Development
- Completed
- 2018
- Last sold
- AED 463K · July 2016
- Building
- Safi Apartments 1B
About 306, Safi Apartments 1B
306 is a studio of 319 sqft on the 3rd floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 24 July 2016 for AED 462,888, or AED 1,450 per sqft, 30% above the AED 1,118 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 10 May 2024, is AED 37,000 a year: a gross yield of 8.0% on the 2016 price.
Sales and rents for 306 over time
306 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 306 sits
All 21 studios →306 last sold in July 2016 at AED 1,450 per sqft, 30% above what studios in Safi Apartments 1B were fetching at the time (AED 1,118). 306's AED 37,000 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 3rd floor
All 181 units in Safi Apartments 1B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 937 sqft | AED 800KAED 800,000 · Apr 2023April 2023 | 41,000 /yr | |
| 302 | 3-bed | 1,419 sqft | AED 950KAED 950,000 · May 2021May 2021 | 130,000 /yr | |
| 303 | 1-bed | 633 sqft | AED 573KAED 572,888 · Oct 2015October 2015 | 46,000 /yr | |
| 304 | 1-bed | 623 sqft | AED 427KAED 427,000 · Oct 2020October 2020 | 60,000 /yr | |
| 305 | 1-bed | 674 sqft | AED 725KAED 725,000 · Feb 2025February 2025 | 78,000 /yr | |
| 307 | 596 sqft | AED 750KAED 750,000 · Sep 2025September 2025 | 39,000 /yr | ||
| 308 | 3-bed | 1,412 sqft | AED 1.26MAED 1,258,888 · Jun 2018June 2018 | ||
| 309 | 2-bed | 881 sqft | AED 870KAED 870,400 · Jan 2023January 2023 | 80,000 /yr | |
| 310 | 2-bed | 1,002 sqft | AED 772KAED 771,888 · Oct 2015October 2015 | 49,500 /yr | |
| 311 | 1-bed | 687 sqft | AED 690KAED 690,000 · Oct 2024October 2024 | 64,000 /yr | |
| 312 | 1-bed | 687 sqft | AED 611KAED 610,888 · May 2016May 2016 | 45,480 /yr | |
| 313 | 2-bed | 1,002 sqft | AED 772KAED 771,888 · Oct 2015October 2015 | 52,000 /yr | |
| 314 | 2-bed | 881 sqft | AED 755KAED 754,888 · Oct 2015October 2015 | 70,000 /yr | |
| 315 | 3-bed | 1,412 sqft | AED 1.29MAED 1,290,888 · May 2017May 2017 | 70,400 /yr | |
| 316 | 1-bed | 596 sqft | AED 499KAED 499,000 · Jul 2023July 2023 | 37,878 /yr | |
| 317 | Studio | 319 sqft | AED 450KAED 450,000 · Sep 2024September 2024 | 43,000 /yr | |
| 318 | 1-bed | 674 sqft | AED 225KAED 225,000 · Jun 2021June 2021 | 60,000 /yr | |
| 319 | 1-bed | 624 sqft | AED 575KAED 574,888 · Jun 2016June 2016 | 55,000 /yr | |
| 320 | 1-bed | 633 sqft | AED 450KAED 450,000 · Sep 2021September 2021 | 60,000 /yr | |
| 321 | 3-bed | 1,419 sqft | AED 1.17MAED 1,171,888 · Oct 2015October 2015 | 125,000 /yr | |
| 322 | 2-bed | 937 sqft | AED 799KAED 798,888 · Sep 2018September 2018 | 90,000 /yr | |
| 323 | 1-bed | 573 sqft | AED 636KAED 635,888 · Apr 2019April 2019 | 46,585 /yr | |
| 324 | 2-bed | 977 sqft | AED 1.14MAED 1,135,000 · May 2025May 2025 | 80,000 /yr | |
| 325 | 2-bed | 1,040 sqft | AED 1.17MAED 1,170,000 · Feb 2025February 2025 | 58,212 /yr | |
| 326 | 2-bed | 905 sqft | AED 814KAED 813,888 · Oct 2015October 2015 | 80,000 /yr | |
| 327 | 3-bed | 1,340 sqft | AED 1.12MAED 1,118,888 · Oct 2015October 2015 | 112,000 /yr |
306, Safi Apartments 1B in numbers
- Sold once: by Nshmi Development on 24 July 2016 for AED 462,888, or AED 1,450 per sqft.
- Rented since August 2020 on 6 Ejari contracts, from AED 26,000 to AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2016 price is 8.0%.
Source: Dubai Land Department. Updated 10 May 2024.
Questions about 306, Safi Apartments 1B
What did unit 306 last sell for?
AED 462,888 on 24 July 2016, sold by the developer: AED 1,450 per sqft for 319 sqft. It is the only registered sale of the unit.
What is the rent for unit 306?
AED 37,000 a year on the contract renewed on 10 May 2024. The previous contract, from February 2024, was AED 35,000; the unit has been rented since August 2020.
How big is unit 306?
319 sqft (29.6 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.
What is unit 306 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 306, Safi Apartments 1B
Starts from the last sale price (AED 463K, 24 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 462,888
- Deposit, UAE resident (20%)
- AED 92,578
- Deposit, non-resident (40%)
- AED 185,155
- Monthly over 25 years at 3.7%
- AED 1,894
Plus AED 22,352 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →