Home
Dubai prices
About
Research
Studio · 319 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

517, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in March 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 24 February 2026
Last soldAED 355K28 March 2016
Current rentAED 36K /yr24 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, Safi Apartments 1B

What is 517 worth today?

Last sold for AED 354,888 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

24 Feb 2026RentedRenewal
AED 36,000/yr12 months · AED 115 per sqft
24 Feb 2026RentedRenewal
AED 34,000/yr12 months · AED 109 per sqft
24 Feb 2025RentedRenewal
AED 34,000/yr12 months · AED 109 per sqft
24 Feb 2024RentedNew contract
AED 32,000/yr12 months · AED 103 per sqft
15 Sep 2023RentedRenewal
AED 25,846/yr13 months · AED 83 per sqft
11 Jul 2020RentedRenewal
AED 23,000/yr13 months · AED 71 per sqft
11 Jun 2019RentedNew contract
AED 25,846/yr13 months · AED 80 per sqft
28 Mar 2016Sold by developerOff-plan
AED 354,888AED 1,111 per sqft

Source: Dubai Land Department. Updated 24 February 2026.

Key facts

Type
Studio apartment
Size
319 sqft
Floor
5th of 7
Parking
G-256
Developer
Nshmi Development
Completed
2018
Last sold
AED 355K · March 2016
Building
Safi Apartments 1B

About 517, Safi Apartments 1B

517 is a studio of 319 sqft on the 5th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 28 March 2016 for AED 354,888, or AED 1,111 per sqft, in line with the AED 1,117 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 24 February 2026, is AED 36,000 a year: a gross yield of 10.1% on the 2016 price.

Sales and rents for 517 over time

Sales
Unit 517, each saleTypical studio in Safi Apartments 1B
350K400K450K2015201820212024Typical sale price by year: 2015 AED 365,888; 2016 AED 422,888; 2019 AED 400,888; 2020 AED 359,944; 2024 AED 450,000Sold by developer, March 2016: AED 354,888 (AED 1,111 per sqft)

517 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 517, each contractTypical studio in Safi Apartments 1B
20K30K20192021202320252027Typical rent by year: 2019 AED 26,000; 2020 AED 23,000; 2021 AED 21,000; 2022 AED 27,000; 2023 AED 28,321; 2024 AED 35,000; 2025 AED 36,000; 2026 AED 36,000New contract, June 2019: AED 25,846 a yearRenewal, July 2020: AED 23,000 a yearRenewal, September 2023: AED 25,846 a yearNew contract, February 2024: AED 32,000 a yearRenewal, February 2025: AED 34,000 a yearRenewal, February 2026: AED 36,000 a yearRenewal, February 2026: AED 34,000 a year

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 517 sits

All 21 studios →

517 last sold in March 2016 at AED 1,111 per sqft, in line with what studios in Safi Apartments 1B were fetching at the time (AED 1,117). 517's AED 36,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
24 Jul 2025390,000
20 Jan 2025350,000
23 Sep 2024349,888
23 Sep 2024450,000
0 studio 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 5th floor

All 181 units in Safi Apartments 1B
Value
5012-bedAED 878K · Jul 2016
5023-bedAED 1.55M · Nov 2024
5031-bedAED 579K · May 2016
5041-bedAED 561K · May 2016
5051-bedAED 610K · May 2016
506StudioAED 427K · Jun 2016
5071-bedAED 559K · May 2016
1–7 of 26

517, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 28 March 2016 for AED 354,888, or AED 1,111 per sqft.
  • Rented since June 2019 on 7 Ejari contracts. The rent fell from AED 25,846 to AED 23,000 in 2020 and recovered to AED 36,000 by February 2026.
  • At AED 36,000 a year the gross yield on the 2016 price is 10.1%.

Source: Dubai Land Department. Updated 24 February 2026.

Questions about 517, Safi Apartments 1B

What did unit 517 last sell for?

AED 354,888 on 28 March 2016, sold by the developer: AED 1,111 per sqft for 319 sqft. It is the only registered sale of the unit.

What is the rent for unit 517?

AED 36,000 a year on the contract renewed on 24 February 2026. The previous contract, from February 2026, was AED 34,000; the unit has been rented since June 2019.

How big is unit 517?

319 sqft (29.6 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 517 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 517? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 517, Safi Apartments 1B

Starts from the last sale price (AED 355K, 28 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 354,888
Deposit, UAE resident (20%)
AED 70,978
Deposit, non-resident (40%)
AED 141,955
Monthly over 25 years at 3.7%
AED 1,452

Plus AED 17,816 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →