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2-bed · 937 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

522, Safi Apartments 1B

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

Unit 522 · DLD and Ejari recordsUpdated 25 June 2024
Last soldAED 878K20 July 2016
Current rentAED 56K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 522, Safi Apartments 1B

What is 522 worth today?

Last sold for AED 877,888 in 2016

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25 Jun 2024RentedRenewal
AED 56,000/yr6 months · AED 60 per sqft
25 Jun 2023RentedRenewal
AED 50,600/yr12 months · AED 54 per sqft
25 Jun 2022RentedRenewal
AED 46,000/yr12 months · AED 49 per sqft
25 Jun 2021RentedRenewal
AED 43,000/yr12 months · AED 46 per sqft
25 Jun 2020RentedRenewal
AED 46,000/yr12 months · AED 49 per sqft
25 Jun 2019RentedNew contract
AED 52,000/yr12 months · AED 56 per sqft
20 Jul 2016Sold by developerOff-plan
AED 877,888AED 937 per sqft

Source: Dubai Land Department. Updated 25 June 2024.

Key facts

Type
2-bed apartment
Size
937 sqft
Floor
5th of 7
Parking
P-229
Developer
Nshmi Development
Completed
2018
Last sold
AED 878K · July 2016
Building
Safi Apartments 1B

About 522, Safi Apartments 1B

522 is a two-bedroom apartment of 937 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 20 July 2016 for AED 877,888, or AED 937 per sqft, 8% above the AED 870 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 June 2024, is AED 56,000 a year: a gross yield of 6.4% on the 2016 price.

Sales and rents for 522 over time

Sales
Unit 522, 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, July 2016: AED 877,888 (AED 937 per sqft)

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

Rents
Unit 522, 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 2019: AED 52,000 a yearRenewal, June 2020: AED 46,000 a yearRenewal, June 2021: AED 43,000 a yearRenewal, June 2022: AED 46,000 a yearRenewal, June 2023: AED 50,600 a yearRenewal, June 2024: AED 56,000 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 522 sits

All 66 2-beds →

522 last sold in July 2016 at AED 937 per sqft, 8% above what two-beds in Safi Apartments 1B were fetching at the time (AED 870). 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. 522's AED 56,000 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 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

522, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 20 July 2016 for AED 877,888, or AED 937 per sqft.
  • Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 43,000 in 2021 and recovered to AED 56,000 by June 2024.
  • At AED 56,000 a year the gross yield on the 2016 price is 6.4%.
  • 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 25 June 2024.

Questions about 522, Safi Apartments 1B

What did unit 522 last sell for?

AED 877,888 on 20 July 2016, sold by the developer: AED 937 per sqft for 937 sqft. It is the only registered sale of the unit.

What is the rent for unit 522?

AED 56,000 a year on the contract renewed on 25 June 2024. The previous contract, from June 2023, was AED 50,600; the unit has been rented since June 2019.

How big is unit 522?

937 sqft (87.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 522 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 522, Safi Apartments 1B

Starts from the last sale price (AED 878K, 20 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 877,888
Deposit, UAE resident (20%)
AED 175,578
Deposit, non-resident (40%)
AED 351,155
Monthly over 25 years at 3.7%
AED 3,592

Plus AED 41,882 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →