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1-bed · 573 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

523, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in June 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 523 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 568K22 June 2020
Current rentAED 88K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 523, Safi Apartments 1B

What is 523 worth today?

Last sold for AED 567,888 in 2020

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1 Oct 2025RentedRenewal
AED 88,275/yr6 months · AED 155 per sqft
1 Oct 2025RentedRenewal
AED 38,000/yr12 months · AED 67 per sqft
1 Oct 2024RentedRenewal
AED 38,000/yr12 months · AED 67 per sqft
1 Oct 2023RentedRenewal
AED 37,000/yr12 months · AED 65 per sqft
1 Oct 2022RentedNew contract
AED 32,000/yr12 months · AED 56 per sqft
1 Oct 2021RentedRenewal
AED 30,000/yr12 months · AED 53 per sqft
1 Oct 2020RentedNew contract
AED 30,000/yr12 months · AED 53 per sqft
22 Jun 2020Sold by developerReady
AED 567,888AED 990 per sqft

Source: Dubai Land Department. Updated 1 October 2025.

Key facts

Type
1-bed apartment
Size
573 sqft
Floor
5th of 7
Parking
P-390
Developer
Nshmi Development
Completed
2018
Last sold
AED 568K · June 2020
Building
Safi Apartments 1B

About 523, Safi Apartments 1B

523 is a one-bedroom apartment of 573 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 22 June 2020 for AED 567,888, or AED 990 per sqft, 15% above the AED 859 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 88,275 a year: a gross yield of 15.5% on the 2020 price.

Sales and rents for 523 over time

Sales
Unit 523, 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, June 2020: AED 567,888 (AED 990 per sqft)

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

Rents
Unit 523, each contractTypical one-bed in Safi Apartments 1B
50K20192021202320252027Typical 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, October 2020: AED 30,000 a yearRenewal, October 2021: AED 30,000 a yearNew contract, October 2022: AED 32,000 a yearRenewal, October 2023: AED 37,000 a yearRenewal, October 2024: AED 38,000 a yearRenewal, October 2025: AED 88,275 a yearRenewal, October 2025: AED 38,000 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 523 sits

All 54 1-beds →

523 last sold in June 2020 at AED 990 per sqft, 15% above what one-beds in Safi Apartments 1B were fetching at the time (AED 859). 523's AED 88,275 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 May 2025705,000
12 Mar 2025750,000
3 Feb 2025725,000
21 Oct 2024740,000
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 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

523, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 22 June 2020 for AED 567,888, or AED 990 per sqft.
  • Rented since October 2020 on 7 Ejari contracts, from AED 30,000 to AED 88,275 a year.
  • At AED 88,275 a year the gross yield on the 2020 price is 15.5%.

Source: Dubai Land Department. Updated 1 October 2025.

Questions about 523, Safi Apartments 1B

What did unit 523 last sell for?

AED 567,888 on 22 June 2020, sold by the developer: AED 990 per sqft for 573 sqft. It is the only registered sale of the unit.

What is the rent for unit 523?

AED 88,275 a year on the contract renewed on 1 October 2025. The previous contract, from October 2025, was AED 38,000; the unit has been rented since October 2020.

How big is unit 523?

573 sqft (53.2 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 523 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 523, Safi Apartments 1B

Starts from the last sale price (AED 568K, 22 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 567,888
Deposit, UAE resident (20%)
AED 113,578
Deposit, non-resident (40%)
AED 227,155
Monthly over 25 years at 3.7%
AED 2,323

Plus AED 28,862 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →