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2-bed · 976 sqftSafi Apartments 1B, Town Square · 5th floor · completed 2018

524, Safi Apartments 1B

Sold prices and rental history: sold twice, last in September 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 524 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 670K12 September 2019
Current rentAED 65K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 524, Safi Apartments 1B

What is 524 worth today?

Last sold for AED 670,000 in 2019

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15 Oct 2025RentedRenewal
AED 65,000/yr12 months · AED 67 per sqft
15 Oct 2024RentedRenewal
AED 60,500/yr12 months · AED 62 per sqft
15 Oct 2022RentedRenewal
AED 50,000/yr12 months · AED 52 per sqft
15 Oct 2021RentedNew contract
AED 48,000/yr12 months · AED 49 per sqft
12 Sep 2019SoldReady
AED 670,000AED 686 per sqft
10 May 2016Sold by developerOff-plan
AED 859,888AED 880 per sqft

Source: Dubai Land Department. Updated 15 October 2025.

Key facts

Type
2-bed apartment
Size
976 sqft
Floor
5th of 7
Parking
P-230
Developer
Nshmi Development
Completed
2018
Last sold
AED 670K · September 2019
Building
Safi Apartments 1B

About 524, Safi Apartments 1B

524 is a two-bedroom apartment of 976 sqft on the 5th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 12 September 2019 for AED 670,000, or AED 686 per sqft, 25% below the AED 916 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 October 2025, is AED 65,000 a year: a gross yield of 9.7% on the 2019 price.

Sales and rents for 524 over time

Sales
Unit 524, 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, May 2016: AED 859,888 (AED 880 per sqft)Sold, September 2019: AED 670,000 (AED 686 per sqft)

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

Rents
Unit 524, 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, October 2021: AED 48,000 a yearRenewal, October 2022: AED 50,000 a yearRenewal, October 2024: AED 60,500 a yearRenewal, October 2025: AED 65,000 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 524 sits

All 66 2-beds →

524 last sold in September 2019 at AED 686 per sqft, 25% below what two-beds in Safi Apartments 1B were fetching at the time (AED 916). 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. 524's AED 65,000 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

524, Safi Apartments 1B in numbers

  • Sold twice: first on 10 May 2016 for AED 859,888, last on 12 September 2019 for AED 670,000 (AED 686 per sqft).
  • Rented since October 2021 on 4 Ejari contracts, from AED 48,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2019 price is 9.7%.
  • 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 15 October 2025.

Questions about 524, Safi Apartments 1B

What did unit 524 last sell for?

AED 670,000 on 12 September 2019: AED 686 per sqft for 976 sqft. The unit has 2 registered sales; the first was AED 859,888 in May 2016.

What is the rent for unit 524?

AED 65,000 a year on the contract renewed on 15 October 2025. The previous contract, from October 2024, was AED 60,500; the unit has been rented since October 2021.

How big is unit 524?

976 sqft (90.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 524 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 524, Safi Apartments 1B

Starts from the last sale price (AED 670K, 12 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 670,000
Deposit, UAE resident (20%)
AED 134,000
Deposit, non-resident (40%)
AED 268,000
Monthly over 25 years at 3.7%
AED 2,741

Plus AED 33,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →