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2-bed · 929 sqftSafi Apartments 1B, Town Square · 6th floor · completed 2018

616, Safi Apartments 1B

Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 756K23 December 2015
Current rentAED 57K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Safi Apartments 1B

What is 616 worth today?

Last sold for AED 755,888 in 2015

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1 Jul 2025RentedRenewal
AED 57,200/yr12 months · AED 62 per sqft
1 Jul 2024RentedRenewal
AED 52,000/yr12 months · AED 56 per sqft
1 Jul 2022RentedRenewal
AED 43,700/yr12 months · AED 47 per sqft
1 Jul 2021RentedNew contract
AED 38,000/yr12 months · AED 41 per sqft
25 Oct 2019RentedNew contract
AED 48,000/yr12 months · AED 52 per sqft
23 Dec 2015Sold by developerOff-plan
AED 755,888AED 813 per sqft

Source: Dubai Land Department. Updated 1 July 2025.

Key facts

Type
2-bed apartment
Size
929 sqft
Floor
6th of 7
Parking
P-438
Developer
Nshmi Development
Completed
2018
Last sold
AED 756K · December 2015
Building
Safi Apartments 1B

About 616, Safi Apartments 1B

616 is a two-bedroom apartment of 929 sqft on the 6th floor of Safi Apartments 1B, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. The developer sold it on 23 December 2015 for AED 755,888, or AED 813 per sqft, 6% below the AED 869 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 July 2025, is AED 57,200 a year: a gross yield of 7.6% on the 2015 price.

Sales and rents for 616 over time

Sales
Unit 616, 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, December 2015: AED 755,888 (AED 813 per sqft)

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

Rents
Unit 616, 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 2019: AED 48,000 a yearNew contract, July 2021: AED 38,000 a yearRenewal, July 2022: AED 43,700 a yearRenewal, July 2024: AED 52,000 a yearRenewal, July 2025: AED 57,200 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 616 sits

All 66 2-beds →

616 last sold in December 2015 at AED 813 per sqft, 6% below what two-beds in Safi Apartments 1B were fetching at the time (AED 869). 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. 616's AED 57,200 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 6th floor

All 181 units in Safi Apartments 1B
Value
6012-bedAED 1.18M · Mar 2025
6023-bedAED 1.98M · Apr 2025
6032-bedAED 806K · Oct 2015
604StudioAED 380K · Oct 2015
6051-bedAED 562K · Oct 2015
6063-bedAED 1.01M · Jul 2020
6072-bedAED 1.1M · Jun 2025
1–7 of 22

616, Safi Apartments 1B in numbers

  • Sold once: by Nshmi Development on 23 December 2015 for AED 755,888, or AED 813 per sqft.
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 48,000 to AED 38,000 in 2021 and recovered to AED 57,200 by July 2025.
  • At AED 57,200 a year the gross yield on the 2015 price is 7.6%.
  • 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 1 July 2025.

Questions about 616, Safi Apartments 1B

What did unit 616 last sell for?

AED 755,888 on 23 December 2015, sold by the developer: AED 813 per sqft for 929 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 57,200 a year on the contract renewed on 1 July 2025. The previous contract, from July 2024, was AED 52,000; the unit has been rented since October 2019.

How big is unit 616?

929 sqft (86.3 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2018.

What is unit 616 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 616, Safi Apartments 1B

Starts from the last sale price (AED 756K, 23 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 755,888
Deposit, UAE resident (20%)
AED 151,178
Deposit, non-resident (40%)
AED 302,355
Monthly over 25 years at 3.7%
AED 3,093

Plus AED 36,758 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →